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Investor Presentation – Rexford Industrial Realty, Inc.NYSE: REXR
November 2020
Forward Looking Statements
2
This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We caution investors thatany forward-looking statements presented herein are based on management’s beliefs and assumptions and information currently available to management.Such statements are subject to risks, uncertainties and assumptions and may be affected by known and unknown risks, trends, uncertainties and factors thatare beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results mayvary materially from those anticipated, estimated or projected. These risks and uncertainties include, without limitation: general risks affecting the real estateindustry (including, without limitation, the market value of our properties, the inability to enter into or renew leases at favorable rates, portfolio occupancyvarying from our expectations, dependence on tenants’ financial condition, and competition from other developers, owners and operators of real estate);risks associated with the disruption of credit markets or a global economic slowdown; risks associated with the potential loss of key personnel (mostimportantly, members of senior management); risks associated with our failure to maintain our status as a REIT under the Internal Revenue Code of 1986, asamended; possible adverse changes in tax and environmental laws; and potential liability for uninsured losses and environmental contamination. In somecases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,”“anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictionsof or indicate future events or trends and which do not relate solely to historical matters. The risks described above are not exhaustive, and additional factorscould adversely affect our business and financial performance, including those discussed in our annual report on Form 10-K, for the year ended December 31,2019, and subsequent filings with the Securities and Exchange Commission. We expressly disclaim any responsibility to update forward-looking statements,whether as a result of new information, future events or otherwise.
Rexford Overview
3
2001Founded
REXRNYSE
S&P 400Member
$6B+Market Cap
100%Infill Southern California
97.3%Leased(as of 9/30)
28M SFOwned
4.0%YTD SPNOI Growth
(thru 9/30)
~$740mmLiquidity(1)
(as of 9/30)
REXFORD AT A GLANCE
+10% Core FFO Per Share
Annual Growth (2016-2020E)
2020 PERFORMANCE
2.9xNet debt / Adj. EBITDA
(as of 9/30)
BALANCE SHEET STRENGTH
7(1) Consists of $243mm in cash and $500mm available under the unsecured revolving credit facility
4
Superior, Highly Differentiated Strategy
Generic Use, High Demand Space with Diverse Tenant base
Generic industrial space appeals to broadest tenant universe and minimizes re-leasing costs
and time-frames
Approx. 1,400 total tenants, with top 10 tenants representing only 11.5% of total ABR
Infill SoCal tenant base has proven to be superior credit vs. larger tenants in non-infill markets
Infill Focus
Irreplaceable portfolio with substantial barriers to entry
Extreme scarcity of supply coupled with low vacancy, diminishing supply and growing demand
Portfolio functionality offers highest quality in market
Ideally positioned to capture accelerating E-commerce demand
SoCal Market Focus
Nation's largest and highest demand industrial market with strongest fundamentals
Rental rates are 80% higher than the average of the next 5 largest markets
Highest occupancy among the US top industrial markets with vacancy of 2.6%
(1) Line reflects Net Acquisition Volume (Total Acquisitions minus Total Dispositions) by year. Bars reflect Total Portfolio SF at end of each time period.(2) As of 11/13/20. Includes 1.0M SF acquisition referenced in 8-K filing on 10/8/2020.
Robust Internal & External Growth Drives Superior Performance
5
Robust & Accretive Acquisition Activity (1) NOI Growth Exceeds SF Growth
29M SF
(2)
Off/LightlyMarketed (1) 85%71% 65% 67% 80% 48% 73% 79% 70%
(2)
Net Acquisition Volume Annual NOI ($mm)
Accretive Internal & External Growth Drives Superior Shareholder Returns
6
Dividend Per Share Growth Accelerating10% Core FFO Per Share Growth vs 8% Peer Avg (1) (2016-2020)
Total Shareholder Return Outperformance Since IPO (2)
336% Total ReturnREXR
207% Total ReturnPeer Index
53% Total Return MSCI REIT Index
(1) Peer group includes PLD, DRE, EGP, FR, STAG and TRNO. Core FFO per share attributable to common shareholders was used for REXR, DRE, STAG and PLD. NAREIT definition of FFO per share was used for EGP, FR, and TRNO.
(2) Source: S&P daily share prices for the period 7/19/13 to 11/13/20 for peer group referenced in Footnote 1 and MSCI REIT index, an index of all publicly-traded REITs.
REXR 10%
Peers 8%
The Rexford Opportunity
7
1 Proprietary access to leading industrial marketwith significant barriers to entry
2 High-quality, irreplaceable portfolio withpure-play advantage
3 Strong, stable cash flow driven by incurable supply/demand imbalance & diversified tenant base
4 Best-in-class balance sheet supports substantial growth opportunities
5 Led by an experienced management team with an entrepreneurial, vertically-integrated platform
SoCal Infill Logistics Market Leads in Size & Value
8
Nation’s largest base of regional consumption, manufacturing, distribution
Squa
re F
eet (
bn)
■ SoCal ports are largest in U.S., linking the U.S. to Pacific Rim with 40% of all U.S. containerized imports, and 40%-50% of imports distributed locally(1)
■ Infill tenant base tends to serve regional consumption; generally less impacted by shifts in global trade
(1) Source: JLL. (2) Source: CBRE. Southern California data includes Inland Empire East.(3) Source: DAUM Real Estate Services as of 3Q20 citing CoStar Property Database. Southern California data includes Inland Empire East.
SoCal is Fourth Largest Global Industrial Market(2)
Size and Value of Top US Industrial Markets
USA
Chi
na
Japa
n
So. C
A
Ger
man
y
UK
Can
ada
Fran
ce
Ital
y
Value of SoCal market is as large as the next 4-5
largest U.S. markets combined after
accounting for relative cap rates
12.8
7.5
5.1
2.2 2.0 1.7 1.5 1.5 0.8
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
1
4- TrackRecord
Rexford Industrial
Total Portfolio SFStabilized Same Property Occupancy GrowthGAAP Releasing Spread
3Q 13 @ IPO5.5mmSupp, page 13NewRenewalSupp, page 21
4Q 1615.0mmSame Store98.0%3Q 1733.6%21.2%
Current18.5mm17913353Stabilized Same Store98.1%4Q 1740.1%23.9%
Growth3.3Variance6.50%2.70%
