Rexford Industrial Realty (REXR) 10-Q 13 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 12, 2013
Document Document And Entity Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'REXR	'
Entity Registrant Name	'Rexford Industrial Realty, Inc.	'
Entity Central Index Key	'0001571283	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	25,626,596

CONSOLIDATED_AND_COMBINED_BALA

CONSOLIDATED AND COMBINED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
		Rexford Industrial Realty, Inc. Predecessor
ASSETS	'	'
Land	$216,519,000	$154,413,000
Buildings and improvements	268,240,000	210,657,000
Tenant improvements	11,726,000	12,330,000
Furniture, fixtures, and equipment	188,000	188,000
Total real estate held for investment	496,673,000	377,588,000
Accumulated depreciation	-57,912,000	-56,626,000
Investments in real estate, net	438,761,000	320,962,000
Cash and cash equivalents	4,399,000	43,499,000
Restricted cash	298,000	1,882,000
Notes receivable	13,153,000	11,911,000
Rents and other receivables, net	869,000	560,000
Deferred rent receivable	3,746,000	3,768,000
Deferred leasing costs and in-place lease intangibles, net	11,601,000	5,012,000
Deferred loan costs, net	1,609,000	1,396,000
Acquired above-market leases, net	1,888,000	179,000
Other assets	2,321,000	1,870,000
Acquisition related deposits	1,435,000	260,000
Investment in unconsolidated real estate entities	8,982,000	12,697,000
Assets associated with real estate held for sale	'	16,500,000
Total Assets	489,062,000	420,496,000
Liabilities	'	'
Notes payable	122,857,000	302,830,000
Accounts payable, accrued expenses and other liabilities	4,602,000	2,589,000
Due to members	'	1,221,000
Interest rate contracts	'	49,000
Acquired below-market leases, net	535,000	39,000
Tenant security deposits	4,942,000	3,753,000
Prepaid rents	524,000	334,000
Liabilities associated with real estate held for sale	'	13,433,000
Total Liabilities	133,460,000	324,248,000
Equity	'	'
Rexford Industrial Realty, Inc. stockholders' equity and Predecessor equity Common Stock, $0.01 par value 490,000,000 authorized and 25,678,575 outstanding	257,000	'
Additional paid in capital	308,937,000	'
Retained earnings	256,000	'
Total stockholders' equity	309,450,000	'
Predecessor equity	'	-12,691,000
Noncontrolling interests	46,152,000	108,939,000
Total Equity	355,602,000	96,248,000
Total Liabilities and Equity	$489,062,000	$420,496,000

CONSOLIDATED_AND_COMBINED_BALA1

CONSOLIDATED AND COMBINED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	490,000,000	490,000,000
Common stock, shares outstanding	25,678,575	25,678,575

CONSOLIDATED_AND_COMBINED_STAT

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (USD $)	2 Months Ended	1 Months Ended	3 Months Ended	7 Months Ended	9 Months Ended
	Sep. 30, 2013	Jul. 23, 2013	Sep. 30, 2012	Jul. 23, 2013	Sep. 30, 2012
		Rexford Industrial Realty, Inc. Predecessor	Rexford Industrial Realty, Inc. Predecessor	Rexford Industrial Realty, Inc. Predecessor	Rexford Industrial Realty, Inc. Predecessor
RENTAL REVENUES	'	'	'	'	'
Rental revenues	$7,798,000	$2,460,000	$6,875,000	$19,392,000	$20,658,000
Tenant reimbursements	863,000	265,000	770,000	2,239,000	2,184,000
Management, leasing and development services	281,000	13,000	174,000	444,000	344,000
Other income	40,000	20,000	28,000	187,000	78,000
TOTAL RENTAL REVENUES	8,982,000	2,758,000	7,847,000	22,262,000	23,264,000
Interest income	191,000	63,000	397,000	698,000	1,182,000
TOTAL REVENUES	9,173,000	2,821,000	8,244,000	22,960,000	24,446,000
OPERATING EXPENSES	'	'	'	'	'
Property expenses	2,060,000	576,000	2,073,000	5,139,000	6,241,000
General and administrative	2,500,000	1,885,000	1,727,000	4,420,000	3,884,000
Depreciation and amortization	3,062,000	901,000	3,037,000	7,641,000	9,240,000
Other property expenses	503,000	124,000	316,000	904,000	945,000
TOTAL OPERATING EXPENSES	8,125,000	3,486,000	7,153,000	18,104,000	20,310,000
OTHER EXPENSE (INCOME)	'	'	'	'	'
Acquisition expenses	119,000	7,000	11,000	724,000	245,000
Interest expense	717,000	1,270,000	4,426,000	9,593,000	12,931,000
Gain on mark-to-market of interest rate swaps	'	'	-611,000	-49,000	-1,835,000
TOTAL OTHER EXPENSE	836,000	1,277,000	3,826,000	10,268,000	11,341,000
TOTAL EXPENSES	8,961,000	4,763,000	10,979,000	28,372,000	31,651,000
Equity in (loss) income from unconsolidated real estate entities	83,000	9,000	99,000	-915,000	66,000
Gain from early repayment of note receivable	'	'	'	1,365,000	'
Loss on extinguishment of debt	'	-3,935,000	'	-3,972,000	'
NET LOSS FROM CONTINUING OPERATIONS	295,000	-5,868,000	-2,636,000	-8,934,000	-7,139,000
DISCONTINUED OPERATIONS	'	'	'	'	'
Loss from discontinued operations before gains on sale of real estate	'	'	-68,000	-86,000	-136,000
Loss on extinguishment of debt	'	'	'	-250,000	'
Gain on sale of real estate	'	'	'	4,989,000	'
(LOSS) INCOME FROM DISCONTINUED OPERATIONS	'	'	-68,000	4,653,000	-136,000
NET INCOME (LOSS)	295,000	-5,868,000	-2,704,000	-4,281,000	-7,275,000
Net (income) loss attributable to noncontrolling interests	-39,000	3,559,000	970,000	15,000	3,912,000
Net income (loss) attributable to common stockholders	$256,000	($2,309,000)	($1,734,000)	($4,266,000)	($3,363,000)
Net income attributable to common stockholders per share - basic	$0.01	'	'	'	'
Net income attributable to common stockholders per share - diluted	$0.01	'	'	'	'

CONSOLIDATED_AND_COMBINED_STAT1

CONSOLIDATED AND COMBINED STATEMENTS OF CHANGES IN EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Total Stockholders' Equity	Noncontrolling Interest	Rexford Industrial Realty, Inc. Predecessor	Rexford Industrial Realty, Inc. Predecessor	Rexford Industrial Realty, Inc. Predecessor
								Total Stockholders' Equity	Noncontrolling Interest
Beginning Balance at Dec. 31, 2012	$96,248,000	'	'	'	'	'	$96,248,000	($12,691,000)	$108,939,000
Beginning Balance, shares at Dec. 31, 2012	25,678,575	'	'	'	'	'	'	'	'
Capital contributions	1,156,000	'	'	'	'	'	1,156,000	6,000	1,150,000
Equity based compensation expense	1,000,000	'	'	'	'	'	'	'	1,000,000
Net loss	-4,281,000	'	'	'	'	'	-4,281,000	-4,266,000	-15,000
Distributions	-6,825,000	'	'	'	'	'	'	-2,096,000	-4,729,000
Contribution of Rexford Sponsor V LLC and Rexford Industrial Fund V REIT, LLC	47,016,000	'	'	'	'	'	'	1,160,000	45,856,000
Distributions	-31,728,000	'	'	'	'	'	'	-708,000	-31,020,000
Repurchase of interests from unaccredited investors	-1,040,000	'	'	'	'	'	'	-96,000	-944,000
Exchange of common units to acquire tenant-in-common	40,000	'	'	'	'	40,000	'	'	'
Exchange of Predecessor's equity for common stock and units	'	49,000	55,424,000	'	55,473,000	46,073,000	'	18,691,000	-120,237,000
Exchange of Predecessor's equity for common stock, shares	4,947,558	4,947,558	'	'	'	'	'	'	'
Ending Balance at Jul. 23, 2013	101,586,000	49,000	55,424,000	'	55,473,000	46,113,000	'	'	'
Ending Balance, shares at Jul. 23, 2013	'	4,947,658	'	'	'	'	'	'	'
Net loss	295,000	'	'	256,000	256,000	39,000	'	'	'
Issuance of common stock, shares	'	16,451,972	'	'	'	'	'	'	'
Issuance of common stock, net of offering costs	206,309,000	165,000	206,144,000	'	206,309,000	'	'	'	'
Proceeds from private placement	47,016,000	34,000	46,982,000	'	47,016,000	'	'	'	'
Shares issued in Private Placement	'	3,358,311	'	'	'	'	'	'	'
Repurchase of common stock, shares	'	-100	'	'	'	'	'	'	'
Issuance of restricted stock	'	9,000	-9,000	'	'	'	'	'	'
Issuance of restricted stock, shares	'	920,734	'	'	'	'	'	'	'
Amortization of stock based compensation	396,000	'	396,000	'	396,000	'	'	'	'
Ending Balance at Sep. 30, 2013	$355,602,000	$257,000	$308,937,000	'	$309,450,000	$46,152,000	'	'	'
Ending Balance, shares at Sep. 30, 2013	25,678,575	25,678,575	'	'	'	'	'	'	'

