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REXFORD INDUSTRIAL REALTY, INC. FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

August 12, 2014

ITEM 8.01 OTHER EVENTS

Modification of Term Loan Agreement

On January 24, 2014, certain subsidiaries of Rexford Industrial Realty, Inc. (the "Company") and Bank of America, N.A. entered into a Modification and Loan Assumption Agreement (the "Modification Agreement"), which provides for certain immaterial amendments to the existing Term Loan Agreement dated as of July 24, 2013 between such subsidiaries and Bank of America, N.A. In connection with the entry into the Modification Agreement, the Company executed a Reaffirmation of Guaranty (the "Reaffirmation") dated January 24, 2014, which reaffirmed the Company's obligations under the existing Guaranty Agreement dated as of July 24, 2013, in favor of Bank of America, N.A. The Company inadvertently omitted to file the Modification Agreement and Reaffirmation with its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, and is filing such agreements as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K.



Recent Developments

The following discussion provides information with respect to certain recent developments of the Company. Unless otherwise expressly stated or the context otherwise requires, "we," "us" and "our" refer collectively to the Company, Rexford Industrial Realty, L.P. and the Company's other subsidiaries. Acquisitions and Acquisition Pipeline. Since completing our IPO, we have acquired 31 properties totaling 3.1 million rentable square feet for an aggregate purchase price of approximately $309 million, which has expanded the total rentable square footage of our portfolio by approximately 50%, including 2.2 million square feet acquired in 2014. We believe that we enjoy superior access to off-market and lightly marketed acquisition opportunities, many of which may be difficult for competing investors to access. Off-market and lightly marketed transactions are characterized by a lack of a formal marketing process and a lack of widely disseminated marketing materials. Approximately 62% of our acquisitions since our IPO and approximately 58% of our acquisitions pre-IPO have been what we consider to be "off-market" or "lightly marketed." As we are principally focused on the Southern California infill markets, our executive management and acquisition teams have developed and maintain a deep, broad network of relationships among key market participants, including property brokers, lenders, owners and tenants. We employ an extensive broker marketing, incentives and loyalty program. We also utilize data-driven and event-driven analytics and primary research to identify and pursue events and circumstances, including financial distress, related to owners, lenders, and tenants that we believe tend to generate early access to emerging investment opportunities. We believe that our relationship network, creative sourcing approach and research-driven originations methods contribute to a superior level of attractive investment opportunities. We believe that the combination of our proprietary origination methods and the experience and relationships of our management team provide us access to and allow us to capitalize on attractive transaction opportunities. 2



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The following table provides a summary of our acquisition activity since our IPO:

Acquisitions (unaudited results, data presented on a wholly-owned basis)

