Insider-turned-outsider sells more shares of industrial REIT
Michael Frankel keeps selling shares of his old REIT. In early July, he proposed the sale of about 59,000 shares of Rexford, a chunk that had a market value of $2 million, per a Securities and Exchange Commission filing. A month earlier, he proposed the sale of about 21,500 shares, valued at more than $750,000. In mid-March — before Laura Clark officially took the corner office post-Elliott stake — he sold more than 23,000 shares, which came to $800,000-plus. That’s more than $3.5 million in the former co-CEO’s pocket in a matter of months, and he’s got plenty more shares. […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Tile Drenching: The Bold Bathroom Tile Trend That Maximizes Space and Adds Luxury
LA REITs Douglas Emmett, Hudson Pacific Properties earnings highlights
Inside a Modern Hamptons Home With Views in Nearly Every Direction
Matteo Thun designs Torre Velasca interiors using "building itself as the starting point"
SABO Project "softens divisions" inside Manhattan apartment
Nithya Raman won. Now what?
This Breezy Los Angeles House Has “a Little Funk to It”
Developer pitches data center at City of Industry golf course
A.J. Khair advancing resi, retail project on Sunset Strip in WeHo
Kim Kardashian’s Beverly Hills Marital Villa Lists for $8.5 Million—Plus 4 More Luxury Homes for Sale
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA