Schedule III - Consolidated Financial Statement Schedule of Rental Properties and Accumulated Depreciation (Notes)

12 Months Ended

Dec. 31, 2013

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Consolidated Financial Statement Schedule of Rental Properties and Accumulated Depreciation

Schedule III

Consolidated Financial Statement Schedule of Rental Properties and Accumulated Depreciation

December 31, 2013

(In thousands)

(Unaudited)

					Initial Costs				Costs Capitalized Subsequent to Acquisitions		Total Costs
Property	Market	Encumbrances			Land		Buildings & Improvements		Buildings & Improvements		Land		Buildings & Improvements		Total (1)		Accumulated Depreciation (2)			Net Cost Basis		Date of Construction (3)	Date Acquired
Alexandria Center™ at Kendall Square	Greater Boston	$	—		$	72,454	$	191,904	$	244,342	$	72,454	$	436,246	$	508,700	$	(30,643	)	$	478,057	2000-2013	2005-2013
Alexandria Technology Square®	Greater Boston	208,457		(4)	—		619,658		166,260		—		785,918		785,918		(121,028		)	664,890		2001-2012	2006
480 Arsenal Street	Greater Boston	—			6,413		5,457		46,055		6,413		51,512		57,925		(12,884		)	45,041		2003	2001
780/790 Memorial Drive	Greater Boston	—			—		—		44,894		—		44,894		44,894		(16,754		)	28,140		2002	2001
500 Arsenal Street	Greater Boston	—			3,360		7,316		28,807		3,360		36,123		39,483		(12,473		)	27,010		2001	2000
167 Sidney Street/99 Erie Street	Greater Boston	—			—		12,613		11,772		—		24,385		24,385		(3,439		)	20,946		2006/2012	2005/2006
79/96 Thirteenth Street Charlestown Navy Yard	Greater Boston	4,696		(5)	—		6,247		8,640		—		14,887		14,887		(2,404		)	12,483		2012	1998
Alexandria Park at 128	Greater Boston	23,919		(5) (6)	8,514		31,863		62,255		8,514		94,118		102,632		(24,939		)	77,693		1997-2010	1998-2008
19 Presidential Way	Greater Boston	—			12,833		27,333		64		12,833		27,397		40,230		(5,936		)	34,294		1999	2005
100 Beaver Street	Greater Boston	—			1,257		7,755		12,458		1,257		20,213		21,470		(3,650		)	17,820		2006	2005
285 Bear Hill Road	Greater Boston	—			422		3,538		5,348		422		8,886		9,308		(110		)	9,198		2013	2011
111/130 Forbes Boulevard	Greater Boston	—			3,146		15,725		2,932		3,146		18,657		21,803		(3,526		)	18,277		2006	2007/2006
20 Walkup Drive	Greater Boston	—			2,261		7,099		9,028		2,261		16,127		18,388		(1,281		)	17,107		2012	2006
306 Belmont Street & 350 Plantation Street	Greater Boston	—			1,806		11,696		1,778		1,806		13,474		15,280		(3,255		)	12,025		2003	2004
30 Bearfoot Road	Greater Boston	—			1,220		22,375		44		1,220		22,419		23,639		(4,951		)	18,688		2000	2005
Alexandria Center™ for Science & Technology	San Francisco Bay Area	—			62,074		145,303		271,071		62,074		416,374		478,448		(41,141		)	437,307		2007-2011	2004-2011
Alexandria Technology Center - Gateway	San Francisco Bay Area	100,019		(7)	45,425		121,059		13,965		45,425		135,024		180,449		(31,487		)	148,962		2000-2006	2002-2006
249/259 East Grand Avenue	San Francisco Bay Area	46,013			14,289		—		119,463		14,289		119,463		133,752		(10,418		)	123,334		2008/2012	2004
400/450 East Jamie Court	San Francisco Bay Area	—			—		—		107,039		—		107,039		107,039		(10,654		)	96,385		2012	2002
500 Forbes Boulevard	San Francisco Bay Area	—			38,911		75,337		13,604		38,911		88,941		127,852		(14,240		)	113,612		2001	2007
7000 Shoreline Court	San Francisco Bay Area	31,835		(7)	7,038		39,704		7,107		7,038		46,811		53,849		(10,531		)	43,318		2001	2004
341/343 Oyster Point Boulevard	San Francisco Bay Area	—			6,127		—		31,487		6,127		31,487		37,614		(12,833		)	24,781		2009/2013	2000
849/863 Mitten Road & 866 Malcolm Road	San Francisco Bay Area	—			3,211		8,665		15,130		3,211		23,795		27,006		(7,510		)	19,496		2012	1998
2425 Garcia Avenue & 2400/2450 Bayshore Parkway	San Francisco Bay Area	847			1,512		21,323		23,763		1,512		45,086		46,598		(15,265		)	31,333		2008	1999
3165 Porter Drive	San Francisco Bay Area	20,873		(6)	—		19,154		2,088		—		21,242		21,242		(5,146		)	16,096		2002	2003
75/125 Shoreway Road	San Francisco Bay Area	—			6,617		7,091		10,432		6,617		17,523		24,140		(2,718		)	21,422		2008	2006
3350 West Bayshore Road	San Francisco Bay Area	—			4,800		6,693		10,681		4,800		17,374		22,174		(3,030		)	19,144		1982	2005
2625/2627/2631 Hanover Street	San Francisco Bay Area	—			—		4,014		15,134		—		19,148		19,148		(7,037		)	12,111		2000	1999
ARE Nautilus	San Diego	—			6,683		27,600		81,621		6,683		109,221		115,904		(22,200		)	93,704		2010-2012	1994-1997

