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), a self-administered and self-managed real estate investment trust (REIT), is the largest and leading REIT focused principally on owning, operating, developing, redeveloping, and acquiring high-quality, sustainable real estate for the broad and diverse life science industry. As of December 31, 2013, Alexandria's asset base consisted of 30.9 million RSF, including 17.5 million RSF of operating and current value-creation development/redevelopment assets, as well as an additional 13.4 million RSF in future ground-up development projects. Founded by Jerry M. Sudarsky and Joel S. Marcus in 1994, Alexandria pioneered the laboratory/office niche and has become the leading life science real estate brand and dominant market presence in the top life science clusters, including Greater Boston, the San Francisco Bay Area, San Diego, Greater New York City, Seattle, Maryland, and Research Triangle Park. Alexandria manages its properties through fully integrated regional and life science teams with unparalleled real estate and life science expertise. As the Landlord of Choice to the Life Science Industry®, Alexandria is known for its high-quality and diverse client tenant base, which includes renowned academic and medical institutions, multinational pharmaceutical companies, public and private biotechnology entities, United States government research agencies, medical device companies, industrial biotech companies, venture capital firms, and life science product and service companies. Alexandria has a proven and superior track record developing Class A laboratory/office assets focused primarily in key urban science center campus locations in AAA cluster locations adjacent to leading academic medical research centers, offering highly creative amenities that drive client tenant productivity and foster innovation, and gathering its longstanding and expansive network in the life science community. 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.