Alexandria Real Estate (ARE) Prices 6.6M Common Share Offering

Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today the pricing of its public offering of 6,600,000 shares of common stock at a price of $73.50 per share, upsized from an originally sized offering of 6,000,000 shares. BofA Merrill Lynch, Citigroup, and J.P. Morgan acted as joint book-running managers; RBS and Scotiabank acted as co-lead managers; and Baird, BB&T Capital Markets, BNY Mellon Capital Markets, LLC, Capital One Southcoast, Credit Agricole CIB, Credit Suisse, Evercore Partners, Mitsubishi UFJ Securities, SMBC Nikko, and SunTrust Robinson Humphrey acted as co-managers in connection with the public offering. Alexandria Real Estate Equities, Inc. has granted the underwriters a thirty-day option to purchase up to 990,000 additional shares. The offering is expected to close on or about May 17, 2013, subject to customary closing conditions.

The Company intends to initially use the net proceeds from this offering to reduce the outstanding balance on its unsecured senior line of credit. The Company may then borrow from time to time under its unsecured senior line of credit to fund the selective development or redevelopment of life science properties, to fund property acquisitions, to repay other debt, or for general working capital and other corporate purposes.

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