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Rexford Industrial Acquires Two Industrial Properties For $139M

by benzinga.com posted 3months ago 21 views
LOS ANGELES, April 29, 2019 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the acquisition of two industrial properties, comprising six buildings for a total of $139 million. The acquisitions were funded using cash on hand and draws on the Company's line of credit. "We continue to leverage our deep local knowledge and proprietary sourcing methods to identify high-quality, accretive investments within our target infill Southern California industrial markets," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company.

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