On August 16, 2023, Dean A. Shigenaga, President of Alexandria Real Estate Equities, Inc. (company), submitted his resignation from all of his positions with the Company and its subsidiaries for important personal family health reasons, effective September 15, 2023. Following the effectiveness of Mr. Shigenaga?s resignation, it is expected that he will continue to assist the Company with transitional matters and ongoing as a strategic consultant. On August 17, 2023, the Board elected Marc E. Binda as Treasurer, effective September 15, 2023.

Mr. Binda, age 47, has served as Executive Vice President ? Finance & Treasurer since June 2019. Mr. Binda previously served as Senior Vice President ?

Finance & Treasurer since April 2018, as Senior Vice President ? Finance since April 2012, and in other capacities from January 2005 to April 2012. Since joining the Company, Mr. Binda has served in a variety of positions of increasing responsibility within the finance and accounting functions.

Mr. Binda currently oversees the Company?s treasury strategies and risk management, balance sheet management, financial projections, capital planning, debt financing, and other capital market transactions and provides business and technical advice on unique and complex real estate, joint venture, and leasing transactions. Prior to joining the Company, Mr. Binda was a Financial Reporting Manager at Watt Centro Management JV, LP, where he was responsible for accounting, finance, and treasury matters, REIT compliance, debt compliance, and U.S. and Australian GAAP reporting. Prior to joining Watt, Mr. Binda was a manager in Ernst & Young LLP?s Real Estate Advisory Business Services group, where he served three publicly traded REITs and other public and private companies.

Mr. Binda is a certified public accountant and received his Bachelor of Science degree in Accounting from California Lutheran University.