					Initial Costs				Costs Capitalized Subsequent to Acquisitions		Total Costs
Property	Market	Encumbrances			Land		Buildings & Improvements		Buildings & Improvements		Land		Buildings & Improvements		Total (1)		Accumulated Depreciation (2)			Net Cost Basis		Date of Construction (3)	Date Acquired
ARE Sunrise	San Diego	$	19,841	(8)	$	2,768	$	15,491	$	41,360	$	2,768	$	56,851	$	59,619	$	(28,685	)	$	30,934	2000-2009	1994-2000
ARE Spectrum	San Diego	—			19,576		78,438		3,958		19,576		82,396		101,972		(13,290		)	88,682		2001	2007
11119 North Torrey Pines Road	San Diego	—			9,994		37,099		32,744		9,994		69,843		79,837		(4,364		)	75,473		2012	2007
5200 Illumina Way	San Diego	—			24,607		96,606		68,719		24,607		165,325		189,932		(10,887		)	179,045		2004-2013	2010
10300 Campus Point Drive	San Diego	—			17,945		86,645		98,089		17,945		184,734		202,679		(8,021		)	194,658		2012	2010
ARE Esplanade	San Diego	11,598		(8)	6,309		26,925		47,215		6,309		74,140		80,449		(7,510		)	72,939		1989-2013	1998-2011
ARE Towne Centre	San Diego	34,866		(6)	853		26,861		18,401		853		45,262		46,115		(24,260		)	21,855		2000-2010	1999
9880 Campus Point Drive	San Diego	—			3,900		16,165		20,048		3,900		36,213		40,113		(7,914		)	32,199		2005	2001
5810/5820/6138/6150 Nancy Ridge Drive	San Diego	11,689		(6)	3,913		20,496		11,760		3,913		32,256		36,169		(7,039		)	29,130		2000-2001	2003-2004
ARE Portola	San Diego	—			6,476		23,327		20,039		6,476		43,366		49,842		(3,873		)	45,969		2005-2012	2007
10121/10151 Barnes Canyon Road	San Diego	—			—		5,100		—		—		5,100		5,100		—			5,100		1988	2013
7330 Carroll Road	San Diego	4,655		(5)	2,650		19,878		1,145		2,650		21,023		23,673		(1,805		)	21,868		2007	2010
5871 Oberlin Drive	San Diego	6,485		(9)	1,349		8,016		3,529		1,349		11,545		12,894		(650		)	12,244		2004	2010
6146/6166 Nancy Ridge Road	San Diego	—			1,248		3,839		4,970		1,248		8,809		10,057		(5,462		)	4,595		2001/1997	2000/1998
11025/11035/11045 Roselle Street	San Diego	—			1,672		8,709		12,846		1,672		21,555		23,227		(5,172		)	18,055		2012/2006/ 2008	1997/2000/ 2000
3985 Sorrento Valley Boulevard	San Diego	7,570		(10)	2,422		15,456		445		2,422		15,901		18,323		(1,296		)	17,027		2007	2010
