Rexford Industrial Realty Completes $1.2B Sale of 22 Properties

What Happened

• Rexford Industrial Realty, Inc. (REXR) and its Operating Partnership completed the disposition of a 22-property industrial portfolio to an affiliate of EQT Real Estate. The transaction closed on September 17, 2026 pursuant to an Agreement of Purchase and Sale dated August 13, 2026 (with amendments on September 10 and September 16, 2026).
• The aggregate purchase price was approximately $1.2 billion, before customary credits, prorations and closing adjustments. Rexford furnished a press release under Regulation FD (Exhibit 99.1) announcing the closing.

Key Details

• Buyer: affiliate of EQT Real Estate (listed in the agreement as Exeter 10545 Production, LLC).
• Portfolio: 22 industrial properties (previously disclosed in Rexford’s Form 8‑K filed August 18, 2026).
• Purchase price: ~ $1.2 billion aggregate, subject to customary closing adjustments.
• Use of proceeds: Company intends to use net proceeds for general corporate purposes, including debt repayment, repurchases of common stock, and internal repositioning and development projects.

Why It Matters

• This sizable disposition materially rebalances Rexford’s asset base and will provide substantial liquidity — enabling debt reduction, share repurchases, and funding for redevelopment or internal projects as stated by the company.
• For investors, the sale may affect leverage, cash flow flexibility and capital allocation priorities; Rexford’s stated intended uses of proceeds are concrete, but the filing does not disclose exact net proceeds or how much will be allocated to each purpose.
• The company’s formal press release and the executed purchase agreement (with amendments) are filed as exhibits to the 8‑K for additional details.