Variance12.93Variance0.10%
Current Properties137
x Growth3.3233.3%
Off Market / Lightly Marketed TransactionsGAAP NOIFFO Per Share Growth
Pre-IPO53%3Q 13 @ IPO$8.0Supp, page 103Q 13 @ IPO$ 0.16Supp, page 8
4Q 16$25.34Q 16$ 0.23
Post-IPO69%4Q 17$33.64Q 17$ 0.26
Growth16%Growth321%Growth60%
x Growth4.2x Growth1.6
Stockholder returnsDividend Per Share GrowthFFO/Sh and Dividend/Sh Growth
Since 7/19/13 IPO72.0%3Q 13 @ IPO$ 0.12Supp, page 83Q 13 @ IPO1Q 17Supp, page 21
3Q 16$ 0.135FFO/Share $ 0.16$ 0.23
201752.0%2Q 17$ 0.15Dividend/Share$ 0.12$0.145
Growth21%Variance20.83%43.75%
x Growth1.2
25-Aug5.35839599
&"Times New Roman,Regular"&8&F, &A&D, &T
&"Times New Roman,Regular"&8&F, &A&D, &T
3Q 13 @ IPO4Q 164Q 170.162825058716853880.230.26
3Q 13 @ IPO4Q 16Current5.544141050000000315.0218.475999999999999
Pre-IPOPost-IPO0.530.69
New
3Q 174Q 170.336000000000000020.40100000000000002Renewal
3Q 174Q 170.211999999999999990.23899999999999999
3Q 13 @ IPO4Q 164Q 177.9825.3133.615000000000002
Same StoreStabilized Same Store0.980.98099999999999998
136.6%
28.5%
28.5%
Since 7/19/13 IPO20170.720.52
3Q 13 @ IPO
Dividend/Share0.121Q 17
Dividend/Share0.14499999999999999
$0.12
$0.145
3Q 13 @ IPO4Q 164Q 170.162825058716853880.230.26
146Properties
59Properties
4- TrackRecord vs Q316
Rexford Industrial
Total Portfolio SFStabilized Same Property Occupancy GrowthGAAP Releasing Spread
3Q 1614.6mmSupp, page 13NewRenewalSupp, page 21
1Q 1692.4%Cash30.1%15.5%
Current18.0mm17.913353GAAP 40.1%23.9%
Growth23.7%22.8%1Q 1796.0%Variance10.00%8.40%
Variance3.46Variance3.60%
Current Properties133
x Growth1.2
Off Market / Lightly Marketed TransactionsGAAP NOIAverage Rents
Pre-IPO53%3Q 16$24.0Supp, page 10REXR$ 8.88Supp, page 8
Post-IPO69%3Q 17$32.0U.S. Average$ 6.46
Growth16%Growth33.5%Growth(27.3%)
x Growth1.3x Growth0.7
Stockholder returnsDividend Per Share GrowthOccupancy
2017 YTD52.0%3Q 13 @ IPO$ 0.120Supp, page 8Same StoreStabilized Same StoreSupp, page 21
201658.0%1Q 17$ 0.1454Q 1696.2%96.9%
Since 7/19/13 IPO72.0%1Q 18$ 0.1604Q 1798.0%98.1%
Growth33.3%Variance0.10%0.73%
x Growth1.3
25-Aug5.35839599
Occupancy
REXRMSCI US REIT IndexSupp, page 21
201728.5%5.1%
Since 2013 IPO121.3%24.3%
Variance(79.97%)(82.11%)
&"Times New Roman,Regular"&8&F, &A&D, &T
REXRU.S. Average8.88000000000000086.46
REXR
2017Since 2013 IPO0.284999999999999981.2130000000000001MSCI US REIT Index
2017Since 2013 IPO5.0999999999999997E-20.24299999999999999
18.0mm
3Q 16Current14.58799999999999918.044
Pre-IPOPost-IPO0.530.69
New
CashGAAP 0.300999999999999990.40100000000000002Renewal
CashGAAP 0.1550.23899999999999999
3Q 163Q 1723.96600000000000132
1Q 161Q 170.924000000000000040.96
32.7%
45.4%
144.3%
2017 YTD2016Since 7/19/13 IPO0.520.579999999999999960.72
Same Store
4Q 164Q 170.961999999999999970.98Stabilized Same Store
4Q 164Q 170.968999999999999970.98099999999999998
$0.12
$0.16
3Q 13 @ IPO1Q 171Q 180.120.144999999999999990.16
59Properties
5 - GrowthSinceIPO
12/31/1526,1647,118
3/31/1627,5047,543
6/30/1630,6087,959
blueorange
StartingSq. Ft.Cumulative
PeriodSq. Ft.AcquiredSq. Ft.PeriodTotal RevenueCompany Rec FFOTotal Rental RevenueCompany Rec FFOFFO Margin9/30/159/30/16
At IPO5.55.5At IPO11,7144,49638.38%Operating Expenses6.29.0
20135.50.966.512/31/1312,6384,88038.61%Revenues23.733.3
20146.53.7410.212/31/1419,8588,93244.98%
201510.22.1312.412/31/1526,16411,87045.37%
201612.43.4015.8
201715.84.2020.03/31/1627,50411,96243.49%
2018 (1)20.00.1020.1
Dispositions18.51.1018.012/31/1745,76720,02543.75%
Current18.518.5CumulativeTotal Revenue Growth Since IPOCompany Recurring FFO Growth Since IPOTotal RevenueCompany Rec FFO
Total Acquired14.5Actual291%345%
9/30/16
Operating Expense YoY Growth$ 2.8
Revenue YoY Growth$ 9.6
0.4761904762
Property Acquisitions
All 2* Property Codes are excluded.
Property=rexford AND Date=01/01/2016-08/31/2016 AND Activity=Both AND Output=Consolidated Property
ProjectedAchievedPurchaseSales
ConsolidatedConsolidatedAcquisitionAcquisitionAcquisitionPurchaseSqft AtGoing-InStabilizedStabilizedPriceTransactionDispositionDispositionSalesSqft AtDispositionPrice
Property CodePropertyDateCountOff MarketPriceAcquisitionCap RateYieldYieldper SqftCatalystDateCountPriceDispositionCap Rateper SqftCounty
141000Long Carson00000.000.000.000.005/2/1612,480,10016,5340.00150.00Los Angeles
141030Glendale00000.000.000.000.005/25/1614,250,00013,4970.00314.88Los Angeles
111024Mulberry00000.000.000.000.006/7/16115,000,000153,0800.0097.99Los Angeles
1603758525 Camino Santa Fe3/15/16118,450,00059,3990.000.000.00142.260000.000.00San Diego
16038028454 Livingston Avenue3/29/161116,000,000134,2870.000.000.00119.150000.000.00Los Angeles
16038520 Icon4/15/161122,600,000102,2990.000.000.00220.920000.000.00Orange
16039016425 Gale Avenue4/15/161126,300,000325,8000.000.000.0080.720000.000.00Los Angeles
1603952700_2722 Fairview Street4/15/161117,800,000116,5750.000.000.00152.690000.000.00Orange
16040012131 Western Avenue4/15/161127,000,000207,9530.000.000.00129.840000.000.00Orange
1604059 Holland4/15/161125,150,000180,9810.000.000.00138.960000.000.00Orange
1604102811 Harbor Boulevard4/15/161118,100,000126,7960.000.000.00142.750000.000.00Orange
16041515996 Jurupa Avenue4/15/161121,350,000212,6600.000.000.00100.390000.000.00San Bernardino
16042011127 Catawba Avenue4/15/161114,650,000145,7500.000.000.00100.510000.000.00San Bernardino
16042513550 Stowe Drive4/15/161118,050,000112,0000.000.000.00161.160000.000.00San Diego
16043010750_10826 Lower Azusa Road5/3/16117,660,00079,0500.000.000.0096.900000.000.00Los Angeles
160435525 Park Avenue6/30/16117,550,00063,4030.000.000.00119.080000.000.00Los Angeles
1604403233 Mission Oaks Blvd7/6/161125,700,000455,8010.000.000.0056.380000.000.00Ventura
1604451600 Orangethorpe_1335-1375 Acacia8/24/161040,137,222345,7560.000.000.00116.090000.000.00Orange
14750 Nelson Ave9/6/161015,000,000145,531
Weighted Average Values00000.000.000.00111.110000.00118.67
1614311,497,2222,814,041321,730,100183,111
0.875
20136
201428
201521
201612
201711
&"Times New Roman,Regular"&8&F, &A&D, &T
&"Times New Roman,Regular"&8&F, &A&D, &T
Total Revenue Growth Since IPO
211%
2.9070343179101927Company Recurring FFO Growth Since IPO
253%
3.4537520386619036
StartingSq. Ft.At IPO201320142015201620172018 (1)DispositionsCurrent5.54414099999999985.54414099999999986.500161999999999610.23871612.36846900000000115.82018.518.5Sq. Ft.Acquired
3.4mm SF
At IPO201320142015201620172018 (1)DispositionsCurrent0.956021000000000013.73855399999999972.1297533.44.20.11.1000000000000001CumulativeSq. Ft.
