The slowdown in CRE transactions in the second half of last year was reflected in the reduced volume of Rexford Industrial Realty’s acquisitions binge in Southern California, where the REIT has been scooping up tranches of infill properties in mostly cash transactions for the past two years.

Last week, Rexford reported that its total industrial acquisitions tally for 2023 was $1.5B, which still qualifies as a binge but is almost 40% lower than the $2.4B total for 2022.


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Jack Rogers

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