LOS ANGELES, May 25, 2022 /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 throughout infill Southern California, has received the 2022 Green Lease Leaders Gold recognition, which was announced by the Institute for Market Transformation and the U.S. Department of Energy'sBetter Buildings Alliance at the Better Buildings, Better Plants Summit. Green Lease Leaders set national Green Lease standards, while distinguishing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency and sustainability in buildings.
Rexford Industrial received the Green Lease Leaders Gold designation in recognition of its market-leading innovation in environmental stewardship, including collaborative tenant sustainability engagement, energy management practices and stringent green building initiatives. The Company was acknowledged for its commitment to sustainable buildings and leasing, which includes a collaborative and best-practices approach to maximizing energy efficiency such as utility data tracking and sharing, cost recovery for capital improvements and training.
"With Rexford Industrial's ongoing commitment to leading Environmental, Social and Governance (ESG) practices, including commercial green leases, we are very proud to receive the 2022 Green Lease Leaders Gold recognition," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. "A robust ESG program is integral to our value creation strategy, with our deep-rooted focus on advancing economic, community and environmental benefits throughout infill Southern California."
Learn more about Rexford Industrial's ESG initiatives and future objectives in the ESG section of the Company's website at www.rexfordindustrial.com/esg.
About Rexford Industrial
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand, lowest supply market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 318 properties with approximately 38.3 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit www.rexfordindustrial.com.
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