Rexford Industrial Acquires Industrial Property For $15.5 Million

PR News Wire | April 09, 2020


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

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Lone Wolf Technologies | August 26, 2021

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