Rexford Industrial Closes $1.2B Logistics Portfolio Sale to EQT Affiliate

Key Facts

1EQT Real Estate acquired a 32-building, 5.2 million square foot logistics portfolio in Southern California.

2The seller is Rexford Industrial Realty, Inc., with the portfolio covering strategic locations across Los Angeles.

In a move reflecting sustained demand for industrial assets in key U.S. gateway markets, Rexford Industrial Realty has finalized a major asset divestment. EQT Real Estate announced the acquisition of a 32-building logistics portfolio totaling 5.2 million square feet across Southern California. The transaction involves strategic locations throughout Los Angeles, marking a significant transfer of high-density industrial space between the two entities.

The deal highlights the strategic value of the Los Angeles logistics corridor, which remains a critical hub for global trade and e-commerce distribution. Per market data, the portfolio is characterized by high occupancy levels and a diverse tenant base spanning automotive, consumer electronics, and third-party logistics. This large-scale sale allows Rexford to reallocate capital while EQT expands its footprint in a supply-constrained region.

Monitoring the equity performance, REXR shares stood at $38.84 at close on September 16, 2026, having traded within a daily range of $38.42 to $39.67. Investors will be watching for how the company utilizes the $1.2 billion in proceeds, though the upcoming economic calendar shows no immediate sector-specific catalysts for the industrial real estate market in the next week.