Rexford Industrial Realty buys properties for $1 bln from Blackstone Real Estate [Reuters]
Blackstone Inc. (BX)
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Source: Reuters
Thursday it had acquired industrial properties for $1 billion from Blackstone Real Estate (BX.N) , opens new tab Rexford has acquired about 3 million square feet of industrial properties located in Southern California for about $332 per square foot on average. The investment was funded using proceeds from Rexford Industrial's exchangeable senior note offerings and cash on hand. Get U.S. personal finance tips and insight straight to your inbox with the Reuters On the Money newsletter. Sign up here. Reporting by Aishwarya Jain in Bengaluru; Editing by Alan Barona Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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