5.5mm SF
1.0mm SF
3.7mm SF
2.1mm SF
0.1mm SF
4.2mm SF
1.4mm SF
18.5mm SF
5.54414099999999986.500161999999999610.23871612.36846900000000115.7684690000000012020.1000000000000011818.5
Operating Expenses
[VALUE]m[VALUE]m
9/30/159/30/166.29Revenues[VALUE]m[VALUE]m
9/30/159/30/1623.733.299999999999997
9/30/16Operating Expense YoY GrowthRevenue YoY Growth2.89.6
Off/LightlyMarketed(1)
Revenue Growth
64%
71%
65%
67%
66%
48%
file:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160380%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160385%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160390%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160395%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160400%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=141000%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160405%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160410%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160415%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160420%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160425%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160430%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160435%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160440%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160445%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=141030%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=111024%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160375%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Property
7 - GlobalMarket
Rexford Industrial
[File Title]
Estimates
12,800
7,500
5,100
2,113
2,020
1,700
1,500
1,500
800
USAChinaJapanSo. CAGermanyUKCanadaFranceItaly
Largest Global Industrial Markets
Original Source: http://www.compare50.org/chart/#/category/1/sub_category/32/display/33/chart/51/type/31/states/57,85,96,66
CaliforniaNew YorkTexasIllinoisU.S. Average
1990732474348251121
1991838475381263127
1992890473386269130
1993908479403275134
1994888485413280136
1995960493428288141
1996950501437306143
1997931507464311147
19981030511472315153
19991060521477319156
20001040528485321158
20011070539494320160
20021110539499321162
20031160543503324165
20041190550513328167
20051220558523338171
20061270566537349176
20071290574570360179
20081330580565368182
20091340581567374180
20101330585574379180
20111380592584385181
20121330600597392182
20131340611610401184
20141380621623414187
20151420627640403190
&"Times New Roman,Regular"&8&F, &A&D, &T
&"Times New Roman,Regular"&8&F, &A&D, &T
Estimates12800750051002113.00000000000052020170015001500800
California1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015838890908888960950931103010601040107011101160119012201270129013301340133013801330134013801420New York1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015475473479485493501507511521528539539543550558566574580581585592600611621627Texas1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015381386403413428437464472477485494499503513523537570565567574584597610623640Illinois1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015263269275280288306311315319321320321324328338349360368374379385392401414403U.S. Average1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015127130134136141143147153156158160162165167171176179182180180181182184187190
TSR vs peers
Rexford Industrial
[File Title]
TSR since 7/19/13
REXR136.6%
DCT114.5%
TRNO108.6%
FR 108.3%
DRE93.0%
PLD85.7%
STAG69.5%
EGP64.7%
LPT36.9%
85.2%
TSR 2017 YTD
REXR28.5%
TRNO26.2%
PLD25.9%
DCT25.7%
EGP23.3%
STAG20.7%
FR 15.5%
LPT13.2%
DRE8.5%
19.9%
&"Times New Roman,Regular"&8&F, &A&D, &T
REXRDCTTRNOFR DREPLDSTAGEGPLPT1.36600000000000011.1451.08600000000000011.0830.930.856999999999999980.694999999999999950.647000000000000020.36899999999999999
REXRTRNOPLDDCTEGPSTAGFR LPTDRE0.284999999999999980.262000000000000010.259000000000000010.257000000000000010.233000000000000010.206999999999999990.1550.132000000000000018.5000000000000006E-2
SSNOI
Rexford Industrial
[File Title][File Title]
Year EndYear EndYear EndYear End
MT New ConstructionST New ConstructionMulti-Tenant InventorySingle-Tenant InventoryRexfordIndustrial REIT AverageNew Construction TotalInventory TotalSupply GrowthMT New ConstructionST New ConstructionMulti-Tenant InventorySingle-Tenant InventoryCashGAAPNew Construction TotalInventory TotalSupply Growth
1Q157.4%3.5%1Q157.3%7.4%
2Q156.2%4.5%2Q158.0%6.2%
3Q158.4%2.9%3Q157.1%8.4%
4Q154.8%3.4%4Q157.5%4.8%
1Q168.3%4.8%1Q168.2%8.3%
2Q166.9%2.9%2Q169.1%6.9%
3Q168.2%4.2%3Q166.8%8.2%
4Q169.1%4.1%4Q169.1%9.1%
1Q178.3%5.2%1Q1710.1%8.3%
2Q176.6%4.6%2Q175.1%6.6%
CAGR7.42%4.01%CAGR7.83%7.42%
% Change GAAP NOI% Change GAAP NOI
% Change Cash NOI
&"Times New Roman,Regular"&8&F, &A&D, &T
Industrial REIT Average
1Q152Q153Q154Q151Q162Q163Q164Q161Q172Q173.5000000000000003E-24.4999999999999998E-22.9000000000000001E-23.4000000000000002E-24.8000000000000001E-22.9000000000000001E-24.2000000000000003E-24.1000000000000002E-25.1999999999999998E-24.5999999999999999E-2Rexford
1Q152Q153Q154Q151Q162Q163Q164Q161Q172Q177.3999999999999996E-26.2E-28.4000000000000005E-24.8000000000000001E-28.3000000000000004E-26.9000000000000006E-28.2000000000000003E-29.0999999999999998E-28.3000000000000004E-26.6000000000000003E-2
1#REF!
GAAP
1Q152Q153Q154Q151Q162Q163Q164Q161Q172Q177.3999999999999996E-26.2E-28.4000000000000005E-24.8000000000000001E-28.3000000000000004E-26.9000000000000006E-28.2000000000000003E-29.0999999999999998E-28.3000000000000004E-26.6000000000000003E-2Cash
1Q152Q153Q154Q151Q162Q163Q164Q161Q172Q177.2999999999999995E-20.087.0999999999999994E-27.4999999999999997E-28.2000000000000003E-29.0999999999999998E-26.8000000000000005E-29.0999999999999998E-20.101000000000000015.0999999999999997E-2
8 - DAUM-NationLeader
Rexford Industrial
[File Title]
MarketTotal SFper SFImplied ABR ($ bn)
Southern California2,113$10.77$22.8
Chicago1,208$6.05$7.3
Philadelphia1,105$5.05$5.6
Northern New Jersey823$6.38$5.2
Dallas / Fort Worth879$5.60$4.9
Atlanta707$4.79$3.4
Total6,835$49.1
&"Times New Roman,Regular"&8&F, &A&D, &T
&"Times New Roman,Regular"&8&F, &A&D, &T
Southern CaliforniaChicagoPhiladelphiaNorthern New JerseyDallas / Fort WorthAtlanta2113.00000000000051208.3371041104.866708823.22878800000001878.66520500000001707.263552
Southern CaliforniaChicagoPhiladelphiaNorthern New JerseyDallas / Fort WorthAtlanta22.7560554642099897.30583198708557725.58203239787327385.16037867314190014.92156359727498143.3843139897081311
Philadelphia
Northern New Jersey
Total Market SF (mm) (1)
Average Market Asking Rents per SF (1)
Implied Market ABR ($bn)
Southern California
Chicago
Dallas / Ft. Worth
Atlanta
Largest Industrial Markets by SF
$5.05
$6.38
$10.77(REXR ABR: $8.88)
$6.05
$5.60
$4.79
SoCal is almost 3x larger
(2)
9 - DAUM-Supply
Rexford Industrial
[File Title]
Current Inventory Levels per Daum with the use of CoStar Data.Year EndYear End
Multi-TenantSingle-TenantTotal% MT% STMT New ConstructionST New ConstructionMulti-Tenant InventorySingle-Tenant InventoryMulti-Tenant % ChangeSingle-Tenant % ChangeNew Construction TotalInventory TotalSupply Growth
LA County380.1548.0928.141%59%2000779.9877.01,656.9
Orange County150.3154.0304.349%51%200116.426.4796.3903.42.1%3.0%42.81,699.72.6%
Ventura County40.629.670.258%42%20028.520.5804.8923.91.1%2.3%29.01,728.71.7%
Inland Empire185.5417.2602.731%69%20038.620.2813.4944.11.1%2.2%28.81,757.51.7%
San Diego101.390.5191.853%47%20047.222.3820.5966.40.9%2.4%29.51,787.01.7%
Southern California857.81,239.32,097.141%59%20056.333.9826.81,000.30.8%3.5%40.21,827.12.2%
20068.041.7834.81,042.11.0%4.2%49.71,876.82.7%
20076.431.3841.21,073.40.8%3.0%37.81,914.62.0%
20085.726.5846.91,099.90.7%2.5%32.21,946.81.7%
Multi-TenantSingle-TenantTotal20093.59.2850.41,109.10.4%0.8%12.71,959.50.7%
LA County 20170.135.976.1020100.43.1850.81,112.20.1%0.3%3.61,963.00.2%
Orange County 20170.000.710.7120110.15.3850.91,117.60.0%0.5%5.41,968.50.3%
Ventura County 20170.020.130.1520120.19.7851.01,127.30.0%0.9%9.81,978.20.5%
IE 20171.2020.6021.8020130.213.8851.21,141.00.0%1.2%13.91,992.20.7%
SD 20170.330.701.0320140.723.7851.81,164.70.1%2.1%24.42,016.61.2%
Southern California1.6828.1129.7920151.825.3849.71,185.30.2%2.2%27.12,050.51.3%
20163.022.2861.21,214.50.3%1.9%25.22,075.71.2%
20171.728.1865.21,247.80.2%2.4%29.82,113.01.4%
CAGR0.58%1.93%
% Change in Southern California Existing Industrial Stock
