Pasadena, California, December 4, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) is the first, preeminent, longest-tenured and pioneer of a collaborative life sciences, agricultural technology and advanced technology mega campus located in the AAA Innovation Cluster. owner, operator, and developer. Today, the company’s Board of Directors announced the selection of: Sheila K. McGrath Appointed as an independent director. The Board also appointed Mr. McGrath to the Life Sciences, AgTech and Advanced Technology Committee and determined that he is an independent director pursuant to New York Stock Exchange listing standards and Securities and Exchange Commission rules. His term of office will run until the company’s 2024 annual general meeting.
“We are honored to welcome Sheila to our board of directors and leverage her deep experience in the commercial real estate industry,” he said. Joel S. Marcus, Executive Chairman and Founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments. “With her strong financial skills and nearly 30 years of experience as a prominent equity research analyst covering the REIT sector, Sheila will add significant value to the company. alexandria And for shareholders too. ”
Mr. McGrath served as a Senior Managing Director at Evercore ISI from 2012 to 2022 with responsibility for U.S. equity REITs, real estate management companies, and Mexican real estate investment vehicles (FIBRA). Prior to joining Evercore, he served as a Managing Director and Sector Head of a REIT. He studied at Keefe, Bruyette & Woods for five years and was a member of the company’s Research Review Committee and Leadership Committee. From 1994 to 2007, McGrath worked as an equity research analyst at several companies including Smith Smith and UBS, where he covered REITs and real estate management companies. She began her career as a commercial real estate appraiser, appraising a variety of commercial properties across most real estate sectors and conducting feasibility studies for new development projects.
In addition to our services, of alexandria Mr. McGrath is a director of Granite Point Mortgage Trust. She is an active member of Narate, currently serving on the Management Advisory Committee, the Real Estate Investment Advisory Committee, and previously served on the Best Financial Advisory Committee. Council of Practice. Ms. McGrath also serves on the advisory board of the Women’s Business Center at Rutgers Business School, of which she is a founding member. She earned a bachelor’s degree in economics. Lafayette College and a Master of Business Administration in Finance. rutgers university.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), S&P 500 stock® is a best-in-class, mission-driven life sciences REIT that makes a positive and lasting impact on the world. Since our founding in 1994, we have been a pioneer in the life science real estate niche field. alexandria is the preeminent, longest-tenured owner, operator, and developer of collaborative life sciences, agricultural technology, and advanced technology mega campuses located in the AAA Innovation Cluster. greater boston, San Francisco Bay Area, new york city, san diego, Seattle, maryland and the research triangle. alexandria The total market capitalization is $28.3 billion And the asset base is North America Currently 75.1 million SF September 30, 2023This includes 41.5 million RSF of operating real estate, 5.6 million RSF of Class A/A+ real estate under construction, 8.9 million RSF of short- and medium-term development and redevelopment projects, and 19.1 million RSF of future development projects. alexandria We have a long and proven track record of developing Class A/A+ properties concentrated in life sciences, agricultural technology, and advanced technology megacampuses, providing innovative tenants with a highly dynamic and collaborative environment, and providing world-class Strengthen your ability to successfully hire and retain class talent. Inspires productivity, efficiency, creativity and success. alexandria We also provide strategic capital to innovative life sciences, agri-food tech, climate change and technology companies through our venture capital platform. We believe that our unique business model and aggressive underwriting practices ensure a high-quality, diverse tenant base that results in higher occupancy rates, longer lease terms, higher rental income, higher revenues and We believe this will result in greater long-term asset value. For more information, alexandriavisit www.are.com.
Forward-looking statements
This press release contains “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 potential impact of the appointment of directors to the Company’s board of directors and expectations regarding the Company’s performance and success. These forward-looking statements are based on: of alexandria However, forward-looking statements cannot be guaranteed and may not be made based on current intentions, beliefs or expectations. Actual results may differ materially from those contained or implied herein. of alexandria Forward-looking statements are the result of a variety of factors, including, but not limited to, the risks and uncertainties detailed in our filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release. alexandria has no obligation to update this information. For a detailed discussion of risks and uncertainties that could cause actual results to differ materially from those anticipated, please refer to of alexandria Forward-looking statements, risks and uncertainties of alexandria Click here for general business information of alexandria Our filings with the Securities and Exchange Commission include our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q.
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SOURCE Alexandria Real Estate Equities, Inc.