ITEM 8.01 OTHER EVENTS

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 acquisition agreement (the "Agreement") with an unaffiliated third-party seller (the "Seller") to acquire an industrial property comprising approximately 83 acres located within Los Angeles County (the "Industrial Project"). Upon closing, the Seller of the Industrial Project will leaseback substantially all of the Industrial Project from a subsidiary of the Company under a 20-year lease. The purchase price of the Industrial Project is approximately $217.1 million, exclusive of closing costs. The Company made a deposit of $7.5 million upon entering into the Agreement. The acquisition is scheduled to close in 2021, subject to the satisfaction of customary closing requirements and conditions. However, there can be no assurance that the acquisition will close within this time frame or at all.

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