Rexford Agrees to Divest $1.2B Non-Core Portfolio to EQT

Rexford Industrial Realty, Inc., a REIT specializing in Southern California infill properties, said Tuesday it had agreed to sell an industrial portfolio to an affiliate of EQT Real Estate for approximately $1.2 billion. The transaction is expected to close by the end of the third quarter of 2026.

The pending sale is part of Rexford’s previously announced portfolio realignment, a $2.0-billion disposition initiative of non-core assets that enhances the Company’s portfolio quality, cash flow durability and balance sheet strength. The company said the dispositions generally consist of properties that don’t align with its go-forward strategy, including assets with limited long-term value creation potential, elevated competitive supply, shorter remaining lease durations and above-market in-place rents.

“This transaction is a significant step in our portfolio realignment and underscores our disciplined approach to capital allocation,” said CEO Laura Clark. “By strategically recycling capital from select non-core assets, we are concentrating our portfolio around the properties we believe offer the strongest long-term cash flow growth and value creation opportunity.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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