Is Alexandria Real Estate Equities a Buy?
09-Aug-2021 12:00:24 | Yahoo Sports
Alexandria Real Estate Equities (NYSE: ARE) has attracted a lot of attention as the pandemic has worn on, serving as the landlord for many of the companies at the leading edge of combatting the virus. In fact, the list of its 20 largest leaseholders reads like a who's who of biotech, including vaccine makers Moderna and Pfizer, along with Bristol Myers Squibb, Eli Lilly, Novartis, Roche, Merck, Massachusetts Institute of Technology, the U.S. government, and interestingly enough, Uber and Facebook. ARE has been around since 1994, when it started off with a few buildings in San Diego and, from the beginning, relied on a cluster model to create office campuses near high-end academic institutions and other talent pools.
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