PASADENA, Calif., Oct. 13, 2020 /PRNewswire/ -- Alexandria Real
Estate Equities, Inc. (NYSE: ARE), the first, longest-tenured and
pioneering owner, operator and developer uniquely focused on
collaborative life science, technology and agtech campuses in AAA
innovation cluster locations, is profoundly committed to driving
forward significant collaborative and innovative solutions to
address some of today's most urgent and widespread societal
challenges, including the COVID-19 pandemic, the opioid crisis,
poverty and disparities in educational opportunities. As a
mission-driven company at the vanguard and heart of the life
science ecosystem, Alexandria
aligns every aspect of its multifaceted business model and
visionary social responsibility efforts to support its mission to
advance human health, as well as to make highly impactful, tangible
and positive results in its local communities. Through the
company's tireless work in innovating transformational approaches
and building strategic relationships with non-profit organizations
doing groundbreaking operational work, in addition to its robust
philanthropy, vigorous fundraising, impactful volunteerism, and
experience and expertise at the board and functional levels,
Alexandria is catalyzing and
leading the way for positive and productive societal change.
At the Vanguard and Heart of the Life Science Ecosystem That
Is Crucial to Advancing Innovative Solutions for COVID-19
Since the innovation of its Labspace® real estate in
1994, Alexandria has grown this
niche platform into an essential mission-critical sector
responsible for advancing the health and wellness of society.
Alexandria has successfully
delivered its mission-critical infrastructure to support the
innovative work of its tenants, and since the outset of the
COVID-19 pandemic earlier this year, the company has enabled nearly
100 of its tenants to focus on COVID-related and other vitally
important diagnostics, testing, therapies, and vaccines.
Alexandria's world-class
frontline teams have maintained operations across its campuses,
enabling notable life sciences tenants (which include Abbott
Laboratories, Adaptive Biotechnologies, Color, Cue Health,
Laboratory Corporation of America Holdings, Quest Diagnostics,
Quidel, Roche, Thermo Fisher Scientific and Verily Life Sciences)
to continue their essential on-site operations as part of the
industry's collective efforts to improve the quality, capacity and
turnaround time for COVID-19 testing. To further optimize its
infrastructure, Alexandria
leveraged its network of experts to focus on the health, safety and
well-being of its tenants and their employees by increasing and
improving their access to testing at critical locations, such as
New York City and Cambridge. The company has also pioneered and
implemented robust, cutting-edge initiatives for safer buildings,
which have been reviewed and validated by its dedicated COVID-19
Advisory Board, along with building optimization measures and
operational protocols that encompass a variety of focus areas.
Research-backed initiatives include informational health and safety
graphics, disinfectant cleaning guidelines, improved air
filtration, effective health security communications and the
implementation of building-specific guidelines and policies that
call for active cooperation of building occupants and service
providers, including social distancing, daily pre-screening of
employees and visitors, and the use of face coverings. For these
measures, Alexandria was
recognized by the Center for Active Design (CfAD), the operator of
Fitwel®, as the first-ever company to achieve a Fitwel
Viral Response Certification with Distinction, the highest
designation within the new Viral Response Module developed by
the world's leading healthy building certification system.
Alexandria's comprehensive and
industry-leading COVID–19 prevention guidelines and practices,
which expand upon its existing rigorous health and safety
standards, contributed to its tremendous accomplishment.
In conjunction with the uninterrupted operations of
infrastructure at the onset of the pandemic's spread in
the United States, Alexandria also invested mission-critical
resources to help sustain individuals and institutions on the front
line. The company sourced over 54,000 pieces of personal protective
equipment worldwide and donated these mission-critical supplies to
protect and support healthcare workers in some of the nation's
hardest-hit cities, including New York
City, Boston, Seattle, Los
Angeles, and San Diego.
