RTTNews | Jan 3, 2022 07:13AM EST

07:13 Monday, January 3, 2022 (RTTNews.com) - Rexford Industrial Realty Inc. (REXR) announced the acquisition of eight industrial properties within Prime Infill Southern California Submarkets 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 about 37.1 million square feet within prime infill Southern California "last-mile" submarkets.

Read the original article on RTTNews ( https://www.rttnews.com/3252343/rexford-industrial-realty-buys-eight-industrial-properties-for-270-mln.aspx)

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