PASADENA, Calif., Jan. 28, 2022 /PRNewswire/ -- Alexandria
Venture Investments, the strategic venture capital platform of
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office
REIT and the first, longest-tenured and pioneering owner, operator
and developer uniquely focused on collaborative life science,
agtech and technology campuses in AAA innovation cluster locations,
today announced that its commitments to innovative investments
focused on developing groundbreaking technologies to mitigate the
effects of climate change exceeded $100
million for 2021. Alexandria Venture Investments has been
actively investing in innovative climate technology companies for
over a decade as part of its strategic investments in disruptive
companies that are developing transformative technologies and
platforms to meaningfully advance human health. In an acceleration
of its mission-critical investment efforts in the climate
technology sector, Alexandria is
increasingly focusing on investing across audaciously impactful
areas where it has a competitive advantage and deep sector
expertise, including agrifoodtech, the decarbonization of
construction and the built environment, and sustainable
manufacturing solutions, such as nature-based substitutes and
synthetic biology production techniques.
"With our first investment in the climate innovation sector in
2009, Alexandria has long
recognized the immense potential of this important sector to
transform the way we manage our climate-driven environment, secure
a sustainable food supply chain, mitigate exposure to environmental
hazards, advance human health and improve quality of life," said
Joel S. Marcus, executive chairman
and founder of Alexandria Real Estate Equities, Inc. and founder
and head of Alexandria Venture Investments. "Society stands at a
pivotal moment, as the effects of climate change continue to cause
more frequent extreme-weather events and increase the risk of
coastal flooding, putting lives and properties at risk as well as
increasing the viability and spread of vector-borne diseases.
Several countries are substantially and disproportionately
contaminating our planet with unnecessary carbon emissions.
According to a recent McKinsey report, annual clean energy
investment would need to triple to more than $6 trillion in order to reach net-zero emissions
by 2050. Driven by this mission-critical and time-sensitive
imperative, climate innovation has become a significant component
of our Alexandria Venture Investments strategy."
This mission-critical and growing unmet need also represents an
unprecedented investment opportunity today, as the International
Energy Agency (IEA) estimates that by 2050, half of the reductions
in carbon emissions will be attributed to technologies that are
currently in their demonstration or prototype phase. Alexandria remains steadfast in its commitment
to tackle climate change by investing in technologies and providing
essential infrastructure for climate innovation companies, reducing
carbon emissions associated with the construction and operations of
its assets and mitigating climate-related risk in its real estate
asset base that currently exceeds 60 million square feet in
North America.
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, agtech and
technology campuses in AAA innovation cluster locations, with a
total market capitalization of $38.6
billion as of September 30, 2021, and an asset base in
North America of 63.9 million SF. The asset base in
North America includes 38.7
million RSF of operating properties and 4.3 million RSF of Class A
properties undergoing construction, 8.9 million RSF
of near-term and intermediate-term development and
redevelopment projects and 12.0 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, agtech and technology 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, agtech
and technology 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 additional
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 likelihood of continued
investment activity by the Alexandria Venture Investments platform
and the potential impacts of such investments on Alexandria's business and the companies in
which it invests and the broader life science, agrifoodtech,
climate change and technology industries; and the success of
Alexandria's mission to advance
human health and its climate change goals of reducing carbon
emissions and mitigating climate-related risk. These
forward-looking statements are based on the Company'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 the
Company'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 the Company 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
Cohen, Executive Director – Strategic Operations, (626)
788-5584, scohen@are.com
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SOURCE Alexandria Real Estate Equities, Inc.