COMBINED_STATEMENTS_OF_CASH_FL

COMBINED STATEMENTS OF CASH FLOWS (USD $)	2 Months Ended	7 Months Ended	9 Months Ended
	Sep. 30, 2013	Jul. 23, 2013	Sep. 30, 2012
		Rexford Industrial Realty, Inc. Predecessor	Rexford Industrial Realty, Inc. Predecessor
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	$295,000	($4,281,000)	($7,275,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	'	'	'
Equity in (earnings) loss of unconsolidated real estate entities	-83,000	915,000	-66,000
Depreciation and amortization	3,062,000	7,641,000	9,240,000
Depreciation and amortization included in discontinued operations	'	157,000	883,000
Amortization of above market lease intangibles	122,000	256,000	133,000
Accretion of discount on notes receivable	-33,000	-94,000	-267,000
Loss on extinguishment of debt	'	4,222,000	'
Gain on sale of real estate	'	-4,989,000	'
Amortization of loan costs	93,000	784,000	604,000
Gain on mark-to-market of interest rate swaps	'	-49,000	-1,835,000
Deferred interest expense	'	573,000	797,000
Equity based compensation expense	382,000	985,000	'
Gain from early repayment of notes receivable	'	-1,365,000	'
Change in working capital components:	'	'	'
Rents and other receivables	-20,000	-161,000	-195,000
Deferred rent receivable	-285,000	-263,000	-222,000
Change in restricted cash	'	1,137,000	-532,000
Leasing commissions	-224,000	-980,000	-883,000
Other assets	-752,000	-1,172,000	-77,000
Accounts payable, accrued expenses and other liabilities	616,000	5,897,000	1,898,000
Tenant security deposits	72,000	507,000	-138,000
Prepaid rent	272,000	-172,000	-265,000
Net cash provided by operating activities	3,517,000	4,593,000	1,800,000
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Acquisition of investment in real estate	-13,924,000	-73,332,000	-5,701,000
Capital expenditures	-617,000	-1,439,000	-4,215,000
Consolidation of La Jolla Sorrento	'	373,000	'
Acquisition related deposits	-1,235,000	50,000	-325,000
Contributions to unconsolidated real estate entities	'	'	-2,814,000
Distributions from unconsolidated real estate entities	'	271,000	309,000
Change in restricted cash	-9,000	408,000	248,000
Principal repayments of notes receivable	39,000	5,516,000	153,000
Disposition of investment in real estate	'	21,537,000	100,000
Net cash used in investing activities	-15,746,000	-46,616,000	-12,245,000
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from issuance of Initial Public Offering	208,280,000	'	'
Proceeds from private placement	47,016,000	'	'
Proceeds from notes payable	80,875,000	55,590,000	8,277,000
Repayment of notes payable	-311,848,000	-21,135,000	-760,000
Deferred loan costs	-1,702,000	-812,000	-496,000
Prepaid offering costs	'	-1,504,000	'
Capital contributions	'	1,156,000	14,923,000
Distributions to Predecessor members	'	-6,825,000	-2,024,000
Reimbursements due to Predecessor members	'	-1,221,000	'
Distributions due to Predecessor members related to formation transactions	-4,953,000	-26,773,000	'
Repurchase of interests from unaccredited investors	-1,040,000	'	'
Change in restricted cash	'	48,000	-70,000
Net cash provided by financing activities	16,628,000	-1,476,000	19,850,000
Net increase (decrease) in cash and cash equivalents	4,399,000	-43,499,000	9,405,000
Cash and cash equivalents, beginning of period	'	43,499,000	20,928,000
Cash and cash equivalents, end of period	4,399,000	'	30,333,000
Contribution of Rexford Sponsor V LLC and Rexford Industrial Fund V, REIT LLC:	'	'	'
Investment in real estate and acquisition related intangibles	'	-35,532,000	'
Investment in unconsolidated real estate entities	'	-6,131,000	'
Notes receivable	'	-5,305,000	'
Predecessor equity and noncontrolling interests	'	46,968,000	'
Acquisition of the 30% tenant-in-common interest and subsequent consolidation of La Jolla Sorrento property:	'	'	'
Investment in real estate and acquisition related intangibles	'	-8,369,000	'
Investment in unconsolidated real estate entities	'	8,654,000	'
Predecessor equity and noncontrolling interests	'	48,000	'
Rexford Industrial Realty, Inc. noncontrolling interests	'	$40,000	'

