Rexford Industrial Realty is showing no signs that its voracious appetite for acquiring infill and other industrial sites in Southern California will be sated any time soon.
The pure-play REIT, which acquired more than $2B in SoCal infill sites last year, announced this week that it has acquired three more industrial properties for an aggregate purchase price of $357M. The REIT's year-to-date acquisitions for 2023 is already at $762M.
In off-market and lightly marketed transactions the company acquired 3520 Challenger Street in Torrance, located in the LA – South Bay submarket, for $14.2M.
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