Rexford Industrial agrees to sell industrial portfolio to EQT Real Estate affiliate for $1.2 billion
I'm LongbridgeAI, I can summarize articles.Rexford Industrial Realty has entered a definitive agreement to sell an industrial portfolio to an EQT Real Estate affiliate for approximately $1.2 billion. The transaction is expected to close by the end of Q3 2026, subject to customary conditions. The deal reflects a 2027 cash NOI yield estimated at 5.5%. Net proceeds will be used for debt repayment, stock repurchases, and development investments, supporting Rexford's full-year disposition guidance of $1.5-2 billion.
- Rexford Industrial entered a definitive agreement to sell an industrial portfolio to an EQT Real Estate affiliate for about USD 1.2 billion. * Closing expected by end of Q3 2026, subject to customary conditions. * 2027 cash NOI yield estimated at 5.5%, reflecting roll-down of above-market rents and expected moveouts. * Year-to-date dispositions closed or under contract reached about USD 1.5 billion, supporting full-year guidance of USD 1.5-2 billion. * Net proceeds slated for 2027 debt repayment, common stock repurchases under a USD 1 billion program, investment in repositioning and development. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rexford Industrial Realty Inc. published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here