REXR - Mergers and acquisitions

LOS ANGELES and NEW YORK, March 28, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. ("Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone (NYSE:BX), today announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1.0 billion.

– Industrial Property Acquisition within Prime Infill Southern California Submarket –– Year-to-Date Investments total $1.1 Billion – LOS ANGELES, July 24, 2023 /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 throughout infill Southern California, today announced the acquisition of an industrial property for a purchase price of $210 million. The acquisition was funded using proceeds from forward equity settlements of which the Company now has approximately $448 million remaining for settlement.

– Acquires Ten Industrial Properties within Prime Infill Southern California Submarkets –– Increases Portfolio Square Footage by 15% Over Prior Year to 42.4 Million Square Feet – LOS ANGELES, Jan. 5, 2023 /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 throughout infill Southern California, today announced the acquisition of ten industrial properties for an aggregate purchase price of $336.2 million. The transactions were funded using a combination of cash on hand and proceeds from forward equity settlements. "Rexford Indust

– Acquires Seven Properties for $339 Million within Prime Infill Southern California Submarkets – – Year-to-Date Investments Total $2.0 Billion – LOS ANGELES, Sept. 7, 2022 /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 throughout infill Southern California, today announced the acquisition of seven industrial properties for an aggregate purchase price of $338.9 million. The purchases were funded using a combination of cash on hand and the Company's line of credit. "These investments demonstrate Rexford Industrial's unique a

– Acquires Seven Properties for $661 Million within Prime Infill Southern California Submarkets – – Year-to-Date Investments Total $1.6 Billion – LOS ANGELES, July 19, 2022 /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 throughout infill Southern California, today announced the acquisition of seven industrial properties for an aggregate purchase price of $660.9 million. The purchases were funded using a combination of cash on hand, proceeds from forward equity settlements and the Company's line of credit. "These investments

– Acquires Six Properties for $218.4 Million within Prime Infill Southern California Submarkets – – Year-to-Date Investments Total $993 Million – LOS ANGELES , June 21, 2022 /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 throughout infill Southern California, today announced the acquisition of six industrial properties for an aggregate purchase price of $218.4 million. The purchases were funded using a combination of cash on hand and the Company's line of credit. "Rexford Industrial continues to leverage its differentiated

– Acquires Four Properties for $164 Million within Prime Infill Southern California Submarkets – – Year-to-Date Investments Total $774 Milliacquon – LOS ANGELES, June 1, 2022 /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 throughout infill Southern California, today announced the acquisition of four industrial properties for an aggregate purchase price of $163.8 million. The purchases were funded using a combination of cash on hand, the Company's line of credit and units in the Company's operating partnership ("OP Units").

- Acquires Six Properties for $153 Million within Prime Infill Southern California Submarkets - - Year-to-Date Investments Total $610 Million - LOS ANGELES, May 10, 2022 /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 throughout infill Southern California, today announced the acquisition of six industrial properties for an aggregate purchase price of $152.7 million. The purchases were funded using a combination of cash on hand and the Company's line of credit. "Acquired through off-market and lightly marketed transactions, t

– Acquires Four Properties for $83 Million within Prime Infill Southern California Submarkets – - First Quarter Investments Total $458 Million - LOS ANGELES, April 5, 2022  /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 throughout infill Southern California, today announced the acquisition of four industrial properties for an aggregate purchase price of $82.7 million. The purchases were funded using a combination of cash on hand, operating partnership units, proceeds from forward equity settlements and the Company's line of

LOS ANGELES, March 9, 2022 /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 throughout infill Southern California, today announced the acquisition of eight industrial properties for an aggregate purchase price of $205.2 million. The purchases were funded using cash on hand. "These investments reflect our team's ability to leverage its regional sharpshooter advantage and value-add expertise to deepen our presence within infill Southern California, the nation's most sought-after industrial market, while generating substantially

LOS ANGELES, Feb. 8, 2022 /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 five industrial properties for an aggregate purchase price of $170.0 million. The Company also announced the disposition of one property for $16.5 million. The acquisitions were funded using a combination of cash on hand and 1031 disposition proceeds.  "We are pleased to maintain our strong momentum into 2022 as our transaction activity continues to demonstrate Rexford Industrial

PS Business Parks, Inc. (NYSE:PSB) today announced the appointments of Stephen W. Wilson as interim President and Chief Executive Officer and Maria R. Hawthorne as interim Chief Operating Officer, effective January 17, 2022. Mr. Wilson has been a director of the Company since 2019 and served as Executive Vice President—Development at AvalonBay Communities, Inc. (NYSE:AVB) prior to his retirement in 2019. Ms. Hawthorne has been a Company director since 2016 and previously served in various senior leadership positions at the Company, including as President and Chief Executive Officer, prior to her retirement in 2021. Dan "Mac" Chandler, III, the Company's President and Chief Executive Office

LOS ANGELES, Jan. 3, 2022 /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 eight industrial properties for an aggregate purchase price of $270 million. The acquisitions were funded using cash on hand and proceeds from forward equity settlements. For the full year 2021, the Company acquired $1.9 billion of industrial properties, bringing the Company's total portfolio to 296 properties comprising approximately 37.1 million square feet within prime infill

