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LOS ANGELES, Feb. 8, 2021 /PRNewswire/ Rexford Industrial Realty, Inc. (the Company or Rexford Industrial ) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of three industrial properties representing 176,670 square feet of improvements, a 2.5 acre industrial outdoor storage site and a 5.6 acre redevelopment site for an aggregate purchase price of $72.7 million. The acquisitions were funded using a combination of cash-on-hand, 1031 proceeds and the assumption of debt on one property. As we start the year, we are very pleased with our transaction activity as we continue to source high-quality, irreplaceable industrial properties within supply-constrained infill Southern California, said Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company. A