NEW
YORK, Feb. 27, 2023 /PRNewswire/ -- 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, is
profoundly committed to driving forward innovative solutions to
address the rapidly growing mental health crisis through its
multifaceted business platform built on the foundation of its four
key verticals of real estate, venture investments, corporate
responsibility and thought leadership. With an unmatched asset
base in North America of nearly 75
million SF, Alexandria's
state-of-the-art R&D facilities, coupled with its deeply
experienced Labspace® management and operations, enable
its tenants to develop new, novel therapies, medicines and cures
across a range of diseases and disorders, including psychiatric and
neurological diseases such as depression, bipolar disorder and
schizophrenia. It has also been identifying and investing in life
science companies that are making a significant positive impact on
people living with mental health-related disorders through
Alexandria Venture Investments, the company's strategic venture
capital platform, for over 25 years.
"Our country is in the midst of a devastating and pervasive
mental health crisis that we need to meaningfully address,"
said Jenna Foger, senior vice
president of science and technology at Alexandria Real Estate
Equities, Inc. and Alexandria Venture Investments. "Mental health
is essential not only to the vitality of each individual human but
also to the health and safety of our communities overall. Since my
time as a former bench scientist at The
Rockefeller University researching the biomolecular
underpinnings of a range of neurodegenerative and psychiatric
disorders, I have always been motivated by the immense potential to
transform the way we treat and ultimately cure these serious health
challenges. Building upon Alexandria's nearly three decades of
dedication to its deeply impactful social responsibility pillars
and thought leadership initiatives, we are steadfast in identifying
and partnering with leading-edge life science companies across our
ecosystems to help address the nation's mental health
epidemic."
Alexandria's eighth social
responsibility pillar, established in 2021, aims to address the
country's rapidly growing mental health and suicide crisis. Due to
the ongoing burden of mental illnesses, severe complications, most
notably addiction and suicide, have been increasing among adults.
Amid a crisis that affects all Americans, military personnel and
veterans experience mental health concerns at higher rates. Nearly
1 in 4 active-duty members showed signs of a mental health
condition, according to a 2014 study in JAMA Psychiatry, and
veterans faced a suicide rate nearly 60% higher than non-veteran
adults, according to the 2022 National Veteran Suicide
Prevention Annual Report issued by the U.S. Department of
Veterans Affairs. Committed to ensuring that our national heroes,
along with their families, receive the tools they need to live
productive and happy lives, Alexandria has been an active supporter of the
Navy SEAL Foundation (NSF) for over a decade, and its executive
chairman and founder, Joel S.
Marcus, has served on the foundation's board since 2018. The
foundation provides specialized programs aimed at addressing the
unique physical and mental health concerns of the SEAL community
and their families. NSF also maintains connections to clinical
psychologists and access to cutting-edge treatment modalities, and
it openly addresses suicide prevention through its Whole Warrior
Health Forums.
Alexandria continues to strengthen its strategic
relationships with non-profit organizations and convene key
stakeholders from its world-class network to help advance
groundbreaking medical innovation to transform the lives of
the over 50 million people living with a mental illness in
the United States. As part of
Alexandria's highly impactful
thought leadership platform, the company recently presented a
timely conversation on the state of mental health in America with
former congressman Patrick J.
Kennedy, one of the world's leading voices and policymakers
on mental health, at the Galien Forum USA 2022. Tomorrow, on February 28, 2023, Alexandria will hold a mission-critical
Healthcare Policy Forum on Mental Health, in partnership with
Patrick Kennedy and The Kennedy
Forum, to explore critical issues aimed at accelerating new and
innovative solutions to combat this unprecedented crisis while
further normalizing conversations around mental health and
addiction so that the stigma no longer prevents individuals from
seeking help.
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 Alexandria's
social responsibility initiatives, practices, investments and
progress, the likelihood of continued support, investment and
partnership by Alexandria and the
potential impacts of such activities on Alexandria's business and tenants, the
companies and non-profit organizations in which Alexandria invests or with which Alexandria has strategic relationships and the
country's mental health and suicide crisis. 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: Courtney
Mulligan, Assistant Vice President – Strategic Projects
& Corporate Social Responsibility, (646)
939-7471, cmulligan@are.com
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SOURCE Alexandria Real Estate Equities, Inc.