Quarter & YearLos AngelesOrange CountyChicagoPhiladelphiaNorthern New JerseyDallas/ Ft. WorthAtlantaUnited States
4Q 20014.4%5.7%6.6%8.9%7.3%8.0%9.8%7.9%
4Q 20024.7%7.6%8.3%9.6%8.2%8.7%11.3%8.9%
4Q 20034.7%6.9%8.9%9.7%7.1%9.0%11.5%9.3%
4Q 20043.9%5.3%9.0%10.5%7.4%9.4%10.4%9.0%
4Q 20053.4%4.3%9.1%9.9%7.8%8.0%10.1%8.5%
4Q 20062.8%4.1%9.1%8.4%7.2%7.5%11.1%8.1%
4Q 20073.0%3.9%9.1%8.2%7.6%7.9%11.1%8.0%
4Q 20084.2%4.6%10.0%8.8%8.1%9.1%12.6%8.7%
4Q 20094.6%6.7%11.7%10.3%9.5%10.8%14.1%10.4%
4Q 20105.3%6.9%11.6%9.5%9.3%10.9%14.9%10.4%
4Q 20115.2%5.9%11.0%8.9%9.2%9.5%13.9%9.6%
4Q 20124.8%5.5%9.6%8.9%8.9%8.6%13.1%8.9%
4Q 20134.5%4.8%8.8%8.6%8.4%7.2%11.9%8.0%
4Q 20143.2%3.9%7.9%8.1%8.1%7.4%9.1%7.2%
4Q 20152.4%2.6%7.3%7.5%7.3%7.0%7.4%6.4%
4Q 20162.3%2.3%6.5%6.3%5.8%6.1%7.6%5.4%
4Q 20172.0%2.7%6.5%5.8%5.1%6.4%6.1%4.9%
17-Year Average3.8%4.9%8.9%8.7%7.8%8.3%10.9%8.2%
Occupancy
Market Leading Occupancy
Quarter & YearLos AngelesOrange CountyChicagoPhiladelphiaNorthern New JerseyDallas/ Ft. WorthAtlantaUnited StatesLAOCSouthern CaliforniaNext 5 Largest Mkt Avg.U.S. Avg.Year
4Q 200195.6%94.3%93.4%91.1%92.7%92.0%90.2%92.1%96%94%95%92%92%2001
4Q 200295.3%92.4%91.7%90.4%91.8%91.3%88.7%91.1%95%92%94%91%91%2002
4Q 200395.3%93.1%91.1%90.3%92.9%91.0%88.5%90.7%95%93%94%91%91%2003
4Q 200496.1%94.7%91.0%89.5%92.6%90.6%89.6%91.0%96%95%95%91%91%2004
4Q 200596.6%95.7%90.9%90.1%92.2%92.0%89.9%91.5%97%96%96%91%92%2005
4Q 200697.2%95.9%90.9%91.6%92.8%92.5%88.9%91.9%97%96%97%91%92%2006
4Q 200797.0%96.1%90.9%91.8%92.4%92.1%88.9%92.0%97%96%97%91%92%2007
4Q 200895.8%95.4%90.0%91.2%91.9%90.9%87.4%91.3%96%95%96%90%91%2008
4Q 200995.4%93.3%88.3%89.7%90.5%89.2%85.9%89.6%95%93%94%89%90%2009
4Q 201094.7%93.1%88.4%90.5%90.7%89.1%85.1%89.6%95%93%94%89%90%2010
4Q 201194.8%94.1%89.0%91.1%90.8%90.5%86.1%90.4%95%94%94%90%90%2011
4Q 201295.2%94.5%90.4%91.1%91.1%91.4%86.9%91.1%95%95%95%90%91%2012
4Q 201395.5%95.2%91.2%91.4%91.6%92.8%88.1%92.0%96%95%95%91%92%2013
4Q 201496.8%96.1%92.1%91.9%91.9%92.6%90.9%92.8%97%96%96%92%93%2014
4Q 201597.6%97.4%92.7%92.5%92.7%93.0%92.6%93.6%98%97%98%93%94%2015
4Q 201697.7%97.7%93.5%93.7%94.2%93.9%92.4%94.6%98%98%98%94%95%2016
4Q 201798.0%97.3%93.5%94.2%94.9%93.6%93.9%95.1%98%97%98%94%95%2017
17-Year Average96.2%95.1%91.1%91.3%92.2%91.7%89.1%91.8%
Rental Rate
#1#1#2#3#4#5#6Market Leading Rental Rates
Quarter & YearLos AngelesOrange CountyChicagoPhiladelphiaNorthern New JerseyDallas/ Ft. WorthAtlantaUnited StatesSouthern CaliforniaNext 5 Largest Mkt Avg.U.S. Avg.Year
4Q 2001$0.55$0.64$0.41$0.34$0.48$0.37$0.33$0.42$0.60$0.39$0.422001
4Q 2002$0.55$0.60$0.39$0.34$0.47$0.36$0.30$0.40$0.58$0.37$0.402002
4Q 2003$0.57$0.67$0.40$0.38$0.51$0.38$0.34$0.39$0.62$0.40$0.392003
4Q 2004$0.60$0.74$0.44$0.37$0.52$0.39$0.31$0.39$0.67$0.41$0.392004
4Q 2005$0.59$0.76$0.40$0.39$0.52$0.38$0.30$0.41$0.68$0.40$0.412005
4Q 2006$0.63$0.81$0.39$0.39$0.53$0.39$0.30$0.43$0.72$0.40$0.432006
4Q 2007$0.69$0.86$0.41$0.40$0.54$0.40$0.31$0.45$0.78$0.41$0.452007
4Q 2008$0.70$0.85$0.41$0.40$0.54$0.39$0.33$0.45$0.78$0.41$0.452008
4Q 2009$0.63$0.71$0.39$0.39$0.50$0.38$0.31$0.42$0.67$0.39$0.422009
4Q 2010$0.58$0.62$0.37$0.37$0.48$0.37$0.29$0.40$0.60$0.38$0.402010
4Q 2011$0.57$0.65$0.37$0.37$0.47$0.36$0.29$0.4075.3%$0.61$0.37$0.402011
4Q 2012$0.58$0.65$0.37$0.37$0.48$0.38$0.29$0.4124.7%$0.62$0.38$0.412012
4Q 2013$0.63$0.70$0.38$0.38$0.50$0.41$0.30$0.42$0.67$0.39$0.422013
4Q 2014$0.68$0.75$0.44$0.38$0.50$0.42$0.33$0.46$0.72$0.41$0.462014
4Q 2015$0.75$0.80$0.47$0.38$0.52$0.44$0.35$0.48$0.77$0.43$0.482015
4Q 2016$0.80$0.87$0.48$0.40$0.57$0.47$0.37$0.50$0.83$0.46$0.502016
4Q 2017$0.93$1.01$0.50$0.42$0.65$0.47$0.40$0.54$0.95$0.49$0.542017
17-Year Average$0.65$0.75$0.41$0.38$0.52$0.40$0.32$0.4377%
Southern California Infill Markets
Total SFLos AngelesOrange
YearDemolished- LA &OCCountyCountyDemolished TotalsLos Angeles CountyOrange County
20011,800,8551,581,880218,9751,800,85520011,581,880218,975
20023,013,1452,520,112493,0333,013,14520022,520,112493,033
20034,427,0483,235,0231,192,0254,427,04820033,235,0231,192,025
20042,826,5392,791,54134,9982,826,53920042,791,54134,998
20053,441,2912,797,497643,7943,441,29120052,797,497643,794
20063,235,2452,223,0791,012,1663,235,24520062,223,0791,012,166
20075,377,3154,238,3721,138,9435,377,31520074,238,3721,138,943
20083,098,2932,423,620674,6733,098,29320082,423,620674,673
20095,698,1914,919,288778,9035,698,19120094,919,288778,903
20105,830,7915,136,578694,2135,830,79120105,136,578694,213
20115,925,1284,720,0731,205,0555,925,12820114,720,0731,205,055
20128,639,7817,115,0481,524,7338,639,78120127,115,0481,524,733
20133,250,5542,502,435748,1193,250,55420132,502,435748,119
20143,497,2222,042,5251,454,6973,497,22220142,042,5251,454,697
20153,985,7292,632,5421,353,1873,985,72920152,632,5421,353,187
2016.3Q3,261,9862,228,4111,033,5753,261,9862016.3Q2,228,4111,033,575
Market Totals67,309,11353,108,02414,201,08967,309,11353,108,02414,201,089
Source: CoStar Property Database, DAUM Commercial Real Estate Services
&"Times New Roman,Regular"&8&F, &A&D, &T
&"Times New Roman,Regular"&8&F, &A&D, &T
Single-Tenant % Change200120022003200420052006200720082009201020112012201320142015201620173.0091964361073607E-22.2747541149225173E-22.1844359281678091E-22.3658090093371612E-23.5085019213745558E-24.1706422733170927E-23.0067947323010876E-22.4668252619583518E-28.3814049174489608E-32.815977653515734E-34.7962197562060804E-38.6824171095615105E-31.2211293833498059E-22.0792423349816225E-22.215892006933437E-21.9E-22.3715515059478613E-2Multi-Tenant % Change200120022003200420052006200720082009201020112012201320142015201620172.0990370146088493E-21.0633830475401175E-21.0664060384109898E-28.8274964482313867E-37.6264525523627872E-39.6332478881703178E-37.7095346282264297E-36.7710964646394622E-34.118897819807169E-35.2782978679028305E-41.2495072861009918E-47.2389060312963744E-51.9779403638283346E-47.9938004576345014E-42.1508433905932565E-33.0000000000000001E-31.9746826356043605E-3
Southern California200120022003200420052006200720082009201020112012201320142015201620170.594999999999999970.574999999999999960.620.669999999999999930.675000000000000040.720.774999999999999910.774999999999999910.669999999999999930.60.610.614999999999999990.665000000000000040.715000000000000080.774583333333333290.83041666666666680.95304936346309332U.S. Avg.200120022003200420052006200720082009201020112012201320142015201620170.420.40.390.390.410.430.450.450.420.40.40.410.420.460.480.504166666666666650.53833333333333333Next 5 Largest Mkt Avg.200120022003200420052006200720082009201020112012201320142015201620170.386000000000000010.3720.401999999999999970.406666666666666620.398333333333333320.399166666666666670.411000000000000030.414833333333333330.393666666666666720.37650.37250.377166666666666650.393333333333333370.414500000000000040.431833333333333350.457499999999999910.48874730843965553
Southern California200120022003200420052006200720082009201020112012201320142015201620170.949500000000000010.93850.941999999999999950.953999999999999960.961500000000000020.965500000000000020.965500000000000020.955999999999999960.943500000000000010.939000000000000060.944500000000000010.94849999999999990.953500000000000010.964499999999999910.974999999999999980.976999999999999980.97641966583634754U.S. Avg.200120022003200420052006200720082009201020112012201320142015201620170.921000000000000040.911000000000000030.907000000000000030.910.915000000000000040.919000000000000040.920.913000000000000030.896000000000000020.896000000000000020.904000000000000030.911000000000000030.920.928000000000000050.935999999999999940.945999999999999950.95112486818863906Next 5 Largest Mkt Avg.200120022003200420052006200720082009201020112012201320142015201620170.918800000000000060.907799999999999940.907600000000000070.906600000000000070.910200000000000010.913399999999999990.912200000000000010.902799999999999820.887199999999999990.887600000000000170.894999999999999910.901800000000000050.910200000000000010.918800000000000060.926999999999999940.935400000000000120.94036181411274034
Los Angeles County & Orange County
Diminished Supply of Industrial Converted to Other Uses
#REF!000000000000000000000000000000#REF!000000000000000000000000000000
Square Feet (Millions)
Diminished Supply of Industrial Property Converted to Other Uses
#REF!000000000000000000000000000000#REF!000000000000000000000000000000
Millions (sq. ft.)
