PASADENA, Calif., Sept. 10,
2024 /PRNewswire/ -- Alexandria Real Estate Equities,
Inc. (NYSE: ARE), the first, preeminent, longest-tenured and
pioneering owner, operator and developer of collaborative mega
campuses in AAA life science innovation cluster locations, today
announced that Joel S. Marcus, the
company's executive chairman and founder, is being honored with the
inaugural Bisnow Life Sciences Icon & Influencer Award tomorrow
afternoon, Wednesday, September 11,
2024. This prestigious award highlights Mr. Marcus and
Alexandria's significant long-term
contributions to and lasting impact on the life science real estate
sector and broader life science industry. He will accept the award
on his own behalf and that of Alexandria at Bisnow's International Life
Sciences & Biotech Conference in Rockville, Maryland.
"We are thrilled to honor Joel, whose founding of and
outstanding contributions to the life sciences real estate sector
have earned him respect and admiration in this space," said
Gregg Mayer, chief executive officer
of Bisnow. "His perseverance and forward-thinking leadership,
coupled with his commitment to innovation and ability to navigate
challenging times, have not only resulted in a successful business
but also helped mold the life science industry. We look forward to
celebrating Joel and Alexandria's
achievements at our conference tomorrow."
Mr. Marcus co-founded Alexandria in 1994, thus establishing and
pioneering the life science real estate niche. Over the past three
decades, he has led the company's transformation of life science
real estate from a specialty niche into an important mainstream
asset class. Alexandria's
extraordinary positive impact on the life science industry is
exemplified through its proven ability to evolve to meet and
anticipate the industry's unique needs, its deep industry expertise
that has led to longstanding strategic relationships with
high-quality and diverse tenants, and its pivotal role in creating
and growing life science ecosystems and clusters that catalyze
innovative new medicines. Alexandria tenants have been responsible for
50% of the approximately 500 novel FDA-approved therapies since
2013.
"I am deeply honored to be the first recipient of this
prestigious award from Bisnow. It reflects our entire team's
dedication to our one-of-a-kind, mission-driven company and,
importantly, to our world-class tenants," said Mr. Marcus. "We are
proud to be at the vanguard and heart of the life science industry
— the world's leader in the discovery and development of new
medicines — and to create significant value well beyond physical
real estate. With about 10,000 diseases known to humankind, over
90% of which still have no approved therapies or cures, now, more
than ever, we need life science innovation to improve health and
well-being and lessen human suffering, and we call on the
government at all levels to champion and respect this cherished
innovation industry. At Alexandria, we remain laser-focused on
enhancing our mega campuses, which enable our life science tenants
in their tireless pursuit of novel, more effective treatments and
cures to address unmet medical needs while providing scale and
flexibility for growth."
In addition to receiving the Bisnow Life Sciences Icon &
Influencer Award, Mr. Marcus is the keynote speaker at the
International Life Sciences & Biotech Conference tomorrow
afternoon. Richard Bendis, president
and chief executive officer of BioHealth Innovation, Inc., will
join him for an insightful conversation on the state of the life
science industry and how Alexandria built an irreplaceable
Labspace® platform that continues to drive forward this
vital $5 trillion secularly growing
industry for the betterment of human health. Mr. Marcus will also
discuss the company's strategic efforts to achieve and build upon
the three outputs that renowned author and business strategist
Jim Collins attributes to a great
company: Superior Results, Distinctive Impact and Lasting
Endurance.
About Alexandria Real Estate Equities, Inc.
Alexandria
Real Estate Equities, Inc. (NYSE: ARE), an S&P
500® company, is a best-in-class, mission-driven
life science REIT making a positive and lasting impact on the
world. As the pioneer of the life science real estate niche with
our founding in 1994, Alexandria
is the preeminent and longest-tenured owner, operator and developer
of collaborative mega campuses in AAA life science innovation
cluster locations, including Greater
Boston, the San Francisco Bay
Area, San Diego,
Seattle, Maryland, Research Triangle and New York City. As of June 30, 2024, Alexandria has a total market capitalization
of $32.5 billion and an asset base in
North America that includes 42.1
million RSF of operating properties and 5.3 million RSF of Class
A/A+ properties undergoing construction and one committed near-term
project expected to commence construction in the next two years.
Alexandria has a longstanding and
proven track record of developing Class A/A+ properties clustered
in mega campuses that provide our innovative tenants with highly
dynamic and collaborative environments that enhance their ability
to successfully recruit and retain world-class talent and inspire
productivity, efficiency, creativity and success. Alexandria also provides strategic capital to
transformative life science companies through our venture capital
platform. We believe our unique business model and diligent
underwriting ensure a high-quality and diverse tenant base that
results in higher occupancy levels, longer lease terms, higher
rental income, higher returns and greater long-term asset value.
For more information on Alexandria, please visit www.are.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such forward-looking statements include, without limitation,
statements regarding Alexandria's impact on the life science
industry; its tenants' business and pursuit of novel treatment and
cures, and human health and well-being; and its ability to meet and
anticipate industry needs, maintain strategic relationships, and
create and grow life science ecosystems and clusters that catalyze
innovative new medicines. These forward-looking statements are
based on Alexandria's present
intent, beliefs or expectations, but forward-looking statements are
not guaranteed to occur and may not occur. Actual results may
differ materially from those contained in or implied by
Alexandria's forward-looking
statements as a result of a variety of factors, including, without
limitation, the risks and uncertainties detailed in its filings
with the Securities and Exchange Commission. All forward-looking
statements are made as of the date of this press release, and
Alexandria assumes no obligation
to update this information. For more discussion relating to risks
and uncertainties that could cause actual results to differ
materially from those anticipated in Alexandria's forward-looking statements, and
risks and uncertainties to Alexandria's business in general, please refer
to Alexandria's filings with the
Securities and Exchange Commission, including its most recent
annual report on Form 10-K and any subsequently filed quarterly
reports on Form 10-Q.
CONTACT: Sara Kabakoff, Senior Vice
President – Chief Content Officer, (626) 788-5578,
skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.