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NEWPORT BEACH, CA-Australian REIT Dexus took a big step Wednesday in a plan to invest at least $600 million in industrial properties in three West Coast port markets, primarily in the Greater Los Angeles area, when the Sydney-based company opened an office here and staffed it with a team to execute its West Coast strategy. 

Dexus CEO Victor Hoog Antink tells GlobeSt.com that the strategy involves selling the company’s East Coast and Central US holdings over the next few years in order to concentrate its portfolio on the West Coast. That plan is intended to replicate the company’s Australian strategy of investing in a very few markets but with a high concentration of holdings in those markets, which has worked very well for the REIT in Australia, Hoog Antink explains.

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