LOS
ANGELES, Oct. 21, 2024 /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, today announced the appointment of Michael Fitzmaurice as Chief Financial Officer
(CFO) and the promotion of Laura
Clark, the Company's current CFO, to the role of Chief
Operating Officer (COO), effective November
18, 2024.
"We are very pleased to welcome Michael
Fitzmaurice to the Rexford Industrial team. Michael is a
strategic, results-driven and team-focused leader who we are
excited to partner with as we capitalize upon Rexford's significant
forward growth opportunity," stated Michael
Frankel and Howard Schwimmer,
Co-Chief Executive Officers of the Company. "We are also pleased to
elevate Laura Clark to COO and are
grateful for Laura's substantial contributions as CFO over the last
four years. Laura's promotion to COO will enable her to drive
substantial value creation through the operational and growth
segments of our business."
Mr. Fitzmaurice brings 25 years of experience in the public
REIT sector to Rexford Industrial. He most recently served as
Executive Vice President, CFO of RPT Realty, where he joined in
2018, and was instrumental in the successful merger with Kimco
Realty in January 2024. Prior to
joining RPT, Mr. Fitzmaurice served as Vice President and then
Senior Vice President of Finance for Retail Properties of America,
Inc. from 2012 to 2018. Earlier in his career, Mr. Fitzmaurice held
positions of growing responsibility at General Growth Properties
and Equity Office Properties. Mr. Fitzmaurice received his B.S. in
finance from the University of Illinois at
Chicago.
Russell Reynolds Associates (RRA), a leading executive search
and leadership advisory firm, partnered with Rexford Industrial on
this important mandate. Deb Barbanel
and Nick Roberts led the effort on
behalf of RRA.
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 with
lowest-supply major 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 424 properties with approximately
50.3 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.
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,
2023. 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:
Investorrelations@rexfordindustrial.com
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SOURCE Rexford Industrial Realty, Inc.
