Alexandria Real Estate Equities, Inc
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Alexandria Real Estate Equities, Inc is a real estate investment trust (REIT) engaged in the ownership, operation, management, selective development, redevelopment and acquisition of life science properties -- offices and laboratories. That is, real estate devoted biology -- the life science. They own more than 160 properties in ten states, and 5 more properties in Canada -- a total of 12 million square feet of leasable space.
Alexandria Real Estate Equities Specializes in Biology-Related Properties
Because of the nature of biological research and production, it needs specialized equipment and infrastructure. So Alexandria Real Estate's properties are especially designed to be leased out to institutional, pharmaceutical, biotechnology, medical device, life science product, serivce and translational medical entities, including government agencies and universities. They are the largest owner and cluster developer of such properties.
Alexandria Real Estate Equities is listed on the New York Stock Exchange under the ticker symbol ARE. The current chairman, CEO and director is Joel S. Marcus. It is listed in the S&P 400. Most of their properties are in areas with active life science industries -- North Carolina's Research Triangle, San Francisco Bay area, San Diego, Seattle, Washington D.C. and Boston. Their corporate headquarters are in Pasadena California.
Alexandria Real Estate Equities, Inc is a REIT that specializes in a field that may have ups and downs but is bound to grow overall into the future.
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