Alexandria REIT buys back $121.1 million 3.7% convertibles in Q3

By Susanna Moon

Chicago, Oct. 25 - Alexandria Real Estate Equities, Inc. repurchased $121.1 million of its 3.7% unsecured convertible notes in the third quarter, according to an earnings release for the quarter ended Sept. 30.

The company said it bought back the convertibles in privately negotiated transactions.

Alexandria Real Estate is a real estate investment trust based in Pasadena, Calif., that is focused on cluster development through the ownership, operation, management, selective acquisition, development, and redevelopment of properties containing life science laboratory space.

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