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Rexford to sell $1.2B industrial portfolio to EQT affiliate
The REIT expects the deal to close by the end of the third quarter of 2026 as part of a planned $2.0 billion non-core asset disposition program.
Rexford Industrial Realty, Inc., a REIT focused on Southern California infill industrial properties, said it has agreed to sell an industrial portfolio to an affiliate of EQT Real Estate for approximately $1.2 billion, according to ConnectCRE.
The company expects the transaction to close by the end of the third quarter of 2026. The sale is part of Rexford’s previously announced portfolio realignment, a $2.0 billion disposition initiative aimed at shedding non-core assets.
Rexford said the dispositions generally include properties that do not fit its go-forward strategy, such as assets with limited long-term value creation potential, elevated competitive supply, shorter remaining lease durations, and above-market in-place rents.
In a statement, CEO Laura Clark said the transaction is a step in the company’s portfolio realignment and reflects its approach to capital allocation, citing an effort to recycle capital into properties expected to offer stronger long-term cash flow growth.