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Rexford 2015 Acquisitions Surpass $230M

LOS ANGELES—The industrial REIT continues its infill strategy this year, buying 20 high-quality investments for the year and adding 2 million square feet to its portfolio.

By Kelsi Maree Borland | Updated on December 28, 2015

LOS ANGELES—Rexford Industrial, a public industrial REIT, has exceeded $230 million in investments for the year. Sticking to its infill industrial strategy, the firm has purchased 20 new assets in Southern California, where is focuses, and more than 2 million square feet this year alone. The purchases include value-add plays in markets throughout Southern California.

“The majority of what we acquired this year was through off market or lightly marketed transactions,” Michael Frankel, a co-CEO of Rexford Industrial, tells GlobeSt.com. “We don’t typically buy marketed transactions because we continue to approach what some people might describe as peak levels. That is primarily why we focus on off-market transactions, and that is a fundamental differentiator for Rexford in that we have dedicated ourselves to growing a business that through different efforts and initiatives are able to identify opportunities. That is really key to our business.”

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