Rexford Industrial Realty, Inc., a real estate investment trust in Brentwood that invests in underutilized industrial properties in Southern California, announced its public offering July 19 of 16,000,000 shares of its common stock at $14 a share, according to the Los Angeles Business Journal.
Rexford's common stock i on the New York Stock Exchange under the symbol "REXR." Its headquarters is located at 11620 Wilshire Blvd.
The offering is expected to close on Wednesday, July 24, and Rexford has granted the underwriters a 30-day option to purchase an additional 2.4 million shares at the public offering price.
Upon completion of its initial public offering and formation transactions, Rexford will own interests in 61 properties with approximately 6.7 million rentable square feet and will manage an additional 20 properties with approximately 1.2 million rentable square feet, according to a company-issued press release.
Brentwood Patch: Facebook | Twitter | E-mail Updates |
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.