Rexford Industrial Acquires Industrial Property For $15.5 Million

PR News Wire | April 09, 2020

Rexford Industrial Acquires Industrial Property For $15.5 Million

Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of an industrial property for $15.5 million. The acquisition was funded using cash on hand. "Acquired as a sale-lease-back through an off-market transaction, this investment demonstrates our team's ability to leverage Rexford's proprietary originations capability to deliver a creative solution to a seller seeking to unlock value and capital captive in their real estate.  This transaction is also indicative of our commitment to deliver substantially above-market cash yields by investing within infill Southern California, the nation's largest, highest demand and most supply-constrained industrial market," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company

Spotlight

The real estate industry is long overdue for a shakeup. Not only is one-third of the industry running on technology that was first released over 30 years ago, but it continues to put up barriers to transparency, preventing the release of locked up liquidity and eliminating standard services. Research shows that there is not only a lack of innovation but also an unwillingness to explore ways the industry can be developed. The established way of thinking has proven difficult for the industry to shake off. We are ready to break down all of these barriers. With the help of the blockchain, we know that the real estate industry can move into a new, more democratic age.

Spotlight

The real estate industry is long overdue for a shakeup. Not only is one-third of the industry running on technology that was first released over 30 years ago, but it continues to put up barriers to transparency, preventing the release of locked up liquidity and eliminating standard services. Research shows that there is not only a lack of innovation but also an unwillingness to explore ways the industry can be developed. The established way of thinking has proven difficult for the industry to shake off. We are ready to break down all of these barriers. With the help of the blockchain, we know that the real estate industry can move into a new, more democratic age.

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INVESTMENTS

CYMBAL DEVELOPMENT AND DLT GLOBAL LAUNCH ARTISTS-IN-RESIDENCE PROGRAM AT OASIS POINTE RESIDENCES

CYMBAL DEVELOPMENT AND DLT GLOBAL | January 17, 2022

Cymbal DLT Arts Foundation, a foundation established by Cymbal Development and DLT Global, is proud to announce the launch of its Artists-in-Residence Program at Oasis Pointe Residences, Cymbal Development and DLT Global's newest design-driven, multi-unit waterfront apartment complex opening in Dania Beach in Spring 2022. The program aims to highlight the diversity, creativity, and soul of the arts community and advocate for artists across a spectrum of media and artistic approaches. The foundation is currently calling for submissions to the 2022 Artists-in-Residence Program from artists nationwide. As part of the Artists-in-Residence Program, Oasis Pointe is inviting up-and-coming creatives from all professional backgrounds, demographics, career stages, and artistic styles to live and work for free in its state-of-the-art residential building for up to six months. Artists' partners, children, and pets will also be welcomed for the entire stay of the program. To be eligible, artists are required to either hold a bachelor's, master's, or Ph.D., be starting on a professional path in the arts, or be seeking to utilize the residency to cultivate a project. South Florida is known for its vibrant art communities, including museums, colorful street murals, art walks, exhibitions, studios, and Art Basel, the leading global platform connecting collectors, galleries, and artists, In an ideal world, art would be free and accessible for everyone, and that is why we felt it was imperative to launch an Artists-in-Residence Program where we can provide a unique opportunity for creatives to advance their careers through access to our space, community connections, and financial support." Asi Cymbal, president of Cymbal Development. Artists will receive up to a six-month rent-free, fully-furnished residency at Oasis Pointe. At the completion of their residency, successful applicants and their families may be invited to extend their residency at Oasis Pointe or in any other Cymbal DLT community in South Florida. In exchange, the Artists-in-Residence Program requests that up to two original works be gifted to Oasis Pointe's permanent collection to be displayed in the building's common areas. The scope of work will be determined on an individual basis in conjunction with the artist. In an effort to create a meaningful dialogue between the artists and the residential community, artists will also be requested to share their practice via an open studio or lecture/slideshow on the property at least once during their stay. About Oasis Pointe Residences Dania Beach's first waterfront apartment building, Oasis Pointe Residences is a 2.4-acre, 301-unit complex featuring thoughtfully planned details and exceptional indoor and outdoor amenities designed to create fresh-air havens of relaxation and retreat. The luxury indoor-outdoor living spaces respond to the timely demands for better natural ventilation, lighting, and air quality, while the amenities seek to enhance the mental and physical well-being of residents. Inspired by the surrounding water and nature, key amenities and features of the eight-story building include: butterfly and meditation gardens; a surf club; a waterfront boardwalk with a 19-slip marina; a Zoom lounge with private office suites and workstations; an outdoor lap pool; a fire pit with outdoor BBQ and picnic areas; a state-of-the-art, open-air fitness facility and yoga studio; an indoor lounge and game room; a dog park; and air purification, sterilization, and ionization systems that are 99% effective against COVID-19. About Cymbal Development Cymbal Development envisions and creates design-driven communities. It consists of real estate developers, builders, and restaurateurs who seek to inspire, innovate, and transform by working with the best designers and teams in the world to create compelling environments. Led by Asi Cymbal, Cymbal Development has a development and construction pipeline of over $1.5 billion in projects. The company is seeking to double that volume this year. About DLT Global DLT Global provides every aspect of real estate acquisition, planning, management, and construction expertise. With over 30 years of combined experience and dedication to this field, DLT Global prides itself in helping foreign investors protect their investments and maximize profits.

