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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