Creating value investing in industrial property throughout infill Southern California.
Entrepreneurs focused on delivering superior, consistent shareholder returns.
Decades of experience, well-capitalized as a public REIT (NYSE: "REXR").
Southern California is not just where we’re located—it’s a critical part of our business strategy.
If it were its own country, Southern California would be one of the largest economies in the world and is the nation’s largest regional economy. Measured by square feet, the Southern California industrial market would be the fourth largest global market, lagging in size only to the entire countries of the U.S.A., China and Japan. Within the United States, the SoCal industrial property market represents about the same economic value as the next four to five largest U.S. markets combined. More specifically, we focus on SoCal high-barrier submarkets located in and among our massive, growing population centers - we call these “infill” markets.
Why Infill Southern California?
Scarce supply, high demandScarce, diminishing supply in the face of strong, growing tenant demand results in an ongoing supply-demand imbalance that is intensifying over time as industrial property is increasingly being converted to other, non-industrial uses.
High barrier sub-marketsVirtually no threat of new competition. Fully built-out and surrounded by mountains, ocean and dense population centers, our infill industrial market can not increase in size. Very high land and development costs further preclude development of for-lease product.
Huge market, strongest fundamentalsAt 1.8 billion square feet, the SoCal infill market is the nation's largest, most sought-after industrial market. Occupancy and value lead the nation with rental rates that are more than 60% higher than the average of the next ten largest markets.
Value-creationWith over a billion square feet of vintage buildings in the region’s best locations, we pursue a nearly limitless well of opportunities to increase cash flow and value by enhancing product functionality, marketability and performance.
Our strategy for success
We differentiate ourselves with the extra work to create and execute on exceptional investment opportunities...
Our people are everything. Together, we are entrepreneurs leading and innovating to create value.
Board of Directors
Experience. Dedication. Judgement.
Committed to creating value for our customers, shareholders, employees and our broader communities, our work generates significant economic, environmental and social benefits. We like to recycle and improve existing buildings, which optimizes environmental impact, contributes toward urban renewal, business growth and the creation of essential, sustainable jobs.
Angela Kleiman is currently Senior Executive Vice President and Chief Operating Officer of Essex Property Trust (NYSE: ESS), a fully integrated real estate investment trust (REIT) and an S&P 500 company. Essex acquires, develops, redevelops and manages multifamily residential properties in select West Coast markets. Ms. Kleiman leads operations, which includes asset and property management, technology and data analytics, research and redevelopment. Ms. Kleiman previously served as the Essex Executive Vice President and Chief Financial Officer from 2015 to 2020 and managed the Essex Private Equity platform from 2009 to 2015. Prior to joining Essex, Ms. Kleiman held roles in institutional investment management and investment banking including Senior Equity Analyst and Vice President of Investor Relations at Security Capital and Vice President within J.P. Morgan's Real Estate & Lodging Investment Banking Group. Ms. Kleiman began her career in real estate development management in 1991. She holds a Bachelor of Science from Northwestern University and a Master of Business Administration from Northwestern's Kellogg School of Management. She is a member of NAREIT and the National Multifamily Housing Council.