The acquisition encompasses 32 buildings strategically positioned across Southern California. EQT reported that the properties currently maintain a 96% occupancy rate, hosting a diverse array of tenants. The firm intends to leverage this footprint to capitalize on the sustained demand for industrial space near major shipping gateways.
In section Market Quotes
EQT Acquires Southern California Logistics Hubs for $1.2 Billion
Swedish buyout group EQT AB has finalized a $1.2 billion deal to acquire a massive logistics portfolio from Rexford Industrial Realty. The transaction signals a strategic expansion for EQT into Southern California, targeting supply-constrained industrial markets that rely heavily on the region’s critical port infrastructure.
For Rexford Industrial Realty, the divestment serves as a central pillar of its broader capital realignment strategy. The company is actively shedding $2 billion in noncore assets to strengthen its balance sheet. With this latest transaction, Rexford has successfully offloaded $1.5 billion worth of property year-to-date, accelerating its push to optimize its holdings.
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