1#REF!
E-Commerce
US forecasted B2B e-commerce sales
2015$ 780
2016$ 855
2017$ 928
2018$ 999
2019$ 1,066
2020$ 1,132
Online and Catalog Taxable Retail SalesOnline and Catalog Taxable Retail Sales
So CalSo Cal
2010$ 1,7222011$ 1.8
2011$ 1.82014$ 4.6
2012$ 2,528.6
2013$ 4,054.1
2014$ 4.6
20152015
140377.8%
46779.4%60.3%
-99.9%
-100.0%
ERROR:#DIV/0!
ERROR:#DIV/0!
ERROR:#DIV/0!
-100.0%
-265.6%
SoCal E-Commerce Retail Sales
2011$ 1.8
2014$ 4.6
Online and Catalog Taxable Retail Sales
SoCalLA CountyOrange CountyRiverside CountySan Bernardino CountySan Diego CountyVentura County
2010$ 1,722.2$ 790.6$ 481.6$ 92.9$ 125.1$ 140.4$ 91.6
2011$ 1,840.7$ 897.6$ 460.0$ 101.9$ 141.3$ 152.1$ 87.8
2012$ 2,528.6$ 1,200.3$ 635.7$ 142.1$ 170.2$ 265.5$ 114.8
2013$ 4,054.1$ 1,906.6$ 893.3$ 243.3$ 274.0$ 557.0$ 179.9
2014$ 4,640.8$ 2,170.1$ 976.2$ 309.8$ 336.3$ 641.1$ 207.3
2015
U.S. E-Comm. Retail Sales$ 373$ 855
U.S. E-Comm. B2B Sales$ 531$ 1,132
Retail Employees: E-Commerce and Mail-Order Houses
CaliCaliforniaCalifornia
2016$ 373Sept. 201126.6
2020 (est.)$ 531Sept. 201643.1
2016$ 855
2020 (est.)$ 1,132
US E-Comm. Retail SalesUS E-Comm. B2B SalesE-Comm. % of Total RetailE-Comm. % of Total B2B20162020GrowthE-Comm. % of Total RetailE-Comm. % of Total B2B
2014$ 304$ 6926.4%8.5%2016 2020 (est.)$ 373$ 53142%6.4%8.5%
2015$ 342$ 7807.3%9.3%2016 2020 (est.)$ 855$ 1,13232%8.5%11.0%
2016$ 373$ 8557.5%9.9%
2017$ 410$ 9288.0%10.5%
2018$ 449$ 9998.5%11.0%
US E-Comm. Retail SalesUS E-Comm. B2B SalesGrowth
2016$ 373$ 855129%
2020$ 531$ 1,132113%
1Q172Q173Q174Q17
32%36%26%29%
21191614
65536149
32%36%26%29%
70
228
31%
Acquisition volume
20132014201520162017
$ 83.7$ 396.7$ 247.6$ 371.6$ 666.7
Debt/EBITDA
YE 2013YE 2014YE 2015YE 2016YE 2017
7.76.96.35.45.4
&"Times New Roman,Regular"&8&F, &A&D, &T
US forecasted B2B e-commerce sales20152016201720182019202078085592899910661132
SoCal E-Commerce Retail Sales
201120141.84.5999999999999996
U.S. E-Comm. Retail Sales
373855U.S. E-Comm. B2B Sales
5311132
1Q172Q173Q174Q170.320.360.260.28999999999999998
2013201420152016201783.7396.7247.6371.6666.7
Southern California200120022003200420052006200720082009201020112012201320142015201620170.594999999999999970.574999999999999960.620.669999999999999930.675000000000000040.720.774999999999999910.774999999999999910.669999999999999930.60.610.614999999999999990.665000000000000040.715000000000000080.774583333333333290.83041666666666680.95304936346309332U.S. Avg.200120022003200420052006200720082009201020112012201320142015201620170.420.40.390.390.410.430.450.450.420.40.40.410.420.460.480.504166666666666650.53833333333333333Next 5 Largest Mkt Avg.200120022003200420052006200720082009201020112012201320142015201620170.386000000000000010.3720.401999999999999970.406666666666666620.398333333333333320.399166666666666670.411000000000000030.414833333333333330.393666666666666720.37650.37250.377166666666666650.393333333333333370.414500000000000040.431833333333333350.457499999999999910.48874730843965553
YE 2013YE 2014YE 2015YE 2016YE 20177.76.96.35.45.4
So Cal201120141.84.5999999999999996
California
20162020 (est.)20162020 (est.)3735318551132
US E-Comm. Retail Sales
20142015201620172018304342373410449US E-Comm. B2B Sales
20142015201620172018692780855928999E-Comm. % of Total Retail
201420152016201720186.4000000000000001E-27.2999999999999995E-27.4999999999999997E-20.088.5000000000000006E-2E-Comm. % of Total B2B
201420152016201720188.5000000000000006E-29.2999999999999999E-29.9000000000000005E-20.1050.11
US E-Comm. Retail Sales
20142015201620172018304342373410449US E-Comm. B2B Sales
20142015201620172018692780855928999E-Comm. % of Total Retail
201420152016201720186.4000000000000001E-27.2999999999999995E-27.4999999999999997E-20.088.5000000000000006E-2E-Comm. % of Total B2B
201420152016201720188.5000000000000006E-29.2999999999999999E-29.9000000000000005E-20.1050.11
California
Sept. 2011Sept. 201626.643.1
So Cal
201120141.84.5999999999999996
US E-Comm. Retail Sales
20162020373531US E-Comm. B2B Sales
201620208551132
2016
2016 2020 (est.)2016 2020 (est.)3738552020
2016 2020 (est.)2016 2020 (est.)5311132
E-Comm.RetailSales
E-Comm.B2BSales
E-Comm.RetailSales
E-Comm.RetailSales
E-Comm.B2BSales
10 - PurePlay
Rexford Industrial
[File Title]
TickerQ4 2017Total%of
LPT3,15287,3033.6%
DRE6,706132,7255.1%
EGP2,60537,3387.0%
FR5,88961,7679.5%
PLD72,865628,26811.6%
DCT9,19765,11414.1%
TRNO2,73713,06021.0%
REXR18,467N/A100.0%
121,6181,025,575
6.6%45%
TRNOSoCalTotal
2,73713,060updated for q417
2,73713,060
PLD
SoCalTotal
72,865628,268updated for q417
72,865628,268
DCTSoCalTotal
9,19765,114updated for q417
9,19765,114
EGPSoCalTotal
214037,338updated for q417
465San Diego
260537,338
FRSocalTotal
5,88961,767updated for q317
5,88961,767
DRE
SocalTotal
6,706132,725updated for q417
LPTSocalTotal
3,15287,303updated for q417
3,15287,303
&"Times New Roman,Regular"&8&F, &A&D, &T
&"Times New Roman,Regular"&8&F, &A&D, &T
LPTDREEGPFRPLDDCTTRNOREXR3.610266452283406E-25.0525522697306459E-26.9768064706197438E-29.5338817345557908E-20.11597757644826730.141244586417667490.20957683637618591
11 - DiversifiedPortfolio
Rexford IndustrialSupplemental backup; not shown on the face of the supp
Source: Draft 2016 10K
Diversified Product TypeCovering a Broad Range of IndustriesOur Properties
% of Total SFSFABR byIncludes Consolidated & Unconsolidated Portfolio
Warehouse / Distribution53%9,859,87653.00%Tenant Industry%Table 1 - Our Portfolio
Warehouse / Light Manufacturing39%7,160,92639.00%Warehousing40,029,29425.53%26%
Light Industrial / Office5%989,6845.00%Wholesale Trade33,482,28721.36%21%RIF NameProperty AddressAsset TypeRentable Square Feet
Light Manufacturing / Flex3%466,3233.00%Manufacturing20,436,17813.03%13%
Consolidated Portfolio - Total / Weighted Average 100.00%18,476,809100.00%Retail Trade11,021,4137.03%7%Consolidated Portfolio
FLAGTransportation 9,418,2666.01%6%Los Angeles - Greater San Fernando Valley
Scientific/ Technical9,589,3826.12%6%BURBANK901 W. Alameda Ave.Light Industrial / Office44,924FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Construction6,017,2333.84%4%VANOWEN10635 Vanowen St.Warehouse / Light Manufacturing31,037TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Information4,208,8442.68%3%2980_2990 N SAN FERNANDO2980 & 2990 N San Fernando RoadWarehouse / Light Manufacturing130,800TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Repair/ Maintenance3,247,5022.07%2%9401 DE SOTO AVE9401 De Soto AveWarehouse / Light Manufacturing150,263TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Paper/Printing2,486,7481.59%2%9120 MASON AVENUE9120 Mason Ave.Warehouse / Distribution319,348FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Other16,849,81610.75%11%CHATSWORTH INDUSTRIAL PARK21040 Nordoff Street; 9035 Independence Avenue; 21019 - 21045 Osborne StreetWarehouse / Distribution153,236FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
GlendaleLight Industrial / Office25,168FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Health Care and Social Assistance2,409,230GLENDALE COMMERCE CENTER3350 Tyburn St., 3332, 3334, 3360, 3368, 3370, 3378, 3380, 3410, 3424 N. San Fernando Rd.Warehouse / Distribution475,566FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Administrative and Support and Waste Management and Remediation Services3,167,0093116 AVENUE 323116 W. Avenue 32Warehouse / Distribution100,500FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Real Estate 843,1717900 NELSON ROAD7900 Nelson Rd.Warehouse / Distribution202,905FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Arts, Entertainment, and Recreation2,237,828VINEDO121-125 N. Vinedo Ave.Warehouse / Light Manufacturing48,381TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Public Administration3,420,945SAN GABRIEL89-91 N. San Gabriel Blvd., 2670-2674 Walnut Ave., 2675 Nina St.Light Manufacturing / Flex31,619FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Other4,771,633ARROYO1050 Arroyo Ave.Warehouse / Light Manufacturing76,993TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
