ALEXANDRIA REAL ESTATE EQUITIES, INC. PASADENA, Calif., Sept. 22, 2021 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, today announced that OneFifteen—an innovative non-profit healthcare ecosystem dedicated to the full and sustained recovery of opioid addiction—received an honorable mention in Fast Company's prestigious 2021 Innovation by Design Awards in its new Impact category, which recognizes designs that have a major cultural or social impact. OneFifteen's distinction by Fast Company acknowledges Alexandria's work to advance effective, scalable solutions to address the opioid crisis, one of the most pervasive public health emergencies in our nation's history. OneFifteen's comprehensive approach to addiction care has already had a tremendous, positive impact on the local Dayton community. Its campus stands as a source of hope for the future in addressing the enormity and urgency of the opioid crisis, which claimed more than 95,000 lives in the United States in the 12 months ended February 2021, and reversing the devastation it has caused to countless individuals, families and communities across the country.
The Innovation by Design Awards, now in its 10th year, recognizes people, teams and companies that transform businesses, organizations and society through design. One of the most sought-after design awards in its industry, Innovation by Design is the only competition to honor creative work at the intersection of design, business and innovation.
The conceptualization of OneFifteen began in 2017 when Alexandria forged a partnership with Verily, an Alphabet company, and pioneered a holistic campus environment in Dayton, Ohio—the U.S. city with the highest death rate from drug overdose in 2017— with a vision to reverse the trajectory of the U.S. opioid epidemic. The personalized, evidence-based care model embodied in OneFifteen supports patients' wellness, recovery and reintegration into society and holds the potential to revolutionize the way addiction is treated.
Alexandria, which also served as OneFifteen's strategic real estate partner, led the design and development of the 4.3-acre, 59,000 RSF campus as a safe connected ecosystem to improve lives and revitalize community. It also engaged local companies Champlin Architecture, MKSK Studios and Danis, and involved Hplex Solutions, as well as many other community stakeholders, to bring this important endeavor to fruition.
"We are extremely honored to receive this recognition from Fast Company, which underscores our mission-critical collaboration with Verily to help people overcome opioid addiction through a unique, comprehensive program and ultimately help the nation solve its opioid crisis," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments. "Well before the COVID pandemic, our nation was grappling with the devastating opioid epidemic, which only intensified in the last year and a half as overdoses from opioids increased nearly 30% amid the pandemic compared with the year before. Our passion and commitment to help people live healthy, addiction-free lives has never been greater—these people are our friends, they are our neighbors, they are our family. It is our sincerest hope that OneFifteen's groundbreaking model will serve as a blueprint for the rest of the country and play a meaningful role in helping to eradicate the opioid epidemic."
Guiding the design philosophy for the campus was a vision shared by Alexandria and Verily to address the often unmet needs of people in recovery. The state-of-the-art campus houses a full continuum of care with dedicated facilities and services for crisis stabilization, medication-assisted treatment, residential housing, peer support, family reunification, workforce development, job placement and community transition. A curved walkway connects all the thoughtfully curated spaces, experiences and elements of the OneFifteen campus in a design that acknowledges the typically nonlinear and continual process of recovery. Alexandria and its partners took a forward-looking design approach to support the mental health and well-being of its residents and patients. The campus features ample natural light, a fitness center, a meditation room and outdoor green space, and it integrates elements of sustainability and biophilia to promote a sense of belonging and calm, especially important for those whose substance-use disorder stems from trauma.
Since opening its outpatient clinic in the fall of 2019 and its crisis stabilization unit in early 2020, OneFifteen has treated over 3,500 patients and conducted more than 9,000 telehealth visits during the COVID-19 pandemic. With patients welcomed earlier this year to OneFifteen Living, the campus's residential housing component, OneFifteen now provides a fully activated place of recovery for people to live while they access on-campus treatment services and prepare to reintegrate into society.
OneFifteen was selected by a panel of judges that included renowned designers from a variety of disciplines, business leaders from some of the most innovative companies in the world, as well as writers and editors from Fast Company. Entries were judged on the key ingredients of innovation: functionality, originality, beauty, sustainability, user insight, cultural impact and business impact. Fast Company's 2021 Innovation by Design honorees are featured online and in the October issue of Fast Company magazine, on newsstands September 28, 2021.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® urban office REIT, is the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, with a total market capitalization of $36.3 billion as of June 30, 2021, and an asset base in North America of 58.1 million SF. The asset base in North America includes 36.7 million RSF of operating properties and 3.4 million RSF of Class A properties undergoing construction, 7.7 million RSF of near-term and intermediate-term development and redevelopment projects and 10.3 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, the San Francisco Bay Area, 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, agtech and 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, agtech 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 additional information on Alexandria, please visit www.are.com.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Stephanie Mehta. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with its sister publication, Inc., and can be found online at fastcompany.com.
Alexandria's 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 the potential impacts of the OneFifteen campus on the opioid crisis, exacerbation of the opioid crisis due to the COVID-19 pandemic, and the potential effectiveness of any treatment approach to the opioid crisis or addiction. 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. 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 the Company's forward-looking statements, and risks and uncertainties to the Company's business in general, please refer to the Company'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: Courtney Mulligan, Senior Director – Communications, (646) 939-7471, cmulligan@are.com
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