PASADENA, Calif., Feb. 1, 2018 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, today announced that Joel S. Marcus, chairman, chief executive officer and founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments, has been appointed to the Navy SEAL Foundation board of directors, effective immediately.
"We are thrilled Joel has joined the Navy SEAL Foundation team," said Robin King, chief executive officer of the Navy SEAL Foundation. "Joel's selection to the board is a true testament to the positive contributions he has made to the SEAL and military communities through his tireless dedication to our mission to provide immediate and ongoing support and assistance to the Naval Special Warfare community and their families."
"Joel is a motivational leader who has a passion for helping ensure the Naval Special Warfare community continues to thrive," added retired Rear Admiral (SEAL) Garry Bonelli, chairman of the board of the Navy SEAL Foundation. "Joel brings a unique entrepreneurial perspective to our board, and we look forward to drawing on his strategic business insights."
"I am immensely honored and humbled to join the Navy SEAL Foundation board and to continue supporting the Foundation in its mission-critical efforts to ensure the U.S. Navy SEALs, the Naval Special Warfare community and their families have the support they need during times of both achievement and adversity," said Mr. Marcus. "At Alexandria, we share the organization's deep commitment to improving the health, safety and well-being of these national heroes."
Mr. Marcus has actively supported the Navy SEAL Foundation since 2010, including serving as the New York City Benefit Chairman in 2017. He brings to the Foundation his extensive strategic management and leadership experience and proven track record of operational excellence, as well as longstanding and significant relationships across the real estate, life science and technology industries. As a member of the Navy SEAL Foundation board, he will work with the Foundation's chief executive officer Robin King, its board of directors and Naval Special Warfare community leaders to provide programmatic and philanthropic support and guidance.
Mr. Marcus and Alexandria are committed to making a positive impact on the world, and this commitment to philanthropy and good citizenship drives the company's efforts in all aspects of its differentiated and multifaceted business model, as well as the pursuit of its mission to advance human health, solve global hunger and improve the quality of people's lives. Through Alexandria's four core verticals—real estate, venture investments, thought leadership and corporate responsibility—the company creates and supports collaborative campuses and vibrant ecosystems that enable the world's most innovative companies to develop life-changing scientific and technological breakthroughs. Alexandria's strategic corporate giving and community volunteerism efforts support impactful medical research organizations that promise the next generation of treatments for some of the world's most challenging diseases; fund science education programs that cultivate future scientific leaders; and back military service support groups that ensure the health, safety and well-being of the brave men and women who defend our nation and their families.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $17.9 billion and an asset base in North America of 29.6 million SF as of December 31, 2017. The asset base in North America includes 22.0 million RSF of operating properties, including 1.7 million RSF of development and redevelopment of new Class A properties currently undergoing construction. Additionally, the asset base in North America includes 7.6 million SF of future development projects, including 1.6 million SF of near-term projects undergoing marketing for lease and pre-construction activities and 3.8 million SF of intermediate-term 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 Park. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science and technology campuses that provide its 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 risk capital to transformative life science and technology companies through its venture capital arm. 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 additional information on Alexandria, please visit www.are.com.
CONTACT: Joel S. Marcus, Chief Executive Officer, Alexandria Real Estate Equities, Inc., (626) 578-9693
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SOURCE Alexandria Real Estate Equities, Inc.