Rexford Industrial Realty, Inc. filed a current report on August 18, 2026, disclosing that its operating partnership entered into an agreement on August 13, 2026, to sell a portfolio of 22 industrial properties to an affiliate of EQT Real Estate for approximately $1.2 billion in cash.

Key Highlights

  • Portfolio size: The agreement covers 22 industrial properties held by Rexford Industrial Realty, L.P. and certain of its subsidiaries.
  • Purchase price: The aggregate purchase price is approximately $1.2 billion, payable entirely in cash at closing, subject to customary credits, prorations, and adjustments.
  • Buyer: The counterparty is an affiliate of EQT Real Estate, identified in the filing as the "Buyer."
  • Expected closing: The closing is expected to occur by September 30, 2026.
  • No due diligence condition: The transaction is not subject to any due diligence condition, though other customary closing conditions apply.
  • Signing date: The Agreement of Purchase and Sale and Escrow Instructions was executed on August 13, 2026.
  • Exchange listings: Common stock trades on NYSE:REXR; preferred series trade on NYSE as REXR-PB and REXR-PC.

Rexford Industrial Agrees to Divest 22-Property Industrial Portfolio

According to the filing, Rexford Industrial Realty, L.P., the operating partnership and a subsidiary of Rexford Industrial Realty, Inc., together with certain of its subsidiaries, entered into an Agreement of Purchase and Sale and Escrow Instructions (the "PSA") with an affiliate of EQT Real Estate on August 13, 2026. The company, a Maryland-incorporated real estate investment trust focused on industrial properties and headquartered at 11620 Wilshire Boulevard, Suite 1000, Los Angeles, California, agreed to transfer the 22-property portfolio for approximately $1.2 billion in cash. The purchase price is subject to customary credits, prorations, and adjustments at closing, the filing stated.

The filing disclosed that the closing is expected by September 30, 2026, and is not conditioned on any due diligence. However, it remains subject to satisfaction or waiver of other customary closing conditions, including no material breach or violation of the agreement, no governmental prohibition on completing the transaction, and receipt of required tenant estoppels. The PSA also contains customary representations and warranties by both parties, along with customary covenants, agreements, and post-closing obligations, according to the filing. The company noted that the full text of the PSA will be filed as an exhibit to its Quarterly Report for the quarter ending September 30, 2026.

The filing noted that the company issued a press release on August 18, 2026, announcing the transaction. The filing was signed by Michael P. Fitzmaurice, Chief Financial Officer of Rexford Industrial Realty, Inc. The filing also contains forward-looking statements, which the company characterized as subject to risks and uncertainties, including "the ability to close the sale of the Portfolio on the expected timing or at all," and noted that such statements are not guarantees of future performance.

What Was Disclosed

Rexford Industrial Realty, Inc. disclosed the execution of a purchase and sale agreement to divest 22 industrial properties to an EQT Real Estate affiliate for approximately $1.2 billion in cash, with closing expected by September 30, 2026, and no due diligence condition attached.