Rexford Industrial uses line of credit to fund portion of acquisition

By Wendy Van Sickle

Columbus, Ohio, June 1 – Rexford Industrial Realty, Inc. borrowed under its line of credit to fund a portion of a $163.8 million acquisition of four industrial properties, according to a news release Wednesday.

The company also used cash on hand and units in its operating partnership to fund the acquisition.

The properties acquired are in the Southern California cities of Compton, Panorama City, Ontario and Fullerton.

Rexford is a Los Angeles-based industrial real estate firm.

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