Alexandria Real Estate Equities, Inc. ARE announced today that the underwriters of its recent public
offering of 5,500,000 shares of common stock have partially exercised their over-allotment option to purchase an additional 750,651 shares of common stock, bringing the total net proceeds to approximately $452 million, after
payment of underwriting discounts and commissions. Under the terms of the offering, Alexandria Real Estate Equities, Inc. had granted the underwriters a thirty-day option to purchase up to 825,000 additional shares to cover over-allotments, if any. The closing of the over-allotment option is expected to occur on May 11, 2011.
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