Alexandria Real Estate Equities, Inc. (NYSE:ARE), with a total market capitalization of approximately $9 billion as of March 31, 2014, and an asset base of 31.2 million RSF, including 17.7 million RSF of operating and current value-creation projects, as well as an additional 13.5 million RSF in future ground-up development projects, is the largest and leading REIT uniquely focused on Class A collaborative science and technology campuses in urban innovation clusters. Alexandria pioneered this niche in 1994 and has since established a dominant market presence in AAA locations including Greater Boston, the San Francisco Bay Area, New York City, Seattle, San Diego, Maryland, and Research Triangle Park. Alexandria is known for its high-quality and diverse client tenant base. As the Landlord of Choice to the Life Science Industry®, approximately 52% of Alexandria’s total ABR results from investment-grade client tenants (an industry-leading percentage). Alexandria has a longstanding and proven track record of developing Class A assets clustered in urban collaborative science and technology campuses that provide its client tenants with a highly collaborative, 24/7, live/work/play environment, as well as the critical ability to successfully recruit and retain best-in-class talent. We believe these advantages result in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
Peter M. Moglia has served as Chief Investment Officer since January 2009, and has been with the Company serving in a number of capacities since April 1998. From April 2003 through 2008, Mr. Moglia was responsible for the management of the Company’s Seattle asset base and operations. From 1998 to 2003, Mr. Moglia’s responsibilities were focused on underwriting, acquisitions, and due diligence activities. Prior to joining the Company, Mr. Moglia served as an Analyst for Lennar Partners, Inc., a diversified real estate company, where his responsibilities included underwriting and structuring direct and joint venture real estate investments. Mr. Moglia began his real estate career in the Management Advisory Services group within the E&Y Kenneth Leventhal Real Estate Group, Ernst & Young, LLP where he spent six years providing valuation, feasibility, financial modeling, and other analytical services to a number of real estate developers, financial institutions, pension funds, and government agencies. Mr. Moglia received his Bachelor of Arts degree in Economics from the University of California at Los Angeles.
Executive Vice President - Regional Market Director
Thomas J. Andrews has served as Executive Vice President – Regional Market Director – Greater Boston, since January 2011. Mr. Andrews previously served as Senior Vice President – Regional Market Director – Greater Boston from December 2005 to January 2011, and as Vice President – Regional Market Director – Greater Boston from June 1999 to December 2005. Throughout his tenure with Alexandria, Mr. Andrews has been responsible for the management of the Company’s Greater Boston asset base and operations. From 1988 through 1999, Mr. Andrews served first as Assistant Director and later as Executive Director of the Massachusetts Biotechnology Research Park in Worcester, Massachusetts, believed to be the first purpose-built biotechnology research park in the country. Mr. Andrews serves on the board of directors of the Massachusetts chapter of NAIOP and of the Kendall Square Association, and is a member of the Economic Development Advisory Group of Massachusetts Biotechnology Council. Mr. Andrews received his Master of Science degree from the Center for Real Estate at the Massachusetts Institute of Technology and his Bachelor of Science degree from Cornell University.
Chief Operating Officer & Regional Market Director
Stephen A. Richardson has served as Chief Operating Officer and Regional Market Director – San Francisco Bay Area since October 2011. Mr. Richardson previously served as the Company’s Executive Vice President/Regional Market Director – San Francisco Bay Area from January 2011 to October 2011, and Senior Vice President/Regional Market Director – San Francisco Bay Area from July 2005 to January 2011, where he was responsible for the management of the Company’s San Francisco Bay Area region asset base and operations. From February 2000 to January 2011, Mr. Richardson served the Company as a Vice President. Prior to joining the Company, Mr. Richardson served as a Director of CellNet Data Systems from 1993 to 2000, where he was responsible for negotiating large-scale technology transactions and aggregating a national footprint of wireless spectrum. From 1983 to 1993, Mr. Richardson served as a Director of Marketing and Leasing of Paragon Group, a national real estate development company and as real estate broker with Schneider Commercial Real Estate, serving the greater Silicon Valley market. Mr. Richardson is a member of the board of directors of BayBio, a non-profit trade association serving the life science industry in Northern California, a member of the California Healthcare Institute, a public policy research and advocacy organization for California’s biomedical industry, and a member of the Bay Area Council, a business-sponsored, public policy advocacy organization for the nine-county San Francisco Bay Area. Mr. Richardson received his Master of Business Administration degree from Santa Clara University and his Bachelor of Arts degree in Economics and Literature from Claremont McKenna College.
