Rexford strikes $1.2B industrial portfolio deal with EQT amid strategic selloff

Southern California-based Rexford Industrial Realty is selling nearly two dozen industrial properties for more than $1 billion.  Los Angeles-based Rexford has a deal to sell 22 industrial holdings to an affiliate of EQT Real Estate for roughly $1.2 billion, L.A. Business First reported. Rexford has not disclosed the locations of the properties.   The deal, expected to close by October, is part of Rexford’s previously announced $2 billion portfolio realignment. The company has bought or put under contract roughly $1.5 billion in property this year, putting it within its full-year target of $1.5 billion to $2 billion in sales. The portfolio […]

This article originally appeared on The Real Deal. Click here to read the full story.