Rexford Industrial Realty soars on report activist Elliott has stake

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Concept image of Business Acronym REIT as Real Estate Investment Trust. 3d rendering

Rexford Industrial Realty Inc. (NYSE:REXR) jumped 5.5% in trading on a report that prominent activist Elliott Investment Management has taken a stake in the REIT.

The stake makes Elliott one of the company's top five investors, according to a Bloomberg

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