Upon closing of the acquisition, we expect to redevelop the two existing buildings, along with the services of The Davis Companies, into a Class A life science project aggregating 400,000 RSF of technical office/laboratory space.This acquisition provides a key expansion to our mega campus strategy in our Cambridge submarket, the premier life science real estate market in the world, and consists of the following: In June 2021, we entered into a definitive agreement to expand our Alexandria Center ® at Kendall Square campus through our acquisition of a 100% interest in One Rogers Street and One Charles Park for a purchase price of $815.0 million.
LINE SPRESS ACCOUNTING PLUS
Refer to "Funds from operations and funds from operations per share" of this Earnings Press Release for additional details.Īlexandria at the vanguard of innovation for over 750 tenants and looking to accommodate current needs plus a path for future growth The following table provides leasing activity of our development and redevelopment projects: Demand for our value-creation development and redevelopment projects of high-quality office/laboratory space, as well as continued operational excellence at our world-class, sophisticated laboratory facilities and strong execution by our team, has translated into record leasing activity. We continue to execute our unique and differentiated life science strategy at an accelerated pace and expand our collaborative campuses and asset base in each of our key life science cluster submarkets, and we remain strategically positioned to take maximum advantage of historic tenant demand. Leasing activity of development and redevelopment projects
Supplemental Information for additional details. Operating properties in North America was 98.1% as of June 30, 2021. Excluding these acquired vacancies, occupancy of Occupancy expected primarily over the next two quarters.
Approximately 35% of the vacant 1.4 million RSF is currently under leased/negotiating, with Representing lease-up opportunities that are expected to provide incremental annual rental revenues in excess Includes 1.4 million RSF, or 3.8%, of vacancy at recently acquired properties in our North America markets, Continued strong leasing activity and rental rate growth during 2Q21 and 1H21 over expiring rates on renewed and re-leased space:.During 2Q21, historic demand for our high-quality office/laboratory space translated into 1.9 million RSF of leasing activity, representing the highest leasing activity in a single quarter and the second highest rental rate growth in Company history.Historic leasing activity and rental rate growth continued strong net operating income and internal growth This represents our fourth consecutive Nareit Investor CARE Gold Award, and our sixth Gold Award over the last seven years. Six-time Nareit Investor CARE Gold Award winnerĢ021 recipient of the Nareit Investor CARE (Communications and Reporting Excellence) Gold Award in the Large Cap Equity REIT category as the best-in-class REIT delivering transparency, quality, and efficient communications and reporting to the investment community. Net income attributable to Alexandria's common stockholders – dilutedįunds from operations attributable to Alexandria's common stockholders – diluted, as adjusted
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