Total Annualized Base Rent Purchase Occupancy Annualized per Square Single Rentable Price Occupancy % at Base Rent Foot at or Acquisition Square ($ in % at June 30, at June 30, June 30, Multi- Date Property Address Submarket Feet millions) Acquisition 2014 2014(1) 2014 Tenant July 2013 Orion 8101-8117 LA - San 48,394 $ 5.6 90 % 100 % $ 593,188$ 12.26 Multi Orion Ave. Fern. Valley August 2013 Tarzana 18310-18330 LA - San 75,288 $ 8.4 81 % 96 % $ 782,502$ 10.78 Multi Oxnard St. Fern. Valley November 2013Yorba Linda 22343-22349 OC - North 115,760 $ 12.7 79 % 77 % $ 1,036,373$ 11.60 Multi Business La Palma Park Ave. November 2013 The Park 1100-1170 OC - North 120,313 $ 10.6 85 % 98 % $ 1,158,344$ 9.79 Multi Gilbert St., 2353-2373 La Palma Ave. December 2013 Bonita 280 Bonita LA - San 365,859 $ 27.2 100 % 100 % $ 1,580,511$ 4.32 Single Thompson Ave., 2743 Gabriel Thompson Creek Rd. December 2013 Madera (2) 2900-2950 LA - San 199,370 $ 15.8 68 % 100 % $ 800,062$ 5.88 Single N. Madera Fern. Valley Road December 2013 Vanowen 10635 W. LA - San 31,037 $ 3.4 100 % 100 % $ 254,621$ 8.20 Multi Vanowen St. Fern. Valley January 2014 Rosecrans 7110 LA - South 72,000 $ 5.0 50 % 50 % $ 254,880$ 7.08 Multi Rosecrans Bay Avenue January 2014 14723-14825 14723-14825 LA - San 78,000 $ 8.9 98 % 98 % $ 887,352$ 11.58 Multi Oxnard Oxnard Fern. Valley Street February 2014 Ontario Ana Street Inland 113,612 $ 8.6 95 % 92 % $ 594,876$ 5.66 Multi Airport Empire West February 2014228th Street 1500-1510 LA - South 88,330 $ 6.6 100 % 95 % $ 423,120$ 5.02 Multi West 228th Bay Street March 2014 24105 24105 & LA - South 47,903 $ 3.9 100 % 100 % $ 278,964$ 5.82 Single Frampton 24201 Bay Frampton Avenue April 2014Saturn Way 1700 Saturn OC-West 170,865 $ 21.1 100 % 100 % $ 1,307,682$ 7.65 Single Way May 2014San Fernando 2980 & 2990 OC-South 130,800 $ 15.4 100 % 100 % $ 1,325,664$ 10.14 Multi N. San Fernando Blvd. May 2014Crescent Bay 20531 LA- San 46,178 $ 6.5 100 % 100 % $ 371,271$ 8.04 Single Crescent Fern. Valley Bay Drive June 2014 Birch 2610 & 2701 OC- Airport 98,105 $ 11.0 100 % 100 % $ 0 (3) $ 0.00 (3) Single S. Birch Street June 2014 Dupont 4051 Santa Inland 111,890 $ 10.2 100 % 100 % $ 638,255$ 5.70 Multi Ana St. & Empire 701 Dupont West Ave. S-3

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Total Annualized Base Rent Purchase Occupancy Annualized per Square Single Rentable Price Occupancy % at Base Rent Foot at or Acquisition Square ($ in % at June 30, at June 30, June 30, Multi- Date Property Address Submarket Feet millions) Acquisition 2014 2014(1) 2014 Tenant June 2014 9755 9755 San Diego- 47,666 $ 5.4 100 % 100 % $ 341,100$ 7.16 Multi Distribution Distribution Central Ave Ave June 2014 9855 9855 San Diego- 60,819 $ 8.5 100 % 100 % $ 537,756$ 8.84 Multi Distribution Distribution Central Ave Ave June 2014 9340 Cabot 9340 Cabot San Diego- 86,564 $ 11.0 84 % 84 % $ 576,897$ 7.95 Multi Drive Drive Central June 2014 9404 Cabot 9404 Cabot San Diego- 46,846 $ 6.4 100 % 100 % $ 478,296$ 10.21 Single Drive Drive Central June 2014 9455 Cabot 9455 Cabot San Diego- 96,840 $ 12.1 84 % 84 % $ 651,240$ 8.04 Multi Drive Drive Central June 2014 14955- 14955-14971 LA- San 126,036 $ 10.9 100 % 100 % $ 853,647$ 6.77 Multi 14971 E Salt E Salt Lake Gabriel Lake Ave Ave Valley June 2014 5235 Hunter 5235 Hunter OC- North 119,692 $ 11.3 100 % 100 % $ 842,439$ 7.04 Single Ave Ave June 2014 3880 W 3880 W LA- San 108,703 $ 9.6 100 % 100 % $ 705,888$ 6.49 Single . . .



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.



10.1 Modification and Loan Assumption Agreement, dated January 24, 2014, by

and among RIF I-Don Julian, LLC, RIF I-Lewis Road, LLC, RIF I-Oxnard,

LLC, RIF I-Walnut, LLC, REXFORD BUSINESS CENTER-FULLERTON, LLC, RIF

II-Kaiser, LLC, RIF III-Irwindale, LLC and REXFORD INDUSTRIAL-MADERA

INDUSTRIAL, LLC collectively as Borrower, and Bank of America, N.A., as Lender



10.2 Reaffirmation of Guaranty, dated January 24, 2014 by Rexford Industrial

Realty, Inc. 23.1 Consent of DAUM Commercial Real Estate Services 19



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