---
schema_version: "secwatch.filing_event.v1"
accession: "0001035443-24-000238"
form_type: "8-K"
ticker: "ARE"
cik: "0001035443"
company_name: "ALEXANDRIA REAL ESTATE EQUITIES, INC."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:34:34.778247+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alexandria Real Estate sues NYC Health+Hospitals and EDC over floodwall dispute; $161.5M at risk

## Summary
- ARE subsidiary invested $161.5M in pre-construction costs for third tower at Alexandria Center for Life Science – NYC as of June 30, 2024.
- Lawsuit filed Aug 6, 2024 against landlord H+H and EDC alleging fraud and breach of implied covenant re floodwall requirements.
- Closing date and construction start for the third tower are now indeterminate due to litigation.
- ARE seeks damages and equitable relief; potential loss exposure ranges from $0 to the full $161.5M investment.
- Company conducted probability-weighted recoverability analysis and concluded no impairment as of report date.

## SEC filing metadata
- accession: 0001035443-24-000238
- form_type: 8-K
- ticker: ARE
- cik: 0001035443
- company_name: ALEXANDRIA REAL ESTATE EQUITIES, INC.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035443/000103544324000238/0001035443-24-000238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035443/000103544324000238/are-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035443-24-000238
- JSON: https://secwatch.observer/filing/0001035443-24-000238.json
- Plain text: https://secwatch.observer/filing/0001035443-24-000238.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.