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.
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