605 8TH STREET605 8th StreetWarehouse / Distribution55,715FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
24935_24955 AVENUE KEARNY24935 & 24955 Avenue KearnyWarehouse / Distribution138,980FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Total$156,786,964100%BLEDSOE AVENUE15140 & 15148 Bledsoe St., 13065 - 13081 Bradley Ave.Warehouse / Light Manufacturing133,356TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
TARZANA18310-18330 Oxnard St.Warehouse / Light Manufacturing75,288TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
CROCKER28340 - 28400 Avenue CrockerWarehouse / Light Manufacturing90,722TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
AVENUE STANFORD28159 Avenue StanfordLight Industrial / Office78,910FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Geographically Diversified High RentsCALVERT15041 Calvert St.Warehouse / Light Manufacturing81,282TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
REXRREXR ABRUS Average Avg REXR14723-14825 OXNARD14723-14825 Oxnard St.Warehouse / Light Manufacturing77,790TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
SF (2/20)% of SFPSF (12/31)ABR per SFABR per SF (12/31)ORION8101-8117 Orion Ave.Warehouse / Light Manufacturing48,394TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Los Angeles8,837,61447.86%48%US Average$6.46
Bill Carrier: Bill Carrier:from DAUM data8.88ODESSA6701 & 6711 Odessa Ave.Warehouse / Light Manufacturing29,544TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Diego1,819,6469.85%10%San Diego$11.10$6.468.8828454 LIVINGSTON AVELight Industrial / Office134,287FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Orange2,482,72813.44%14%Los Angeles$9.19$6.468.88525 PARK AVENUELight Industrial / Office63,403FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Bernardino3,582,60819.40%19%Orange$9.06$6.468.88Los Angeles - Greater San Fernando Valley Total2,798,411
Ventura1,744,4859.45%9%Ventura$8.59$6.468.88
Total18,467,081100%100%San Bernardino$7.07$6.468.88Los Angeles - San Gabriel Valley
425 HACIENDA BLVD425 S. Hacienda Blvd.Warehouse / Light Manufacturing51,823TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
14955-14971 SALT LAKE AVE14955-14971 E Salt Lake AveWarehouse / Light Manufacturing126,036TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
DON JULIAN15241 - 15277, 15317 - 15339 Don Julian Rd.Warehouse / Distribution241,248FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
IRWINDALE15715 Arrow HighwayLight Manufacturing / Flex76,000FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
ARROW BUSINESS CENTER15705, 15709 Arrow Highway & 5220 Fourth St.Warehouse / Light Manufacturing69,592TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
16321_16327 ARROW HIGHWAY16321 Arrow Hwy.Warehouse / Light Manufacturing64,296TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
VALLEY BLVD14250-14278 Valley Blvd.Warehouse / Light Manufacturing99,735TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
GOLDEN VALLEY13914-13932 Valley Blvd.Warehouse / Light Manufacturing58,084TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
MONROVIA1400 South ShamrockLight Manufacturing / Flex67,838FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
THOMPSON2743 Thompson Creek Rd.Warehouse / Distribution245,961FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
BONITA280 W. Bonita Ave.Warehouse / Distribution119,898FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
3880 VALLEY3880 West Valley Blvd.Warehouse / Light Manufacturing108,703TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
16425 GALE AVENUEWarehouse / Distribution325,800FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
10750-10826 LOWER AZUSA ROADWarehouse / Distribution79,050FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
14750 NELSON AVEWarehouse / Distribution145,531FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Los Angeles - San Gabriel Valley Total1,879,595
Los Angeles - CentralFALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
6020 SHEILA STREET6020 Sheila St.Warehouse / Distribution70,877FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
6700 ALAMEDA ST6700 S Alameda St.Warehouse / Distribution78,280TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
679_691 ANDERSON STREET679-691 S Anderson St.Warehouse / Light Manufacturing47,490TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
EAST 46TH STREET1938-1946 E. 46th St.Warehouse / Light Manufacturing190,663
Los Angeles - Central Total387,310
Supplemental Portfolio Overview
Property=rexford AND Date=08/31/2016 AND Output By=CountyLos Angeles - Mid-CountiesTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
16221 ARTHUR STREET16221 Arthur St.Warehouse / Light Manufacturing61,372TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
TotalTotalOccupancyTotalTotalCORNERSTONE9220-9268 Hall Rd.Warehouse / Light Manufacturing176,405FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
#Same-StoreNon-Same-StoreTotalSame-StoreNon-Same-StoreExcludingABRABRRepositionReposition9615 NORWALK BLVD9615 Norwalk Blvd.Warehouse / Distribution38,362FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
CountyPropertiesSqftSqftSqftOccupancyOccupancyOccupancyRepositioningTotalper SqftOcc SqftSqftSANTA FE SPRINGS9641 - 9657 Santa Fe Springs Rd.Warehouse / Distribution106,995FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Los Angeles644,907,4531,657,9016,565,35491.00056587488.622662028790.400091145195.462957818252642500.720024$ 8.875910211619110410709_10719 NORWALK BLVD10701-10719 Norwalk Blvd.Warehouse / Distribution58,056TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
14750 Nelson145,5310$ - 0
Los Angeles Pro Forma6,710,88588.4452642500.720024$ 8.87
Orange2113079081259842256775082.168164733399.20490029790.5396.48344222720604511.8$ 8.862324509240923110950 NORWALK BLVD10950 Norwalk Blvd & 12241 Lakeland Rd.Warehouse / Light Manufacturing18,995TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Bernardino151046466568109161457596.454638755695.608413174296.1696.156883390411063517.48$ 7.131552525161457512247 LAKELAND ROAD12247 Lakeland Rd.Warehouse / Light Manufacturing24,875FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Ventura121057369542982160035191.805036841467.363006508583.5183.512117029311257474.92$ 8.421336487160035112907 IMPERIAL HIGHWAY12907 Imperial HighwayWarehouse / Distribution101,080TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Diego201325446769706209515296.787798220450.555536789479.8097.129733334617819464.44$ 10.6616719991721408SHOEMAKER14944, 14946, 14948 Shoemaker Ave.Warehouse / Light Manufacturing85,950
Total Pro Forma1329644642479854014,588,71391.278110685783.716276200787.8894.5264377817113387469.360024$ 8.841279573113536669
Los Angeles - Mid-Counties Total672,090
1329644642479854014,588,71391.278110685783.716276200787.8894.5264377817113387469.360024$ 8.841279573113536669
Los Angeles - South BayTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
1065 WALNUT STREET1065 E. Walnut Ave.Warehouse / Light Manufacturing172,420FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
BROADWAY18118-18120 S. BroadwayWarehouse / Distribution78,183TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
157TH STREET311, 319, 329 & 333 157th St.Warehouse / Light Manufacturing60,000FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
220 IVY AVENUE240 W Ivy AvenueWarehouse / Distribution45,685FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
240TH STREET1661 240th St.Warehouse / Distribution96,616FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
11120_11200 HINDRY AVENUE11120, 11160, 11200 Hindry AveWarehouse / Distribution63,654TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
