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Rexford Industrial to sell up to $400M of common shares

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Rexford Industrial to sell up to $400M of common shares

Rexford Industrial Realty Inc. is aiming to sell up to $400 million of its common shares in at-the-market offerings from time to time.

The new offering plan replaces the company's previous continuous equity offering for $300 million of common shares, all of which have been sold, according to a June 13 filing.

The industrial real estate investment trust signed equity distribution agreements with Merrill Lynch Pierce Fenner & Smith Inc., BB&T Capital Markets, BTIG LLC, Capital One Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Jefferies LLC and Stifel Nicolaus & Co. Inc. as sales agents.