SAN DIEGO — BioMed Realty said its newly released 2024 Sustainability Report underscores the company’s long-term commitment to sustainable development, decarbonization, and responsible operations across its life science and technology real estate portfolio.
The privately owned real estate operator said the report reflects its tenant-first, vertically integrated model, which delivers high-performing environments designed to support innovation while creating long-term value for tenants, stakeholders, and surrounding communities in the United States and the United Kingdom.
The report follows strong results in the 2025 Global Real Estate Sustainability Benchmark, where BioMed Realty’s portfolio achieved 4-Star ratings in both Standing Assets and Development Assets, with improved scores year over year. The company also ranked first in the Development Benchmark within the Technology, Science, Non-listed Core category in the Americas for the second consecutive year.
“Our sustainability strategy is grounded in our role as a long-term partner to the world’s most innovative companies,” said Tim Schoen, chief executive officer of BioMed Realty. “This year’s report highlights how our vertically integrated model continues to perform. Our seamless approach from development through operations creates the flexible, mission-critical environments tenants rely on to accelerate innovation, while supporting the long-term viability of our operating portfolio.”
He added that the company’s continued momentum and strong benchmark results reflect both the rigor of its sustainability strategy and consistent execution over more than two decades.
According to the report, BioMed Realty continues to embed sustainable design, resilience, and occupant well-being throughout its development and operational lifecycle. In the United States, all new ground-up developments are designed to achieve LEED Silver or higher, incorporate solar-ready infrastructure, and reduce energy and water consumption in line with ASHRAE baselines. In the United Kingdom, new developments target BREEAM Excellent ratings, EPC A performance, and at least a 25 percent reduction in operational carbon emissions compared with baseline standards.
The report also details progress across BioMed Realty’s 17-million-square-foot global operating portfolio. The company said it procured renewable energy credits covering 100 percent of landlord-paid electricity in the United States and continued a multi-year energy optimization strategy focused on equipment upgrades and major retrofits. Since 2016, BioMed Realty has completed 192 energy-efficiency projects, representing more than $25 million in investment and generating over $4.5 million in cumulative energy savings.
“BioMed Realty’s year-over-year results demonstrate meaningful sustainability progress,” said Joanna Hilvert, vice president of environmental, sustainability, and integration. “Our tenant-first ethos guides the decisions we make, and these results show how that focus, paired with our integrated model, delivers resilient, sustainable environments that support long-term performance and continued innovation.”
BioMed Realty also highlighted broader initiatives aimed at tenant engagement and community impact. The company said it continues to prioritize healthy and inclusive spaces, expand wellness-focused design across its properties, host hundreds of tenant engagement events annually, and support dozens of nonprofit organizations as part of its community partnership efforts.
