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Rexford Industrial Acquires Two Industrial Properties For $43.5M

by benzinga.com posted 1month ago 22 views
LOS ANGELES, Dec. 3, 2018 /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 $43.5 million. The acquisitions were funded using available cash on hand. "We continue to leverage our deep market knowledge and proprietary originations platform to source attractive off-market investments in Southern California's high-demand infill industrial market," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company.

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