Alexandria Venture Investments, the #1 most active corporate investor in biopharma and the #5 most active U.S. investor in agrifoodtech, accelerates its mission-critical investment activity in highly disruptive leading-edge companies driving solutions to combat climate change and advance human health
PASADENA, Calif., Jan. 28, 2022 /PRNewswire/ — Alexandria Venture Investments, the strategic venture capital platform of 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 commitments to innovative investments focused on developing groundbreaking technologies to mitigate the effects of climate change exceeded $100 million for 2021. Alexandria Venture Investments has been actively investing in innovative climate technology companies for over a decade as part of its strategic investments in disruptive companies that are developing transformative technologies and platforms to meaningfully advance human health. In an acceleration of its mission-critical investment efforts in the climate technology sector, Alexandria is increasingly focusing on investing across audaciously impactful areas where it has a competitive advantage and deep sector expertise, including agrifoodtech, the decarbonization of construction and the built environment, and sustainable manufacturing solutions, such as nature-based substitutes and synthetic biology production techniques.
"With our first investment in the climate innovation sector in 2009, Alexandria has long recognized the immense potential of this important sector to transform the way we manage our climate-driven environment, secure a sustainable food supply chain, mitigate exposure to environmental hazards, advance human health and improve quality of life," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. and founder and head of Alexandria Venture Investments. "Society stands at a pivotal moment, as the effects of climate change continue to cause more frequent extreme-weather events and increase the risk of coastal flooding, putting lives and properties at risk as well as increasing the viability and spread of vector-borne diseases. Several countries are substantially and disproportionately contaminating our planet with unnecessary carbon emissions. According to a recent McKinsey report, annual clean energy investment would need to triple to more than $6 trillion in order to reach net-zero emissions by 2050. Driven by this mission-critical and time-sensitive imperative, climate innovation has become a significant component of our Alexandria Venture Investments strategy."
This mission-critical and growing unmet need also represents an unprecedented investment opportunity today, as the International Energy Agency (IEA) estimates that by 2050, half of the reductions in carbon emissions will be attributed to technologies that are currently in their demonstration or prototype phase. Alexandria remains steadfast in its commitment to tackle climate change by investing in technologies and providing essential infrastructure for climate innovation companies, reducing carbon emissions associated with the construction and operations of its assets and mitigating climate-related risk in its real estate asset base that currently exceeds 60 million square feet in North America.
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 $38.6 billion as of September 30, 2021, and an asset base in North America of 63.9 million SF. The asset base in North America includes 38.7 million RSF of operating properties and 4.3 million RSF of Class A properties undergoing construction, 8.9 million RSF of near-term and intermediate-term development and redevelopment projects and 12.0 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 the likelihood of continued investment activity by the Alexandria Venture Investments platform and the potential impacts of such investments on Alexandria's business and the companies in which it invests and the broader life science, agrifoodtech, climate change and technology industries; and the success of Alexandria's mission to advance human health and its climate change goals of reducing carbon emissions and mitigating climate-related risk. 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: Sara Cohen, Executive Director – Strategic Operations, (626) 788-5584, scohen@are.com
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SOURCE Alexandria Real Estate Equities, Inc.
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