Alexandria Real Estate Equities Inc NYSEARE an SP 500R urban office real estate investment trust REIT is the first longesttenured and pioneering owner operator and developer uniquely focused on collaborative life science technology and agtech campuses in AAA innovation cluster locations with a total market capitalization of 319 billion as of December 31 2020 and an asset base in North America of 497 million squARE feet SF The asset base in North America includes 319 million RSF of operating properties and 33 million RSF of Class A properties undergoing construction 71 million RSF of nearterm and intermediateterm development and redevelopment projects and 74 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 San Francisco 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 technology and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain worldclass talent and inspire productivity efficiency creativity and success Alexandria also provides strategic capital to transformative life science technology and agtech companies through our venture capital platform We believe our unique business model and diligent underwriting ensure a highquality and diverse tenant base that results in higher occupancy levels longer lease terms higher rental income higher returns and greater longterm asset value