NEW YORK, Feb. 27, 2023 /PRNewswire/ — Alexandria Actual Property Equities, Inc. (NYSE: ARE), the primary, preeminent, longest-tenured and pioneering proprietor, operator and developer of collaborative life science, agtech and expertise campuses in AAA innovation cluster areas with roughly 1,000 tenants, is profoundly dedicated to driving ahead modern options to deal with the quickly rising psychological well being disaster via its multifaceted enterprise platform constructed on the muse of its 4 key verticals of actual property, enterprise investments, company duty and thought management. With an unmatched asset base in North America of almost 75 million SF, Alexandria’s state-of-the-art R&D services, coupled with its deeply skilled Labspace® administration and operations, allow its tenants to develop new, novel therapies, medicines and cures throughout a spread of ailments and issues, together with psychiatric and neurological ailments resembling despair, bipolar dysfunction and schizophrenia. It has additionally been figuring out and investing in life science firms which can be making a major optimistic affect on individuals residing with psychological health-related issues via Alexandria Enterprise Investments, the corporate’s strategic enterprise capital platform, for over 25 years.
“Our nation is within the midst of a devastating and pervasive psychological well being disaster that we have to meaningfully deal with,” stated Jenna Foger, senior vice chairman of science and expertise at Alexandria Actual Property Equities, Inc. and Alexandria Enterprise Investments. “Psychological well being is crucial not solely to the vitality of every particular person human but additionally to the well being and security of our communities total. Since my time as a former bench scientist at The Rockefeller College researching the biomolecular underpinnings of a spread of neurodegenerative and psychiatric issues, I’ve at all times been motivated by the immense potential to remodel the way in which we deal with and in the end treatment these critical well being challenges. Constructing upon Alexandria’s almost three many years of dedication to its deeply impactful social duty pillars and thought management initiatives, we’re steadfast in figuring out and partnering with modern life science firms throughout our ecosystems to assist deal with the nation’s psychological well being epidemic.”
Alexandria’s eighth social duty pillar, established in 2021, goals to deal with the nation’s quickly rising psychological well being and suicide disaster. As a result of ongoing burden of psychological diseases, extreme issues, most notably dependancy and suicide, have been rising amongst adults. Amid a disaster that impacts all People, army personnel and veterans expertise psychological well being considerations at larger charges. Practically 1 in 4 active-duty members confirmed indicators of a psychological well being situation, based on a 2014 research in JAMA Psychiatry, and veterans confronted a suicide charge almost 60% larger than non-veteran adults, based on the 2022 Nationwide Veteran Suicide Prevention Annual Report issued by the U.S. Division of Veterans Affairs. Dedicated to making sure that our nationwide heroes, together with their households, obtain the instruments they should reside productive and completely satisfied lives, Alexandria has been an lively supporter of the Navy SEAL Basis (NSF) for over a decade, and its government chairman and founder, Joel S. Marcus, has served on the muse’s board since 2018. The muse offers specialised applications geared toward addressing the distinctive bodily and psychological well being considerations of the SEAL neighborhood and their households. NSF additionally maintains connections to medical psychologists and entry to cutting-edge remedy modalities, and it brazenly addresses suicide prevention via its Entire Warrior Well being Boards.
Alexandria continues to strengthen its strategic relationships with non-profit organizations and convene key stakeholders from its world-class community to assist advance groundbreaking medical innovation to remodel the lives of the over 50 million individuals residing with a psychological sickness in the US. As a part of Alexandria’s extremely impactful thought management platform, the corporate lately offered a well timed dialog on the state of psychological well being in America with former congressman Patrick J. Kennedy, one of many world’s main voices and policymakers on psychological well being, on the Galien Discussion board USA 2022. Tomorrow, on February 28, 2023, Alexandria will maintain a mission-critical Healthcare Coverage Discussion board on Psychological Well being, in partnership with Patrick Kennedy and The Kennedy Discussion board, to discover crucial points geared toward accelerating new and modern options to fight this unprecedented disaster whereas additional normalizing conversations round psychological well being and dependancy in order that the stigma now not prevents people from looking for assist.
About Alexandria Actual Property Equities, Inc.
Alexandria Actual Property Equities, Inc. (NYSE: ARE), an S&P 500® firm, is a best-in-class, mission-driven life science REIT making a optimistic and lasting affect on the world. Because the pioneer of the life science actual property area of interest since its founding in 1994, Alexandria is the preeminent and longest-tenured proprietor, operator and developer of collaborative life science, agtech and expertise campuses in AAA innovation cluster areas, together with Higher Boston, the San Francisco Bay Space, New York Metropolis, San Diego, Seattle, Maryland and Analysis Triangle. The trusted companion to roughly 1,000 tenants, Alexandria has a complete market capitalization of $35.0 billion and an asset base in North America of 74.6 million SF as of December 31, 2022, which incorporates 41.8 million RSF of working properties and 5.6 million RSF of Class A properties present process development, 9.9 million RSF of near-term and intermediate-term improvement and redevelopment initiatives and 17.3 million SF of future improvement initiatives. Alexandria has a longstanding and confirmed monitor document of creating Class A properties clustered in life science, agtech and expertise campuses that present our modern tenants with extremely dynamic and collaborative environments that improve their means to efficiently recruit and retain world-class expertise and encourage productiveness, effectivity, creativity and success. Alexandria additionally offers strategic capital to transformative life science, agrifoodtech, local weather innovation and expertise firms via our enterprise capital platform. We imagine our distinctive enterprise mannequin and diligent underwriting guarantee a high-quality and numerous tenant base that leads to larger occupancy ranges, longer lease phrases, larger rental revenue, larger returns and larger long-term asset worth. For extra data on Alexandria, please go to www.are.com.
This press launch contains “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. Such forward-looking statements embody, with out limitation, statements relating to Alexandria’s social duty initiatives, practices, investments and progress, the probability of continued assist, funding and partnership by Alexandria and the potential impacts of such actions on Alexandria’s enterprise and tenants, the businesses and non-profit organizations by which Alexandria invests or with which Alexandria has strategic relationships and the nation’s psychological well being and suicide disaster. These forward-looking statements are primarily based on Alexandria’s current intent, beliefs or expectations, however forward-looking statements will not be assured to happen and should not happen. Precise outcomes might differ materially from these contained in or implied by Alexandria’s forward-looking statements because of quite a lot of components, together with, with out limitation, the dangers and uncertainties detailed in its filings with the Securities and Change Fee. All forward-looking statements are made as of the date of this press launch, and Alexandria assumes no obligation to replace this data. For extra dialogue regarding dangers and uncertainties that might trigger precise outcomes to vary materially from these anticipated in Alexandria’s forward-looking statements, and dangers and uncertainties to Alexandria’s enterprise on the whole, please consult with Alexandria’s filings with the Securities and Change Fee, together with its most up-to-date annual report on Type 10-Ok and any subsequently filed quarterly reviews on Type 10-Q.
CONTACT: Courtney Mulligan, Assistant Vice President – Strategic Initiatives & Company Social Accountability, (646) 939-7471, [email protected]
SOURCE Alexandria Actual Property Equities, Inc.