Rexford Industrial Realty has been flying under the radar as it grows its industrial portfolio in SoCal by focusing on off-market transactions for prime infill properties.
Rexford has been on an acquisition binge totaling $774M since the beginning of the year, growing its industrial portfolio to 322 properties encompassing nearly 39M SF of rentable space. The company says it has an additional $600M in investments under contract or with an accepted offer.
In announcing its latest acquisitions—four industrial infill properties that were purchased for a total of $163.8M—Rexford boasted that it has a "regional sharpshooter advantage" that enables the company to zero in on prime landfill properties in off-market transactions fueled by a healthy cash-on-hand balance sheet.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
