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LOS ANGELES-Rexford Industrial has acquired three properties inCalifornia and Nevada for $33 million as part of its plans toinvest $375 million in building its portfolio this year. Theprivately held firm will add an estimated three million sf more tothe company's portfolio with this year's acquisitions, according toHoward Schwimmer, managing member of Rexford.
Each of the three properties that Rexford bought has its ownunique investment potential, according to Schwimmer, who says thatRexford is looking at both value-added opportunities and stabilizedassets. The three sites include one in Las Vegas, one in RanchoCucamonga in the Inland Empire and a property in the South Baysubmarket of Los Angeles.
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