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Stock impact report

Rexford Industrial Announces $115.2 Million Of Investment Activity

Rexford Industrial Realty, Inc. (REXR) 
Last rexford industrial realty, inc. earnings: 2/11 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.rexfordindustrial.com
Company Research Source: PR Newswire
LOS ANGELES, Aug. 11, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of three industrial properties comprised of a 5.8 acre redevelopment site, a 107,023 SF industrial building and a 22.3 acre industrial outdoor storage site for an aggregate purchase price of $115.2 million. The acquisitions were funded using cash on hand. "These investments demonstrate Rexford's ability to create value by leveraging our value-add industrial property expertise and proprietary access to infill Southern California, the nation's largest and most sought-after industrial property market," said Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company. "Year to date, we have completed $585 million of acquisitions, with over $700 million of n Show less Read more
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