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Organization and Basis of Presentation	'
	1.              Organization
	Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service real estate investment trust (“REIT”) focused on owning and operating industrial properties in Southern California infill markets. Our goal is to generate attractive risk-adjusted returns for our stockholders by providing superior access to industrial property investments in Southern California infill markets.
	We were formed as a Maryland corporation on January 18, 2013 and Rexford Industrial Realty, L.P. (the “Operating Partnership”), of which we are the sole general partner, was formed as a Maryland limited partnership on January 18, 2013. Through our controlling interest in our Operating Partnership and its subsidiaries, we are focused on owning and operating industrial properties in Southern California infill markets.
	On July 24, 2013 we acquired our Predecessor and certain other entities with the closing of our initial public offering (“IPO”) and completed the following transactions:
	In our IPO we issued a total of 16,000,000 shares of our common stock in exchange for net proceeds of approximately $208.5 million after deducting the underwriters’ discount.
	In our concurrent private placement we issued a total of 3,358,311 shares of our common stock in exchange for gross proceeds of $47.0 million cash.
	In our formation transactions, we acquired certain assets of our Predecessor in exchange for the assumption or discharge of $303.3 million in indebtedness, the payment of $7.2 million in cash, the issuance of 3,697,086 common units of our Operating Partnership and 4,947,558 shares of our common stock.
	We entered into a $60.0 million term loan and a $200.0 million senior unsecured revolving credit facility.
	Additionally, on August 21, 2013, we issued an additional 451,972 shares of our common stock for an additional $5.9 million of net proceeds in connection with the partial exercise of the over-allotment option granted to the underwriters in the IPO.
	Because the transactions referenced above occurred on or after July 24, 2013, the historical financial results in these financial statements for periods prior to July 24, 2013 relate to our accounting predecessor. Our Predecessor is comprised of Rexford Industrial, LLC (“RILLC”), Rexford Sponsor V, LLC (“Sponsor”), Rexford Industrial Fund V REIT, LLC (“RIF V REIT”) and their consolidated subsidiaries, which consist of Rexford Industrial Fund I, LLC (“RIF I”), Rexford Industrial Fund II, LLC (“RIF II”), Rexford Industrial Fund III, LLC (“RIF III”), Rexford Industrial Fund IV, LLC (“RIF IV”), Rexford Industrial Fund V, LP (“RIF V”) and their subsidiaries (collectively the “Predecessor Funds”). The entities comprising Rexford Industrial Realty, Inc. Predecessor are combined on the basis of common management and common ownership.
	We have determined that one of the entities, RILLC, was the acquirer for accounting purposes in our formation transactions. In addition, we have concluded that any interests contributed by the members of the other entities comprising the Predecessor (Sponsor, RIF V REIT and their consolidated subsidiaries), was a business combination since these entities have common management and ownership, but are not under common control with RILLC. RILLC was controlled by one of the principals of Rexford Industrial Realty, Inc. Predecessor, while Sponsor and RIF V REIT were jointly controlled by the principals of Rexford Industrial Realty, Inc. Predecessor. As a result, the contribution of interests in RILLC as the accounting acquirer has been recorded at historical cost, and the contribution or acquisition of interests in entities other than those owned or controlled by RILLC in the formation transactions, including Sponsor, RIF V REIT and their consolidated subsidiaries, has been accounted for as an acquisition under the acquisition method of accounting and recognized at the estimated fair value of acquired assets and assumed liabilities on the date of such contribution or acquisition.  See Note 3.
	The terms “us,” “we,” “our,” and the “Company” as used in these financial statements refer to Rexford Industrial Realty, Inc. and its subsidiaries (including our Operating Partnership) subsequent to our IPO on July 24, 2013 and our predecessor prior to that date (“Predecessor” or “Rexford Industrial Realty, Inc. Predecessor”).
	Basis of Presentation
	As of September 30, 2013 and for the period from July 24, 2013 through September 30, 2013, the financial statements presented are the consolidated financial statements of Rexford Industrial Realty, Inc. and its subsidiaries, including our Operating Partnership. The financial statements presented for periods prior to July 24, 2013 are the combined financial statements of our Predecessor. All of the outside ownership interests in entities that our Predecessor consolidates are included in non-controlling interests. All significant intercompany balances and transactions have been eliminated in the consolidated and combined financial statements.
	The accompanying interim financial statements have been prepared in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) as established by the Financial Accounting Standards Board (“FASB”) in the Accounting Standards Codification (“ASC”) including modifications issued under Accounting Standards Updates (“ASUs”). The accompanying financial statements include, in our opinion, all adjustments, consisting of normal recurring adjustments, necessary to present fairly the financial information set forth therein.
	The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts in the consolidated and combined financial statements and accompanying notes. Actual results could differ from those estimates.
	We consolidate all entities that are wholly owned and those in which we own less than 100% but control, as well as any variable interest entities in which we are the primary beneficiary. We evaluate our ability to control an entity and whether the entity is a variable interest entity and we are the primary beneficiary through consideration of the substantive terms of the arrangement to identify which enterprise has the power to direct the activities of a variable interest entity that most significantly impacts the entity’s economic performance and the obligation to absorb losses of the entity or the right to receive benefits from the entity. Investments in entities in which we do not control but over which we have the ability to exercise significant influence over operating and financial policies are presented under the equity method. Investments in entities that we do not control and over which we do not exercise significant influence are carried at the lower of cost or fair value, as appropriate. Our ability to correctly assess our influence and/or control over an entity affects the presentation of these investments in our combined financial statements.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Summary of Significant Accounting Policies	'
	2.              Summary of Significant Accounting Policies
	Discontinued Operations
	The revenue, expenses, impairment and/or gain on sale of operating properties that meet the applicable criteria are reported as discontinued operations in the consolidated and combined statements of operations for all periods presented. A gain on sale, if any, is recognized in the period during which the property is disposed.
	In determining whether to report the results of operations, impairment and/or gain on sale of operating properties as discontinued operations, we evaluate whether we have any significant continuing involvement in the operations, leasing or management of the property after disposition. If we determine that we have significant continuing involvement after disposition, we report the revenue, expenses, impairment and/or gain on sale as part of continuing operations.
	Held for Sale Assets
	We classify properties as held for sale when certain criteria set forth in the Long-Lived Assets Classified as Held for Sale Subsections of ASC Topic 360: Property, Plant, and Equipment, are met. At that time, the assets and liabilities of the property held for sale are presented separately in the consolidated and combined balance sheets and we cease recording depreciation and amortization expense at the time a property is classified as held for sale. Properties held for sale are reported at the lower of their carrying value or their estimated fair value, less estimated costs to sell.
	Investment in Real Estate
	Acquisitions of properties are accounted for utilizing the purchase accounting method and accordingly, the results of operations of acquired properties are included in our results of operations from the respective dates of acquisition. Transaction costs related to acquisitions are expensed, rather than included with the consideration paid. Estimates of future cash flows and other valuation techniques are used to allocate the purchase price of acquired property between land, buildings and improvements, equipment and identifiable intangible assets and liabilities such as amounts related to in-place at-market leases, and acquired above- and below-market leases. Initial valuations are subject to change until such information is finalized, but no later than 12 months from the acquisition date.
	The fair values of tangible assets are determined on an “as-if-vacant” basis. The “as-if-vacant” fair value is allocated to land, where applicable, buildings, tenant improvements and equipment based on comparable sales and other relevant information obtained in connection with the acquisition of the property.
	The estimated fair value of acquired in-place at-market tenant leases are the costs that would have been incurred to lease the property to the occupancy level of the property at the date of acquisition. Such estimates include the fair value of leasing commissions and legal costs that would be incurred to lease the property to this occupancy level. Additionally, we evaluate the time period over which such occupancy level would be achieved and include an estimate of the net operating costs (primarily real estate taxes, insurance and utilities) incurred during the lease-up period, which is generally six months.
	Above- and below-market in-place lease intangibles are recorded as an asset or liability based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be received or paid pursuant to the in-place tenant lease, and our estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining noncancelable term of the lease and bargain renewal periods for below market in-place lease intangibles, if applicable.
	We capitalize costs incurred in developing, renovating, rehabilitating, and improving real estate assets as part of the investment basis. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred. During the land development and construction periods, we capitalize interest costs, insurance, real estate taxes and certain general and administrative costs of the personnel performing development, renovations, and rehabilitation if such costs are incremental and identifiable to a specific activity to get the asset ready for its intended use. Capitalized costs are included in the investment basis of real estate assets.
	When assets are sold or retired, their costs and related accumulated depreciation are removed from the accounts with the resulting gains or losses reflected in operations for the period.
	The values allocated to land, buildings, site improvements, in-place leases, tenant improvements and leasing costs are depreciated on a straight-line basis using an estimated remaining life of 10-30 years for buildings, 20 years for site improvements, and the shorter of the estimated useful life or respective lease term for tenant improvements.
	Impairment of Long-Lived Assets
	In accordance with the provisions of the Impairment or Disposal of Long-Lived Assets Subsections of ASC Topic 360: Property, Plant, and Equipment, we assess the carrying values of our respective long-lived assets, including goodwill, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable.
	Recoverability of real estate assets is measured by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. In order to review real estate assets for recoverability, we consider current market conditions, as well as our intent with respect to holding or disposing of the asset. The intent with regard to the underlying assets might change as market conditions change, as well as other factors, especially in the current global economic environment. Fair value is determined through various valuation techniques; including discounted cash flow models, applying a capitalization rate to estimated net operating income of a property, quoted market values and third party appraisals, where considered necessary. The use of projected future cash flows is based on assumptions that are consistent with estimates of future expectations and the strategic plan used to manage our underlying business. If our analysis indicates that the carrying value of the real estate asset is not recoverable on an undiscounted cash flow basis, we will recognize an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property.
	Assumptions and estimates used in the recoverability analyses for future cash flows, discount rates and capitalization rates are complex and subjective. Changes in economic and operating conditions or our intent with regard to our investment that occur subsequent to our impairment analyses could impact these assumptions and result in future impairment of our real estate properties.
	At December 31, 2012, our investment in real estate has been recorded net of a cumulative impairment of $19.6 million.
	Income Taxes
	We will elect to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) commencing with our initial taxable year ending December 31, 2013. To qualify as a REIT, we are required (among other things) to distribute at least 90% of our REIT taxable income to our stockholders and meet the various other requirements imposed by the Code relating to matters such as operating results, asset holdings, distribution levels and diversity of stock ownership. Provided we qualify for taxation as a REIT, we are generally not subject to corporate-level income tax on the earnings distributed currently to our stockholders that we derive from our REIT qualifying activities. If we fail to qualify as a REIT in any taxable year, and were unable to avail ourselves of certain savings provisions set forth in the Code, all of our taxable income would be subject to federal income tax at regular corporate rates, including any applicable alternative minimum tax.
	In addition, we are subject to taxation by various state and local jurisdictions, including those in which we transact business or reside. Our non-taxable REIT subsidiaries, including our Operating Partnership, are either partnerships or disregarded entities for federal income tax purposes. Under applicable federal and state income tax rules, the allocated share of net income or loss from disregarded entities (including limited partnerships and S-Corporations) is reportable in the income tax returns of the respective partners and stockholders. Accordingly, no income tax provision is included in the accompanying consolidated financial statements for the period from July 24, 2013 to September 30, 2013.
	Each of RIF I, RIF II, RIF III and RIF IV are limited liability companies but have elected to be taxed as a partnership for tax purposes. As such, the allocated share of net income or loss from the limited liability companies is reportable in the income tax returns of the respective partners and investors. Accordingly, no income tax provision is included in the accompanying combined financial statements.
	RIF V REIT has elected to be taxed as a REIT under the Code, commencing with its tax period ended December 31, 2010. We believe that RIF V REIT has met all of the REIT distribution and technical requirements for the period from January 1, 2013 to July 23, 2013 and the nine months ended September 30, 2012. Accordingly, we have not recognized any provision for income taxes.
	We periodically evaluate our tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. As of September 30, 2013 and December 31, 2012, we have not established a liability for uncertain tax positions.
	Revenue Recognition
	We recognize revenue from rent, tenant reimbursements and other revenue sources once all of the following criteria are met: persuasive evidence of an arrangement exists, the delivery has occurred or services rendered, the fee is fixed and determinable and collectability is reasonably assured. Minimum annual rental revenues are recognized in rental revenues on a straight-line basis over the term of the related lease. Rental revenue recognition commences when the tenant takes possession or controls the physical use of the leased space.
	Estimated reimbursements from tenants for real estate taxes, common area maintenance and other recoverable operating expenses are recognized as revenues in the period that the expenses are incurred. Subsequent to year-end, we perform final reconciliations on a lease-by-lease basis and bill or credit each tenant for any cumulative annual adjustments. Lease termination fees, which are included in rental revenues in the accompanying consolidated and combined statements of operations, are recognized when the related lease is canceled and we have no continuing obligation to provide services to such former tenant.
	Revenues from management, leasing and development services are recognized when the related services have been provided and earned.
	The recognition of gains on sales of real estate requires us to measure the timing of a sale against various criteria related to the terms of the transaction, as well as any continuing involvement in the form of management or financial assistance associated with the property. If the sales criteria are not met, we defer gain recognition and account for the continued operations of the property by applying the finance, profit-sharing or leasing method. If the sales criteria have been met, we further analyze whether profit recognition is appropriate using the full accrual method. If the criteria to recognize profit using the full accrual method have not been met, we defer the gain and recognize it when the criteria are met or use the installment or cost recovery method as appropriate under the circumstances. See Note 3 for discussion of dispositions.
	Equity Based Compensation
	We account for equity-based compensation, including shares of restricted stock, in accordance with ASC Topic 718 Compensation – Stock Compensation, which requires us to recognize an expense for the fair value of equity-based compensation awards. The estimated fair value of shares of restricted stock are amortized over their respective vesting periods. See Note 13.
	Earnings Per Share
	Basic earnings per share is calculated by dividing the net income attributable to common stockholders for the period by the weighted average of common shares and participating securities outstanding during the period. Diluted earnings per share is calculated by dividing the net income attributable to common stockholders for the period by the weighted average number of common and dilutive instruments outstanding during the period using the two class method. See Note 14.
	Segment Reporting
	Management views the Company as a single segment based on its method of internal reporting in addition to its allocations of capital and resources.
	Recently Issued Accounting Pronouncements
	Changes to GAAP are established by the FASB in the form of ASUs to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. Newly issued ASUs not listed below are expected to not have any material impact on its combined financial position and results of operations because either the ASU is not applicable or the impact is expected to be immaterial.
	In April 2013, the FASB issued ASU No. 2013-07 to Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. This amendment requires an entity to prepare its financial statements using the liquidation basis of accounting when it ceases operating and begins selling assets to settle debts with creditors. This ASU is effective for fiscal years beginning after December 15, 2012, with early adoption permitted, and should be applied prospectively from the day that liquidation becomes imminent. We do not expect the adoption of this accounting standard to have a material impact on our Consolidated and Combined Financial Statements.
	In December 2011, the FASB issued ASU No. 2011-10 to clarify the scope of current GAAP. The update clarifies that the real estate sales guidance applies to the derecognition of a subsidiary that is in-substance real estate as a result of default on the subsidiary’s nonrecourse debt. That is, even if the reporting entity ceases to have a controlling financial interest under the consolidation guidance, the reporting entity would continue to include the real estate, debt, and the results of the subsidiary’s operations in its consolidated financial statements until legal title to the real estate is transferred to legally satisfy the debt. The adoption of this accounting standard update on January 1, 2013 did not have a material impact on our Consolidated and Combined Financial Statements.

