Alexandria Picks Holobiome For First Seed Funding Investment

Alexandria Real Estate Equities, Inc. (NYSE:ARE) has made its first seed funding investment in Cambridge-based Holobiome, Inc., under the company’s recently-launched Alexandria Seed Capital Platform.

In fact, the company is celebrating the inaugural member class of seed- and early-stage life science firms associated with its life-science start-up platform, Alexandria LaunchLabs. The platform opened its first location at Alexandria Center in One Kendall Square (NYSE:SQ), Cambridge.

The 20,000-square-foot seed- and early-stage incubator, which opened last December, is currently home to 13 innovative member companies. At this life-science cluster, Alexandria provides flexible, cost-effective, move-in ready and well-equipped wet laboratory and office space. Further, it offers high-quality equipment and services, mentorship and programming, in addition to seed-capital access through Alexandria Seed Capital Platform, which is led by its venture capital business — Alexandria Venture Investments.

Impressively, on account of its efficient and responsible design, as well as construction practices Alexandria LaunchLabs – Cambridge is a LEED Gold certified campus. In addition, it achieved a Fitwel 3 Star Rating, demonstrating its ability to drive higher levels of member health, wellness and productivity.

Additionally, Alexandria has announced a call for applications for two Alexandria LaunchLabs Innovation Prizes, worth $125,000. This will recognize excellence in early-stage science, leadership and business strategy. The first prize is open for Massachusetts-based life-science entrepreneurs, and the second one will be awarded to academic spinouts nominated by local technology transfer offices. Entries will be accepted until May 31 and winners will be announced in June. The winners will receive $100,000 for research and development support. They will occupy office/laboratory space at Alexandria LaunchLabs – Cambridge for a year, worth an additional $25,000.

Such efforts come as part of the company’s expansion efforts to bank on the life-science real estate industry’s favorable fundamentals.

This Zacks #2 (Buy) Ranked stock has gained 19.5% over the past three months, outperforming 11.5% growth recorded by the industry.

Other Stocks to Consider

Investors can also consider other similarly-ranked stocks from the same space like Terreno Realty Corporation (NYSE:TRNO) , Cousins Properties Incorporated (NYSE:CUZ) and Boston Properties, Inc. (NYSE:BXP) . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Terreno Realty’s funds from operations (FFO) per share estimates for 2019 remained unchanged at $1.42, in the past month. Furthermore, it has a long-term growth rate of 8.40%.

Cousins Properties’ Zacks Consensus Estimate for first-quarter 2019 FFO per share has remained unchanged at 20 cents in the past month. Also, it has a long-term growth rate of 3.50%.

Boston Properties’ FFO per share estimate for the ongoing year has been revised marginally north to $6.93 in 30 days’ time. Additionally, it has a long-term growth rate of 6.30%.

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