Subsequent event

9 Months Ended

Sep. 30, 2012

Subsequent event

Subsequent event

15. Subsequent event

On October 29, 2012, our property at 450 East 29th Street, the East Tower of the Alexandria Center™ for Life Science – New York City, a multi-tenant building with 309,141 rentable square feet experienced water damage, along with many other properties owned by other landlords in New York City.  Initial assessments have identified minimal damage, with no damage to our building or structure.  While there has been some water damage in the underground parking area at our property, we are still assessing the impact.  Due to the recent occurrence of the water damage, we do not currently have an estimate of the costs to repair this damage, and we have provided each of the relevant insurance carriers a notice of claim.