Investments_in_Real_Estate

Investments in Real Estate	9 Months Ended
	Sep. 30, 2013
Investments in Real Estate	'
	3.              Investments in Real Estate
	Acquisitions
	On July 30, 2013 we acquired the property located at 8101-8117 Orion Avenue in Van Nuys, CA for a contract price of $5.6 million, using proceeds from our revolving credit facility. The property consists of one multi-tenant industrial building totaling 48,388 square feet situated on 1.89 acres of land.
	On August 7, 2013 we acquired the property located at 18310-18330 Oxnard Street in Tarzana, CA for a contract price of $8.4 million, using proceeds from our revolving credit facility. The property consists of one multi-tenant industrial building totaling 75,288 square feet situated on 3.11 acres of land.
	During the period from January 1, 2013 to July 23, 2013, our Predecessor acquired four properties consisting of 17 buildings and approximately 740,525 square feet. The properties are located throughout Southern California. The total contract price for these acquisitions was $73.8 million.
	During the nine months ended September 30, 2012, our Predecessor acquired two properties (one located in Southern California and one located in Glenview, Illinois) consisting of five buildings and approximately 145,853 square feet. The total contract price for these acquisitions was $6.4 million.
	We incurred acquisition expenses in the amount of $119,000 for the period from July 24, 2013 to September 30, 2013, $7,000 for the period from July 1, 2013 to July 23, 2013, $11,000 for the three months ended September 30, 2012, $724,000 for the period from January 1, 2013 to July 23, 2013, and $245,000 for the nine months ended September 30, 2012.
	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition.
							Real estate assets:											Acquisition-related
	Address		Acquisition				Land							Buildings and				In‑place				Net Above				Total			Other			Notes Payable,				Net Assets
			Date											improvements				Lease				(Below)				Purchase			Assets			Accounts				Acquired
																		Intangibles (1)				Market				Price						Payable,
																						Lease										Accrued
																						Intangibles (2)										Expenses and
																																Tenant
																																Security
																																Deposits
	2013 Acquisitions:
	8101‑8117 Orion Avenue			7/30/13			$	1,389,000				$			3,872,000		$		327,000		$		12,000		$		5,600,000	$		19,000	$		(55,000	)	$		5,564,000
	18310‑18330 Oxnard Street			8/7/13			$	2,497,000				$			5,494,000		$		435,000		$		(1,000	)	$		8,425,000	$		4,000	$		(69,000	)	$		8,360,000
	Total						$	3,886,000				$			9,366,000		$		762,000		$		11,000		$		14,025,000	$		23,000	$		(124,000	)	$		13,924,000
	2013 Predecessor Acquisitions:
	18118‑18120 S. Broadway			4/4/13			$	3,013,000				$			2,161,000		$		274,000		$		—		$		5,448,000	$		16,000	$		(57,000	)	$		5,407,000
	8900‑8980 Benson Ave., 5637 Arrow Highway			4/9/13			$	1,817,000				$			4,590,000		$		552,000		$		191,000		$		7,150,000	$		20,000	$		(104,000	)	$		7,066,000
	3350 Tyburn St., 3332, 3334, 3360, 3368, 3370, 3378, 3380, 3410, 3424 N. San Fernando Rd.			4/17/13			$	26,423,000				$			25,795,000		$		2,568,000		$		1,414,000		$		56,200,000	$		168,000	$		(500,000	)	$		55,868,000
	1661 240th St.			5/31/13			$	3,464,000				$			1,498,000		$		38,000		$		—		$		5,000,000	$		8,000	$		(17,000	)	$		4,991,000
	Total						$	34,717,000				$			34,044,000		$		3,432,000		$		1,605,000		$		73,798,000	$		212,000	$		(678,000	)	$		73,332,000
	2012 Acquisitions:
	1400 S. Campus Ave.			3/7/12			$	2,600,000				$			1,631,000		$		588,000		$		(20,000	)	$		4,799,000	$		13,000	$		(529,000	)	$		4,283,000
	500‑560 Zenith Dr.			5/1/12			$	658,000				$			688,000		$		279,000		$		—		$		1,625,000	$		6,000	$		(213,000	)	$		1,418,000
	Total						$	3,258,000				$			2,319,000		$		867,000		$		(20,000	)	$		6,424,000	$		19,000	$		(742,000	)	$		5,701,000
	(1)              The weighted average amortization period of acquired in-place lease intangibles for our 2013 acquisitions was 2.5 years as of September 30, 2013.
	(2)              The weighted average amortization period of net above market leases for our 2013 acquisitions was 2.6 years as of September 30, 2013.
	Acquisition of Other Interests
	As part of the formation transactions, we accounted for the contribution of Sponsor RIF V REIT and their consolidated subsidiaries in exchange for shares of common stock, common units in our Operating Partnership and paid cash, as a business combination in accordance with ASC Section 805-10, Business Combinations (“ASC 805-10”), by recognizing the estimated fair value of acquired assets and assumed liabilities on July 24, 2013, the date of the contribution.
	In addition, through a contribution transaction, we acquired the 30% tenant-in-common interest in the La Jolla Sorrento property that we did not previously own.  This transaction was also accounted for in accordance with ASC 805-10 by re-measuring our preexisting 70% equity in the La Jolla Sorrento property to its acquisition-date fair value, and subsequently recording the estimated fair value of the assets and assumed liabilities at their full fair value.
	The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed of the transactions noted above on the date of contribution or acquisition.
				Allocated
				Value
	Land	$		93,472,000
	Building and acquisition related intangibles			94,458,000
	Notes receivable			13,159,000
	Investment in unconsolidated real estate entities			8,939,000
	Other assets and liabilities			(991,000	)
	Total	$		209,037,000
	The preliminary allocation of the purchase price is based upon a preliminary valuation and our estimates and assumptions are subject to change within the purchase price allocation period (generally one year from the acquisition date).
	Dispositions
	During the period from July 24, 2013 to September 30, 2013 and the nine months ended September 30, 2012 we did not make any dispositions of properties.
	A summary of our property dispositions for the period from January 1, 2013 to July 23, 2013 is as follows:
	Address			Location		Date of			Rentable			Sales Price					Debt Satisfied (1)				Gain Recorded (2)
						Disposition			Square Feet
	4578 Worth Street			Los Angeles, CA			1/31/13			79,370		$		4,100,000		$		2,500,000		$		2,410,000
	1950 E. Williams Drive			Oxnard, CA			4/4/13			161,682		$		8,542,000		$		2,993,000		$		415,000
	9027 Glenoaks Blvd.			Los Angeles, CA			5/10/13			14,700		$		1,727,000		$		1,625,000		$		234,000
	2515, 2507, 2441 W. Erie Dr. & 2929 S. Fair Lane			Tempe, AZ			5/28/13			83,385		$		5,003,000		$		3,531,000		$		1,015,000
	1255 Knollwood Circle			Anaheim, CA			6/14/13			25,162		$		2,768,000		$		2,630,000		$		915,000
	(1)              Amount represents the principal paid back to the lender to release the property from a larger pool of properties serving as collateral for the respective portfolio loan.
	(2)              Gain on sale of real estate is recorded as part of discontinued operations for the period from January 1, 2013 to July 23, 2013.
	Assets Held for Sale
	As of September 30, 2013, we did not have any properties classified as held for sale. As of December 31, 2012, Worth Bonnie Beach, Williams, Glenoaks, Interstate Commerce Center, and Knollwood properties were classified as held for sale.
	The major classes of assets and liabilities of real estate held for sale were as follows:
		December 31, 2012
	Investment in real estate, net	$		16,058,000
Other			442,000
	$		16,500,000
Notes payable	$		13,279,000
Accounts payable and other liabilities			154,000
	$		13,433,000
Discontinued Operations
Income (loss) from discontinued operations includes the results of operations and the gain on sale of real estate related to the Predecessor disposition properties noted above, as well as the results of operations of the Long Carson property which was disposed of on October 16, 2012. Their combined results of operations for the three months ended September 30, 2012 and the period from January 1, 2013 to July 23, 2013 and the nine months ended September 30, 2012 are summarized in the table below.  We did not record any income (loss) from discontinued operations for the period from July 24, 2013 through September 30, 2013.
	The Predecessor
	Three Months					Period from				Nine Months
	Ended					January 1, 2013 to				Ended
	September 30, 2012					July 23, 2013				September 30, 2012
Revenues	$		555,000			$	391,000			$	1,700,000
Operating expenses			(180,000	)			(193,000	)			(518,000	)
Interest expense			(148,000	)			(127,000	)			(435,000	)
Depreciation expense			(295,000	)			(157,000	)			(883,000	)
Loss on extinguishment of debt			—				(250,000	)			—
Gain on sale of real estate			—				4,989,000				—
Income (loss) from discontinued operations	$		(68,000	)		$	4,653,000			$	(136,000	)

Intangible_Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2013
Intangible Assets	'
	4.              Intangible Assets
	The following summarizes our identifiable intangible assets and acquired above/below market lease assets as of:
		September 30, 2013			December 31, 2012
	Acquired in-place lease intangibles
	Gross amount	$	12,323,000		$	18,074,000
	Accumulated amortization		(3,084,000	)		(15,160,000	)
	Net balance	$	9,239,000		$	2,914,000
	Acquired above market leases
	Gross amount	$	2,221,000		$	565,000
	Accumulated amortization		(333,000	)		(386,000	)
	Net balance	$	1,888,000		$	179,000
	Below market leases
	Gross amount	$	(680,000	)	$	(3,711,000	)
	Accumulated amortization		145,000			3,672,000
	Net balance	$	(535,000	)	$	(39,000	)

Notes_Receivable

Notes Receivable	9 Months Ended
	Sep. 30, 2013
Notes Receivable	'
	5.              Notes Receivable
	On February 8, 2013 the mortgage note borrower for the 2824 E. Foothill Blvd. loan repaid, ahead of schedule, the outstanding principal in full. We received gross proceeds from this payoff of $5.4 million, including $6,310 in per diem interest, of which $2.5 million was used to repay the loan secured by this note. The remaining proceeds were paid as a distribution to investors in RIF V. We recorded a $1.4 million gain on collection of notes receivable during the period from January 1, 2013 to July 23, 2013.
	The following table summarizes the balance of our notes receivable:
		Face Amount			Unrecognized				Unrecognized				Note Receivable
					Non‑Accretable				Accretable Yield
					Yield
	At September 30, 2013:
	32401 - 32803 Calle Perfecto	$	14,225,000	$		—		$		(1,072,000	)	$		13,153,000
	At December 31, 2012:
	2824 E. Foothill Blvd.	$	5,370,000			—		$		(1,394,000	)	$		3,976,000
	32401 - 32803 Calle Perfecto		14,410,000			(5,816,000	)			(659,000	)			7,935,000
	Total	$	19,780,000	$		(5,816,000	)	$		(2,053,000	)	$		11,911,000

