Rexford Plans Up to $2B in Sales After Posting $507M Loss in Q2 – Commercial Observer
Rexford Industrial Realty is dramatically accelerating its shift from being the most aggressive industrial buyer in Southern California into perhaps the region’s biggest seller. The Los Angeles-based real estate investment trust (REIT) has identified about $2 billion of “noncore assets” for disposition as it continues to prioritize keeping tenants in Rexford buildings. That property sales…