Rexford Industrial Realty isn't slowing down. It has continued its aggressive portfolio expansion this year. In its latest round of acquisitions, the firm purchased six Southern California industrial properties totaling $153 million. Year-to-date, Rexford has spent $610 million on industrial properties in the region.

In keeping with Rexford's standard strategy, the company acquired all six of its most recent purchases through off-market or lightly marketed deals and funded the purchases with cash-on-hand and the company's line of credit. This year, 85% of the company's purchases have been sourced through off-market or lightly markets deals.

The firm completed the latest round of acquisitions in April and May. The list of purchases starts with a development site at 7815 Van Nuys Boulevard in Panorama City that was purchased for $25 million. Rexford will demolish the existing property and build a 77,000-square-foot class-A industrial building, which is projected to generate 4.7% unlevered cash yield on total investment upon initial stabilization.