LOS ANGELES, Dec. 4, 2020 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of an industrial property portfolio for $154.6 million. The acquisition was funded with cash on hand. "This investment demonstrates Rexford's sharp-shooter advantage by leveraging our proprietary originations platform to acquire an 18-building portfolio of irreplaceable industrial properties through an off-market transaction in one of the nation's lowest-supply, highest-demand submarkets," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company.