Alexandria Real Estate Equities, Inc. (NYSE:ARE) Q3 2023 Earnings Call Transcript

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Wes Golladay: Fantastic. And a quick follow-up. Are you seeing any – I guess pent-up demand to get into some of these mega campuses where they’ve been fully occupied for years and do you have a little bit of tenant churn? And do you have any situations where multiple tenants are going to the space?

Joel Marcus: The answer to that is yes. And but that tends to be more like Cambridge-centric. Maybe our San Carlos campus, not quite a mega campus yet. It’s about 600,000 feet, but to grow much larger. So, Alexandria Center for Life Science in York City is another example. So, yes, some places we see that there are multiple tenants we’re having to kind of juggle.

Wes Golladay: Thanks for paying attention to.

Joel Marcus: Yeah.

Operator: This will conclude our question and answer session. At this time, I’d like to turn the conference back over to Mr. Marcus for any closing remarks.

Joel Marcus: Okay, thank you very much for taking time to listen. And god bless everybody.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.

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