Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, and redevelopment of properties containing office/laboratory space. Its properties are designed for lease primarily to institutional, pharmaceutical, biotechnology, life science product, service, biodefense, and translational research entities, as well as government agencies. As of December 31, 2005, the company had 134 properties, including 131 properties in the United States and 3 properties in Canada. Alexandria Real Estate Equities has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to income tax to the...