Rexford Industrial sells five SoCal properties for $127M under new CEO Laura Clark

The five Q1 disposals consisted of: 29010 Avenue Paine in Valencia at $31 million ($310 per sq ft, sold to owner-user); 13700-13738 Slover Avenue in Fontana at $14.5 million ($79 per sq ft, sold to owner-user); and 600-708 Vermont Avenue in Anaheim at approximately $41 million ($77 per sq ft). Two additional transactions were previously disclosed. Rexford also repurchased $200 million of its common stock during the quarter. Laura Clark officially became CEO on April 1, 2026, succeeding co-CEOs Michael Frankel and Howard Schwimmer. Activist investor Elliott Management became one of the REIT's largest shareholders earlier this year, catalyzing the portfolio rationalization strategy. The REIT has approximately $170 million in additional disposals under negotiation.