Dec
29
Rexford 2015 Acquisitions Surpass $230M
ByNEW event in SoCal! Meet the people leading the sector at RealShare Industrial West. The Westin Long Beach, January 19-20. Room block available.
Michael Frankel is one of the co-CEOs of Rexford Industrial.LOS ANGELES—Rexford Industrial, a public industrialREIT, has exceeded $230 million in investments for the year. Sticking to its infill industrial strategy, the firm has purchased 20 new assets in Southern California, where is focuses, and more than 2 million square feet this year alone. The purchases include value-add plays in markets throughout Southern California.“The majority of what we acquired this year was through off market or lightly marketed transactions,” Michael Frankel, a co-CEO of Rexford Industrial, tells GlobeSt.com. “We don’t typically buy marketed transactions because we continue to approach what some people might describe as peak levels. That is primarily why we focus on off-market transactions, and that is a fundamental differentiator for Rexford in that we have dedicated ourselves to growing a business that through different efforts and initiatives are able to identify opportunities. That is really key to our business.”…