2588_2605 INDUSTRY WAY2588 & 2605 Industry WayWarehouse / Light Manufacturing164,662TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
PARAMOUNT BUSINESS CENTER6423-6431 & 6407-6119 Alondra Blvd.Warehouse / Light Manufacturing30,224TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
ROSECRANS AVE7110 Rosecrans Ave.Warehouse / Light Manufacturing73,439TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
NORMANDIE BUSINESS CENTER20920-20950 Normandie Ave.Warehouse / Light Manufacturing49,519TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
24105 FRAMPTON AVENUE24105 Frampton Ave.Warehouse / Light Manufacturing49,841TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
228TH STREET1500-1510 W. 228th St.Warehouse / Light Manufacturing89,236
Los Angeles - South Bay Total973,479
Orange County - NorthTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
THE PARK1100-1170 Gilbert St. & 2353-2373 La Palma Ave.Warehouse / Light Manufacturing120,313TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
ORANGETHORPE1631 N. Placentia Ave., 2350 - 2384 E. Orangethorpe Ave.Warehouse / Light Manufacturing62,395TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
5235 HUNTER5235 East Hunter Ave.Warehouse / Light Manufacturing119,692FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
WALNUT CENTER2300-2386 East Walnut Ave.Warehouse / Distribution161,286TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
1210 N RED GUM ST1210 N Red Gum StWarehouse / Light Manufacturing64,570TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
YORBA LINDA BUSINESS PARK22343-22349 La Palma Ave.Warehouse / Light Manufacturing115,760FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
1600 ORANGETHORPELight Industrial / Office345,756
Orange County - North Total989,772
Orange County - WestTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
1700 SATURN WAY1700 Saturn WayWarehouse / Light Manufacturing170,865TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
17311 NICHOLS LANE17311 Nichols Ln.Warehouse / Light Manufacturing114,912FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
12131 WESTERN AVENUEWarehouse / Distribution207,953FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Orange County - West Total493,730FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Orange County - SouthTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
20531 CRESCENT BAY20531 Crescent Bay Dr.Warehouse / Light Manufacturing46,178FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
20 ICONWarehouse / Distribution102,299FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
9 HOLLANDLight Manufacturing / Flex180,981FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
329,458FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Orange County - AirportTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
1601_1621 ALTON1601 Alton Pkwy.Warehouse / Light Manufacturing124,000FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
MACARTHUR3441 West MacArthur Blvd.Warehouse / Distribution122,060TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
GRAND COMMERCE CENTER600-650 South Grand Ave.Warehouse / Light Manufacturing101,210TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
HARBOR WARNER3720-3750 W. Warner Ave.Warehouse / Light Manufacturing38,570TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
GRAND200-220 South Grand Ave.Warehouse / Light Manufacturing27,200TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
2610_2701 BIRCH2610 & 2701 S. Birch StreetWarehouse / Light Manufacturing98,379FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
2700_2722 FAIRVIEW STREETLight Industrial / Office116,575FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
2811 HARBOR BOULEVARDLight Manufacturing / Flex126,796FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Orange County - Airport Total754,790FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Bernardino - Inland Empire WestFALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
13231 SLOVER AVENUE13231 Slover AvenueWarehouse / Distribution109,463FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
10509 BUSINESS DRIVE10509 Business DriveWarehouse / Distribution130,788TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
BENSON8900-8980 Benson Ave., 5637 Arrow HighwayWarehouse / Light Manufacturing88,016TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
CAMPUS AVENUE1400 S. Campus Ave.Warehouse / Light Manufacturing107,861FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
601_605 MILLIKEN AVENUE601-605 S. Milliken Ave.Light Industrial / Office128,322FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
ONTARIO AIRPORT BUSINESS PARK845, 855, 865 S Milliken Ave & 4317, 4319 Santa Ana St.Light Industrial / Office113,612TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
DUPONT BUSINESS CENTER710 South Dupont Avenue & 4051 Santa Ana StreetWarehouse / Light Manufacturing111,890FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
ARCHIBALD9375 Archibald Ave.Light Industrial / Office62,677FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
EMPIRE LAKES9160 - 9220 Cleveland Ave., 10860 6th St.Light Manufacturing / Flex129,309FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
9805 6TH STREET9805 6th St.Warehouse / Distribution81,377FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
JERSEY10700 Jersey Blvd.Light Industrial / Office107,568FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
CATAWBAWarehouse / Distribution145,750FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
JURUPAWarehouse / Distribution212,660FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Bernardino - Inland Empire West Total1,529,293FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Bernardino - Inland Empire EastTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
ENFIELD77-700 Enfield LaneWarehouse / Light Manufacturing21,607TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
CENTRAL6750 Unit B-C - 6780 Central Ave.Warehouse / Light Manufacturing63,675FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Bernardino - Inland Empire East Total85,282FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Ventura CountyFALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
LEWIS ROAD300 South Lewis Rd.Warehouse / Distribution215,128FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
201 RICE AVENUE201 Rice Ave. & 2400-2420 CelsiusWarehouse / Distribution137,785TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
610_760 HUENEME ROAD610-760 W Hueneme Rd & 5651-5721 Perkins RdWarehouse / Light Manufacturing87,181FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
1800 EASTMAN AVENUE1800 Eastman AveWarehouse / Distribution33,332FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
OXNARD2220-2260 Camino del SolWarehouse / Distribution69,891FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
2350_2380 EASTMAN AVENUE2350-2380 Eastman AveWarehouse / Distribution55,296FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
2360_2364 EAST STURGIS ROAD2360-2364 E. Sturgis RoadWarehouse / Distribution49,641FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
3120_3150 PASEO MERCADO3000 Paseo Mercado, 3120-3150 Paseo MercadoWarehouse / Distribution132,187TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
DEL NORTE701 Del Norte Blvd.Warehouse / Light Manufacturing125,514FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
MADERA ROAD2950 Madera Rd.Warehouse / Distribution136,065TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
EASY STREET21-29 West Easy St.Warehouse / Light Manufacturing102,530FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
3233 MISSION OAKSLight Industrial / Office455,801FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
Ventura County Total1,600,351FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Diego - North County TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
