Rexford Industrial has acquired eight industrial properties in infill Southern California markets for $205 million. The purchases were made with cash on hand in February and March. Rexford will execute a value-add strategy on the properties, the firm’s typical investment strategy.

Rexford acquired 13700-13738 Slover Avenue in Fontana for $13.2 million. The company plans to redevelop the 4.2-acre site, with plans to develop a 95,000-square-foot single-tenant warehouse building with high-visibility and frontage along Interstate-10 freeway. The deal will generate a 6.6% unlevered stabilized cash yield on total investment.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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