Rexford Industrial Realty Announces $1.2B Sale of 22-Property Portfolio

What Happened
Rexford Industrial Realty, Inc. (through its Operating Partnership) announced it entered into a Purchase and Sale Agreement (PSA) to sell a portfolio of 22 industrial properties to an affiliate of EQT Real Estate for an aggregate purchase price of approximately $1.2 billion. The Purchase Price is payable in cash at closing. The parties expect the transaction to close by September 30, 2026. The PSA includes customary representations, covenants and post-closing obligations; the Company said the PSA description in the 8-K is qualified by the full PSA, which will be filed as an exhibit to its Q3 2026 Form 10-Q.

Key Details

• Buyer: affiliate of EQT Real Estate.
• Assets: 22 industrial properties (the “Portfolio”).
• Price & payment: ~ $1.2 billion aggregate purchase price, payable in cash at closing, subject to customary credits, prorations and adjustments.
• Timing & conditions: expected closing by September 30, 2026; sale is not subject to any due diligence condition but remains subject to customary closing conditions (e.g., no material breach, no governmental prohibition, receipt of required tenant estoppels).

Why It Matters
This is a material disposition of industrial properties that will generate a significant cash inflow for Rexford (around $1.2B before adjustments) if the transaction closes as expected. For investors, the sale could affect Rexford’s portfolio size, liquidity and capital allocation (cash received at closing), and may be followed by disclosure of how proceeds will be used in future filings. The full PSA and additional details will be provided in the Company’s Q3 2026 Form 10-Q and related exhibits.