Rexford Industrial Acquires Industrial Property For $21.0 Million

Rexford Industrial Realty, Inc. | May 06, 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 $21.0 million. The acquisition was funded using cash on hand. "We continue to leverage our deep market relationships and proprietary originations platform to source attractive, off-market opportunities in Southern California's infill industrial market," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company. "Located within the highly supply-constrained LA – Central submarket, Flotilla Street represents a highly-functional, prime infill location positioned to drive significant cash flow growth as the in-place rent is estimated to be substantially below-market with a near-term expiration. Looking forward, we remain pleased with our pipeline of internal and external growth opportunities, enabling us the opportunity to drive cash flow growth and value for our shareholders."

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For generations, public markets have been the beating heart of capitalism, reaching their zenith in the latter part of 20th Century, when stock markets in Wall Street, the City of London, Hong Kong, and others were the great centers of capital raising, corporate investment and growth.

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REAL ESTATE INVESTMENT, BUYING/SELLING

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PRnewswire | March 30, 2023

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

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Newswire | May 29, 2023

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

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Businesswire | May 30, 2023

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