Rexford Industrial Realty has acquired seven industrial properties for an aggregate purchase price of $338.9 million.
“These investments demonstrate Rexford Industrial's unique ability to create value and drive accretive cash flow growth by leveraging our value-add industrial property expertise and proprietary access to well-located, off-market investment opportunities within infill Southern California, the nation's largest and most sought-after industrial market,” said Howard Schwimmer and Michael Frankel, co-CEO of the company. "Our deep market penetration enables a highly selective approach to capital allocation, demonstrated by our $2 billion of investments year-to-date and pipeline of more than $200 million of additional investments under contract or accepted offer, which are projected to generate stabilized return on investment well in excess of market yields. The company is favorably positioned with a low-leverage balance sheet to deliver long-term value cr
