Mergers & Acquisitions ·
Rexford Industrial Realty entered into a definitive Agreement of Purchase and Sale to sell a portfolio of 22…
REXR-PBRexford Industrial Realty, Inc.
Rexford Industrial Realty entered into a definitive Agreement of Purchase and Sale to sell a portfolio of 22 industrial properties to an affiliate of EQT Real Estate for approximately $1.2 billion in cash. The transaction is expected to close by September 30, 2026, subject to customary closing conditions including tenant estoppels and no governmental prohibitions. This sale advances the company's portfolio realignment initiative, bringing year-to-date dispositions to $1.5 billion and positioning the firm within its full-year guidance range of $1.5 to $2.0 billion. Net proceeds will support debt repayment, share repurchases under a $1.0 billion program, and internal development projects. Rexford Industrial Realty operates as a real estate investment trust focused on investing in and operating industrial properties throughout infill Southern California.