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…
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…
BELLINGS Intelligence Score: 18
Why it matters
This is a sizable but routine portfolio sale within the commercial real estate sector involving known players, representing ordinary portfolio management rather than a structural market shift or novel financing development.
Sources
Connect CRE
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…
Commercial Observer
Rexford to Sell $1.2B SoCal Portfolio to EQT
Rexford Industrial Realty is significantly slimming down its portfolio in Southern California. The Los Angeles-based industrial real estate investment trust (REIT) announced it has agreed to sell a portfolio of properties to an affiliate of EQT Real Estate for approximately $1.2…