DURHAM,
N.C., May 16, 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, is
deeply committed to driving educational opportunities and providing
the support and resources needed to develop students' talents,
inspire them to act with character and purpose, prepare them to
attend college, achieve academic and career success and reach their
leadership potential. Understanding that education is one of the
most fundamental foundations for a safe, healthy and productive
life, Alexandria has forged deep
partnerships in its communities with highly impactful non-profit
organizations that offer holistic educational resources to
underserved populations, such as the
Emily Krzyzewski Center. Located in
Durham, North Carolina ¾ where
Alexandria has been at the
forefront of developing and expanding the thriving Research
Triangle life science and agtech ecosystems for over two decades ¾
the Emily K Center provides underserved and underrepresented
students from elementary school through college with a suite of
distinct educational programs designed to help them hone their
academic and leadership skills, plan for and pursue higher
education, explore and secure promising careers post-graduation and
ultimately give back to their communities.
"We are humbled to work alongside game-changing organizations
like the Emily K Center, and we are incredibly proud of the work we
have done together to help underrepresented students cultivate
their ambitions and maximize their potential as engaged, principled
members of society ¾ truly changing the course of their lives
through education," said Joel S.
Marcus, executive chairman and founder of Alexandria Real
Estate Equities, Inc. and Alexandria Venture Investments and board
member of the Emily K Center. "By providing underserved
Durham students with unique
educational programs in an incredibly hands-on and impactful way,
the center fills a critical role in developing the community's 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 in others."
Since the center opened in 2006, nearly 100% of the graduates
from its Scholars to College program have been accepted to college,
underscoring the non-profit's truly impactful work in the
Durham community. In November 2021, in response to increasing demand
for its programs, the Emily K Center opened its new 7,500 square
foot building expansion, for which Alexandria's ongoing significant support was
pivotal. With 50% more classroom space, new high-tech classrooms
and dedicated one-on-one advising rooms, the new space is
transforming the ways the non-profit engages and supports the
growing number of students accessing its programs and helps them
accomplish their college and career goals.
"It is an honor and privilege to work with partners like Joel
and Alexandria, whose incredible
support and generosity have been instrumental in helping the Emily
K Center fulfill our mission to build on the academic, career and
leadership potential of students who are traditionally
underrepresented in higher education," said Mike "Coach K"
Krzyzewski, founder and board chair 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 realize our goal to optimize and
expand our space and programming, which currently serves more than
2,000 students in the Durham area
each year. We are grateful for our collaborative and long-term
partnership with Alexandria, whose
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 enhance the
quality of people's lives. The company strategically partners with
and supports leading regional and national non-profit organizations
to create long-term, scalable solutions to the most pressing
societal challenges. In addition to the company's longstanding
efforts to tackle disparities in educational opportunities,
Alexandria's bedrock social
responsibility pillars aim to address disease and other
threats to human health, 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 coping with suicide loss.
For more information on the Emily K Center, please 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-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 $42.8
billion and an asset base in North
America of 74.2 million SF as of March 31, 2022. The asset base in North America includes 41.9 million RSF of
operating properties and 5.4 million RSF of Class A properties
undergoing construction, 10.4 million RSF of near-term and
intermediate-term development and redevelopment projects and 16.5
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.
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 business model and the impact of
its social responsibility initiatives on disparities in education
and the advancement of human health. 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,
Assistant Vice President – Strategic Projects & Corporate
Social Responsibility, (646) 939-7471, cmulligan@are.com
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SOURCE Alexandria Real Estate Equities, Inc.