Blackstone has invested $19 billion in healthcare and healthcare-related transactions across more than 40 deals. It is also the second largest owner of life sciences office space in the world.

Blackstone's acquisition of Clarus is expected to close in the fourth quarter of 2018.

Mid-tier Clusters

Blackstone is entering the life science funding market as the sector is undergoing significant change in terms of technologies and methodologies and business structures, according to JLL's 2018 Life Sciences Outlook.

As a result the real estate needs of these companies are shifting as well.

Not everything is in flux: Boston and San Francisco are still the top markets for the life science real estate industry despite the high rents and low space availability, JLL said.

But it also noted that some of the most dynamic changes for 2018 have been in the mid-tier clusters. “The Denver metro area has seen life sciences employment double in the last decade as the area is home to a growing start-up community,” it said. “Seattle has benefitted from a flurry of M&A activity and now commands some of the highest rents outside of San Francisco and Boston. Suburban Maryland, New Jersey and Westchester, three long-established clusters, recorded some of the highest year-over-year job growth in the industry.”

Houston is also beginning to make a mark in the industry, JLL said. Earlier this year the city launched an ambitious plan to create a new collaborative life sciences research hub on the campus of the Texas Medical Center.

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