Additionally, Alexandria has
donated more than $1 million to
several highly impactful national and regional organizations
supporting communities severely affected by the pandemic, including
ROAR (Relief Opportunities for All Restaurants), which makes
financial relief available to New York
City's more than 1 million restaurant workers, and
Robin Hood, New York City's largest poverty-fighting
organization, of which Alexandria's executive chairman and founder,
Joel S. Marcus, has served on the
board of directors since 2016.
"Joel and the entire Alexandria
team have been instrumental partners and ardent supporters of
Robin Hood and our mission to
elevate New Yorkers out of poverty by funding non-profits focused
on providing food, housing, education, legal services, workforce
development and more to New Yorkers in need," said Wes Moore, CEO of Robin
Hood. "New Yorkers living in poverty are among those hardest
hit nationally by the COVID-19 pandemic, and Robin Hood's aid is more in demand than ever. As
COVID-19 quickly struck New York
City, Alexandria
immediately answered our call to action with a significant donation
to the Robin Hood COVID–19 Relief Fund, providing emergency
financial assistance to individuals and families in need. As a
member of our board of directors, it has been an honor and
privilege to work hand in hand with Joel and witness an altruistic
spirit that permeates throughout the entire Alexandria organization."
Pioneering a Fully Integrated Ecosystem to Reverse the
Trajectory of the Opioid Epidemic and Support Addiction
Recovery
Determined to reverse the trajectory of the U.S. opioid crisis,
which is one of the most pervasive public health challenges in our
nation's history and has resulted in more American lives lost each
year since 2016 than lost in combat during the entire Vietnam War,
Alexandria, in partnership with
Verily, envisioned an innovative, non-profit healthcare ecosystem
dedicated to the full and sustained recovery of people living with
addiction, regardless of their health insurance status. To realize
this collaborative vision, Alexandria and Verily pioneered a fully
integrated campus strategy to house an evidence-based comprehensive
treatment model encompassing a full continuum of care with
dedicated facilities and services for treatment, residential
housing, group therapy, family reunification, workforce development
programs, job placement and community transition. As the strategic
real estate partner in this mission-critical initiative,
Alexandria catalyzed the vision
for and led the design and development of the 4.3-acre, 59,000 RSF
campus in Dayton, Ohio, aimed at
revolutionizing the way addiction is treated. Alexandria and Verily subsequently brought in
Kettering Health Network, Premier Health, state and local
government and numerous community organizations. Since opening its
Outpatient Clinic in the fall of 2019 and its Crisis Stabilization
Unit in the winter of 2020, OneFifteen's integrated, evidence-based
care model has served more than 1,500 patients and carried out more
than 2,000 virtual visits. In September
2020, Alexandria delivered
OneFifteen Living, a three-story residential housing facility that
serves as a safe place for patients to live as they access
on-campus treatment services.
"We are profoundly grateful to the Alexandria team for their outstanding work in
leading the vision for and creating the OneFifteen campus,
including the recent delivery of OneFifteen Living, which is an
integral component to the success of our comprehensive model of
care," said Marti Taylor, president
and CEO of OneFifteen. "We would not exist today without
Alexandria's passionate and
meaningful vision and support of our mission to help people
live healthy, addiction-free lives. It is an honor and privilege to
work with an organization that is wholly dedicated to helping
tackle the opioid epidemic and revitalizing our local
communities."
As overdose deaths rise dramatically against the backdrop of the
COVID-19 pandemic, Alexandria is
committed to addressing this public health crisis and developing
effective, scalable solutions that address it. It is Alexandria's hope that OneFifteen's
groundbreaking, evidence-based, comprehensive treatment strategy
will drive superior health outcomes and serve as a model of
recovery for the rest of the country to replicate.
Empowering Students Through Educational Opportunities That
Build Foundations and Pave Paths for Long-Term Success
Alexandria is deeply committed
to driving educational opportunities and providing the support and
resources needed to build the foundations for underprivileged
students to succeed and become engaged, leading members of society.
