Alexandria Sees Trump Admin Bolstering Biotech, Stays Focused On Megacampus Strategy

Alexandria Real Estate Equities neared its disposition target to end 2024 as part of its effort to focus on its most promising properties as it navigates a sluggish leasing market and supply glut. 

The company sold $1.1B worth of assets in the fourth quarter, just shy of the $1.2B target it sought to streamline its portfolio. ARE has focused on what it calls megacampuses to combat soft market fundamentals, but executives during an earnings call Tuesday sounded hopeful for the future. 

Going forward, ARE is “laser-focused leasing spaces that are coming back to us, and for rollovers this year, making very good progress,” Chairman Joel Marcus said during the call...