REAL ESTATE ADVICE

REXFORD INDUSTRIAL ANNOUNCES APPOINTMENT OF ANGELA KLEIMAN TO BOARD OF DIRECTORS

REXFORD INDUSTRIAL | December 28, 2021

REXFORD_INDUSTRIAL_ANNOUNCES
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 that Angela Kleiman has been appointed as an independent director to the Company's Board of Directors effective December 31, 2021.

Ms. Kleiman is currently Senior Executive Vice President and Chief Operating Officer of Essex Property Trust (NYSE: ESS), a fully integrated real estate investment trust (REIT) and an S&P 500 company.  Essex acquires, develops, redevelops and manages multifamily residential properties in select West Coast markets. Ms. Kleiman leads operations, which includes asset and property management, technology and data analytics, research and redevelopment. Ms. Kleiman previously served as the Essex Executive Vice President and Chief Financial Officer from 2015 to 2020 and managed the Essex Private Equity platform from 2009 to 2015. Prior to joining Essex, Ms. Kleiman held roles in institutional investment management and investment banking including Senior Equity Analyst and Vice President of Investor Relations at Security Capital and Vice President within J.P. Morgan's Real Estate & Lodging Investment Banking Group. Ms. Kleiman began her career in real estate development management in 1991. She holds a Bachelor of Science from Northwestern University and a Master of Business Administration from Northwestern's Kellogg School of Management. She is a member of NAREIT and the National Multifamily Housing Council.

We are excited to add Angela to Rexford Industrial's Board of Directors, Angela brings a wide breadth of real estate industry knowledge and valuable experience in the areas of operations, finance and real estate investments.  We look forward to benefiting from her engagement and guidance as we continue to grow our platform and create value for our shareholders by investing in the infill Southern California industrial market."

Diana Ingram, Director and Chairperson of the Company's Nominating and Corporate Governance Committee.

In connection with Rexford Industrial's ongoing pursuit of enhanced board diversity and refreshment, Peter Schwab will be retiring from the Board at the end of his current term and will not stand for re-election.  Mr. Schwab's decision was not due to any disagreement with the Company on any matter relating to its operations, policies or practices.

We are thankful for Peter's many years of service to the Company, having served on the board since 2014. At the same time, we look forward to Angela joining the Board as we continue to add new perspectives and expertise." 

Richard S. Ziman, Chairman of Rexford Industrial.

About Rexford Industrial
Rexford Industrial, a real estate investment trust focused on creating value by investing in and operating industrial properties throughout Southern California infill markets, owns 288 properties with approximately 36.1 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

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