A New York-based activist investor and hedge fund operator is making a major play for Los Angeles-based real estate investment trust Rexford Industrial Realty. Elliott Investment Management has built an active stake in Rexford Industrial Realty, Bloomberg reported, citing sources close to the matter. In doing so, the hedge fund becomes one of the top five investors in the REIT. Representatives for Rexford and Elliott haven’t commented on the deal. Elliott’s move is not a surprise to some analysts. In January, Deutsche Bank predicted a company might make a bid for Rexford’s portfolio, noting that the Southern California market could […]
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