Understanding that education is one of the most fundamental
foundations for a safe, healthy and good life and essential for
opportunity and economic mobility, Alexandria has forged deep partnerships in its
communities with highly impactful organizations that provide
holistic educational resources to underserved populations.
In Durham, North Carolina,
Alexandria works closely with the
Emily Krzyzewski Center, a non-profit organization that paves a
path to success in higher education for academically focused,
low-income K–12 students. Through programs that build and
accelerate students' scholastic skills, the center has supported
exceptional achievement throughout the students' years in high
school and higher education and in their careers. Students receive
holistic support that encompasses academic skills development,
personal management and leadership training, college planning and
career exploration. Of those who have completed Emily K's Scholars
to College program, 100% are accepted to college each year.
"Alexandria's immense support
of the Emily K Center has had a significant and positive impact on
the lives of countless students in our programs," said Mike "Coach
K" Krzyzewski, founder of the Emily K Center and head coach of
Duke Men's Basketball. "Since
joining the Center's Board of Directors in 2018, Joel has been a
tremendous asset in helping us optimize and expand our programming,
which now serves more than 2,000 students annually. We are grateful
to work alongside partners like Joel and Alexandria who share our mission of propelling
academically focused students from low-income backgrounds toward
success in college."
Alexandria, through its
long-term, hands-on partnership with Computer Science for All
(CS4ALL), is helping ensure that all of New York City's 1.1 million public school
students, 72.8% of whom are considered low income, have access to
high-quality computer science coursework throughout their K–12
education.
"As both a founding and sustaining donor to CS4ALL, Alexandria has been an integral part of the
program's success since its launch in 2015," said Fred Wilson, founder, chair emeritus and
vice-chair of CS4ALL and partner at Union Square Ventures.
"Alexandria shares our belief that
STEM education not only ensures a new generation of great
innovators and problem solvers, but also that it is integral to
preparing young people for academic success, the 21st-century job
market and beyond. We are grateful to Alexandria for their passionate support of the
CS4ALL initiative and working alongside them to provide computer
science education to our public school students."
During this historic time marked by a global pandemic, an
exacerbated opioid crisis, expanding poverty and widening
educational disparities, the significance of Alexandria's vision and commitment to advance
human health and improve the quality of people's lives in its
communities has never been more relevant and more important.
Alexandria continues to pioneer
innovative, mission-driven solutions and partner with leading local
and national non-profit organizations, medical research
institutions, municipalities, dedicated partners, tenants and team
members to drive scientific and technological breakthroughs that
are key to advancing life-changing treatments for the world's most
devastating diseases, enhancing underserved communities, heavily
investing in educational resources to empower the next generation
of innovators, and contributing to a more constructive and
prosperous society for all.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P
500® urban office REIT, is the first, longest-tenured
and pioneering owner, operator and developer uniquely focused on
collaborative life science, technology and agtech campuses in AAA
innovation cluster locations, with a total market capitalization of
$27.7 billion as of June 30, 2020, and an asset base in North America of 43.0 million SF. The asset
base in North America includes
28.8 million RSF of operating properties and 2.3 million RSF of
Class A properties undergoing construction, 6.6 million RSF of
near-term and intermediate-term development and redevelopment
projects and 5.3 million SF of future development projects. Founded
in 1994, Alexandria pioneered this
niche and has since established a significant market presence in
key locations, including Greater
Boston, the San Francisco Bay
Area, New York City,
San Diego, Seattle, Maryland and Research Triangle. Alexandria has a longstanding and proven track
record of developing Class A properties clustered in urban life
science, technology and agtech 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,
technology and agtech 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 the potential impacts of the
COVID-19 pandemic, including its exacerbation of the opioid crisis,
the potential effectiveness of any treatment approach to the opioid
crisis or addiction, and effectiveness or performance of
Alexandria's socially responsible
initiatives, programs, policies, practices and investments. 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. 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 the company's forward-looking statements,
and risks and uncertainties to the company's business in general,
please refer to the company'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, Vice President – Corporate Communications,
(626) 788-5578, skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.