Rexford Industrial Realty buys properties for $1 billion from Blackstone RE
Fri, Mar 29, 2024 7:06 PM

Rexford Industrial Realty buys properties for $1 billion from Blackstone RE

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Rexford Industrial Realty, a real estate investment trust (REIT), said on Thursday it had acquired industrial properties for $1 billion from Blackstone Real Estate. Rexford has acquired about 3 million square feet of industrial properties located in Southern California for about $332 per square foot on average. The investment was funded using proceeds from Rexford Industrial's exchange.

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