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Rexford Industrial Acquires Blackstone Industrial Assets | FinOracle

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Rexford Industrial Acquires Blackstone Industrial Assets

Rexford Industrial, a REIT listed on NYSE, acquires 48 properties for $1 billion, totaling 3,008,000 square feet. Blackstone is a global leader in real estate investing. For more information, visit www.rexfordindustrial.com.

by Mark Eisenberg
Fri, Mar 29, 2024 7:14am
in Business
• 2 mins read
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Rexford Industrial Acquires Blackstone Industrial Assets | FinOracle

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Rexford Industrial Teams Up with Blackstone in a $1 Billion Industrial Property Acquisition

In a significant move within the commercial real estate sector, Rexford Industrial Realty, Inc. (REXR), in partnership with Blackstone, has announced a monumental acquisition. The deal encompasses roughly 3 million square feet of industrial properties across Southern California, previously held by various Blackstone Real Estate entities, equating to a staggering $1.0 billion transaction.

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