10505 Roselle Street & 3770 Tansy Street	San Diego	—			1,094		3,074		3,881		1,094		6,955		8,049		(5,014		)	3,035		1999	1998
13112 Evening Creek Drive	San Diego	12,557		(8)	7,393		27,950		150		7,393		28,100		35,493		(4,759		)	30,734		2007	2007
Alexandria Center™ for Life Science	Greater New York City	—			—		—		516,879		—		516,879		516,879		(32,334		)	484,545		2010-2013	2006
100 Phillips Parkway	Greater New York City	9,640		(5)	1,840		2,298		14,807		1,840		17,105		18,945		(7,534		)	11,411		1999	1998
102 Witmer Road	Greater New York City	—			1,625		19,715		5,641		1,625		25,356		26,981		(5,434		)	21,547		2002	2006
701 Veterans Circle	Greater New York City	—			1,468		7,885		24		1,468		7,909		9,377		(1,277		)	8,100		2007	2007
5100 Campus Drive	Greater New York City	—			327		2,117		1,189		327		3,306		3,633		(1,169		)	2,464		1989	1998
9800 Medical Center Drive	Maryland	76,000			5,523		99,696		93,752		5,523		193,448		198,971		(35,579		)	163,392		2010-2013	2004
1330 Piccard Drive	Maryland	—			2,800		11,533		28,530		2,800		40,063		42,863		(11,373		)	31,490		2005	1997
1500/1550 East Gude Drive	Maryland	—			1,523		7,731		4,802		1,523		12,533		14,056		(4,597		)	9,459		2003/1995	1997
14920/15010 Broschart Road	Maryland	6,006		(11)	4,904		15,846		3,778		4,904		19,624		24,528		(2,648		)	21,880		1998/1999	2010/2004
1405 Research Boulevard	Maryland	—			899		21,946		11,479		899		33,425		34,324		(9,183		)	25,141		2006	1997
5 Research Place	Maryland	—			1,466		5,708		26,651		1,466		32,359		33,825		(5,604		)	28,221		2010	2001
9920 Medical Center Drive	Maryland	—			2,797		8,060		306		2,797		8,366		11,163		(1,932		)	9,231		2002	2004
5 Research Court	Maryland	—			1,647		13,258		5,142		1,647		18,400		20,047		(7,092		)	12,955		2007	2004
12301 Parklawn Drive	Maryland	—			1,476		7,267		462		1,476		7,729		9,205		(1,719		)	7,486		2007	2004
Alexandria Technology Center - Gaithersburg I	Maryland	—			10,183		59,641		20,502		10,183		80,143		90,326		(20,414		)	69,912		1992-2009	1997-2004
Alexandria Technology Center - Gaithersburg II	Maryland	—			4,531		21,594		29,741		4,531		51,335		55,866		(19,864		)	36,002		2000-2003	1997-2000
16020 Industrial Drive	Maryland	—			2,924		19,664		700		2,924		20,364		23,288		(8,989		)	14,299		1983	2005

