Alexandria Real Estate Equities Announces Public Offering of Senior Notes Due 2022

Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that it is commencing an underwritten public offering, subject to market conditions, of senior notes due 2022. Goldman, Sachs & Co., J.P. Morgan Securities LLC, Citigroup, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mitsubishi UFJ Securities, RBC Capital Markets, RBS and Scotiabank will act as joint bookrunning managers in connection with the public offering. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., a wholly owned subsidiary of the Company.The Company intends to use the net proceeds from this offering to prepay the outstanding principal balance of $250 million of its unsecured term loan under its unsecured credit facility and to reduce the outstanding balance of its borrowings on its unsecured line of credit. The Company may also borrow from time to time under its unsecured line of credit to fund potential future acquisitions, to repay debt, or for general working capital and other corporate purposes, including the selective development or redevelopment of existing or new life science properties.