Alexandria: An Investment-Grade REIT for the Life Science Industry™
Joel S. Marcus, Chairman, CEO & Founder of Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE:ARE), with a total market capitalization of approximately $9 billion as of March 31, 2014, and an asset base of 31.2 million RSF, including 17.7 million RSF of operating and current value-creation projects, as well as an additional 13.5 million RSF in future ground-up development projects, is the largest and leading REIT uniquely focused on Class A collaborative science and technology campuses in urban innovation clusters. Alexandria pioneered this niche in 1994 and has since established a dominant market presence in AAA locations including Greater Boston, the San Francisco Bay Area, New York City, Seattle, San Diego, Research Triangle Park, and Maryland. Alexandria is known for its high-quality and diverse client tenant base. As the Landlord of Choice to the Life Science Industry®, approximately 52% of Alexandria’s total ABR results from investment-grade client tenants (an industry-leading percentage). Alexandria has a longstanding and proven track record of developing Class A assets clustered in urban collaborative science and technology campuses that provide its client tenants with a highly collaborative, 24/7, live/work/play environment, as well as the critical ability to successfully recruit and retain best-in-class talent. We believe these advantages result in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
Investment Grade Balance Sheet
In 2011, Alexandria obtained investment grade ratings from Moody's (Baa2-Stable) and Standard &
As the first REIT focused on the life science real estate niche, Alexandria has assembled a First in Class® portfolio of the highest quality assets in the world's top life science clusters.
Best-in-Class Management and Regional Teams
With seasoned real estate and life science experts located in each submarket, Alexandria has an unparalleled team of professionals dedicated to serving our client tenants.
More than a Landlord: Unique and Value-Added Real Estate Partner
At Alexandria, we have re-defined the meaning of landlord by viewing each and every client tenant as a partner, where Alexandria plays a key role in the success of our partner's business by offering proprietary LABSPACE® services and design assistance, capital, construction management, technical expertise, a continuum of product offering to meet our client tenants' needs, and a deep network of industry relationships.
Unique Industry and Tenant Underwriting Capability
Alexandria has a best-in-class science/business research team that enables Alexandria to understand and strategically capitalize on industry trends.