SCHEDULE 13G/A: Tishman Capital Partners and NexWave Capital Partners Divest Entire Stake in Rexford Industrial Realty Preferred Stock

Tishman Capital Partners Managed Income Fund LLC and NexWave Capital Partners LLC have filed an amended Schedule 13G, reporting that they no longer beneficially own any 5.625% Series C Cumulative Redeemable Preferred Stock of Rexford Industrial Realty, Inc. as of December 31, 2024.

Summary

• Tishman Capital Partners Managed Income Fund LLC and NexWave Capital Partners LLC, referred to as 'Filers,' have submitted an Amendment No. 8 to their Schedule 13G filing.
• The filing indicates that as of December 31, 2024, both Filers report 0.00% aggregate beneficial ownership of Rexford Industrial Realty, Inc.'s 5.625% Series C Cumulative Redeemable Preferred Stock.
• This update signifies a complete divestment or a reduction in holdings below the reporting threshold for these specific preferred shares.
• The Filers are identified as Delaware Limited Liability Companies, with their principal business office located at 100 Park Avenue, 18th Floor, New York, NY 10017.

Sentiment

Score: 5

Explanation: Neutral. This filing is a routine regulatory update reporting a change in beneficial ownership to zero, which does not inherently convey positive or negative sentiment about the issuer's performance or future prospects.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: Indicates that a specific institutional investor has fully divested their holdings of the preferred stock, which may be noted by other investors but does not directly impact the company's operational or financial health.

Key Dates

Keywords

Rexford Industrial Realty, Preferred Stock, Schedule 13G, Beneficial Ownership, Tishman Capital Partners, NexWave Capital Partners, SEC Filing, Investment Management, Real Estate Investment Trust, REIT