Alexandria Real Estate Equities, Inc. Accelerates Commitment to Advancing the Development of Novel, Safe and Effective Psychiatric Medicines to Address the Devastating and Pervasive Mental Health Crisis

Suicide deaths in the United States reached a record high in 2022, according to CDC data, underscoring the need to swiftly act to reduce the stigma around mental illness, increase access to care and treatment and reverse the rise in these preventable deaths

PASADENA, Calif., Aug. 16, 2023 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science, agtech and advanced technology campuses in AAA innovation cluster locations, is at the vanguard of the life science ecosystem that is committed to accelerating and advancing the development of much-needed therapies to more effectively treat mental health disorders and to raising awareness of the unprecedented mental health crisis that is affecting people of all ages and backgrounds. Alexandria's eighth social responsibility pillar, a prioritized focus for 2023–2024, is addressing this widespread crisis by leveraging the company's impactful thought leadership platform and longstanding relationships within the life science and healthcare communities to drive forward actionable solutions aimed at meaningfully improving the lives of the over 57 million adults and nearly 8 million youth living with a mental illness in the United States. Further, in 2022 suicide deaths in the United States reached an all-time high of nearly 49,500, according to recently released provisional data from the Centers for Disease Control and Prevention (CDC). There is immense need and potential to transform the way mental health conditions are treated and understood, and the work of Alexandria's tenants, venture investment companies and the broader life science industry is critical to reversing the trajectory of one of the country's most complex public health challenges.

"The mental health crisis in this country is continuing to skyrocket, and the latest suicide data reported by the CDC reinforces why we cannot stand idly by and must take immediate action," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments. "Our nation has also been grappling with the ongoing opioid epidemic, which similarly drove us to act in 2017, when we forged a partnership with Verily to pioneer OneFifteen, a data-driven comprehensive care model for treating addiction. We remain unwavering in our commitment to helping people on their personal path to sustained recovery, and this dedication extends to helping people with mental illnesses get the support and care they need, just as we would with any other disease. These people are our family, our friends, our colleagues, and it is imperative that our national public health agenda promote comprehensive access to affordable and high-quality behavioral health care and that we continue to pursue the next generation of innovative psychiatric medicines to benefit society."

Alexandria established its highly collaborative, neutral thought leadership platform in 2011 with the goal to drive impactful solutions to the most important issues around human health. The advances cultivated by this unique platform over the last 12 years have had a profound influence on many fields, including oncology, neuroscience and infectious diseases, and now the company is focused on mental health and addiction in the face of staggering social and economic impact on our country. In February 2023, Alexandria convened a mission-critical Healthcare Policy Forum on Mental Health in partnership with former congressman Patrick J. Kennedy and The Kennedy Forum. The interactive forum catalyzed transformative conversations around major challenges and new approaches for treating mental illnesses, as well as ways to normalize the national dialogue on mental health and addiction and increase access to care and treatment.

To build on the momentum of Alexandria's mental health policy forum, the company has assembled a working group dedicated to advancing the development of more effective targeted therapies for mental health disorders, with an emphasis on depression. This highly curated group consists of influential life science thought leaders with decades of experience across biopharma, government, academia, medicine, non-profits and venture capital. Alexandria is proud to partner with this esteemed group to drive forward medical innovations to create better outcomes for patients with mental illnesses and explore opportunities for public-private partnerships aimed at targeting the treatment of depression in a more personalized and precise way.

About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500^® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative life science, agtech and advanced technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and Research Triangle. The trusted partner to approximately 825 tenants, Alexandria has a total market capitalization of $30.6 billion and an asset base in North America of 74.9 million SF as of June 30, 2023, which includes 41.1 million RSF of operating properties and 5.3 million RSF of Class A/A+ properties undergoing construction, 9.4 million RSF of near-term and intermediate-term development and redevelopment projects and 19.1 million SF of future development projects. Alexandria has a longstanding and proven track record of developing Class A/A+ properties clustered in life science, agtech and advanced 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, agrifoodtech, climate innovation 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 more 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 social responsibility initiatives, practices, investments and progress, the likelihood of continued support, investment and partnership by Alexandria and the potential impacts of such activities on Alexandria's business and tenants, the companies and non-profit organizations in which Alexandria invests or with which Alexandria has strategic relationships, therapies for mental health disorders and the country's mental health crisis. These forward-looking statements are based on Alexandria'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 Alexandria'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 Alexandria 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 Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria'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 Kabakoff, Senior Vice President – Chief Content Officer, (626) 788-5578, [email protected]

SOURCE Alexandria Real Estate Equities, Inc.