Alexandria Real Estate Equity – GuruFocus.com
DURHAM, NC, May 16, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), a city office REIT and the first, longest-serving and pioneering owner, operator and developer to uniquely focus on collaborative life science, Agtech and Technology campus in AAA innovation focused cluster locations is deeply committed to advancing educational opportunities and providing the support and resources needed to develop students’ talents, inspire them to act with character and purpose, they to prepare for college, achieve academic and professional success, and fulfill their leadership potential. to understand that education is one of the most fundamental foundations for a safe, healthy and productive life, Alexandria has forged strong community partnerships with high-impact nonprofit organizations that provide holistic educational resources to underserved populations, such as: Emily Krzyzewski center. located in Durham, North Carolina ¾ where Alexandria has been at the forefront of developing and expanding the Research Triangle’s thriving life sciences and agtech ecosystems for over two decades .
“We’re honored to partner with groundbreaking organizations like the Emily K Center, and we’re incredibly proud of the work we’ve done together to help underrepresented students cultivate their ambition and potential as committed, principled members of society – who really change the course of their lives through education,” said Joel S Marcus, Chairman and Founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments, and board member of the Emily K Center. “By we underserved durham Providing students with unique educational programs in incredibly practical and impactful ways, the center plays a critical role in developing the next generation of great innovators and effective leaders who have good moral character, a strong work ethic, integrity and the ability to inspire these traits with others.”
Since the center opened in 2006, nearly 100% of graduates from the Scholars-to-College program have been admitted to college, demonstrating the truly impactful work of the non-profit organization in the field durham community. in the November 2021In response to increasing demand for its programs, the Emily K Center opened its new 7,500-square-foot building extension, for the Alexandria The continued significant support was key. With 50% more classroom space, new high-tech classrooms, and dedicated one-to-one counseling rooms, the new space is changing how the nonprofit organization engages in supporting the growing number of students accessing its programs, helping them complete their studies and Career goals.
“It is an honor and a privilege to work with partners like Joel and Co Alexandriawhose incredible support and generosity have been instrumental in enabling the Emily K Center to fulfill our mission of building on the academic, professional and leadership potential of students who are traditionally underrepresented in higher education,” said Mike “Coach K” Krzyzewski, Founder and Board of Directors Chairman of the Emily K Center and former head coach of duke Men’s Basketball (1980–2022). “Since joining the Center’s board of directors in 2018, Joel’s leadership and enthusiastic support have been invaluable in helping us achieve our goal of optimizing and expanding our space and programs, which currently serve more than 2,000 students serve in the center durham area every year. We are grateful for our partnership and long-term partnership with Alexandriawhose contributions have and will continue to have a significant positive impact on the lives of thousands of students.”
Alexandria aligns every aspect of its mission-driven business and visionary corporate social responsibility efforts to advance human health and improve people’s quality of life. The company strategically partners with and supports leading regional and national non-profit organizations to create long-term, scalable solutions to society’s most pressing challenges. In addition to the company’s long-standing efforts to address disparities in educational opportunities, Alexandria The pillars of social responsibility aim to address disease and other human health threats, hunger and food insecurity, opioid addiction, deficiencies in support services for the military and their families, homelessness and mental health, with a focus on children living with coping with suicide losses.
For more information about the Emily K Center, visit EmilyK.org.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® urban office REIT, is the first, longest-serving and pioneering owner, operator and developer with a unique focus on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, with a total market capitalization of $42.8 billion and an asset base in North America from 74.2 million SF March 31, 2022. The asset base in North America includes RSF 41.9 million of operating properties and RSF 5.4 million of Class A properties under construction, RSF 10.4 million of short- and medium-term development and rehabilitation projects, and RSF 16.5 million of future developments. founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations including Greater Bostonthe Bay area of San Francisco, NYC, San Diego, Seattle, Maryland and research triangle. Alexandria has a long and proven track record of developing Class A properties located in urban life science, agtech and technology campuses that offer our innovative tenants highly dynamic and collaborative environments that enhance their ability to be world class -Successfully recruit and retain 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 careful underwriting ensure a high quality and diverse tenant base that translates into higher occupancy, longer lease terms, higher rental income, higher returns and greater long-term asset value. More information about Alexandriaplease visit www.are.com.
This press release contains “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 relating to Alexandria Business model and the impact of its social responsibility initiatives on educational inequality and the advancement of human health. These forward-looking statements are based on the Company’s current intentions, beliefs or expectations, but the occurrence of any forward-looking statements is not guaranteed and may not occur. Actual results could differ materially from those expressed or implied by the Company’s forward-looking statements due to a variety of factors, including, but not limited to, the risks and uncertainties discussed 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 information on 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 related to the Company’s business generally, please see the Company’s filings at the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q.
CONTACT:Courtney MulliganAssistant Vice President—Strategic Projects & Corporate Social Responsibility, (646) 939-7471, [email protected]
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