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California  + Inland Empire  + Industrial  | 
340-344 Bonnie Circle Corona

Rexford Goes Big for SoCal Industrial

Rexford Industrial Realty Inc. recently acquired five industrial properties in Southern California for an aggregate purchase price of $125.9 million. The company also announced the disposition of one property for $11.7 million. The acquisitions were funded using a combination of 1031 disposition proceeds and cash on hand.

“These investments demonstrate Rexford’s ability to leverage our value-add expertise and proprietary access to the nation’s strongest and most highly valued industrial market to generate substantially above-market cash yields and return on investment,” said Howard Schwimmer and Michael Frankel, co-chief executive officers of the company. “Our $1.4 billion of investments completed year-to-date within infill Southern California are indicative of Rexford’s growth opportunity as we deepen our market penetration within the nation’s highest-barrier industrial market. With over $300 million of acquisitions under contract or accepted offer, our accretive internal and external growth supported by our low-leverage fortress-like balance sheet enable us to continue to generate favorable cashflow growth and long-term value for our stakeholders.”

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Howard Schwimmer

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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