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.”

 

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