The Marcus(US:MCS) Prnewswire·2024-09-10 12:30Core Insights - Alexandria Real Estate Equities, Inc. is being recognized for its significant contributions to the life science real estate sector, with its executive chairman, Joel S. Marcus, receiving the inaugural Bisnow Life Sciences Icon & Influencer Award [1][2] - The company has transformed life science real estate into a mainstream asset class, with its tenants responsible for 50% of the approximately 500 novel FDA-approved therapies since 2013 [2] Company Overview - Alexandria Real Estate Equities, Inc. was co-founded in 1994 and is a leading owner, operator, and developer of collaborative mega campuses in key life science innovation locations [2][4] - As of June 30, 2024, the company has a market capitalization of $32.5 billion and an asset base that includes 42.1 million RSF of operating properties and 5.3 million RSF of Class A/A+ properties under construction [4] - The company focuses on creating dynamic environments that enhance tenant productivity and success, while also providing strategic capital to transformative life science companies [4][5] Industry Impact - Alexandria plays a pivotal role in creating life science ecosystems that foster innovation in new medicines, addressing the significant unmet medical needs with over 90% of known diseases lacking approved therapies [3] - The company is positioned at the forefront of the life science industry, which is a vital $5 trillion sector, and continues to drive growth through its Labspace® platform [3]