LOS ANGELES, Dec. 20, 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 five industrial properties for an aggregate purchase price of $141.4 million. The acquisitions were funded using cash on hand. "These five investments, acquired through off-market transactions, reflect our ability to capitalize upon Rexford's deep, local sharp-shooter market knowledge and relationships, our value-add expertise and proprietary access to the infill Southern Califo

LOS ANGELES, Nov. 22, 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 five industrial properties 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 stro

PS Business Parks, Inc. (NYSE:PSB) announced today that Adeel Khan has been appointed as the Company's Executive Vice President, Chief Financial Officer and Corporate Secretary, effective January 10, 2022. Jeffrey D. Hedges will continue to serve as the Company's Executive Vice President, Chief Financial Officer and Corporate Secretary until November 12, 2021 and has agreed to serve as a consultant to the Company until February 11, 2022 to facilitate the transition. Mr. Khan previously served as Chief Financial Officer of Rexford Industrial Realty, Inc. (NYSE:REXR) ("Rexford") from July 2013 through August 2020 and as Corporate Controller for Rexford's predecessor business from March 2012

LOS ANGELES, Oct. 4, 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 two industrial properties comprised of an aggregate 421,824 square feet and one 80.2 acre industrial storage site for an aggregate purchase price of $285.6 million. The company also announced the disposition of a 71,600 square foot property for $18.6 million. The acquisitions were funded using a combination of 1031 disposition proceeds, cash on hand, and proceeds from the Company

LOS ANGELES, Sept. 13, 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 four industrial properties comprising 837,500 square feet of improvements, for an aggregate purchase price of $250.5 million. The acquisitions were funded using cash on hand and proceeds from forward equity settlements. "These investments demonstrate Rexford's unique access to supply-constrained infill Southern California, the nation's most sought-after industrial market," said

LOS ANGELES, Aug. 23, 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 two industrial properties comprising 629,224 square feet of improvements across eight industrial buildings for an aggregate purchase price of $194.4 million. The acquisitions were funded using cash on hand.  "These investments, acquired through off-market transactions, demonstrate the company's programmatic and proprietary approach to identifying exceptionally well-located, off-

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

LOS ANGELES, June 24, 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, announced the acquisition of five industrial properties comprising 660,254 square feet of improvements on 28.8 acres of land for an aggregate purchase price of $188.9 million. The acquisitions were funded using a combination of cash-on-hand and proceeds from the Company's previously executed forward equity offerings.

LOS ANGELES, June 7, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, announced the acquisition of five industrial properties comprising 79,305 square feet of improvements on 18.8 acres of land for an aggregate purchase price of $68.1 million. The Company also announced the disposition of one industrial property for $8.2 million. The acquisitions were funded using a combination of cash-on-hand and 1031 disposition proceeds. "These investments, acquired through off- and lightly-marketed transactions, demon

LOS ANGELES, March 31, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company") (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 five industrial properties representing 382,314 square feet of improvements for an aggregate purchase price of $68.8 million. The Company also announced the disposition of one industrial property for $1.5 million. The acquisitions were funded using a combination of cash-on-hand and 1031 proceeds from the disposition. "These investments deepen our presence within infill Southern California, the nation

LOS ANGELES, Feb. 8, 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 representing 176,670 square feet of improvements, a 2.5 acre industrial outdoor storage site and a 5.6 acre redevelopment site for an aggregate purchase price of $72.7 million. The acquisitions were funded using a combination of cash-on-hand, 1031 proceeds and the assumption of debt on one property. "As we start the year, we are very pleased with o

LOS ANGELES, Jan. 4, 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 a four-building industrial portfolio and an industrial outdoor storage property for $103.1 million. The acquisitions closed on December 31, 2020 and were funded using newly issued operating partnership units (the "OP Units") and cash on hand.  For the full year 2020, the Company acquired $1.22 billion in industrial properties, representing 5.0 million square feet, bringing th

LOS ANGELES, Dec. 17, 2020 /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 a six-building industrial portfolio for $93.8 million and the acquisition of an industrial outdoor storage yard for $16.8 million. The acquisitions were funded using cash on hand. "We continue to leverage our proprietary, research-driven originations platform to source attractive off-market investment opportunities in the high-demand, low-supply Southern California infill in

LOS ANGELES, Dec. 7, 2020 /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 a four-building industrial portfolio for $129.4 million. The acquisition was funded with cash on hand. "Acquisitions year-to-date have surpassed $1 billion, and Rexford's irreplaceable, superior quality infill Southern California portfolio now exceeds 30 million square feet," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company. "The acquisi

LOS ANGELES, Dec. 4, 2020 /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 an industrial property portfolio for $154.6 million. The acquisition was funded with cash on hand. "This investment demonstrates Rexford's sharp-shooter advantage by leveraging our proprietary originations platform to acquire an 18-building portfolio of irreplaceable industrial properties through an off-market transaction in one of the nation's lowest-supply, highest-demand s