Baltimore's BioPark
A Baltimore firm that’s made its name developing university-connected life sciences and medical facilities was acquired by the Chicago real estate investment trust Ventas, Inc.
The deal for Wexford Science + Technology is valued at $1.5 billion, according to a statement from Ventas. It is expected to close in fourth quarter of 2016.
The deal is the latest in a string of acquisitions surrounding the company, which has a total of 25 properties. Wexford was acquired by BioMed Realty in 2013 for $640 million. Earlier this year, that company was acquired by Blackstone Real Estate Partners for $8 billion.
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