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Cambria Launches Multi-Factor, Global Real Estate ETF

prnewswire | September 24, 2020

Cambria Investment Management, LP, an independent, investment advisory firm focused on quantitative asset management and alternative investments, today launched the Cambria Global Real Estate ETF (BLDG), listed on Cboe. The fund is actively managed with an expense ratio of 0.59%. BLDG joins 11 other Cambria ETFs managed using quantitative, rules-based strategies that span asset classes and include value, core, and tactical strategies. "Cambria is focused on offering quantitative, rules-based strategies that are unique alternatives to what is already available in the ETF marketplace," said Meb Faber, Cambria co-founder and CIO.

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REAL ESTATE INVESTMENT

Nuveen Real Estate extends Lane's Technology Partnership to the Office Tower of Midtown Manhattan

prnewswire | November 17, 2020

As a feature of its procedure to draw in with occupants both on location and on the web, Nuveen Real Estate, a main worldwide land supervisor, revealed the work environment experience innovation Lane at one more of their milestone properties. The move will bring Lane's honor winning web and portable stage to The Gardens at 780 Third Avenue, one of Nuveen's chief office towers, situated between East 48th and 49th roads in Midtown Manhattan's desired Plaza District. Nuveen's dispatch of Lane at the 500,000 sq. ft. Class An office space concurs with a $40 million friendliness and manageability centered remodel. To enable Nuveen to accomplish these objectives, the Lane stage will furnish occupants at The Gardens with an across the board "controller" for the working environment—permitting them to do everything from request lunch to book a gathering space to join a yoga class—all while giving property supervisors a successful device for building-wide correspondences, access the executives and tasks. For the time being, Lane will fill in as a critical device for imparting building strategies and conventions in light of COVID-19. "We are pleased to support Nuveen as they deliver a more seamless, engaging, and digitally powered office experience to tenants at 780 Third and across their portfolio," said Clinton J. Robinson, CEO and Co-Founder of Lane. "An all-in-one platform for the workplace, Lane is uniquely positioned to bring together the many facets of the work environment in a way that is intuitive, intelligent, and fosters connection with tenants—whether they're physically in the office or not. Lane's booking feature will also help Nuveen set up its new flex office and fitness space offerings at The Gardens." "780 Third Avenue is in the midst of a capital-intensive redevelopment with improved tenant experience as a major priority," said Brian Wallick, Director of New York Investments for Nuveen. "We are integrating new amenities such as a coffee bar, sustainability-driven restaurant, and modernized wellness center, in addition to an entirely tenant-focused coworking floor with an option to book private conference rooms." Before turning out Lane at The Gardens at 780, this late spring, Nuveen dispatched Lane's foundation at Waterford Business District in Miami, one of the biggest corporate office edifices in the southeast U.S. Traversing 250 sections of land and lodging in excess of 100 worldwide companies, Lane's foundation has changed the rambling grounds into a flourishing, associated environment. "We are excited to partner with Lane at another property in our portfolio to the benefit of our tenants at The Gardens at 780 and the surrounding community," said Jacinda Lofland, Director of Strategy & Innovation for Nuveen. "The digitalization of our office portfolio is a key initiative that we will continue to invest in. With Lane, we are able to provide our tenants with a consistent, user-friendly digital interface while building out additional features and integrations into the background over time. The platform also enables us to communicate more consistently with our tenants, providing important building information and soliciting tenant feedback via short-form surveys." About Lane Lane was founded in 2014 to deliver the future of work to commercial real estate properties around the world. The first technology solution of its kind, Lane's workplace experience platform addresses the needs of the entire workplace ecosystem — from corporate tenants and their employees, to asset managers and on-site building teams, to retail tenants, visitors, and everyone in between. With clients such as Colliers, Hullmark, Dream, Atlas, Brookfield Properties, and Kipling, Lane currently operates in 150 buildings and 300 million sq. ft. of commercial real estate in major cities across North America and around the world, including New York, Los Angeles, Sydney, Dubai, Houston, Dallas, San Francisco, Denver, Washington D.C., Toronto, Vancouver, Calgary, and Montreal. As part of its global expansion, Lane is currently launching with new clients in Brazil, Germany, and the United Kingdom. About Nuveen Real Estate Nuveen Real Estate is one of the largest investment managers in the world with $127 billion of assets under management. With over 80 years of real estate investing experience and more than 660 employees* located across over 25 cities throughout the United States, Europe and the Asia-Pacific region, the firm offers unparalleled geographic reach, which is married with deep sector expertise. *Includes 315+ real estate investment professionals, supported by a further 345+ Nuveen employees.

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