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Rexford Industrial Realty buys properties for US$1b from Blackstone Real Estate
Rexford Industrial Realty, a real estate investment trust (REIT), said on Thursday it had acquired industrial properties for US$1 billion from Blackstone Real Estate.
Rexford has acquired about three million square feet of industrial properties located in Southern California for about US$332 per square foot on average.
The investment was funded using proceeds from Rexford Industrial's exchangeable senior note offerings and cash on hand.
- Reuters
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
