Alexandria Real Estate Equities: This real estate investment company invests in medical science facilities, such as labs and scientific research. The company will acquire a property or building, renovate and lease it out to scientific research companies or Universities. It will also rent its space out to many different not for profit organizations and government agencies who need the space temporarily. Alexandria Real estate equities are based in Pasadena California, but have real estate holdings in many different states as well as Canada.
Alexandria Real estate equities, as of 2006 had 159 properties, 156 all around the United States and 3 in Canada. The company was founded in 1993, and employs 142 people. Alexandria Real estate equities is currently traded on the New York Stock Exchange as ARE, and a current stock is worth $ 74.79 (Jan 7th/2011) Alexandria Real estate equities is a paramount real estate investment trust that is one of the biggest in the USA, and hopes to expand throughout 2011,2012
Alexandria Real estate equities hold a large amount of square feet of rentable space, in which it turns a profit on, the current worth of Alexandria Real estate equities is estimated at aprox $ 4,138.83 million dollars (Jan 7th/2011) giving it the biggest market share in the industry.
Alexandria Real estate equities does not have to pay federal taxes, since 100% of the companies taxable income is distributed to its shareholders, making an REIT a good way to create an income, without the extra cost of federal taxes. This is the policy of all real estate investment trusts.
Alexandria Real estate equity is at a low risk for an audit, and is highly recommended for compensation. This makes it a stock that is of interest to many shareholders and investors. The medical field is growing and expanding every year, this makes a medial REIT a good financial choice for your investment dollars.
Alexandria Real estate equity is run by CEO Joel S Marcus, who makes aprox $892,000 per calendar year. The company also employs a CFO and board members who help make any financial or management decision, for the company.
Alexandria Real estate equities have long term clients and tenants who make up the bulk of the companies rental income. Alexandria Real estate equities is actively looking for new acquisitions, The building or property must be in an urban area, must be a medical facility or able to be made into one, it must also be within budget and in a good state of repair, although that is the requirement for an acquisition the company will look into any property of interest. Any acquisition that the company makes will be looked over by the companies CFO and board members, making every acquisition a company decision.
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