Executive Vice President - Regional Market Director & Strategic Operations
Daniel J. Ryan has served as Executive Vice President – Regional Market Director – San Diego and Strategic Operations since May 2012. Mr. Ryan previously served as the Company’s Senior Vice President – Regional Market Director – San Diego and Strategic Operations from June 2010, when the Company acquired certain assets of Mr. Ryan’s company, Veralliance Properties, Inc. (Veralliance). During his tenure with the Company, Mr. Ryan has been responsible for the management of the Company’s San Diego region asset base and operations, as well as involvement with developments, redevelopments, ventures, financing, leasing, and other strategic opportunities outside the San Diego region. Prior to joining the Company, Mr. Ryan was Chief Executive Officer of Veralliance, a commercial real estate developer, which he founded in 2002. Veralliance owned, managed, developed, and leased an approximately $1 billion portfolio primarily consisting of life science assets in the greater San Diego region. Veralliance had significant institutional equity partners, including HCP, Inc., Prudential Real Estate Investors, and UBS. Prior to 2002, Mr. Ryan worked in the commercial real estate industry in Southern California including his activities as a founding principal of Pacific Management Services, Inc. (Pacific), a commercial developer focused on value-added transactions in the greater San Diego area, including life science, office, industrial, and multi-family transactions. Mr. Ryan serves on the board of BIOCOM, a Southern California trade organization, an is a member of Urban Land Institute, a public policy organization focused on public advocacy of the built environment. Mr. Ryan received his Bachelor of Science degree in Economics, cum laude, from the University of Wisconsin – Madison and was admitted to Omicrom Delta Epsilon, the honor society for excellence in achievement in the study of economics.
John Cox is the Senior Vice President, Regional Market Director, Seattle for Alexandria Real Estate Equities, Inc. He earned his Bachelor of Arts degree in Business Administration with an emphasis in Finance from the University of Washington. With extensive experience as a leading life science real estate broker, Mr. Cox joined GVA Kidder Mathews in Seattle in 1985 and was the branch manager of their Bellevue office from 1999 - 2008. He has served on their Board of Directors since 2000. Over his 23-year career, Mr. Cox has completed commercial real estate transactions encompassing in excess of 5 million square feet with a transaction volume of over $1 billion. With a proven track record in overseeing extremely complex transactions as a specialist in the life science field, he has completed transactions in the greater Seattle market in excess of 1.4 million square feet. Mr. Cox has represented Alexandria since 1996 with respect to most of the Company's acquisitions in Seattle and has assisted in the procurement of many of Alexandria's valued client tenants. Mr. Cox's expertise as a relationship builder and skilled manager are demonstrated by his leadership role as both branch manager and member of the Board of Directors for GVA Kidder Mathews, and his extensive client list which includes such notable companies and institutions as Novo Nordisk, Icos (now Lilly), Corus Pharma (now Gilead Sciences), the Fred Hutchinson Cancer Research Center, and the Institute for Systems Biology.
Larry Diamond is Senior Vice President – Regional Market Director of the Maryland Region for Alexandria Real Estate Equities, Inc. In 1980, he earned a Bachelor of Science in Accounting / Business Administration from Frostburg State University. Mr. Diamond has 30 years of increased responsibilities in the real estate industry in the Montgomery County, Maryland market. He started his career as an accountant and worked with regional real estate companies throughout his career inclusive of ManorCare Health Services. He has expertise in all phases of property management, leasing, construction and development. In 1998, Mr. Diamond was employed by Alexandria Real Estate Equities, Inc. and opened the Mid-Atlantic regional office in Gaithersburg, Maryland. He is responsible for the Maryland, Virginia and Pennsylvania markets with a portfolio of approximately 3 million square feet of life science space plus strategic land development parcels.
