We provide high-quality laboratory  facilities, services and capital to the broad  and diverse life science sector. Alexandria’s  national operating platform is based on the principle of “clustering” with assets and operations strategically located in key life science hub markets.  Alexandria Real Estate Equities, Inc.  (ARE:NYSE) is the pre-eminent real estate  investment trust focused principally on the ownership, operation, management,  acquisition, expansion and redevelopment  and selective development of properties  containing office/laboratory space, a niche  which we pioneered. Alexandria has an  outstanding almost eight-year track record  as an NYSE listed company with an  approximate $2.85 billion total market  capitalization as of December 31, 2004. 