Suicide deaths in the United States reached a record high in
2022, according to CDC data, underscoring the need to swiftly act
to reduce the stigma around mental illness, increase access to care
and treatment and reverse the rise in these preventable
deaths
PASADENA, Calif., Aug. 16,
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 advanced technology campuses in AAA innovation
cluster locations, is at the vanguard of the life science ecosystem
that is committed to accelerating and advancing the development of
much-needed therapies to more effectively treat mental health
disorders and to raising awareness of the unprecedented mental
health crisis that is affecting people of all ages and backgrounds.
Alexandria's eighth social
responsibility pillar, a prioritized focus for 2023–2024, is
addressing this widespread crisis by leveraging the company's
impactful thought leadership platform and longstanding
relationships within the life science and healthcare communities to
drive forward actionable solutions aimed at meaningfully improving
the lives of the over 57 million adults and nearly 8 million youth
living with a mental illness in the
United States. Further, in 2022 suicide deaths in
the United States reached an
all-time high of nearly 49,500, according to recently released
provisional data from the Centers for Disease Control and
Prevention (CDC). There is immense need and potential to transform
the way mental health conditions are treated and understood, and
the work of Alexandria's tenants,
venture investment companies and the broader life science industry
is critical to reversing the trajectory of one of the country's
most complex public health challenges.
![(PRNewsfoto/Alexandria Real Estate Equities, Inc.) (PRNewsfoto/Alexandria Real Estate Equities, Inc.)](https://mma.prnewswire.com/media/1930628/Alexandria_Real_Estate_Equities_Logo_v1.jpg)
"The mental health crisis in this country is continuing to
skyrocket, and the latest suicide data reported by the CDC
reinforces why we cannot stand idly by and must take immediate
action," said Joel S. Marcus,
executive chairman and founder of Alexandria Real Estate Equities,
Inc. and Alexandria Venture Investments. "Our nation has also been
grappling with the ongoing opioid epidemic, which similarly drove
us to act in 2017, when we forged a partnership with Verily to
pioneer OneFifteen, a data-driven comprehensive care model for
treating addiction. We remain unwavering in our commitment to
helping people on their personal path to sustained recovery, and
this dedication extends to helping people with mental illnesses get
the support and care they need, just as we would with any other
disease. These people are our family, our friends, our colleagues,
and it is imperative that our national public health agenda promote
comprehensive access to affordable and high-quality behavioral
health care and that we continue to pursue the next generation of
innovative psychiatric medicines to benefit society."
Alexandria established its
highly collaborative, neutral thought leadership platform in 2011
with the goal to drive impactful solutions to the most important
issues around human health. The advances cultivated by this unique
platform over the last 12 years have had a profound influence on
many fields, including oncology, neuroscience and infectious
diseases, and now the company is focused on mental health and
addiction in the face of staggering social and economic impact on
our country. In February 2023,
Alexandria convened a
mission-critical Healthcare Policy Forum on Mental Health in
partnership with former congressman Patrick
J. Kennedy and The Kennedy Forum. The interactive forum
catalyzed transformative conversations around major challenges and
new approaches for treating mental illnesses, as well as ways to
normalize the national dialogue on mental health and addiction and
increase access to care and treatment.
To build on the momentum of Alexandria's mental health policy forum, the
company has assembled a working group dedicated to advancing the
development of more effective targeted therapies for mental health
disorders, with an emphasis on depression. This highly curated
group consists of influential life science thought leaders with
decades of experience across biopharma, government, academia,
medicine, non-profits and venture capital. Alexandria is proud to partner with this
esteemed group to drive forward medical innovations to create
better outcomes for patients with mental illnesses and explore
opportunities for public-private partnerships aimed at targeting
the treatment of depression in a more personalized and precise
way.
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
our founding in 1994, Alexandria
is the preeminent and longest-tenured owner, operator and developer
of collaborative life science, agtech and advanced 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 825 tenants, Alexandria has a total market capitalization
of $30.6 billion and an asset base in
North America of 74.9 million SF
as of June 30, 2023, which includes
41.1 million RSF of operating properties and 5.3 million RSF of
Class A/A+ properties undergoing construction, 9.4 million RSF of
near-term and intermediate-term development and redevelopment
projects and 19.1 million SF of future development projects.
Alexandria has a longstanding and
proven track record of developing Class A/A+ properties clustered
in life science, agtech and advanced 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 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
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,
therapies for mental health disorders and the country's mental
health 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: Sara Kabakoff, Senior Vice
President – Chief Content Officer, (626) 788-5578,
skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.