YARROW DRIVE6200 & 6300 Yarrow Dr.Warehouse / Light Manufacturing151,433FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
IMPALA2431-2465 Impala Dr.Light Manufacturing / Flex89,955TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
YARROW DRIVE II6231 & 6241 Yarrow Dr.Warehouse / Light Manufacturing80,441FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
NEWTON5803 Newton Dr.Light Manufacturing / Flex71,602TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
POINSETTIA929, 935, 939 & 951 Poinsettia Ave.Warehouse / Light Manufacturing121,892TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
PIONEER AVENUE2575 Pioneer Ave.Warehouse / Light Manufacturing68,935FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Diego - North County Total584,258FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Diego - CentralFALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
FIRST AMERICAN WAY12345 First American WayLight Manufacturing / Flex40,022FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
12720_12860 DANIELSON COURT12720-12860 Danielson Ct.Light Industrial / Office112,062FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
8902_8940 ACTIVITY ROAD8902-8940 Activity RdLight Industrial / Office112,501FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
2535 MIDWAY DRIVE2535 Midway Dr.Warehouse / Distribution373,744FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
6970_7374 CONVOY COURT6970-7170 & 7310-7374 Convoy Ct.Warehouse / Distribution187,763TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
9340 CABOT DRIVE9340 Cabot DriveWarehouse / Light Manufacturing86,564TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
9404 CABOT DRIVE9404 Cabot DriveWarehouse / Light Manufacturing46,846TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
9455 CABOT DRIVE9455 Cabot DriveWarehouse / Light Manufacturing96,840TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
9755 DISTRIBUTION9755 Distribution Ave.Warehouse / Light Manufacturing47,666TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
9855 DISTRIBUTION9855 Distribution AveWarehouse / Light Manufacturing60,819TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
LA JOLLA SORRENTO BUSINESS PARK10439-10477 Roselle St.Warehouse / Light Manufacturing97,967FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
8525 CAMINO SANTA FEWarehouse / Distribution59,399FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
13550 STOWE DRIVEWarehouse / Distribution112,000FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Diego - Central Total1,434,193FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
San Diego - South County TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex
WEST 33RD STREET131 W. 33rd St.Warehouse / Light Manufacturing76,701
Consolidated Portfolio - Total / Weighted Average 14,588,713
&"Times New Roman,Regular"&8&F, &A&D, &T
&"Times New Roman,Regular"&8&F, &A&D, &T
WarehousingWholesale TradeManufacturingRetail TradeTransportation Scientific/ TechnicalConstructionInformationRepair/ MaintenancePaper/PrintingOther0.260.210.137.0000000000000007E-20.060.060.040.030.020.020.11
PSF (12/31)
San DiegoLos AngelesOrangeVenturaSan Bernardino11.19.199.068.597.07ABR per SFSan DiegoLos AngelesOrangeVenturaSan Bernardino6.466.466.466.466.46ABR per SF (12/31)San DiegoLos AngelesOrangeVenturaSan Bernardino8.88000000000000088.88000000000000088.88000000000000088.88000000000000088.8800000000000008
Warehouse / Light Manufacturing 39%
Warehouse / Distribution
53%
Light Industrial / Office
5%
Flex / Light Manufacturing
3%
Warehouse / DistributionWarehouse / Light ManufacturingLight Industrial / OfficeLight Manufacturing / Flex0.530.390.050.03
Los Angeles
48%
Orange
14%
San Diego
10%
San Bernardino 19%
Ventura
9%
Los AngelesSan DiegoOrangeSan BernardinoVentura0.480.10.140000000000000010.190.09
E-commerce pie
Covering a Broad Range of Industries
SF by
Tenant Industry%
33.0%General Warehousing193,666.2032.69%33%
24.0%Wholesalers, Durable141,293.3223.85%24%
15.0%Wholesalers, Nondurable90,162.5915.22%15%
8.0%Other48,475.518.18%8%
6.0%Health & Personal Care33,461.005.65%6%
6.0%Retailers35,969.646.07%6%
5.0%Scientific/ Technical26,816.204.53%4%
4.0%Construction22,579.603.81%4%
100.00%
Total592,424100%
&"Times New Roman,Regular"&8&F, &A&D, &T
General WarehousingWholesalers, DurableWholesalers, NondurableOtherHealth & Personal CareRetailersScientific/ TechnicalConstruction0.330.240.150.080.060.060.040.04
13 - Map-MarketSizes
Rexford Industrial
●Note: Ventura include the JV as well
Market SFMKT VACREXR SFNewREXR SFMKT VAC (REXR Weight)
Greater San Fernando Valley1731.2%2.7980.1112.9101.2%
San Gabriel Valley1510.9%1.8811.8810.9%
Central LA2861.3%0.3870.3871.3%
Mid-Counties1100.9%0.6720.6720.9%
South Bay2200.8%1.0951.0950.8%
Ventura633.4%1.6001.6003.4%
Inland Empire East2076.5%0.085
Inland Empire West2782.1%1.8141.8142.1%
North Orange County1131.3%0.8740.8741.3%
West Orange County410.5%0.4940.4940.5%
South Orange County333.4%0.3290.3293.4%
OC Airport681.9%0.7550.7551.9%
San Diego1914.4%2.2332.2334.4%
Southern California1,9332.3%15.0215.042.0%
Orange County1.6%
&"Times New Roman,Regular"&8&F, &A&D, &T
&"Times New Roman,Regular"&8&F, &A&D, &T
14 - DAUM-SoCal Rent Proj
Rexford Industrial
[File Title]
Multi-Tenant 100,000 sq. ft.
Multi-Tenant Rent % Change% Annual Change% Change from PeakSingle Tenant Rent % Change% Annual Change% Change from PeakAll Building Sizes% Annual Change% Change from Peak
2007 4Q$0.880$0.540$0.720
2008 1Q$0.880$0.550$0.720
2008 2Q$0.870$0.540$0.720
2008 3Q$0.850$0.540$0.710
2008 4Q$0.830-5.7%-5.7%$0.530-1.9%-1.9%$0.700-2.8%-2.8%
2009 1Q$0.820$0.510$0.670
2009 2Q$0.810$0.490$0.650
2009 3Q$0.800$0.470$0.630
2009 4Q$0.760-8.4%-13.6%$0.450-15.1%-16.7%$0.600-14.3%-16.7%
2010 1Q$0.740$0.440$0.580
2010 2Q$0.730$0.430$0.570
2010 3Q$0.720$0.430$0.570
2010 4Q$0.710-6.6%-19.3%$0.430-4.4%-20.4%$0.560-6.7%-22.2%
2011 1Q$0.710$0.420$0.560
2011 2Q$0.700$0.430$0.570
2011 3Q$0.700$0.430$0.560
2011 4Q$0.700-1.4%-20.5%$0.4402.3%-18.5%$0.5701.8%-20.8%
2012 1Q$0.700$0.450$0.580
2012 2Q$0.700$0.460$0.580
2012 3Q$0.710$0.460$0.580
2012 4Q$0.7101.4%-19.3%$0.4706.8%-13.0%$0.5801.8%-19.4%
2013 1Q$0.720$0.480$0.590
2013 2Q$0.730$0.480$0.600
2013 3Q$0.750$0.490$0.610
2013 4Q$0.7607.0%-13.6%$0.5006.4%-7.4%$0.6308.6%-12.5%
2014 1Q$0.780$0.500$0.640
2014 2Q$0.800$0.520$0.650
2014 3Q$0.820$0.520$0.660
2014 4Q$0.84010.5%-4.5%$0.5306.0%-1.9%$0.6807.9%-5.6%
2015 1Q$0.850$0.530$0.690
2015 2Q$0.870$0.540$0.710
2015 3Q$0.880$0.550$0.720
2015 4Q$0.9209.5%4.5%$0.5605.7%3.7%$0.7307.4%1.4%
2016 1Q$0.930$0.560$0.740
2016 2Q$0.950$0.570$0.760
2016 3Q$0.970$0.570$0.770
2016 4Q$1.0008.7%13.6%$0.5803.6%7.4%$0.7806.8%8.3%
2017 1Q$1.010$0.590$0.790
2017 2Q$1.040$0.610$0.800
2017 3Q$1.050$0.620$0.810
2017 4Q$1.0808.0%22.7%$0.6308.6%16.7%$0.8306.4%15.3%
2018 1Q$1.090$0.600$0.840
2018 2Q$1.100$0.630$0.850
2018 3Q$1.130$0.640$0.850
2018 4Q$1.1405.6%29.5%$0.6503.2%20.4%$0.8603.6%19.4%
Small-Sized Tenant Rent % Change% Change from PeakLarge Tenant Rent % Change% Change from PeakAll Building Sizes% Annual Change% Change from Peak
2008$0.830(5.7%)(5.7%)$0.530(1.9%)(1.9%)$0.700(2.8%)(2.8%)
2009$0.760(8.4%)(13.6%)$0.450(15.1%)(16.7%)$0.600(14.3%)(16.7%)
2010$0.710(6.6%)(19.3%)$0.430(4.4%)(20.4%)$0.560(6.7%)(22.2%)
2011$0.700(1.4%)(20.5%)$0.4402.3%(18.5%)$0.5701.8%(20.8%)
2012$0.7101.4%(19.3%)$0.4706.8%(13.0%)$0.5801.8%(19.4%)
2013$0.7607.0%(13.6%)$0.5006.4%(7.4%)$0.6308.6%(12.5%)
2014$0.84010.5%(4.5%)$0.5306.0%(1.9%)$0.6807.9%(5.6%)
2015$0.9209.5%4.5%$0.5605.7%3.7%$0.7307.4%1.4%
2016$1.0008.7%13.6%$0.5803.6%7.4%$0.7806.8%8.3%
2017$1.0808.0%22.7%$0.6308.6%16.7%$0.8306.4%15.3%
2018E$1.1405.6%29.5%$0.6503.2%20.4%$0.8603.6%19.4%
$0.737
All Building SizesSmall & mid-size tenant
Multi-Tenant Rent Growth% Change from PeakSi