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EQT Real Estate acquires 5.2 million square foot logistics portfolio across Southern California
Source: PR Newswire
M&A & RestructuringHousing & Real EstateTransportation & Logistics
EQT Real Estate acquired a 32-building, 5.2 million-square-foot Southern California logistics portfolio from Rexford Industrial Realty. The assets span Los Angeles, Orange County, San Gabriel Valley, South Bay and Inland Empire West and are 96% leased, underscoring strong occupancy in a major U.S. industrial market. The transaction is likely material for the companies involved and relevant to industrial real-estate valuations, though no purchase price was disclosed.
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