PASADENA, Calif., Feb. 14,
2023 /PRNewswire/ -- Alexandria Venture Investments,
the strategic venture capital platform of Alexandria Real Estate
Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured
and pioneering owner, operator and developer of collaborative life
science, agtech and technology campuses in AAA innovation cluster
locations with approximately 1,000 tenants and an asset base in
North America of over 74 million
SF, today announced that it was ranked by AgFunder as one of the
top five most active U.S.-based investors in agrifoodtech for the
third consecutive year. This noteworthy recognition, which is based
on the number of companies in which Alexandria invested in 2022, highlights the
company's continued leadership within the agrifoodtech industry and
its deep commitment to supporting cutting-edge companies that are
accelerating and scaling transformative technological innovations
to ensure a more nutritious, accessible, resilient and economically
viable global food supply as well as to mitigate the impacts of
climate change — endeavors that are vital to effecting lasting
change that will improve nutrition to advance human health.
Alexandria's highly focused
agrifoodtech investing continues to provide keen insights into
sector-wide trends, deepen its relationships with influential
ecosystem stakeholders and further enhance its REIT
industry-leading client base of high-quality and diverse tenants.
For more than two decades, Alexandria has developed and operated
state-of-the-art R&D and greenhouse infrastructure and actively
invested in impactful agrifoodtech companies that are advancing
novel approaches that have immense potential to address pressing
societal issues around sustainability, agriculture, food and
nutrition.
"Macro challenges, such as a changing climate, aggressive
geopolitics and decades of unsustainable farming practices,
continue to adversely impact our food supply and therefore our
health, creating a massive opportunity for innovative agrifoodtech
solutions, such as the development of climate-resilient crops and
more sustainable protein sources," said Blake Stevens, PhD, vice president of science
and technology at Alexandria Real Estate Equities, Inc. and
Alexandria Venture Investments. "Like never before, consumers
are demanding transparency and action to combat these global
concerns. Alexandria is proud to
lead the way in identifying and supporting new technologies,
especially those at the intersection of climate, agriculture and
food, that will vastly improve the way we live, what we eat and how
we work and, in turn, help fulfill our overall mission to advance
human health."
Venture capital investment in the agrifoodtech sector
skyrocketed with more than $130
billion invested over the five-year period from 2017 to
2021, compared with only $30 billion
over the previous five years. Additionally, preliminary data for
2022 is tracking to be the second-highest funding year on record as
investors continue to recognize the broad opportunities for
disruption in this mission-critical industry. In the face of having
to meet the nutritional needs of the world's growing population and
address pressing sustainability and climate issues, developing and
adopting new strategies and technologies is imperative to help
solve these complex and far-reaching challenges. Alexandria Venture
Investments' agrifoodtech investments are focused on driving
innovation across a range of emerging technologies, including
data-driven artificial intelligence and machine learning, synthetic
biology, gene editing, robotics and sustainable protein production,
which are poised to dramatically redefine traditional agricultural
practices while creating a more secure, healthier and productive
global food system to benefit society for the long term.
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 since its
founding in 1994, Alexandria is
the preeminent and longest-tenured owner, operator and developer of
collaborative life science, agtech and technology campuses in AAA
innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San
Diego, Seattle,
Maryland and Research Triangle.
The trusted partner to approximately 1,000 tenants, Alexandria has a total market capitalization
of $35.0 billion and an asset base in
North America of 74.6 million SF
as of December 31, 2022, which
includes 41.8 million RSF of operating properties and 5.6 million
RSF of Class A properties undergoing construction, 9.9 million RSF
of near-term and intermediate-term development and redevelopment
projects and 17.3 million SF of future development projects.
Alexandria has a longstanding and
proven track record of developing Class A properties clustered in
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,
agrifoodtech, climate innovation 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
Alexandria Real Estate Equities, Inc., the potential impacts of
such investments on Alexandria's
business and the companies in which Alexandria invests, the current and future
development and effectiveness of agrifoodtech and the impact of
such agrifoodtech on climate change and other societal issues, such
as sustainability, agriculture, food and nutrition. 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, Vice President –
Strategic Communications, (626) 788-5578, skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.