# EDGAR Filing Document

**Accession Number:** 0001035443
**File Stem:** 0001104659-23-009946
**Filing Date:** 2023-2
**Character Count:** 11458
**Document Hash:** 880f8eb4ecb0148726e31332d9f302e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-009946.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001104659-23-009946

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alexandria Real Estate Equities, L.P.
- **CENTRAL INDEX KEY:** 0001542693
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 954705259
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-251902-01
- **FILM NUMBER:** 23581850

**BUSINESS ADDRESS:**
- **STREET 1:** 26 NORTH EUCLID AVENUE
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101
- **BUSINESS PHONE:** 626-578-0777

**MAIL ADDRESS:**
- **STREET 1:** 26 NORTH EUCLID AVENUE
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALEXANDRIA REAL ESTATE EQUITIES, INC.
- **CENTRAL INDEX KEY:** 0001035443
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 954502084
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 26 NORTH EUCLID AVENUE
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101
- **BUSINESS PHONE:** 6265780777

**MAIL ADDRESS:**
- **STREET 1:** 26 NORTH EUCLID AVENUE
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALEXANDRIA REAL ESTATE EQUITIES INC
- **DATE OF NAME CHANGE:** 19970311

**Filed Pursuant to Rule 433<br> Issuer Free Writing Prospectus<br> Registration File Nos: 333-251902 and 333-251902-01**

**Alexandria Real Estate Equities, Inc.**

**Fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P.**

This pricing term sheet supplements Alexandria Real Estate Equities, Inc.'s preliminary prospectus supplement, dated February 2, 2023 (the "Preliminary Prospectus Supplement"), including the documents incorporated by reference therein, relating to this offering, and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement. In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus Supplement.

**Final Terms and Conditions Applicable to**

**$500,000,000 4.750% Senior Notes due 2035**

---

| | |
|:---|:---|
| **Issuer:** | Alexandria Real Estate Equities, Inc. |
| **Security Description:** | 4.750% Senior Notes due 2035 |
| **Guarantee/Guarantor:** | Fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. |
| **Expected Ratings:\*** | Moody's: Baa1 / S&P: BBB+ |
| **Size:** | $500000000 |
| **Maturity Date:** | April 15, 2035 |
| **Price to Public:** | 99.741% |
| **Interest Rate:** | 4.750% per annum |
| **Yield to Maturity:** | 4.777% |
| **Spread to Benchmark Treasury:** | T+137.5 basis points |
| **Benchmark Treasury:** | 4.125% due November 15, 2032 |
| **Benchmark Treasury Price and Yield:** | 105-31 / 3.402% |
| **Interest Payment Dates:** | Each April 15 and October 15, beginning on October 15, 2023 |
| **Optional Redemption:** | The redemption price for notes that are redeemed before January 15, 2035 (three months prior to the stated maturity date of the notes) will be equal to the sum of (i) 100% of the principal amount of the notes being redeemed, (ii) accrued and unpaid interest thereon, if any, to, but excluding, the date of redemption, and (iii) a make-whole amount of T+25 bps. |
|  | The redemption price for notes that are redeemed on or after January 15, 2035 will be equal to the sum of 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest thereon. |
| **Joint Book-Running Managers:** | Goldman Sachs & Co. LLC<br> BofA Securities, Inc.<br> Citigroup Global Markets Inc.<br> RBC Capital Markets, LLC |
|  | BBVA Securities Inc.<br> Capital One Securities, Inc.<br> Evercore Group L.L.C.<br> Mizuho Securities USA LLC<br> Regions Securities LLC<br> Scotia Capital (USA) Inc.<br> SMBC Nikko Securities America, Inc.<br> Truist Securities, Inc. |

---

---

| | |
|:---|:---|
| **Co-Managers:** | Barclays Capital Inc.<br> BMO Capital Markets Corp.<br> Fifth Third Securities, Inc.<br> Huntington Securities, Inc.<br> PNC Capital Markets LLC<br> TD Securities (USA) LLC<br> Samuel A. Ramirez & Company, Inc. |
| **CUSIP / ISIN:** | 015271 BA6 / US015271BA64 |
| **Denominations:** | $2,000 and integral multiples of $1,000 in excess thereof |
| **Trade Date:** | February 2, 2023 |
| **Settlement Date:** | February 16, 2023 (T+10)\*\* |

---

\* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

\*\* The Issuer expects that delivery of the notes will be made to investors on or about February 16, 2023, which will be the tenth business day following the date of the prospectus supplement (such settlement being referred to as "T+10"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of pricing of the notes or the next seven succeeding business days will be required, by virtue of the fact that the notes initially will settle in T+10, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement and should consult their own advisors.

