The exchangeable notes are due 2027 and 2029

Davis Polk acted as special product counsel to the initial purchasers in connection with a Rule 144A offering by Rexford Industrial Realty, L.P., a subsidiary of Rexford Industrial Realty, Inc., of (i) $575 million aggregate principal amount of its 4.375% exchangeable senior notes due 2027, which included $75 million aggregate principal amount of 2027 notes issued pursuant to the exercise in full of the initial purchasers’ overallotment option, and (ii) $575 million aggregate principal amount of its 4.125% exchangeable senior notes due 2029, which included $75 million aggregate principal amount of 2029 notes issued pursuant to the exercise in full of the initial purchasers’ overallotment option. The notes are fully and unconditionally guaranteed by Rexford Industrial Realty, Inc.

Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service REIT focused on owning, operating and acquiring industrial properties in Southern California infill markets. Its goal is to generate attractive risk-adjusted returns for its stockholders by providing superior access to industrial property investments in Southern California infill markets.

The Davis Polk equity derivatives team included partner Caitlin L. Wood and associates Stockton Bullitt and Melissa X. Estrada. The tax team included partner Corey M. Goodman and associate Yueyu Yang. All members of the Davis Polk team are based in the New York office.

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