Joel S. Marcus,
executive chairman and founder of Alexandria, will be honored among the
esteemed group of business, community and government leaders,
together with a number of Congressional Medal of Honor recipients,
who will break ground at the future museum site
PASADENA, Calif., March 24,
2022 /PRNewswire/ -- Alexandria Real Estate Equities,
Inc. (NYSE: ARE), an urban office REIT and the first,
longest-tenured and pioneering owner, operator and
developer uniquely focused on collaborative life science,
agtech and technology campuses in AAA innovation cluster locations,
today announced that its executive chairman and founder,
Joel S. Marcus, will be honored
at the National Medal of Honor Museum Foundation's
groundbreaking ceremony in Arlington,
Texas, on Friday, March 25,
2022, to commemorate the historic mission-critical milestone
in the development of the national museum. Representing
Alexandria at the ceremony, Mr.
Marcus, who serves on the board of directors of the National Medal
of Honor Museum Foundation, will join other foundation board
members, major museum donors, government officials and 15 Medal of
Honor recipients to commemorate the foundation's remarkable
progress toward its goal to build a permanent home for a new
national museum in Arlington,
Texas. The events will be livestreamed for the public to
watch.
"Alexandria is deeply proud to
support the National Medal of Honor Museum, and we share its
steadfast commitment to honor the heroic legacies of those who have
received our nation's highest award for valor in combat. As we
break ground on this meaningful project, I take great pride in
being honored at this historic ceremony alongside this important
group of Medal of Honor recipients, fellow board members, executive
leadership and key supporters of the foundation who have helped
make this mission-critical effort a reality," said Mr. Marcus.
"This momentous occasion will move the museum one step closer to a
permanent home where the stories of these brave Americans will be
brought to life. In the words of John
Quincy Adams, 'If your actions inspire others to dream more,
learn more, do more and become more, you are a leader.' Our Medal
of Honor recipients have that ability, and it is our duty to
preserve their stories; to pass along to future generations
invaluable lessons in leadership, sacrifice and service to a cause
greater than oneself; and to celebrate ordinary Americans doing
extraordinary things to preserve our cherished freedoms."
"It is an honor and privilege to work with partners like Joel
and Alexandria, whose tireless
efforts, support and generosity have been integral to our mission
to commemorate the stories of our Medal of Honor recipients, unite
Americans around what it means to be patriotic and inspire us to
find the hero within ourselves," said Christopher J. Cassidy, president and chief
executive officer of the National Medal of Honor Museum Foundation.
"Joel's leadership and passion continue to help us realize our
collective goal to honor the country's Medal of Honor recipients
with a national museum, and we are proud to have him stand with us
as we witness the culmination of our work so far and embark on an
exciting new phase in the museum's development."
In October 2019, the foundation
concluded a nationwide search for the best place to build this
historic museum. The city of Arlington in Texas was selected due in part to its volume
of annual visitors and central location in the United States, which has a 5-acre lot
located between the AT&T Stadium and the Globe Life Field.
Funded principally through donations from the private sector, the
foundation has raised $165 million
toward its $215 million fundraising
goal for the museum, which is slated to begin welcoming visitors in
2024.
As a critical part of its mission, the museum will also include
an education center to inspire our nation's young people with the
stories of Medal of Honor recipients. In concert with the
Congressional Medal of Honor Society, the museum will offer a
robust educational component for school-age children across the
country, to be made available at the museum and virtually. Designed
by teachers, the Character Development Program will provide
students with opportunities to explore the concepts of principled
leadership, courage, honor, sacrifice and patriotism.
Additionally, the foundation will also erect a Monument in
Washington, D.C., near the
National Mall and endow academic programs through the formation of
the Leadership Institute. The institute will create an academic
curriculum to convey the museum's lessons of courage to children to
apply in their everyday life. It will also develop a separate
curriculum to inspire scholars, diplomats, corporate executives and
others to foster an understanding of the essential elements of
character-driven leadership and teach the values exemplified by
Medal of Honor recipients.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P
500® urban office REIT, is the first, longest-tenured
and pioneering owner, operator and developer uniquely focused on
collaborative life science, agtech and technology campuses in AAA
innovation cluster locations, with a total market capitalization of
$44.0 billion as of December 31, 2021, and an asset base in
North America of 67.0 million SF.
The asset base in North America
includes 38.8 million RSF of operating properties and 4.8 million
RSF of Class A properties undergoing construction, 8.7 million RSF
of near-term and intermediate-term development and redevelopment
projects, and 14.7 million SF of future development projects.
Founded in 1994, Alexandria
pioneered this niche and has since established a significant market
presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San
Diego, Seattle,
Maryland and Research Triangle.
Alexandria has a longstanding and
proven track record of developing Class A properties clustered in
urban 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,
agtech 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.
About the National Medal of Honor Museum
The National Medal of Honor Museum, Monument and Leadership
Institute will inspire Americans by honoring and preserving the
history of the highest military decoration awarded for valor in
combat. Serving as a national landmark — and located in America's
heartland in Arlington, Texas —
the Museum will provide an unrivaled visitor experience and
illustrate the historical thread of sacrifice, patriotism and
courage that runs through all U.S. military service members, past
and present. Beyond its state-of-the-art, interactive experiences,
a critical part of the Museum's mission will be to use the stories
of Medal of Honor recipients to inspire their fellow Americans and
motivate them to be their best selves. A National Monument in
Washington, D.C., will commemorate
the service and sacrifice of the bravest and most decorated members
of the U.S. Armed Forces. To be located in the nation's capital, it
will give all Americans the opportunity to reflect on the courage
and patriotism that safeguard freedom and democracy. For more
information please visit the National Medal of Honor
Museum website or follow
on Facebook, Twitter and Instagram.
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 the expected opening date of the
National Medal of Honor Museum. These forward-looking statements
are based on the Company'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 the Company'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 the Company
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 the
Company's forward-looking statements, and risks and uncertainties
to the Company's business in general, please refer to the Company'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, Senior Director –
Communications, (646) 939-7471, cmulligan@are.com
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SOURCE Alexandria Real Estate Equities, Inc.