					Initial Costs				Costs Capitalized Subsequent to Acquisitions		Total Costs
Property	Market	Encumbrances			Land		Buildings & Improvements		Buildings & Improvements		Land		Buildings & Improvements		Total (1)		Accumulated Depreciation (2)			Net Cost Basis		Date of Construction (3)	Date Acquired
401 Professional Drive	Maryland	$	—		$	1,129	$	6,941	$	5,652	$	1,129	$	12,593	$	13,722	$	(4,056	)	$	9,666	2007	1996
950 Wind River Lane	Maryland	—			2,400		10,620		1,050		2,400		11,670		14,070		(1,168		)	12,902		2009	2010
620 Professional Drive	Maryland	—			784		4,705		1,600		784		6,305		7,089		(1,052		)	6,037		2012	2005
8000/9000/10000 Virginia Manor Road	Maryland	—			—		13,679		4,764		—		18,443		18,443		(7,244		)	11,199		2003	1998
14225 Newbrook Drive	Maryland	28,659		(8)	4,800		27,639		5,354		4,800		32,993		37,793		(11,756		)	26,037		2006	1997
1201/1208 Eastlake Avenue	Seattle	42,366		(8)	5,810		47,149		14,955		5,810		62,104		67,914		(17,337		)	50,577		1997	2002
1616 Eastlake Avenue	Seattle	—			6,940		—		80,418		6,940		80,418		87,358		(15,772		)	71,586		2013	2003
1551 Eastlake Avenue	Seattle	—			7,292		17,161		33,267		7,292		50,428		57,720		(4,867		)	52,853		2012	2004
199 East Blaine Street	Seattle	240			6,528		—		71,679		6,528		71,679		78,207		(7,916		)	70,291		2010	2004
219 Terry Avenue North	Seattle	—			1,819		2,302		18,540		1,819		20,842		22,661		(1,176		)	21,485		2012	2007
1600 Fairview Avenue	Seattle	—			2,212		6,788		5,962		2,212		12,750		14,962		(2,274		)	12,688		2007	2005
3000/3018 Western Avenue	Seattle	—			1,432		7,497		15,159		1,432		22,656		24,088		(6,918		)	17,170		2000	1998
410 West Harrison/410 Elliott Avenue West	Seattle	—			3,857		1,989		10,477		3,857		12,466		16,323		(2,250		)	14,073		2008/2006	2004
Alexandria Technology Center Alston	Research Triangle Park	—			913		17,482		25,221		913		42,703		43,616		(16,669		)	26,947		1985-2009	1998
108/110/112/114 Alexander Drive	Research Triangle Park	—			—		376		41,996		—		42,372		42,372		(10,294		)	32,078		2000	1999
Alexandria Innovation Center - Research Triangle Park	Research Triangle Park	—			1,065		21,218		24,407		1,065		45,625		46,690		(9,919		)	36,771		2005-2008	2000
6 Davis Drive	Research Triangle Park	—			821		10,712		500		821		11,212		12,033		(644		)	11,389		2012	2012
7 Triangle Drive	Research Triangle Park	—			701		—		31,643		701		31,643		32,344		(2,048		)	30,296		2011	2005
407 Davis Drive	Research Triangle Park	—			1,229		17,733		—		1,229		17,733		18,962		(137		)	18,825		1998	2013
2525 East NC Highway 54	Research Triangle Park	—			713		12,827		843		713		13,670		14,383		(3,314		)	11,069		1995	2004
601 Keystone Park Drive	Research Triangle Park	—			785		11,546		4,989		785		16,535		17,320		(2,713		)	14,607		2009	2006
5 Triangle Drive	Research Triangle Park	—			161		3,409		2,857		161		6,266		6,427		(1,912		)	4,515		1981	1998
6101 Quadrangle Drive	Research Triangle Park	—			951		3,982		8,400		951		12,382		13,333		(885		)	12,448		2012	2008
555 Heritage Drive	Research Triangle Park	—			2,919		5,311		11,937		2,919		17,248		20,167		(2,023		)	18,144		2010	2006
1781 W. 75th Avenue	Canada	—			2,253		4,644		9,281		2,253		13,925		16,178		(2,086		)	14,092		2008	2007
7990 Enterprise Street	Canada	—			2,491		9,589		109		2,491		9,698		12,189		(1,922		)	10,267		2003	2005
275 Armand Frappier	Canada	—			7,643		23,043		8,983		7,643		32,026		39,669		(5,140		)	34,529		2012	2005
525 Cartier Boulevard West	Canada	—			3,201		20,511		—		3,201		20,511		23,712		(4,525		)	19,187		2004	2005
661 University Avenue (12)	Canada	—			—		—		87,200		—		87,200		87,200		(9,302		)	77,898		2011	2007
129/161/165 North Hill Avenue & 6 Thomas	Non-Cluster Market	—			3,091		5,546		15,325		3,091		20,871		23,962		(5,769		)	18,193		2002/2008	1999/2006
China	Asia	—			—		—		58,831		—		58,831		58,831		(1,709		)	57,122		2011	2011
India	Asia	—			742		—		47,526		742		47,526		48,268		(3,015		)	45,253		2011-2013	2009-2012
Various	Various	—			8,231		12,147		101,847		8,231		113,994		122,225		(26,068		)	96,157		Various	Various
		$	708,831		$	553,388	$	2,617,102	$	3,271,718	$	553,388	$	5,888,820	$	6,442,208	$	(952,106	)	$	5,490,102

