DURHAM, N.C., Might 16, 2022 /PRNewswire/ — Alexandria Actual Property Equities, Inc. (NYSE: ARE), an city workplace REIT and the primary, longest-tenured and pioneering proprietor, operator and developer uniquely targeted on collaborative life science, agtech and expertise campuses in AAA innovation cluster places, is deeply dedicated to driving instructional alternatives and offering the assist and sources wanted to develop college students’ abilities, encourage them to behave with character and function, put together them to attend school, obtain tutorial and profession success and attain their management potential. Understanding that schooling is without doubt one of the most elementary foundations for a secure, wholesome and productive life, Alexandria has cast deep partnerships in its communities with extremely impactful non-profit organizations that supply holistic instructional sources to underserved populations, such because the Emily Krzyzewski Heart. Situated in Durham, North Carolina ¾ the place Alexandria has been on the forefront of growing and increasing the thriving Analysis Triangle life science and agtech ecosystems for over 20 years ¾ the Emily Okay Heart gives underserved and underrepresented college students from elementary faculty by means of school with a set of distinct instructional applications designed to assist them hone their tutorial and management expertise, plan for and pursue greater schooling, discover and safe promising careers post-graduation and finally give again to their communities.
“We’re humbled to work alongside game-changing organizations just like the Emily Okay Heart, and we’re extremely happy with the work we’ve completed collectively to assist underrepresented college students domesticate their ambitions and maximize their potential as engaged, principled members of society ¾ actually altering the course of their lives by means of schooling,” stated Joel S. Marcus, govt chairman and founding father of Alexandria Actual Property Equities, Inc. and Alexandria Enterprise Investments and board member of the Emily Okay Heart. “By offering underserved Durham college students with distinctive instructional applications in an extremely hands-on and impactful manner, the middle fills a crucial position in growing the group’s subsequent era of nice innovators and efficient leaders who’ve good ethical character, a robust work ethic, integrity and the flexibility to encourage these traits in others.”
Because the heart opened in 2006, practically 100% of the graduates from its Students to Faculty program have been accepted to school, underscoring the non-profit’s actually impactful work within the Durham group. In November 2021, in response to growing demand for its applications, the Emily Okay Heart opened its new 7,500 sq. foot constructing growth, for which Alexandria’s ongoing important assist was pivotal. With 50% extra classroom house, new high-tech lecture rooms and devoted one-on-one advising rooms, the brand new house is remodeling the methods the non-profit engages and helps the rising variety of college students accessing its applications and helps them accomplish their school and profession objectives.
“It’s an honor and privilege to work with companions like Joel and Alexandria, whose unbelievable assist and generosity have been instrumental in serving to the Emily Okay Heart fulfill our mission to construct on the tutorial, profession and management potential of scholars who’re historically underrepresented in greater schooling,” stated Mike “Coach Okay” Krzyzewski, founder and board chair of the Emily Okay Heart and former head coach of Duke males’s basketball (1980–2022). “Since becoming a member of the middle’s board of administrators in 2018, Joel’s management and enthusiastic assist have been invaluable in serving to us notice our purpose to optimize and develop our house and programming, which at present serves greater than 2,000 college students within the Durham space every year. We’re grateful for our collaborative and long-term partnership with Alexandria, whose contributions have and can proceed to have a big optimistic influence on the lives of 1000’s of scholars.”
Alexandria aligns each side of its mission-driven enterprise and visionary company social accountability efforts to advance human well being and improve the standard of individuals’s lives. The corporate strategically companions with and helps main regional and nationwide non-profit organizations to create long-term, scalable options to essentially the most urgent societal challenges. Along with the corporate’s longstanding efforts to deal with disparities in instructional alternatives, Alexandria’s bedrock social accountability pillars goal to deal with illness and different threats to human well being, starvation and meals insecurity, opioid habit, deficiencies in assist companies for the navy and their households, homelessness, and psychological well being with a give attention to kids dealing with suicide loss.
For extra info on the Emily Okay Heart, please go to EmilyK.org.
About Alexandria Actual Property Equities, Inc.
Alexandria Actual Property Equities, Inc. (NYSE: ARE), an S&P 500® city workplace REIT, is the primary, longest-tenured and pioneering proprietor, operator and developer uniquely targeted on collaborative life science, agtech and expertise campuses in AAA innovation cluster places, with a complete 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 contains 41.9 million RSF of working properties and 5.4 million RSF of Class A properties present process development, 10.4 million RSF of near-term and intermediate-term growth and redevelopment tasks and 16.5 million SF of future growth tasks. Based in 1994, Alexandria pioneered this area of interest and has since established a big market presence in key places, together with Higher Boston, the San Francisco Bay Space, New York Metropolis, San Diego, Seattle, Maryland and Analysis Triangle. Alexandria has a longstanding and confirmed observe file of growing Class A properties clustered in city life science, agtech and expertise campuses that present our progressive tenants with extremely dynamic and collaborative environments that improve their means to efficiently recruit and retain world-class expertise and encourage productiveness, effectivity, creativity and success. Alexandria additionally gives strategic capital to transformative life science, agtech and expertise firms by means of our enterprise capital platform. We imagine our distinctive enterprise mannequin and diligent underwriting guarantee a high-quality and numerous tenant base that ends in greater occupancy ranges, longer lease phrases, greater rental revenue, greater returns and better long-term asset worth. For added info on Alexandria, please go to www.are.com.
This press launch contains “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Such forward-looking statements embrace, with out limitation, statements concerning Alexandria’s enterprise mannequin and the influence of its social accountability initiatives on disparities in schooling and the development of human well being. These forward-looking statements are based mostly on the Firm’s current intent, beliefs or expectations, however forward-looking statements should not assured to happen and will not happen. Precise outcomes could differ materially from these contained in or implied by the Firm’s forward-looking statements on account of quite a lot of elements, together with, with out limitation, the dangers and uncertainties detailed in its filings with the Securities and Trade Fee. All forward-looking statements are made as of the date of this press launch, and the Firm assumes no obligation to replace this info. For extra dialogue regarding dangers and uncertainties that would trigger precise outcomes to vary materially from these anticipated within the Firm’s forward-looking statements, and dangers and uncertainties to the Firm’s enterprise generally, please confer with the Firm’s filings with the Securities and Trade Fee, together with its most up-to-date annual report on Kind 10-Okay and any subsequently filed quarterly studies on Kind 10-Q.
CONTACT: Courtney Mulligan, Assistant Vice President – Strategic Initiatives & Company Social Accountability, (646) 939-7471, [email protected]
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