One focus. One goal.
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.
Debra L. Morris joined our Board of Directors effective December 31, 2020 and serves on our Audit Committee and Compensation Committee. Ms. Morris brings extensive experience in private and public organizations with deep expertise in business growth, strategy and transformation, data analytics, building infrastructure and corporate transactions. Ms. Morris currently serves as the Executive Vice President, Chief Financial Officer of Apria Healthcare, a leading provider of integrated home healthcare equipment and related services, with a tenure dating back to March 2013. From 2010 to 2013, Ms. Morris served as Chief Financial Officer—Americas for SITEL Worldwide Corporation, a global leader in business process outsourcing. From 2004 to 2010, she served as a Partner of Tatum LLC, a national executive services firm, and provided CFO services for client companies, and she was on the board of directors of Tatum from 2008 until it was sold in 2010. From 1999 to 2003, Ms. Morris held the position of Chief Financial Officer for Caliber Collision Centers. Ms. Morris spent the earlier part of her career, from 1981 to 1998, employed with CB Richard Ellis, ultimately serving as their first female Controller and as Executive Vice President, Global Chief Accounting Officer. She currently serves on the board of directors of ALC Schools, a provider of alternative student transportation for school districts nationwide. Ms. Morris holds a B.S. in Business Administration from Colby Sawyer College in New London, New Hampshire.