Rexford Industrial agrees to sell industrial portfolio to EQT Real Estate affiliate for $1.2 billion
REXR•Portfolio sale agreed for $1.2 billion
Rexford Industrial entered a definitive agreement to sell an industrial portfolio to an EQT Real Estate affiliate for about $1.2 billion.
Closing is expected by the end of Q3 2026, subject to customary conditions.
Yield, disposition pace and use of proceeds
The company said the 2027 cash NOI yield is estimated at 5.5%, reflecting roll-down of above-market rents and expected moveouts.
Year-to-date dispositions closed or under contract reached about $1.5 billion, supporting full-year guidance of $1.5 billion to $2 billion.
Net proceeds are slated for 2027 debt repayment, common stock repurchases under a $1 billion program, and investment in repositioning and development.
