8-K: Current report filing
Published on October 4, 2021
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2021
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code: (310 ) 966-1680
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
As previously reported, on January 25, 2021, Rexford Industrial Realty, Inc. (the “Company”), through a wholly owned subsidiary of its operating partnership, Rexford Industrial Realty L.P., entered into an agreement with an unaffiliated third-party seller (the “Seller”) to acquire an industrial property for a purchase price of approximately $217.1 million, exclusive of closing costs (the “Property”). On September 30, 2021, the Company completed the acquisition of the Property. The Property, which comprises an 80.2 acre infill industrial storage site, is located at 2500 E. Victoria Street in Rancho Dominguez, California within the Company’s Los Angeles-South Bay submarket and is subject to a long-term sale lease-back agreement with the Seller. The acquisition of the Property was funded through a combination of available cash on hand, proceeds from the previous issuance and sale of common stock by the Company and cash proceeds from the prior disposition of one property as part of a tax-deferred like-kind exchange under Section 1031 of the Internal Revenue Code of 1986, as amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Rexford Industrial Realty, Inc. | ||||||||
| Dated: October 4, 2021 | By: | /s/ Michael S. Frankel | ||||||
| Michael S. Frankel Co-Chief Executive Officer |
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| Rexford Industrial Realty, Inc. | ||||||||
| Dated: October 4, 2021 | By: | /s/ Howard Schwimmer | ||||||
| Howard Schwimmer Co-Chief Executive Officer |
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