ALEXANDRIA REAL ESTATE EQ IN

Ticker: ARE CUSIP: 015271109 Class: COM

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 1,760 Value ($000) $241 Avg Close $124.09 Range $86.54 - $139.24

Q4 2019

Shares 1,590 Value ($000) $257 Avg Close $124.15 Range $118.62 - $128.72

Q3 2019

Shares 1,590 Value ($000) $245 Avg Close $115.61 Range $109.58 - $122.01

Q2 2019

Shares 1,550 Value ($000) $219 Avg Close $112.15 Range $105.73 - $119.21

Q1 2019

Shares 1,450 Value ($000) $207 Avg Close $101.57 Range $85.35 - $111.26

Q4 2018

Shares 2,830 Value ($000) $326 Avg Close $93.31 Range $83.39 - $98.15

Q2 2018

Shares 2,650 Value ($000) $334 Avg Close $94.15 Range $90.47 - $98.32

Q1 2018

Shares 2,650 Value ($000) $331 Avg Close $92.80 Range $85.24 - $97.95

Q4 2017

Shares 2,420 Value ($000) $316 Avg Close $93.55 Range $87.94 - $99.78

Q3 2017

Shares 2,420 Value ($000) $288 Avg Close $88.57 Range $85.66 - $91.33

Q2 2017

Shares 2,970 Value ($000) $358 Avg Close $85.21 Range $80.40 - $89.60

Q1 2017

Shares 41,190 Value ($000) $4,552 Avg Close $82.08 Range $77.65 - $87.87

Q4 2016

Shares 35,690 Value ($000) $3,966 Avg Close $77.41 Range $73.18 - $82.20

Q3 2016

Shares 33,160 Value ($000) $3,607 Avg Close $77.99 Range $71.96 - $82.08

Q2 2016

Shares 32,660 Value ($000) $3,407 Avg Close $67.81 Range $63.50 - $74.16

Q1 2016

Shares 24,450 Value ($000) $2,242 Avg Close $57.33 Range $49.75 - $64.79

Q4 2015

Shares 23,160 Value ($000) $2,111 Avg Close $63.09 Range $58.56 - $67.59

Q3 2015

Shares 22,640 Value ($000) $1,934 Avg Close $62.22 Range $57.35 - $65.86

Q2 2015

Shares 22,670 Value ($000) $1,983 Avg Close $63.65 Range $60.07 - $67.47

Q1 2015

Shares 21,800 Value ($000) $2,153 Avg Close $65.65 Range $60.25 - $70.07

Q4 2014

Shares 23,290 Value ($000) $2,084 Avg Close $56.46 Range $49.57 - $61.75

Q3 2014

Shares 20,300 Value ($000) $1,512 Avg Close $52.04 Range $48.84 - $53.90

Q2 2014

Shares 19,800 Value ($000) $1,552 Avg Close $49.70 Range $46.99 - $52.10

Q1 2014

Shares 19,800 Value ($000) $1,437 Avg Close $46.07 Range $41.26 - $48.74

Q4 2013

Shares 19,600 Value ($000) $1,247 Avg Close $41.68 Range $39.62 - $44.10

Q3 2013

Shares 11,600 Value ($000) $741 Avg Close $42.34 Range $39.07 - $45.76

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	1,760	$241	$124.09	$86.54 - $139.24
Q4 2019	1,590	$257	$124.15	$118.62 - $128.72
Q3 2019	1,590	$245	$115.61	$109.58 - $122.01
Q2 2019	1,550	$219	$112.15	$105.73 - $119.21
Q1 2019	1,450	$207	$101.57	$85.35 - $111.26
Q4 2018	2,830	$326	$93.31	$83.39 - $98.15
Q2 2018	2,650	$334	$94.15	$90.47 - $98.32
Q1 2018	2,650	$331	$92.80	$85.24 - $97.95
Q4 2017	2,420	$316	$93.55	$87.94 - $99.78
Q3 2017	2,420	$288	$88.57	$85.66 - $91.33
Q2 2017	2,970	$358	$85.21	$80.40 - $89.60
Q1 2017	41,190	$4,552	$82.08	$77.65 - $87.87
Q4 2016	35,690	$3,966	$77.41	$73.18 - $82.20
Q3 2016	33,160	$3,607	$77.99	$71.96 - $82.08
Q2 2016	32,660	$3,407	$67.81	$63.50 - $74.16
Q1 2016	24,450	$2,242	$57.33	$49.75 - $64.79
Q4 2015	23,160	$2,111	$63.09	$58.56 - $67.59
Q3 2015	22,640	$1,934	$62.22	$57.35 - $65.86
Q2 2015	22,670	$1,983	$63.65	$60.07 - $67.47
Q1 2015	21,800	$2,153	$65.65	$60.25 - $70.07
Q4 2014	23,290	$2,084	$56.46	$49.57 - $61.75
Q3 2014	20,300	$1,512	$52.04	$48.84 - $53.90
Q2 2014	19,800	$1,552	$49.70	$46.99 - $52.10
Q1 2014	19,800	$1,437	$46.07	$41.26 - $48.74
Q4 2013	19,600	$1,247	$41.68	$39.62 - $44.10
Q3 2013	11,600	$741	$42.34	$39.07 - $45.76