Rexford Industrial Realty has entered into a definitive agreement 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 third quarter 2026, subject to customary closing conditions. The 2027 cash net operating income (NOI) yield is estimated to be 5.5 percent and reflects the anticipated roll-down of above-market in-place rents and expected moveouts.
The portfolio transaction is part of Rexford Industrial’s previously announced portfolio realignment, a $2 billion disposition initiative of non-core assets that enhances the company’s portfolio quality, cash-flow durability and balance-sheet strength. The planned non-core dispositions generally consist of properties that do not align with the company’s go-forward strategy, including assets with limited long-term value creation potential, elevated competitive supply, shorter remaining lease durations and above-market in-place rent
