Rexford Industrial Announces Promotion of John Nahas to Chief Operating Officer
MWN-AI** Summary
Rexford Industrial Realty, Inc. (NYSE: REXR) recently announced the promotion of John Nahas to Chief Operating Officer (COO) effective April 1, 2026. Nahas, who has been serving as the Managing Director of Operations since joining the company in January 2023, will take over the operational and investments functions of the company, including asset management, development, construction, leasing, and property management. This promotion comes in conjunction with Laura Clark’s transition to Chief Executive Officer.
Laura Clark praised Nahas’ extensive leadership and operational experience, highlighting his instrumental role in strengthening Rexford's operational execution and efficiency. The company also reaffirmed its 2026 guidance for general and administrative expenses, projected at around $60 million, while reducing total executive compensation by approximately 50% compared to previous figures.
Nahas brings over 22 years of experience in real estate operations and investments and previously held the position of President at CenterCal Properties. He also served as Vice President of Investments at Regency Centers, managing regional investments across Southern California. He holds a Master’s degree in Real Estate Development from the University of Southern California and a Bachelor’s degree from the University of Texas at Austin. Additionally, he is a licensed commercial broker and an active member of NAIOP and IAMC.
Rexford Industrial focuses on investing, operating, and repositioning industrial properties in infill Southern California, a highly competitive market known for its high demand and low supply. As of December 31, 2025, the company managed a portfolio of 419 properties, totaling approximately 51.2 million rentable square feet, catering to a diverse tenant base.
MWN-AI** Analysis
Rexford Industrial Realty's recent promotion of John Nahas to Chief Operating Officer (COO) marks a strategic shift that investors should monitor closely. With Nahas's extensive real estate background and proven operational leadership, this transition reflects the company’s commitment to driving operational excellence and long-term shareholder value.
Nahas, who has already demonstrated his capability as Managing Director of Operations, will focus on enhancing operational efficiency and capital allocation within a competitive market, particularly in Southern California—a region known for its high demand and limited supply of industrial properties. His history with other prominent real estate firms suggests that he possesses the industry acumen necessary to navigate challenges while capitalizing on growth prospects.
Additionally, Rexford’s reaffirmation of its 2026 general and administrative expense guidance of approximately $60 million, coupled with a significant reduction of executive compensation by 50%, indicates a disciplined approach to cost management. This could enhance profitability and shareholder returns going forward. Investors should pay attention to how Rexford continues to execute on its strategic initiatives under Nahas’s leadership, especially as macroeconomic challenges may arise.
In light of these developments, it could be prudent for investors to maintain or build positions in Rexford Industrial (NYSE: REXR). The emphasis on operational rigor, as expressed by both Nahas and Laura Clark, the incoming CEO, points to a robust plan to maximize the company’s asset management capabilities amidst a dynamic market environment.
However, potential investors should remain cautious, as real estate markets are often subject to fluctuations. Close monitoring of Rexford’s quarterly performance metrics and operational updates will be essential for evaluating the effectiveness of Nahas’s strategy and the company’s overall financial health.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
LOS ANGELES, Feb. 26, 2026 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced the promotion of John Nahas, the Company's current Managing Director of Operations, to Chief Operating Officer (COO), effective April 1, 2026, in conjunction with Laura Clark's previously announced appointment to Chief Executive Officer. As COO, Nahas will continue to oversee the Company's operations and investments functions including asset management, development and construction, leasing and property management.
The Company is reaffirming its previously disclosed 2026 general and administrative expense guidance of approximately $60 million. Further, the Company significantly reduced total aggregate executive compensation by approximately 50% compared to prior levels.
"John's promotion to COO acknowledges his exceptional leadership across Rexford's operations and investments and completes the strategic realignment of our executive team," said Laura Clark, current COO and incoming Chief Executive Officer. "John is a proven operator with deep market expertise, and since joining Rexford, he has been instrumental in strengthening our operational execution and efficiency. His promotion to COO underscores our commitment to operational rigor, disciplined capital allocation and driving long?term shareholder value."
"I'm honored to step into the role of COO to advance our strategic goals in collaboration with our outstanding Rexford team," said John Nahas. "Rexford has built a highly differentiated platform, and I am excited about the opportunities ahead as we continue driving operational excellence, executing with discipline and supporting the Company's reformed capital allocation framework."
About John Nahas
Nahas brings more than 22 years of real estate operations and investments experience across various product types. He joined Rexford Industrial in January 2023 and has served as Managing Director of Operations and Asset Management since July 2023. Prior to joining Rexford Industrial, Nahas served as President of CenterCal Properties, where he led business operations across one of the company's core regions. Previously, he served as Vice President of Investments where he directed regional investments across Southern California at Regency Centers, a publicly traded retail REIT and S&P 500 Index member. Earlier in his tenure at Regency Centers, Nahas held roles of increasing responsibility across transactions, asset management and development. Nahas earned a Master of Real Estate Development degree from the University of Southern California and a Bachelor of Arts from the University of Texas at Austin. He is a licensed commercial broker and an active member of NAIOP and IAMC.
About Rexford Industrial
Rexford Industrial creates value by investing in, operating and repositioning 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 over the long term. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of December 31, 2025, Rexford Industrial's high-quality, irreplaceable portfolio comprised 419 properties with approximately 51.2 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 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. In addition, projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. 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, 2025, and other filings with the Securities and Exchange Commission. 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.
Contacts
Mikayla Lynch
Director, Investor Relations and Capital Markets
(424) 276-3454
mlynch@rexfordindustrial.com
SOURCE Rexford Industrial Realty, Inc.
FAQ**
How do Rexford Industrial Realty Inc. REXR's operational strategies under John Nahas's leadership as COO differ from previous approaches, and what specific goals will he prioritize to enhance operational execution?
Given the recent executive compensation reductions at Rexford Industrial Realty Inc. REXR, how might this impact employee morale and retention, particularly in the context of Nahas's promotion to COO?
What strategic initiatives does John Nahas plan to implement at Rexford Industrial Realty Inc. REXR to further enhance the company’s competitive edge in the Southern California industrial market?
How does the promotion of John Nahas to COO fit into the broader strategic direction of Rexford Industrial Realty Inc. REXR, especially following Laura Clark's transition to CEO?
**MWN-AI FAQ is based on asking OpenAI questions about Rexford Industrial Realty Inc. (NYSE: REXR).
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