Alexandria Writes Down 344,000 SQFT Austin Land Parcel as $638MM in Impairments Drive 3Q Loss

Alexandria Real Estate Equities swung to a $638.5 million third-quarter loss as it marked down assets it now plans to sell, including a 344,000-square-foot land parcel in Austin, while a $1 billion hybrid note, a $475 million joint venture and a $2.62 billion disposition pipeline carried the balance sheet.