Rexford Industrial Realty, Inc. acquired Five-property portfolio located across the LA, USA for approximately $200 million.
January 04, 2023
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Rexford Industrial Realty, Inc. (NYSE:REXR) acquired Five-property portfolio located across the LA, USA for approximately $200 million in fourth quarter of 2022. In aggregate, the portfolio totals 518,931 square feet on 24.6 acres of land and Rexford Industrial paid $382 per square foot. The properties are located at 2130-2140 E. Del Amo Boulevard and 20455 S. Reeves Avenue in Carson, 19145 Gramercy Place in Torrance, and 14874 Jurupa Avenue and 10600 Mulberry Avenue in Fontana.
Rexford Industrial Realty, Inc. (NYSE:REXR) completed the acquisition of Five-property portfolio located across the LA, USA in the fourth quarter of 2022.
Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. It acquires, owns, improves, redevelops, leases, and manages industrial real estate principally located in Southern California infill markets, through Rexford Industrial Realty, L.P. (Operating Partnership) and its subsidiaries. It also acquires or provides mortgage debt secured by industrial property. It provides property management services and leasing services to related parties and third-party property owners. Its property management services include performing property inspections, monitoring repairs and maintenance, negotiating vendor contracts, maintaining tenant relations and providing financial and accounting oversight. The Company's portfolio consists of over 422 properties with approximately 49.1 million rentable square feet.
REXFORD INDUSTRIAL REALTY, INC. 
