Rexford Industrial Announces Leadership Transition Plans

LOS ANGELES, June 17, 2024 /PRNewswire/ — Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in the intermediate zones Southern Californiaannounced today that the Company has initiated a process to recruit a new Chief Financial Officer (CFO) and, following the successful hiring of a new CFO, to subsequently elevate Laura Clark, the company’s current CFO, to the newly created position of chief operating officer (COO). The company has launched an executive search effort through Russell Reynolds Associates to identify and appoint a new CFO.

“We would like to thank Laura for her exemplary work and contributions to the company as CFO of Rexford. Laura’s elevation to COO will represent a natural and exciting expansion of her role and impact company-wide,” said Michael. Frankel and Howard Schwimmer, co-general managers of the Company. “With an unprecedented opportunity for growth and value creation ahead to leverage Rexford Industrial’s focus on the nation’s largest, highest demand and lowest supply industrial market, the creation of the role of Chief Technology Officer Operations will optimize the alignment and execution of our value strategy. -creative initiatives across the organization to maximize the quality and accretive nature of our long-term growth.

As she transitions to COO, Ms. Clark will oversee the company’s operating and growth segments, including asset management, investments, development and construction, leasing, property management and marketing.

“The COO role at Rexford Industrial will enhance our ability to come together and execute our collective vision across all facets of our business to maximize shareholder value creation throughout Rexford’s next phase of growth ” said Ms. Clark.

About Rexford Industrial

Rexford Industrial creates value by investing, operating and redeveloping industrial properties through infill Southern California, the fourth largest industrial market in the world and still the country’s major market with the highest demand and lowest supply. The Company’s highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial’s irreplaceable, high-quality portfolio includes 422 properties representing approximately 49.5 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the symbol “REXR”, Rexford Industrial is a member of the S&P MidCap 400 Index. For more information, please visit www.rexfordindustrial.com.

Forward-looking statements

This press release may contain forward-looking statements within the meaning of the federal securities laws that are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially from the results. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate” “, “believes”, “estimates”, “predicts” or “potential” or the negative of these words and expressions or similar words or expressions which are predictions or indicate future events or trends and which do not relate only to historical questions. Although forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, they are not guarantees of future performance. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from the forward-looking statements, see the Company’s reports and other filings with the State Securities and Exchange Commission -United States, including the annual report of the Company on form. 10-K for the completed year December 31, 2023. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes.

Contact:

Inquiries regarding the Rexford Industrial Financial Executive Search should be directed to Debra Barbanel ((email protected)), global co-head of real estate at Russell Reynolds Associates.

(email protected)

SOURCE Exford Industrial Realty, Inc.