The Issuer and the Guarantor have filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that the Issuer and the Guarantor have filed with the SEC for more complete information about the Issuer, the Guarantor and this offering.

You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, the Guarantor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying prospectus supplement if you request it by contacting: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, fax: 212-902-9316 or e-mail: prospectus-ny@ny.email.gs.com; BofA Securities, Inc., telephone: 1-800-294-1322; Citigroup Global Markets Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146 or e-mail: prospectus@citi.com; or RBC Capital Markets, LLC, toll free at 1-866-375-6829.

**Final Terms and Conditions Applicable to**

**$500,000,000 5.150% Senior Notes due 2053**

---

| | |
|:---|:---|
| **Issuer:** | Alexandria Real Estate Equities, Inc. |
| **Security Description:** | 5.150% Senior Notes due 2053 |
| **Guarantee/Guarantor:** | Fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. |
| **Expected Ratings:\*** | Moody's: Baa1 / S&P: BBB+ |
| **Size:** | $500000000 |
| **Maturity Date:** | April 15, 2053 |
| **Price to Public:** | 99.500% |
| **Interest Rate:** | 5.150% per annum |
| **Yield to Maturity:** | 5.182% |
| **Spread to Benchmark Treasury:** | T+160 basis points |
| **Benchmark Treasury:** | 3.000% due August 15, 2052 |
| **Benchmark Treasury Price and Yield:** | 89-14 / 3.582% |
| **Interest Payment Dates:** | Each April 15 and October 15, beginning on October 15, 2023 |
| **Optional Redemption:** | The redemption price for notes that are redeemed before October 15, 2052 (six months prior to the stated maturity date of the notes) will be equal to the sum of (i) 100% of the principal amount of the notes being redeemed, (ii) accrued and unpaid interest thereon, if any, to, but excluding, the date of redemption, and (iii) a make-whole amount of T+25 bps. |
|  | The redemption price for notes that are redeemed on or after October 15, 2052 will be equal to the sum of 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest thereon. |
| **Joint Book-Running Managers:** | Goldman Sachs & Co. LLC<br> BofA Securities, Inc.<br> Citigroup Global Markets Inc.<br> RBC Capital Markets, LLC |
|  | BBVA Securities Inc.<br> Capital One Securities, Inc.<br> Evercore Group L.L.C.<br> Mizuho Securities USA LLC<br> Regions Securities LLC<br> Scotia Capital (USA) Inc.<br> SMBC Nikko Securities America, Inc.<br> Truist Securities, Inc. |
| **Co-Managers:** | Barclays Capital Inc.<br> BMO Capital Markets Corp.<br> Fifth Third Securities, Inc.<br> Huntington Securities, Inc.<br> PNC Capital Markets LLC<br> TD Securities (USA) LLC<br> Samuel A. Ramirez & Company, Inc. |

---

---

| | |
|:---|:---|
| **CUSIP / ISIN:** | 015271 BB4 / US015271BB48 |
| **Denominations:** | $2,000 and integral multiples of $1,000 in excess thereof |
| **Trade Date:** | February 2, 2023 |
| **Settlement Date:** | February 16, 2023 (T+10)\*\* |

---

\* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

\*\* The Issuer expects that delivery of the notes will be made to investors on or about February 16, 2023, which will be the tenth business day following the date of the prospectus supplement (such settlement being referred to as "T+10"). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on the date of pricing of the notes or the next seven succeeding business days will be required, by virtue of the fact that the notes initially will settle in T+10, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement and should consult their own advisors.

The Issuer and the Guarantor have filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that the Issuer and the Guarantor have filed with the SEC for more complete information about the Issuer, the Guarantor and this offering.

You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, the Guarantor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying prospectus supplement if you request it by contacting: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, fax: 212-902-9316 or e-mail: prospectus-ny@ny.email.gs.com; BofA Securities, Inc., telephone: 1-800-294-1322; Citigroup Global Markets Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146 or e-mail: prospectus@citi.com; or RBC Capital Markets, LLC, toll free at 1-866-375-6829.