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Published 1 month ago

Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment - Blackstone Mortgage Trust (NYSE:BXMT), Blackstone (NYSE:BX)

Summary by Benzinga
LOS ANGELES and NEW YORK, March 28, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. ("Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone (NYSE:BX), today announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions wit…

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The Business JournalsThe Business Journals

Rexford Industrial buys $1 billion Southern California industrial portfolio from Blackstone

The portfolio comprises 48 warehouses spanning 3 million square feet.

1 month ago·United States
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BenzingaBenzinga

Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment - Blackstone Mortgage Trust (NYSE:BXMT), Blackstone (NYSE:BX)

LOS ANGELES and NEW YORK, March 28, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. ("Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone (NYSE:BX), today announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions wit…

1 month ago·New York, United States
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BloombergBloomberg

Blackstone Sells $1 Billion Of California Warehouses To Rexford

(Bloomberg) -- Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion. The properties total more than 3 million square feet (279,000 square meters), according to a statement Thursday. They are 98% leased and mostly located in Los Angeles and Orange counties. Rexford’s acquisition was handled in separate transactions with Blackstone Real Estate.The investments “represent a significant opportunit…

1 month ago·United States
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