LOS ANGELES—During a recent session at the national GlobeSt. Net Lease fall conference, net lease REIT executives discussed new opportunities to diversify portfolios and examined market shifts that are having an impact on operations.

For panelist Michael McKenna, vice president of leasing at Rexford Industrial, the firm’s leverage is still low. The current challenge for the industrial REIT mainly in Southern California is availability. “We are still seeing demand for product with rates still going up,” he said. “We are 99% occupied and what is left over is rough.”


GlobeSt Net Lease Spring 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.