Rexford Industrial announced that John Nahas, its Managing Director of Operations, will become Chief Operating Officer effective April 1, 2026, following the appointment of Laura Clark as Chief Executive Officer. The promotion is part of a broader strategic realignment of the company’s executive team.
Nahas joined Rexford in January 2023 and brings more than two decades of real‑estate operations and investment experience. In his new role he will continue to oversee operations and investments—including asset management, development, leasing and property management—while reporting directly to CEO Clark.
The company disclosed that total aggregate executive compensation has fallen by roughly 50% compared with prior levels, and it reaffirmed its 2026 general and administrative expense guidance at approximately $60 million. These moves underscore a disciplined cost‑control agenda.
Rexford is also shifting its capital allocation strategy, reducing exposure to ground‑up development, launching a programmatic disposition program, and benchmarking new investment opportunities against share repurchases. The pivot reflects a response to slowing industrial demand in the Los Angeles market and a focus on higher‑margin, lower‑risk assets.
Elliott Investment Management, which has built an active stake in the company, praised the leadership changes as decisive steps to improve operational efficiency, refocus capital allocation, and enhance governance and oversight.
Laura Clark said, "John’s promotion to COO acknowledges his exceptional leadership across Rexford’s operations and investments and completes the strategic realignment of our executive team." She added that the move underscores the company’s commitment to operational rigor, disciplined capital allocation and long‑term shareholder value. John Nahas remarked, "I’m honored to step into the role of COO to advance our strategic goals in collaboration with our outstanding Rexford team. 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."
The promotion, coupled with the CEO transition, signals a unified leadership structure that is expected to streamline decision‑making and accelerate execution of the company’s strategic priorities. The emphasis on cost discipline, reduced executive pay, and a tighter capital allocation framework is intended to enhance shareholder value and position Rexford for sustainable growth in a challenging industrial real‑estate environment.
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