Notes_Payable

Notes Payable	9 Months Ended
	Sep. 30, 2013
Notes Payable	'
	6.              Notes Payable
	The following table summarizes our notes payable:
		Rexford Industrial				Rexford Industrial
		Realty, Inc.				Realty, Inc.
						Predecessor
		September 30, 2013				December 31, 2012				Contractual				Interest Rate
										Maturity
										Date
	Fixed Rate Debt
	RIV V - Jersey, LLC		5,232,000	(1	)		5,355,000	(1	)		1/1/15				5.45	%  (2)
	RIF I Holdings, LLC		—				41,238,000				5/31/14				6.13	%
	RIF I - Walnut, LLC		—				11,350,000				9/1/13				6.23	%
	RIF II - Orangethorpe, LLC		—				4,451,000				7/1/13				5.147	%
	RIF II - Easy Street, LLC		—				5,310,000				4/1/14				5.32	%
	RIF III Holdings, LLC (Note A)		—				78,338,000				8/31/14				5.60	%  (3)
	RIF III Holdings, LLC (Note B)		—				410,000				8/31/14				12.00	%  (4)
	RIF V - Foothill, LLC		—				2,542,000				9/1/14				4.00	%
	RIF V - Calle Perfecto, LLC		—				5,429,000				9/1/14				4.00	%
	RIF V - Arroyo, LLC		—				3,000,000				9/30/14				4.50	%
	Variable Rate Debt
	RIF V - Glendale Commerce Center, LLC		42,750,000				—				5/1/16	(5	)		LIBOR + 2.00	%
	Term Loan (6)		60,000,000				—				8/1/19				LIBOR + 1.90	%
	RIF I Holdings, LLC		—				7,605,000				5/31/14				LIBOR + 1.00	%
	RIF I - Mulberry, LLC		—				5,978,000				5/20/14				LIBOR + 2.75	%
	RIF II Holdings, LLC		—				40,152,000				7/1/13				LIBOR + 3.50	%
	RIF IV Holdings, LLC		—				67,136,000				4/1/13				LIBOR + 4.00	%
	RIF V - Grand Commerce Center, LLC		—				6,000,000				3/4/14				LIBOR + 2.75	%
	RIF V - Vinedo, LLC		—				3,470,000				8/4/14				LIBOR + 2.75	%
	RIF V - MacArthur, LLC		—				5,475,000				12/5/14				LIBOR + 2.50	%
	RIF V - Campus, LLC		—				3,360,000				7/1/15				LIBOR + 2.50	%
	RIF V - Golden Valley, LLC		—				2,900,000				6/1/15				LIBOR + 2.75	%
	RIF V - Cornerstone Portfolio		—				16,610,000				12/9/14				LIBOR + 2.50	%
	Unsecured Credit Facility
	$200M Facility	$	14,875,000				—				7/24/16	(5	)		LIBOR + 1.50	%
		$	122,857,000			$	316,109,000
	Less: Mortgage Loans Associated with Real Estate Held for Sale		—				(13,279,000	)
		$	122,857,000			$	302,830,000
	(1)              Includes unamortized debt premium of $62,000 at September 30, 2013 and $97,000 December 31, 2012.
	(2)              Monthly payments of interest and principal based on 30-year amortization table.
	(3)              Loan bears interest at 5.60%, with the option to pay a minimum interest rate of 4.25% per annum and to have the remaining 1.35% of the interest added to the principal outstanding.
	(4)              Loan bears interest at 12.00%, with the option to pay a minimum interest rate of 6.00% per annum and to have the remaining 6.00% of the interest accruing added to the principal outstanding.
	(5)              Two additional one year extensions available at the borrower’s option.
	(6)              Loan is secured by six properties and has one additional one year extension available.
	On July 24, 2013, the day that we consummated our IPO, we entered into a $60.0 million term loan which bears interest at a rate of LIBOR plus 195 basis points per annum, and matures August 1, 2019. On the same day, we also entered into a $200.0 million senior unsecured revolving credit facility which bears interest at a rate of LIBOR plus a margin of 135 basis points to 205 basis points per annum, depending on our leverage ratio, and matures on July 24, 2016.
	Using proceeds from our IPO, concurrent private placement, term loan and revolving credit facility, on July 24, 2013 we repaid $303.3 million of the $351.3 million outstanding indebtedness secured by the properties we acquired in our formation transactions. The remaining outstanding indebtedness, which consisted of the $42.8 million Glendale Commerce note and the $5.3 million RIF V – Jersey note, were assumed by us as part of the formation transactions.
	The following table summarizes aggregate future principal payments of debt as of September 30, 2013 and does not consider extension options available to us as noted above:
	October - December 2013	$	31,000
	2014		126,000
	2015		5,013,000
	2016		57,625,000
	2017		—
	Thereafter		60,000,000
	Total (1)	$	122,795,000
	(1)      Includes gross principal balance of outstanding debt before impact of $62,000 debt premium.
	Revolving Credit Facility
	As of September 30, 2013 we had $14.9 million outstanding under the facility. Our ability to borrow under the revolving credit facility will be subject to our ongoing compliance with a number of customary restrictive covenants, including a maximum leverage ratio, a maximum secured leverage ratio, a maximum recourse debt ratio, a minimum fixed charge coverage ratio, an unencumbered debt yield ratio, and a minimum tangible net worth requirement. Additionally, under the revolving credit facility, our distributions may not exceed the greater of (i) 95.0% of our funds from operations or (ii) the amount required for us to qualify and maintain our status as a REIT and avoid the payment of federal or state income or excise tax in any 12 month period. If a default or event of default occurs and is continuing, we may be precluded from making certain distributions (other than those required to allow us to qualify and maintain our status as a REIT). The revolving credit facility also includes cross-default provisions with respect to certain of our other indebtedness.

Operating_Leases

Operating Leases	9 Months Ended
	Sep. 30, 2013
Operating Leases	'
	7.              Operating Leases
	We lease space to tenants primarily under non-cancelable operating leases that generally contain provisions for a base rent plus reimbursement for certain operating expenses. Operating expense reimbursements are reflected in the combined statements of operations as tenant reimbursements.
	Future minimum base rent under operating leases as of September 30, 2013 is summarized as follows:
	Twelve months ending September 30,
	2014	$	35,266,000
	2015		25,507,000
	2016		17,596,000
	2017		11,849,000
	2018		8,215,000
	Thereafter		18,779,000
	Total	$	117,212,000
	The future minimum lease payments in the table above exclude (i) tenant reimbursements, amortization of adjustments for deferred rent receivables and the amortization of above/below-market lease intangibles and (ii) assume that the termination options in some leases, which generally require payment of a termination fee, are not exercised.

Interest_Rate_Contracts

Interest Rate Contracts

9 Months Ended

Sep. 30, 2013

Interest Rate Contracts

'

8.              Interest Rate Contracts

We use interest rate swap agreements to manage our exposure to interest rate movements associated with certain of our existing LIBOR-based variable rate debt. The accounting for changes in fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. None of the interest rate swaps are designated as hedges, and as such, changes in fair value are recognized in earnings under “Gain on mark-to-market of interest rate swaps.” We recognized a gain on mark-to-market interest rate swaps of $0.6 million during the three months ending September 30, 2012, $49,000 for the period from January 1, 2013 to July 23, 2013 and $1.8 million during the nine months ending September 30, 2012.

The fair value of each interest rate swap agreement is obtained through independent third-party valuation sources that use widely accepted valuation techniques including discounted cash flow analyses on the expected cash flows of each derivative. These analyses reflect the contractual terms of the derivatives, including the period to maturity, and use observable market-based inputs, including interest rate curves and implied volatilities (also referred to as “significant other observable inputs”). The fair values of our interest rate swap agreements are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The fair value calculation also includes an amount for risk of non-performance using “significant unobservable inputs” such as estimates of current credit spreads to evaluate the likelihood of default, which have determined to be insignificant to the overall fair value of our interest rate swap agreements. We recognize our interest rate swap agreements as either assets or liabilities on the balance sheet at fair value, disclosed as “Interest rate contracts.”

The following table is a summary of our interest rate swap agreements as of December 31, 2012:

Description

Effective

Termination

Interest

Fair

Notional

Date

Date

Strike Rate

Value

Amount in

Effect

Rexford Industrial Fund III, LLC

11/15/06

3/15/13

5.1100

%

$

(49,000

)

$

5,000,000

Fair_Value_Measurements

Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Measurements

'

9.              Fair Value Measurements

The FASB fair value framework includes a hierarchy that distinguishes between assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity’s own assumptions about market-based inputs. Level 1 inputs utilize unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs are observable either directly or indirectly for similar assets and liabilities in active markets. Level 3 inputs are unobservable assumptions generated by the reporting entity.

Recurring Measurements – Interest Rate Contracts

The valuation of our interest rate swaps is determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected future cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements.

The following table sets forth the liabilities that we measure at fair value on a recurring basis by level within the fair value hierarchy as December 31, 2012:

Fair Value Measurement Using

Total Fair

Quoted Price in Active

Significant Other

Significant

Value

Markets for Identical

Observable

Unobservable

Assets and Liabilities

Inputs

Inputs

(Level 1)

(Level 2)

(Level 3)

Liabilities

Interest rate swap at:

December 31, 2012

$

49,000

$

—

$

49,000

$

—

Financial Instruments Disclosed at Fair Value

The carrying amounts of cash and cash equivalents, restricted cash, rents and other receivables, other assets, accounts payable, accrued expenses and other liabilities, and tenant security deposits approximate fair value because of their short-term nature.

The fair value of our secured notes payable was estimated by calculating the present value of principal and interest payments, using currently available market rates, adjusted with a credit spread, and assuming the loans are outstanding through maturity.

The following table sets forth the carrying value and the estimated fair value of our notes payable as of September 30, 2013 and December 31, 2012:

Fair Value Measurement Using

Total Fair

Quoted Price in Active

Significant Other

Significant

Carrying Value

Value

Markets for Identical

Observable

Unobservable

Assets and Liabilities

Inputs

Inputs

(Level 1)

(Level 2)

(Level 3)

Liabilities

Notes Payable at:

September 30, 2013

$

123,002,000

$

—

$

123,002,000

$

—

$

122,857,000

December 31, 2012

$

322,802,000

$

—

$

322,802,000

$

—

$

316,109,000

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2013
Related Party Transactions	'
	10.              Related Party Transactions
	Howard Schwimmer
	We engage in transactions with Howard Schwimmer, our Co-Chief Executive Officer, earning management and development fees and leasing commissions from entities controlled individually by Mr. Schwimmer. Fees and commissions earned from these entities are included in management, leasing and development services in the consolidated and combined statements of operations. We recorded $30,000 in management and leasing services revenue for the period from July 24, 2013 to September 30, 2013, $8,000 for the period from July 1, 2013 to July 23, 2013, $38,000 for the three months ended September 30, 2012, $87,000 for the period from January 1, 2013 to July 23, 2013, and $135,000 for the nine months ended September 30, 2012.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies	'
	11.              Commitments and Contingencies
	Legal
	From time to time, we are subject to various legal proceedings that arise in the ordinary course of business. As of September 30, 2013 management is not aware of any legal proceedings where the likelihood of a loss contingency is reasonably possible and the amount or range of reasonably possible losses is material to our results of operations, financial condition or cash flows.  See Note 16 Subsequent Events.
	Environmental
	We monitor our properties for the presence of hazardous or toxic substances. While there can be no assurance that a material environmental liability does not exist, we are not currently aware of any environmental liability with respect to the properties that would have a material effect on our combined financial condition, results of operations and cash flows. Further, we are not aware of any environmental liability or any unasserted claim or assessment with respect to an environmental liability that we believe would require additional disclosure or the recording of a loss contingency.

