Media & Recognition
FOR IMMEDIATE RELEASE
Media Contact:
Dan Malloy, Green Street Advisors, 949-640-8780, dmalloy@greenstreetadvisors.com
Green Street Advisors Adds Lab Space REIT Sector, Initiates Coverage on Alexandria Real Estate (ARE) and BioMed Realty Trust (BMR)
Newport Beach, CA, January 21, 2010 – Green Street Advisors today announced that it had expanded its already broad real estate stock coverage universe to include the Lab Space REIT sector. This expansion was marked by a sector foundation report, and the initiation of research coverage on Alexandria Real Estate Equities, Inc. (ARE) and BioMed Realty Trust (BMR).
The Lab Space Foundation Report, authored by Michael Knott, Senior Analyst and head of Green Street's Office, Lab Space and Self–Storage sectors, provides an in–depth analysis of this specialty niche of the office sector including:
- an overview of the property type, key players and tenants, and macro sector issues
- risk–reward factors associated with specialized lab space development
- the wide credit quality spectrum of lab space tenants
- drivers of expected returns and cap–ex
- a relative sector weighting recommendation
In addition to the Foundation piece, in–depth coverage initiation reports on pure–play Lab Space REITs Alexandria and BioMed were authored by John Stewart, Analyst on the Office sector team. Each report delves into key comparative investment considerations including portfolio makeup, development capabilities, capital allocation performance and valuation metrics.
With this announcement, Green Street now covers 84 REITs, real estate operating companies and listed property companies with North American and European assets in the office, retail, residential, lodging, industrial, health care, self storage, data center and lab space sectors.
Green Street Advisors, Inc.
Founded in 1985, Green Street Advisors is the preeminent independent research, trading, and consulting firm concentrating on Real Estate Investment Trusts (REITs), other publicly traded real estate securities,
and the private commercial real estate markets in North America and Europe. Additional information on Green Street Advisors is available online at www.greenstreetadvisors.com.