On December 31, 2008, John F. Wilson, II retired from his position as Executive Vice President of BioMed Realty Trust, Inc. As a result, John P. Bonanno, BioMed's Vice President, Development, will assume responsibility for managing the company-wide development program.
Effective as of Mr. Wilson's date of retirement, BioMed and Mr. Wilson entered into an Employment Transition and Consulting Agreement (the "Transition Agreement"), pursuant to which, among other things and in lieu of any compensation that he would have been entitled to receive under his employment agreement after the date of his retirement, Mr. Wilson received a lump sum cash payment in the amount of $524,000. In addition, Mr. Wilson's remaining 73,725 unvested long term incentive plan units in BioMed Realty, L.P. ("LTIP Units") will vest and be free from forfeiture restrictions as of December 31, 2008. Of these 73,725 LTIP Units, Mr. Wilson will continue to hold 34,350 LTIP Units subject to their terms, and Mr. Wilson will have the option, at his discretion and provided that certain conditions are met as described in the Transition Agreement, to exchange 39,375 LTIP Units, at any time between February 1, 2009 and February 1, 2010, for 39,375 immediately vested shares of the company's common stock, as adjusted for any stock splits, stock combinations or similar transactions.
A copy of the Transition Agreement is filed as Exhibit 10.1 hereto and incorporated herein by reference. The foregoing description of the Transition Agreement is qualified in its entirety by reference to the full text of the agreement.
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibits are filed herewith:

Exhibit
Number                             Description of Exhibit
 10.1     Employment Transition and Consulting Agreement effective as of
          December 31, 2008 between BioMed Realty Trust, Inc., BioMed Realty, L.P.
          and John F. Wilson, II.