(1) The aggregate cost of real estate for federal income tax purposes is not materially different from the cost basis under GAAP (unaudited).

(2) The depreciable life for buildings and improvements ranges from 30 to 40 years, 20 for land improvements, and the term of the respective lease for tenant improvement.

(3) Represents the later of the date of original construction or the date of the latest renovation.

(4) The balance shown includes an unamortized discount of $226.

(5) Loan of $31,308 secured by four properties identified by this reference.

(6) Loan of $79,030 secured by six properties identified by this reference.

(7) Loan of $131,854 secured by four properties identified by this reference.

(8) Loan of $115,021 secured by six properties identified by this reference.

(9) The balance shown includes an unamortized premium of $39.

(10) The balance shown includes an unamortized premium of $90.

(11) The balance shown includes an unamortized premium of $91.

(12) Represents land and land improvements with a gross investment of approximately $112 per RSF at December 31, 2013, which we have leased to a client tenant with a remaining lease term of approximately 48 years. Our client tenant has commenced construction of a 780,540 RSF multi-tenant laboratory/office building in Toronto. Pursuant to our lease, we are not required to contribute additional capital towards the project. In addition, we expect to receive rent under our lease upon stabilization of the project.

Alexandria Real Estate Equities, Inc.

Consolidated Financial Statement Schedule of Rental Properties and Accumulated Depreciation

December 31, 2013

A summary of activity of consolidated rental properties and accumulated depreciation is as follows (in thousands):

	Rental Properties
	December 31,
	2013			2012			2011
Balance at beginning of period	$	5,645,771		$	5,112,759		$	4,546,769
Purchase of rental properties	118,892			42,901			183,720
Sale of rental properties	(182,037		)	(30,807		)	(3,738		)
Write-off of fully amortized improvements	—			(17,730		)	—
Additions and transfers from land held for future development and construction in progress	859,582			538,648			386,008
Balance at end of period	$	6,442,208		$	5,645,771		$	5,112,759
	Accumulated Depreciation
	December 31,
	2013			2012			2011
Balance at beginning of period	$	875,035		$	742,535		$	616,007
Depreciation expense on properties	149,848			157,193			126,528
Write-off of fully amortized improvements	—			(17,730		)	—
Sale of properties	(72,777		)	(6,963		)	—
Balance at end of period	$	952,106		$	875,035		$	742,535