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Rexford Industrial Acquires Two Industrial Properties For $30.3M

by benzinga.com posted 2weeks ago 8 views
LOS ANGELES, May 8, 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 for a combined $30.3 million. The acquisitions were funded using cash on hand. "We are pleased with our recent transaction activity as we continue to consolidate accretive industrial property investments within Southern California's high-barrier infill market, the largest, most sought-after industrial market in the country," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company.

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