Senior Vice President - Regional Market Director & Strategic Operations
John H. Cunningham is the Senior Vice President – Regional Market Director of the New York City cluster at Alexandria Real Estate Equities, Inc. Mr. Cunningham has more than 27 years of experience in real estate operations, leasing and development, and has completed over 4.5 million square feet of development projects, including numerous complex life science and specialized high-tech projects, large build-to-suits, and strategic properties. Prior to joining Alexandria, Mr. Cunningham was at Cambridge Property Group in the Washington, DC metropolitan area since 1987, where he became the President of the Development Group in 1995. While at Cambridge, Mr. Cunningham worked closely with Alexandria from 1997 to 2007, acting as a third-party developer on projects in the Mid-Atlantic region of the United States. In addition to operations, leasing, and development, Mr. Cunningham has extensive experience in acquisitions and dispositions of commercial real estate. Prior to Cambridge, Mr. Cunningham was the editor-in-chief of The Pro Review magazine, a publication for professional photographers. He also served as the Vice Chairman of the Board of Trustees for Loudoun Country Day School for six years, and has published four novels. Mr. Cunningham received his Bachelor of Arts in International Relations from the University of Maryland.
Chairman, Chief Executive
Joel S. Marcus
Joel S. Marcus is the Chairman, Chief Executive Officer, and Founder of Alexandria Real Estate Equities, Inc. (NYSE: ARE), the largest and leading real estate investment trust (REIT) focused on owning, operating, and developing high-quality, sustainable real estate for the broad and diverse life science industry. Mr. Marcus founded Alexandria in 1994 as a garage startup with a business plan and $19 million of seed capital, and has led its growth into a publicly traded, investment-grade REIT with a total market capitalization of approximately $9 billion. As the pioneer of the Labspace® niche, Alexandria has become the leading brand and dominant market presence in every major life science cluster, and has initiated the development of the world’s newest life science clusters including Mission Bay, San Francisco, and New York City. Mr. Marcus co-founded and leads Alexandria Venture Investments, the Company’s strategic venture arm, which has made over 250 investments at the cutting edge of groundbreaking discoveries in biopharmaceuticals, diagnostics, research tools, technology platforms, clinical candidates, medical devices, industrial biotechnology, and agricultural technologies. Mr. Marcus also co-founded the Alexandria Summit, an annual, invitation-only gathering of the world's foremost visionaries from the pharmaceutical and biotechnology industry, medical, academic, financial, philanthropic and advocacy groups, and government, to advance the most important health science issues. Prior to founding Alexandria, Mr. Marcus specialized in corporate finance and capital markets, venture capital, and mergers and acquisitions with special expertise in the biopharmaceutical industry. Mr. Marcus was formerly a practicing certified public accountant and tax manager with Arthur Young & Co. focusing on the financing and taxation of REITs. Mr. Marcus serves on the boards of Accelerator Corporation, of which he was one of the original architects and co-founders, Atara Biotherapeutics, CURE (Citizens United for Research in Epilepsy), Foundation for the National Institutes of Health (FNIH), Friends of Cancer Research, The Hamner Institutes for Health Sciences, Intra-Cellular Therapies, Inc. (NASDAQ: ITCI), Multiple Myeloma Research Foundation (MMRF), NYU Schack Institute of Real Estate, the Partnership for New York City, and Rexford Industrial Realty, Inc. (NYSE: REXR). Mr. Marcus received the Ernst & Young Entrepreneur of the Year Award (Los Angeles – Real Estate). He completed his undergraduate and Juris Doctor degrees at the University of California, Los Angeles.
Dean A. Shigenaga
Dean A. Shigenaga has served as Executive Vice President since May 2012, Treasurer since March 2008, Chief Financial Officer since December 2004, Senior Vice President from April 2007 to May 2012, Vice President and Acting Chief Financial Officer from August 2004 to December 2004, Vice President from July 2002 to August 2004, and Assistant Vice President from December 2000 to July 2002. Prior to joining the Company, Mr. Shigenaga was an Assurance and Advisory Business Services Manager in Ernst & Young LLP’s real estate practice. In his role at Ernst & Young LLP, from 1993 through 2000, Mr. Shigenaga provided assurance and advisory services to several publicly traded real estate investment trusts, over a dozen private real estate companies, and many other public and private companies. In addition to providing audit and attestation services, Mr. Shigenaga assisted clients with services related to initial public offerings, follow-on offerings, debt offerings, and technical research. Mr. Shigenaga is a certified public accountant and a member of the American Institute of Certified Public Accountants. Mr. Shigenaga received his Bachelor of Science degree in Accounting from the University of Southern California.