The transaction, expected to close by the end of the third quarter of 2026, carries an estimated 5.5% cash NOI yield for 2027. This figure accounts for the anticipated roll-down of above-market rents and expected tenant moveouts. By shedding these non-core assets, Rexford aims to sharpen its focus on properties that promise stronger cash flow and value appreciation.
In section Releases
Rexford Industrial Sells $1.2 Billion Portfolio to EQT Real Estate
A $1.2 billion industrial portfolio is changing hands as Rexford Industrial Realty pivots toward core assets. The deal, involving an affiliate of EQT Real Estate, marks a significant push in the company’s $2 billion realignment plan, shifting capital away from properties with limited long-term growth potential in Southern California.
CEO Laura Clark described the move as a disciplined effort to recycle capital into higher-return projects. Proceeds from the sale are earmarked for debt reduction, share repurchases, and internal development initiatives. With this latest agreement, Rexford reaches $1.5 billion in closed or contracted dispositions for the year, keeping the firm on track to meet its annual guidance of $1.5 to $2.0 billion. The company continues to negotiate additional sales as part of its broader strategy to strengthen its balance sheet.
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