Investment_in_Unconsolidated_R

Investment in Unconsolidated Real Estate	9 Months Ended
	Sep. 30, 2013
Investment in Unconsolidated Real Estate	'
	12.              Investment in Unconsolidated Real Estate
	Our Predecessor owned interests in two industrial properties through noncontrolling interests (i) in joint venture entities that that it did not control but over which it exercised significant influence or (ii) as tenants-in-common subject to common control. As part of the IPO, we acquired the 30% tenancy-in-common interest of the property located at 10439-10477 Roselle St. not previously owned by us in exchange for 2,828 units in our Operating Partnership. These investments are accounted for under the equity method of accounting (i.e., at cost, increased or decreased by our share of earnings or losses, less distributions, plus contributions and other adjustments required by equity method accounting, such as basis differences from other-than-temporary impairments, if applicable).
	The following table sets forth the ownership interests of our equity method investments in real estate and their respective carrying values. The carrying values of these investments are affected by the timing and nature of distributions:
						Carrying Value at
	Investment Property		Ownership Interest			September 30, 2013				December 31, 2012
	10439-10477 Roselle St.(1)			70.00	%	$		—		$		9,988,000
	3001-3223 Mission Oaks Boulevard			15.00	%			8,982,000				2,709,000
						$		8,982,000		$		12,697,000
	(1)              This is a tenancy-in-common interest in which control is shared equally with the other tenant-in-common partners. As part of the IPO, we acquired the 30% tenancy-in-common interest not previously owned by us.
	The following tables present combined summarized financial information of our equity method investment properties. Amounts provided are the total amounts attributable to the entities and do not represent our proportionate share:
		Period from			Period from				Three Months Ended				Period from			Nine Months Ended
		July 24, 2013 to			July 1, 2013 to				September 30, 2012 (2)				January 1, 2013 to			September 30, 2012 (2)
		September 30, 2013 (1)			July 23, 2013 (2)								July 23, 2013 (2)
	Revenues	$	5,946,000		$	2,270,000			$	2,433,000			$	6,516,000		$	3,004,000
	Expenses		(5,001,000	)		(1,928,000	)			(1,888,000	)			(7,296,000	)		(3,545,000	)
	Net income (loss)	$	945,000		$	342,000			$	545,000			$	(780,000	)	$	(541,000	)
		September 30, 2013 (1)			December 31, 2012 (2)
	Assets	$	61,528,000		$	71,242,000
	Liabilities		(42,522,000	)		(42,265,000	)
	Partners'/members' equity	$	19,006,000		$	28,977,000
	(1)              Includes summarized financial information for our equity method investment property located at 3001-3223 Mission Oaks Boulevard.
	(2)              Includes summarized financial information for properties located at 3001-3223 Mission Oaks Boulevard and 10439-10477 Roselle St.
	Our unconsolidated real estate entities incurred management, leasing and development fees, which were payable to us, of $86,000 during the period from July 24, 2013 to September 30, 2013, $24,000 for the period from July 1, 2013 to July 23, 2013, $116,000 for the three months ended September 30, 2012, $218,000 for the period from January 1, 2013 to July 23, 2013, and $134,000 for the nine months ended September 30, 2012.
	We recognized management, leasing and development revenue of $222,000 during the period from July 24, 2013 to September 30, 2013, $0 for the period from July 1, 2013 to July 23, 2013, $83,000 for the three months ended September 30, 2012, $430,000 for the period from January 1, 2013 to July 23, 2013, and $96,000 for the nine months ended September 30, 2012, which has been recorded in management, leasing and development services.

Stockholders_Equity

Stockholder's Equity	9 Months Ended
	Sep. 30, 2013
Stockholder's Equity	'
	13.              Stockholder’s Equity
	We issued 16,451,972 shares in conjunction with the IPO resulting in net proceeds of approximately $206.1 million after deducting the underwriters’ discount and offering expenses. As part of our concurrent private placement, we issued a total of 3,358,311 shares in exchange for gross proceeds of $47.0 million. Additionally, in conjunction with the formation transactions, we issued 3,697,086 common units of our Operating Partnership and 4,947,558 shares of our common stock.
	Noncontrolling Interests
	Noncontrolling interests in our Operating Partnership relate to interests in the partnership that are not owned by us. Noncontrolling interests consisted of 3,697,086 Operating Partnership units and represented approximately 13.0% of our Operating Partnership as of September 30, 2013. Operating Partnership units and shares of our common stock have essentially the same economic characteristics, as they share equally in the total net income or loss distributions of our Operating Partnership. Investors who own units in our Operating Partnership have the right to cause our Operating Partnership to redeem any or all of their units in our Operating Partnership for an amount of cash per unit equal to the then current market value of one share of common stock, or, at our election, shares of our common stock on a one-for-one basis.
	2013 Incentive Award Plan
	In July 2013, our board of directors adopted the Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan (the “Plan”). The plan permits us to make grants of stock options, restricted stock, long term incentive plan units in our Operating Partnership (“LTIP units”), and other stock based and cash awards to our non-employee directors, employees and consultants. The Plan is administered by our board of directors with respect to awards to non-employee directors and by our compensation committee with respect to other participants each of which may delegate its duties and responsibilities to committees of our directors and/or officers (collectively the “plan administrator”). The plan administrator sets the terms and conditions of all awards under the Plan, including any vesting and vesting acceleration conditions.
	The aggregate number of shares of our common stock and/or LTIP units that were initially available for issuance under awards granted pursuant to the Plan is 2,272,689 shares/LTIP units. Shares and units granted under the Plan may be authorized but unissued shares/LTIP units, or, if authorized by the board of directors, shares purchased in the open market. If an award under the Plan is forfeited, expires or is settled for cash, any shares/LTIP units subject to such award may, to the extent of such forfeiture, expiration or cash settlement, be used again for new grants under the Plan.
	On July 24, 2013, 912,517 shares of restricted common stock were issued to our executive officers, other employees and Mr. Ziman, one of our non-employee directors. These awards will vest in four equal, annual installments on each of the first four anniversaries of the date of grant. On July 24, 2013, 2,858 shares of restricted common stock were issued to each non-employee director, other than Mr. Ziman. These awards will vest in equal one-third installments on each of the first, second and third anniversaries of the grant date, subject to continued service on our board of directors through the applicable vesting date.
	Shares of our restricted common stock generally may not be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent and distribution or, subject to the consent or the administrator of the Plan, a domestic relations order, unless and until all restrictions applicable to such shares have lapsed. Such restrictions expire upon vesting. Shares of our restricted common stock have full voting rights and rights to dividends. During the period from July 24, 2013 to September 30, 2013, we recognized net compensation expense of $382,000 related to the restricted common stock grants, ultimately expected to vest.  ASC Topic 718, Compensation — Stock Compensation, requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The Company has estimated a forfeiture rate of 69.4% for non-vested restricted stock as of September 30, 2013. Stock compensation expense is included in general and administrative and other property expenses in the accompanying consolidated statements of operations.
	As of September 30, 2013, there was $3.4 million of total unrecognized compensation expense related to the non-vested shares of the Company’s restricted common stock assuming the forfeiture rate noted above. As of September 30, 2013, this expense is expected to be recognized over a weighted average remaining period of 28 months.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share	'
	14.              Earnings Per Share
	Basic earnings per share is computed by dividing income attributable to common stockholders by the weighted average shares of common stock outstanding, as adjusted for the effect of participating securities. Unvested restricted common stock awards are considered participating securities as they contain rights to receive nonforfeitable dividends prior to the awards being vested. The impact of unvested restricted common stock awards on earnings per share has been calculated using the two-class method.  Under the two-class method, we allocate net income after amounts attributable to noncontrolling interests to common stockholders and unvested restricted stock awards based on their respective participation rights to dividends declared (or accumulated) and undistributed earnings. For the period from July 24, 2013 to September 30, 2013, there were no dividends declared or distributions paid on any of our common shares and participating securities.  Diluted earnings per share is computed using the weighted average shares of common stock outstanding determined for the basic earnings per share computation plus the effect of any dilutive securities, including the dilutive effect of stock options using the treasury stock method.
	The following table sets forth the computation of basic and diluted earnings per share:
		Period from
		July 24, 2013 to
		September 30, 2013
	Numerator:
	Net income	$	295,000
	Net income attributable to noncontrolling interests		(39,000	)
	Allocation of net income to participating unvested restricted common stock		(9,000	)
	Numerator for basic and diluted net income available to common stockholders	$	247,000
	Denominator:
	Weighted average shares of common stock outstanding—basic and diluted		24,574,432
	Basic earnings per share:
	Net income available to common stockholders per share	$	0.01
	Diluted earnings per share:
	Net income available to common stockholders per share	$	0.01

