Rexford to sell industrial portfolio to EQT affiliate for $1.2 billion

Rexford Industrial Realty

18/08/2026 14:58

Aug 18 (Reuters) - Rexford Industrial Realty REXR.N said on Tuesday it agreed to sell a portfolio of 22 industrial properties to an affiliate of EQT Real Estate for about $1.2 billion, part of its $2 billion plan to dispose of non-core assets and recycle capital.
    
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Shares of the REIT were up 1.4% in early trading.
The deal is expected to close by the end of the third quarter of 2026, subject to customary closing conditions.
The sale is part of Rexford's previously announced $2 billion portfolio realignment program, the company said.
Rexford intends to use the net proceeds to support its capital allocation priorities, including a 2027 debt repayment, share repurchases and development projects.
Rexford's portfolio consists of about 414 properties with 50.4 million rentable square feet, according to LSEG data.
The Los Angeles-based REIT, which invests and operates industrial properties throughout infill Southern California, also reaffirmed its 2026 forecast.


 (Reporting by Anshuman Tripathy in Bengaluru; Editing by Tasim Zahid)
 ((Anshuman.Tripathy@thomsonreuters.com;))