Rexford Industrial Acquires Two Industrial Properties For $26.8 Million
Rexford Industrial Realty, Inc. (REXR)
Last rexford industrial realty, inc. earnings: 2/11 04:15 pm
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ir.rexfordindustrial.com
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Source: PR Newswire
LOS ANGELES, Sept. 9, 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 off-market acquisition of two industrial properties for a total of $26.8 million. The acquisitions were funded using cash-on-hand."Acquired through two off-market transactions, these investments demonstrate the strength of our proprietary originations platform and ability to originate value-add investment opportunities capable of generating above-market cash yields within prime infill Southern California industrial markets," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company. "Bellflower Boulevard and Imperial Highway are both low-coverage industrial sites with value-add repositioning planned upon the expiration of in-place short-term leases that are currently at below-mar
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REXR
Earnings
- 10/16/24 - Miss
REXR
Sec Filings
- 12/20/24 - Form 4
- 12/17/24 - Form 4
- 11/25/24 - Form 4
- REXR's page on the SEC website