"Laura Clark took the corner office on April 1, marking the end of co-CEOs Michael Frankel and Howard Schwimmer's reign. Frankel sold over 23,000 shares for more than $800,000 before his departure."
"Rexford has assured shareholders of its commitment to sell assets and repurchase shares, having disposed of five properties for an aggregate sales price of $127 million."
"The company aims to dispose of $400 million to $500 million worth of real estate this year, with another $170 million in dispositions currently in talks."
Laura Clark became the CEO of Rexford on April 1, succeeding co-CEOs Michael Frankel and Howard Schwimmer. Frankel sold over 23,000 shares for more than $800,000 before stepping down. Rexford has committed to selling assets and repurchasing shares, having sold five properties for $127 million and repurchased $200 million in stock. The company aims to dispose of $400 million to $500 million in real estate this year. Additionally, there are ongoing discussions for another $170 million in property sales.
Read at therealdeal.com
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