Market Overview

Rexford Industrial Realty Reaches Agreement with 86% of Pre-IPO Investors


Rexford Industrial Realty (NYSE: REXR) today announced that the Company,
its Co-Chief Executive Officers Howard Schwimmer and Michael Frankel,
and its Chairman Richard Ziman have reached consensual agreements with
approximately 86.0% of the Company's pre-IPO investors, as measured by
capital commitments, to reallocate approximately 1,294,180 operating
partnership units (“OP Units”) to those pre-IPO investors, in order to
rebalance the amounts of IPO equity allocated to pre-IPO investors as
compared to management through the formation transactions and IPO. Each
participating pre-IPO investor has signed an agreement containing a
release of potential

See full press release


Related Articles (REXR)

View Comments and Join the Discussion!

Posted-In: News Guidance Contracts Buybacks Asset Sales Management Global