POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and appoints each of Jackie Clem, Gary Dean, Gregory Kay,
Bill Boyle, Jennifer Consul, Darren DeStefano, Vince Flynn, Kim Merritt, Ron Metzger and Kris Tamashiro, signing
individually, the undersignedTMs true and lawful attorneys-in fact and agents to:

(1) execute for and on behalf of the undersigned, an officer, director or holder of 10% or more of a registered class of
securities of the Alexandria Real Estate Equities, Inc. (the Company), a Form ID application for EDGAR access codes and Forms
3, 4 and 5 pursuant to Section 16(a) of the Securities Exchange Act of 1934, as amended (the Exchange Act) and the rules
thereunder;

(2) do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and
execute such Form ID or Form 3, 4 or 5, complete and execute any amendment or amendments thereto, and timely file such forms
or amendments with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

(3) take any other action of any nature whatsoever in connection with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit, in the best interest of, or legally required by, the undersigned, it being understood
that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be
in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-factTMs
discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and
thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted,
as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-factTMs
substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and
powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the
request of the undersigned, are not assuming, nor is the Company assuming, any of the undersignedTMs responsibilities to
comply with Section 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the earliest to occur of (a) the undersigned is no longer
required to file Forms 3, 4 and 5 with respect to the undersignedTMs holdings of and transactions in securities issued by the
Company, (b) revocation by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact or (c) as to any
attorney-in-fact individually, until such attorney-in-fact shall no longer be employed by the Company or Cooley LLP.

IN WITNESS WHEREOF, the undersigned has cause this Power of Attorney to be executed as of this 14th day of March, 2022.

/s/ Orraparn C. Lee
Orraparn C. Lee