Rexford Industrial Completes $1.2 Billion Portfolio Sale to EQT Real Estate Affiliate
Rexford Industrial Realty, Inc. has completed a $1.2 billion sale of an industrial portfolio comprising 22 properties totaling 5.2 million rentable square feet to an affiliate of EQT Real Estate. This transaction is part of the company's broader $2.0 billion initiative to realign its non-core assets and strengthen financial performance. The deal advances Rexford Industrial’s progress in its year-to-date disposition efforts, with a total of $1.5 billion already completed as of September 2026. The portfolio had an average lease term of 2.7 years at closing, with rents currently above market by 28%. Proceeds from the sale have been used to repay debt and repurchase shares, contributing to improved balance sheet strength. The company reaffirmed its full-year guidance for dispositions between $1.5 billion and $2.0 billion while emphasizing a focus on long-term value creation through strategic realignment.