Rexford Industrial Realty Buys Eight Industrial Properties For $270 Mln

By RTTNews Staff Writer ✉ | Published: 1/3/2022 7:13 AM ET

Rexford Industrial Realty Inc. (REXR) announced the acquisition of eight industrial properties within Prime Infill Southern California Submarkets for an aggregate purchase price of $270 million. The acquisitions were funded using cash on hand and proceeds from forward equity settlements.

For the full year 2021, the company acquired $1.9 billion of industrial properties, bringing the Company's total portfolio to 296 properties comprising about 37.1 million square feet within prime infill Southern California "last-mile" submarkets.

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