REXFORD INDUSTRIAL APPOINTS SHELLY DEPALMA AS ASSISTANT CONTROLLER

Los Angeles, CA – January 10, 2008

Rexford Industrial, LLC, Southern California’s leading, privately-held industrial real estate firm, has appointed Shelly DePalma, CPA, as the company’s Assistant Controller.

As Assistant Controller, Ms. DePalma will implement the accounting policies and procedures of Rexford’s finance and accounting department, overseeing Rexford’s internal financial reporting, including corporate, fund and property level accounting.

“We are pleased to welcome Ms. DePalma to our management team. Ms. DePalma contributes more than 10 years of senior finance and real estate experience and we are confident she will play a key role in facilitating Rexford’s ambitious growth plans,” said Michael Frankel, Rexford’s Chief Financial Officer and Partner.

Ms. DePalma’s prior experience includes serving as Director of Finance for CaseStack, Inc., an Internet-based, transportation, warehousing and fulfillment logistics solution provider, as well as Corporate Controller for the American Golf Corporation, a leading manager of premier golf courses. Ms. DePalma also served as a Manager in the assurance, tax, legal and financial advisory services division of Deloitte & Touche.

Ms. DePalma is a Certified Public Accountant – California and a member of AICPA. She earned her Bachelor’s degree in Accounting at Loyola Marymount University in Westchester, California. 

About Rexford Industrial
Rexford Industrial LLC (www.rexfordindustrial.com) is a leading industrial real estate firm in Southern California. A well-capitalized private investment company, Rexford invests in all classes and every category of industrial properties. The company combines a uniquely creative, entrepreneurial approach to value creation with a conservative, risk-averse approach to investing that is designed to perform well during all phases of the real estate cycle. Rexford offers brokers unique investment incentives and capitalizes upon an exceptional network of loyal relationships in the industry. With a current portfolio of over five million square feet valued at more than $600 million, Rexford is targeting substantial growth through further acquisitions of industrial property. The firm is based in Los Angeles.