LOS ANGELES,
Dec. 27, 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 that Angela Kleiman has been appointed as an
independent director to the Company's Board of
Directors effective December 31, 2021.
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Ms. Kleiman is currently Senior Executive Vice President
and Chief Operating Officer of Essex Property Trust (NYSE: ESS),
a fully integrated real estate investment trust (REIT) and an
S&P 500 company. Essex acquires, develops,
redevelops and manages multifamily residential properties in select
West Coast markets. Ms. Kleiman leads operations, which
includes asset and property
management, technology and data
analytics, research and redevelopment. Ms. Kleiman
previously served as the Essex Executive Vice President
and Chief Financial Officer from 2015 to 2020 and managed
the Essex Private Equity platform from 2009 to 2015.
Prior to joining Essex, Ms.
Kleiman held roles in institutional investment management and
investment banking including Senior Equity Analyst and Vice
President of Investor Relations at Security Capital and
Vice President within J.P. Morgan's Real Estate
& Lodging Investment Banking Group. Ms. Kleiman began her
career in real estate development management in 1991. She holds a
Bachelor of Science from Northwestern
University and a Master of Business Administration from
Northwestern's Kellogg School of
Management. She is a member of NAREIT and the National Multifamily
Housing Council.
"We are excited to add Angela to Rexford Industrial's
Board of Directors," stated Diana
Ingram, Director and Chairperson of the Company's Nominating
and Corporate Governance Committee. "Angela brings a wide
breadth of real estate industry knowledge and valuable
experience in the areas of operations, finance and
real estate investments. We look forward to benefiting from
her engagement and guidance as we continue to grow our
platform and create value for our shareholders by
investing in the infill Southern
California industrial market."
In connection with Rexford Industrial's ongoing pursuit of
enhanced board diversity and refreshment, Peter Schwab will be retiring from the
Board at the end of his current term and will not stand for
re-election. Mr. Schwab's decision was not due to any
disagreement with the Company on any matter relating to its
operations, policies or practices.
"We are thankful for Peter's many years of service to the
Company, having served on the board since 2014. At the same time,
we look forward to Angela joining the Board as we continue to
add new perspectives and expertise," said Richard S. Ziman, Chairman of Rexford
Industrial. Rexford Industrial's Co-CEOs, Michael Frankel and Howard Schwimmer, added "We thank Peter for his
contributions and on-going support of the
Company. We welcome Angela to the Board and look forward
to benefiting from her extensive experience as
we capitalize upon significant growth opportunities
ahead."
Ms. Kleiman will serve on the Company's Audit
Committee.
About Rexford Industrial
Rexford Industrial, a real estate investment trust focused on
creating value by investing in and operating industrial properties
throughout Southern California
infill markets, owns 288 properties with approximately
36.1 million rentable square feet and manages an additional 20
properties with approximately 1.0 million rentable square feet.
For additional information, visit www.rexfordindustrial.com.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws, which are based on
current expectations, forecasts and assumptions that involve risks
and uncertainties that could cause actual outcomes and results to
differ materially. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, 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 predictions of or indicate future events
or trends and which do not relate solely to historical matters.
While forward-looking statements reflect the Company's good faith
beliefs, assumptions and expectations, they are not guarantees of
future performance. For a further discussion of these and other
factors that could cause the Company's future results to differ
materially from any forward-looking statements, see the reports and
other filings by the Company with the U.S. Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended December 31,
2020, and the Current Report on Form 8-K filed with the SEC on
or about the date of this press release. The Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
of new information, data or methods, future events or other
changes.
Contact:
Investor Relations:
Stephen Swett
424 256 2153 ext. 401
investorrelations@rexfordindustrial.com
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SOURCE Rexford Industrial Realty, Inc.