Predecessor_Equity

Predecessor Equity	9 Months Ended
	Sep. 30, 2013
Stockholder's Equity	'
	13.              Stockholder’s Equity
	We issued 16,451,972 shares in conjunction with the IPO resulting in net proceeds of approximately $206.1 million after deducting the underwriters’ discount and offering expenses. As part of our concurrent private placement, we issued a total of 3,358,311 shares in exchange for gross proceeds of $47.0 million. Additionally, in conjunction with the formation transactions, we issued 3,697,086 common units of our Operating Partnership and 4,947,558 shares of our common stock.
	Noncontrolling Interests
	Noncontrolling interests in our Operating Partnership relate to interests in the partnership that are not owned by us. Noncontrolling interests consisted of 3,697,086 Operating Partnership units and represented approximately 13.0% of our Operating Partnership as of September 30, 2013. Operating Partnership units and shares of our common stock have essentially the same economic characteristics, as they share equally in the total net income or loss distributions of our Operating Partnership. Investors who own units in our Operating Partnership have the right to cause our Operating Partnership to redeem any or all of their units in our Operating Partnership for an amount of cash per unit equal to the then current market value of one share of common stock, or, at our election, shares of our common stock on a one-for-one basis.
	2013 Incentive Award Plan
	In July 2013, our board of directors adopted the Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan (the “Plan”). The plan permits us to make grants of stock options, restricted stock, long term incentive plan units in our Operating Partnership (“LTIP units”), and other stock based and cash awards to our non-employee directors, employees and consultants. The Plan is administered by our board of directors with respect to awards to non-employee directors and by our compensation committee with respect to other participants each of which may delegate its duties and responsibilities to committees of our directors and/or officers (collectively the “plan administrator”). The plan administrator sets the terms and conditions of all awards under the Plan, including any vesting and vesting acceleration conditions.
	The aggregate number of shares of our common stock and/or LTIP units that were initially available for issuance under awards granted pursuant to the Plan is 2,272,689 shares/LTIP units. Shares and units granted under the Plan may be authorized but unissued shares/LTIP units, or, if authorized by the board of directors, shares purchased in the open market. If an award under the Plan is forfeited, expires or is settled for cash, any shares/LTIP units subject to such award may, to the extent of such forfeiture, expiration or cash settlement, be used again for new grants under the Plan.
	On July 24, 2013, 912,517 shares of restricted common stock were issued to our executive officers, other employees and Mr. Ziman, one of our non-employee directors. These awards will vest in four equal, annual installments on each of the first four anniversaries of the date of grant. On July 24, 2013, 2,858 shares of restricted common stock were issued to each non-employee director, other than Mr. Ziman. These awards will vest in equal one-third installments on each of the first, second and third anniversaries of the grant date, subject to continued service on our board of directors through the applicable vesting date.
	Shares of our restricted common stock generally may not be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent and distribution or, subject to the consent or the administrator of the Plan, a domestic relations order, unless and until all restrictions applicable to such shares have lapsed. Such restrictions expire upon vesting. Shares of our restricted common stock have full voting rights and rights to dividends. During the period from July 24, 2013 to September 30, 2013, we recognized net compensation expense of $382,000 related to the restricted common stock grants, ultimately expected to vest.  ASC Topic 718, Compensation — Stock Compensation, requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The Company has estimated a forfeiture rate of 69.4% for non-vested restricted stock as of September 30, 2013. Stock compensation expense is included in general and administrative and other property expenses in the accompanying consolidated statements of operations.
	As of September 30, 2013, there was $3.4 million of total unrecognized compensation expense related to the non-vested shares of the Company’s restricted common stock assuming the forfeiture rate noted above. As of September 30, 2013, this expense is expected to be recognized over a weighted average remaining period of 28 months.
Rexford Industrial Realty, Inc. Predecessor	'
Stockholder's Equity	'
	15.              Predecessor Equity
	Controlling interests in our Predecessor include the interests owned by partners of RILLC, and Rexford Sponsor V LLC, and any interests held by their spouses and children (“RILLC and Affiliates”). Noncontrolling interests relate to all other interests not held by RILLC and Affiliates. Noncontrolling interests also includes the 27.76% interest of 10 investors in RIF I—Walnut, LLC, and the 3.23% interest of one investor in RIF IV—Burbank, LLC, both consolidated subsidiaries in our Predecessor’s financial statements as of December 31, 2012.
	Equity distributions by our Predecessor Funds are allocated between the general partner and limited partners (collectively “Partners”) in accordance with each fund’s operating agreements. Generally this provides for distributions to be allocated to Partners, pari passu, in accordance with their respective percentage interests. After Partners have exceeded certain cash distribution thresholds, as defined in each Predecessor Fund’s operating agreement, then the general partner may receive incentive promote cash distributions commensurate with the cash return performance hurdles also detailed in the Predecessor Fund’s operating agreement. Each fund’s operating agreement generally provides for income, expenses, gains and losses to be allocated in a manner consistent with cash distributions described above.
	During November and December 2012, our predecessor granted to its employees a 9.0% equity interest in Rexford Fund V Manager, LLC’s (“Fund V Manager”) profits interest in RIF V. An additional 2.0% equity interest was granted in January 2013. Fund V Manager is the controlling member of RIF V and is a wholly-owned subsidiary of Sponsor. The fair value of these interests was estimated to be approximately $1.0 million at the time they were granted. The equity interests are considered performance-based equity interests and are subject to graded vesting over the shorter of a 7-year period or the dissolution date of Fund V Manager. On July 24, 2013, the day we consummated our IPO, Fund V Manager was dissolved.
	We expensed $899,000 during the period from July 1, 2013 to July 23, 2013 and $985,000 during the period from January 1, 2013 to September 30, 2013 related to these equity awards.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2013
Subsequent Events	'
	16.              Subsequent Events
	On November 8, 2013 we acquired the property located at 1100-1170 Gilbert Street and 2353-2373 La Palma Avenue in Anaheim, CA for a contract price of $10.6 million.  We funded the acquisition in part by assuming a $3.3 million first mortgage loan secured by the property and used proceeds from our revolving credit facility to fund the remaining $7.3 million purchase price.  The property consists of six multi-tenant industrial buildings totaling 120,313 square feet situated on 6.9 acres of land.
	On November 1, 2013 we acquired the property located at 22343-22349 La Palma Avenue in Yorba Linda, CA for a contract price of $12.7 million, using proceeds from our revolving credit facility.  The property consists of four multi-tenant industrial buildings totaling 115,760 square feet situated on 9.13 acres of land.
	On October 28, 2013, the accommodation whereby Messrs. Schwimmer, Frankel and Ziman and certain other individuals would return up to $32.1 million that they received in connection with our IPO and formation transactions, by reallocating up to $21.1 million in Operating Partnership units to pre-IPO investors and canceling up to $11.0 million in restricted stock grants (the “Accommodation”), became effective.  For more information, please see Part II. Item 1, “Legal Proceedings.”
	On October 3, 2013, one husband and wife couple who were pre-IPO investors filed a putative class action purportedly brought on behalf of the investors in RIF III in the Los Angeles County Superior Court (the “RIF III Action”).  Plaintiffs assert claims against the Company, RIF III, RILLC and Messrs. Schwimmer, Frankel and Ziman (“Defendants”) for breach of fiduciary duty, violation of certain California securities laws, negligent misrepresentation, and fraud.  Plaintiffs allege, among other things, that the terms of the formation transactions were unfair to investors in RIF III, that the consideration received by investors in RIF III in the formation transactions was inadequate, that the Management Companies (as defined below) were allocated unfair value in the formation transactions and that the disclosure documents related to the formation transactions were materially misleading.  The complaint seeks class certification, requests to inspect the books and records of currently non-existent RIF III, and further seeks declaratory relief, unspecified recessionary damages, disgorgement, compensatory, punitive and exemplary damages, an accounting for unjust enrichment, and an award of costs including pre-judgment interest, attorneys’ and experts’ fees, and other unspecified relief.  Plaintiffs also asserted in court filings that the formal communication of the proposed Accommodation was materially misleading by not including disclosures regarding the lawsuit and claims asserted by plaintiffs.  While we believe that the RIF III Action is without merit and intend to defend the litigation vigorously, we expect to incur costs associated with defending the RIF III Action.  At this early stage of the litigation, the ultimate outcome of the RIF III action is uncertain and we cannot reasonably assess the timing or outcome, or estimate the amount of loss, if any, or its effect, if any, on its financial statements.  The Accommodation was not made in response to the RIF III Action, as the discussions leading to the Accommodation predate the RIF III Action.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Discontinued Operations	'
	Discontinued Operations
	The revenue, expenses, impairment and/or gain on sale of operating properties that meet the applicable criteria are reported as discontinued operations in the consolidated and combined statements of operations for all periods presented. A gain on sale, if any, is recognized in the period during which the property is disposed.
	In determining whether to report the results of operations, impairment and/or gain on sale of operating properties as discontinued operations, we evaluate whether we have any significant continuing involvement in the operations, leasing or management of the property after disposition. If we determine that we have significant continuing involvement after disposition, we report the revenue, expenses, impairment and/or gain on sale as part of continuing operations.
Held for Sale Assets	'
	Held for Sale Assets
	We classify properties as held for sale when certain criteria set forth in the Long-Lived Assets Classified as Held for Sale Subsections of ASC Topic 360: Property, Plant, and Equipment, are met. At that time, the assets and liabilities of the property held for sale are presented separately in the consolidated and combined balance sheets and we cease recording depreciation and amortization expense at the time a property is classified as held for sale. Properties held for sale are reported at the lower of their carrying value or their estimated fair value, less estimated costs to sell.
Investment in Real Estate	'
	Investment in Real Estate
	Acquisitions of properties are accounted for utilizing the purchase accounting method and accordingly, the results of operations of acquired properties are included in our results of operations from the respective dates of acquisition. Transaction costs related to acquisitions are expensed, rather than included with the consideration paid. Estimates of future cash flows and other valuation techniques are used to allocate the purchase price of acquired property between land, buildings and improvements, equipment and identifiable intangible assets and liabilities such as amounts related to in-place at-market leases, and acquired above- and below-market leases. Initial valuations are subject to change until such information is finalized, but no later than 12 months from the acquisition date.
	The fair values of tangible assets are determined on an “as-if-vacant” basis. The “as-if-vacant” fair value is allocated to land, where applicable, buildings, tenant improvements and equipment based on comparable sales and other relevant information obtained in connection with the acquisition of the property.
	The estimated fair value of acquired in-place at-market tenant leases are the costs that would have been incurred to lease the property to the occupancy level of the property at the date of acquisition. Such estimates include the fair value of leasing commissions and legal costs that would be incurred to lease the property to this occupancy level. Additionally, we evaluate the time period over which such occupancy level would be achieved and include an estimate of the net operating costs (primarily real estate taxes, insurance and utilities) incurred during the lease-up period, which is generally six months.
	Above- and below-market in-place lease intangibles are recorded as an asset or liability based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be received or paid pursuant to the in-place tenant lease, and our estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining noncancelable term of the lease and bargain renewal periods for below market in-place lease intangibles, if applicable.
	We capitalize costs incurred in developing, renovating, rehabilitating, and improving real estate assets as part of the investment basis. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred. During the land development and construction periods, we capitalize interest costs, insurance, real estate taxes and certain general and administrative costs of the personnel performing development, renovations, and rehabilitation if such costs are incremental and identifiable to a specific activity to get the asset ready for its intended use. Capitalized costs are included in the investment basis of real estate assets.
	When assets are sold or retired, their costs and related accumulated depreciation are removed from the accounts with the resulting gains or losses reflected in operations for the period.
	The values allocated to land, buildings, site improvements, in-place leases, tenant improvements and leasing costs are depreciated on a straight-line basis using an estimated remaining life of 10-30 years for buildings, 20 years for site improvements, and the shorter of the estimated useful life or respective lease term for tenant improvements.
Impairment of Long-Lived Assets	'
	Impairment of Long-Lived Assets
	In accordance with the provisions of the Impairment or Disposal of Long-Lived Assets Subsections of ASC Topic 360: Property, Plant, and Equipment, we assess the carrying values of our respective long-lived assets, including goodwill, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable.
	Recoverability of real estate assets is measured by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. In order to review real estate assets for recoverability, we consider current market conditions, as well as our intent with respect to holding or disposing of the asset. The intent with regard to the underlying assets might change as market conditions change, as well as other factors, especially in the current global economic environment. Fair value is determined through various valuation techniques; including discounted cash flow models, applying a capitalization rate to estimated net operating income of a property, quoted market values and third party appraisals, where considered necessary. The use of projected future cash flows is based on assumptions that are consistent with estimates of future expectations and the strategic plan used to manage our underlying business. If our analysis indicates that the carrying value of the real estate asset is not recoverable on an undiscounted cash flow basis, we will recognize an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property.
	Assumptions and estimates used in the recoverability analyses for future cash flows, discount rates and capitalization rates are complex and subjective. Changes in economic and operating conditions or our intent with regard to our investment that occur subsequent to our impairment analyses could impact these assumptions and result in future impairment of our real estate properties.
	At December 31, 2012, our investment in real estate has been recorded net of a cumulative impairment of $19.6 million.
Income Taxes	'
	Income Taxes
	We will elect to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) commencing with our initial taxable year ending December 31, 2013. To qualify as a REIT, we are required (among other things) to distribute at least 90% of our REIT taxable income to our stockholders and meet the various other requirements imposed by the Code relating to matters such as operating results, asset holdings, distribution levels and diversity of stock ownership. Provided we qualify for taxation as a REIT, we are generally not subject to corporate-level income tax on the earnings distributed currently to our stockholders that we derive from our REIT qualifying activities. If we fail to qualify as a REIT in any taxable year, and were unable to avail ourselves of certain savings provisions set forth in the Code, all of our taxable income would be subject to federal income tax at regular corporate rates, including any applicable alternative minimum tax.
	In addition, we are subject to taxation by various state and local jurisdictions, including those in which we transact business or reside. Our non-taxable REIT subsidiaries, including our Operating Partnership, are either partnerships or disregarded entities for federal income tax purposes. Under applicable federal and state income tax rules, the allocated share of net income or loss from disregarded entities (including limited partnerships and S-Corporations) is reportable in the income tax returns of the respective partners and stockholders. Accordingly, no income tax provision is included in the accompanying consolidated financial statements for the period from July 24, 2013 to September 30, 2013.
	Each of RIF I, RIF II, RIF III and RIF IV are limited liability companies but have elected to be taxed as a partnership for tax purposes. As such, the allocated share of net income or loss from the limited liability companies is reportable in the income tax returns of the respective partners and investors. Accordingly, no income tax provision is included in the accompanying combined financial statements.
	RIF V REIT has elected to be taxed as a REIT under the Code, commencing with its tax period ended December 31, 2010. We believe that RIF V REIT has met all of the REIT distribution and technical requirements for the period from January 1, 2013 to July 23, 2013 and the nine months ended September 30, 2012. Accordingly, we have not recognized any provision for income taxes.
	We periodically evaluate our tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. As of September 30, 2013 and December 31, 2012, we have not established a liability for uncertain tax positions.
Revenue Recognition	'
	Revenue Recognition
	We recognize revenue from rent, tenant reimbursements and other revenue sources once all of the following criteria are met: persuasive evidence of an arrangement exists, the delivery has occurred or services rendered, the fee is fixed and determinable and collectability is reasonably assured. Minimum annual rental revenues are recognized in rental revenues on a straight-line basis over the term of the related lease. Rental revenue recognition commences when the tenant takes possession or controls the physical use of the leased space.
	Estimated reimbursements from tenants for real estate taxes, common area maintenance and other recoverable operating expenses are recognized as revenues in the period that the expenses are incurred. Subsequent to year-end, we perform final reconciliations on a lease-by-lease basis and bill or credit each tenant for any cumulative annual adjustments. Lease termination fees, which are included in rental revenues in the accompanying consolidated and combined statements of operations, are recognized when the related lease is canceled and we have no continuing obligation to provide services to such former tenant.
	Revenues from management, leasing and development services are recognized when the related services have been provided and earned.
	The recognition of gains on sales of real estate requires us to measure the timing of a sale against various criteria related to the terms of the transaction, as well as any continuing involvement in the form of management or financial assistance associated with the property. If the sales criteria are not met, we defer gain recognition and account for the continued operations of the property by applying the finance, profit-sharing or leasing method. If the sales criteria have been met, we further analyze whether profit recognition is appropriate using the full accrual method. If the criteria to recognize profit using the full accrual method have not been met, we defer the gain and recognize it when the criteria are met or use the installment or cost recovery method as appropriate under the circumstances. See Note 3 for discussion of dispositions.
Equity Based Compensation	'
	Equity Based Compensation
	We account for equity-based compensation, including shares of restricted stock, in accordance with ASC Topic 718 Compensation – Stock Compensation, which requires us to recognize an expense for the fair value of equity-based compensation awards. The estimated fair value of shares of restricted stock are amortized over their respective vesting periods. See Note 13.
Earnings Per Share	'
	Earnings Per Share
	Basic earnings per share is calculated by dividing the net income attributable to common stockholders for the period by the weighted average of common shares and participating securities outstanding during the period. Diluted earnings per share is calculated by dividing the net income attributable to common stockholders for the period by the weighted average number of common and dilutive instruments outstanding during the period using the two class method. See Note 14.
Segment Reporting	'
	Segment Reporting
	Management views the Company as a single segment based on its method of internal reporting in addition to its allocations of capital and resources.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	Changes to GAAP are established by the FASB in the form of ASUs to the FASB’s Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. Newly issued ASUs not listed below are expected to not have any material impact on its combined financial position and results of operations because either the ASU is not applicable or the impact is expected to be immaterial.
	In April 2013, the FASB issued ASU No. 2013-07 to Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. This amendment requires an entity to prepare its financial statements using the liquidation basis of accounting when it ceases operating and begins selling assets to settle debts with creditors. This ASU is effective for fiscal years beginning after December 15, 2012, with early adoption permitted, and should be applied prospectively from the day that liquidation becomes imminent. We do not expect the adoption of this accounting standard to have a material impact on our Consolidated and Combined Financial Statements.
	In December 2011, the FASB issued ASU No. 2011-10 to clarify the scope of current GAAP. The update clarifies that the real estate sales guidance applies to the derecognition of a subsidiary that is in-substance real estate as a result of default on the subsidiary’s nonrecourse debt. That is, even if the reporting entity ceases to have a controlling financial interest under the consolidation guidance, the reporting entity would continue to include the real estate, debt, and the results of the subsidiary’s operations in its consolidated financial statements until legal title to the real estate is transferred to legally satisfy the debt. The adoption of this accounting standard update on January 1, 2013 did not have a material impact on our Consolidated and Combined Financial Statements.

Investments_in_Real_Estate_Tab

Investments in Real Estate (Tables)	9 Months Ended
	Sep. 30, 2013
Acquisitions	'
	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition.
							Real estate assets:											Acquisition-related
	Address		Acquisition				Land							Buildings and				In‑place				Net Above				Total			Other			Notes Payable,				Net Assets
			Date											improvements				Lease				(Below)				Purchase			Assets			Accounts				Acquired
																		Intangibles (1)				Market				Price						Payable,
																						Lease										Accrued
																						Intangibles (2)										Expenses and
																																Tenant
																																Security
																																Deposits
	2013 Acquisitions:
	8101‑8117 Orion Avenue			7/30/13			$	1,389,000				$			3,872,000		$		327,000		$		12,000		$		5,600,000	$		19,000	$		(55,000	)	$		5,564,000
	18310‑18330 Oxnard Street			8/7/13			$	2,497,000				$			5,494,000		$		435,000		$		(1,000	)	$		8,425,000	$		4,000	$		(69,000	)	$		8,360,000
	Total						$	3,886,000				$			9,366,000		$		762,000		$		11,000		$		14,025,000	$		23,000	$		(124,000	)	$		13,924,000
	2013 Predecessor Acquisitions:
	18118‑18120 S. Broadway			4/4/13			$	3,013,000				$			2,161,000		$		274,000		$		—		$		5,448,000	$		16,000	$		(57,000	)	$		5,407,000
	8900‑8980 Benson Ave., 5637 Arrow Highway			4/9/13			$	1,817,000				$			4,590,000		$		552,000		$		191,000		$		7,150,000	$		20,000	$		(104,000	)	$		7,066,000
	3350 Tyburn St., 3332, 3334, 3360, 3368, 3370, 3378, 3380, 3410, 3424 N. San Fernando Rd.			4/17/13			$	26,423,000				$			25,795,000		$		2,568,000		$		1,414,000		$		56,200,000	$		168,000	$		(500,000	)	$		55,868,000
	1661 240th St.			5/31/13			$	3,464,000				$			1,498,000		$		38,000		$		—		$		5,000,000	$		8,000	$		(17,000	)	$		4,991,000
	Total						$	34,717,000				$			34,044,000		$		3,432,000		$		1,605,000		$		73,798,000	$		212,000	$		(678,000	)	$		73,332,000
	2012 Acquisitions:
	1400 S. Campus Ave.			3/7/12			$	2,600,000				$			1,631,000		$		588,000		$		(20,000	)	$		4,799,000	$		13,000	$		(529,000	)	$		4,283,000
	500‑560 Zenith Dr.			5/1/12			$	658,000				$			688,000		$		279,000		$		—		$		1,625,000	$		6,000	$		(213,000	)	$		1,418,000
	Total						$	3,258,000				$			2,319,000		$		867,000		$		(20,000	)	$		6,424,000	$		19,000	$		(742,000	)	$		5,701,000
	(1)              The weighted average amortization period of acquired in-place lease intangibles for our 2013 acquisitions was 2.5 years as of September 30, 2013.
	(2)              The weighted average amortization period of net above market leases for our 2013 acquisitions was 2.6 years as of September 30, 2013.
Acquisition of Other Interests	'
	The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed of the transactions noted above on the date of contribution or acquisition.
				Allocated
				Value
	Land	$		93,472,000
	Building and acquisition related intangibles			94,458,000
	Notes receivable			13,159,000
	Investment in unconsolidated real estate entities			8,939,000
	Other assets and liabilities			(991,000	)
	Total	$		209,037,000
Dispositions	'
	A summary of our property dispositions for the period from January 1, 2013 to July 23, 2013 is as follows:
	Address			Location		Date of			Rentable			Sales Price					Debt Satisfied (1)				Gain Recorded (2)
						Disposition			Square Feet
	4578 Worth Street			Los Angeles, CA			1/31/13			79,370		$		4,100,000		$		2,500,000		$		2,410,000
	1950 E. Williams Drive			Oxnard, CA			4/4/13			161,682		$		8,542,000		$		2,993,000		$		415,000
	9027 Glenoaks Blvd.			Los Angeles, CA			5/10/13			14,700		$		1,727,000		$		1,625,000		$		234,000
	2515, 2507, 2441 W. Erie Dr. & 2929 S. Fair Lane			Tempe, AZ			5/28/13			83,385		$		5,003,000		$		3,531,000		$		1,015,000
	1255 Knollwood Circle			Anaheim, CA			6/14/13			25,162		$		2,768,000		$		2,630,000		$		915,000
	(1)              Amount represents the principal paid back to the lender to release the property from a larger pool of properties serving as collateral for the respective portfolio loan.
	(2)              Gain on sale of real estate is recorded as part of discontinued operations for the period from January 1, 2013 to July 23, 2013.
Assets Held For Sale	'
	The major classes of assets and liabilities of real estate held for sale were as follows:
		December 31, 2012
	Investment in real estate, net	$		16,058,000
	Other			442,000
		$		16,500,000
	Notes payable	$		13,279,000
	Accounts payable and other liabilities			154,000
		$		13,433,000
Discontinued Operations	'
	Income (loss) from discontinued operations includes the results of operations and the gain on sale of real estate related to the Predecessor disposition properties noted above, as well as the results of operations of the Long Carson property which was disposed of on October 16, 2012. Their combined results of operations for the three months ended September 30, 2012 and the period from January 1, 2013 to July 23, 2013 and the nine months ended September 30, 2012 are summarized in the table below.  We did not record any income (loss) from discontinued operations for the period from July 24, 2013 through September 30, 2013.
		The Predecessor
		Three Months					Period from				Nine Months
		Ended					January 1, 2013 to				Ended
		September 30, 2012					July 23, 2013				September 30, 2012
	Revenues	$		555,000			$	391,000			$	1,700,000
	Operating expenses			(180,000	)			(193,000	)			(518,000	)
	Interest expense			(148,000	)			(127,000	)			(435,000	)
	Depreciation expense			(295,000	)			(157,000	)			(883,000	)
	Loss on extinguishment of debt			—				(250,000	)			—
	Gain on sale of real estate			—				4,989,000				—
	Income (loss) from discontinued operations	$		(68,000	)		$	4,653,000			$	(136,000	)

Intangible_Assets_Tables

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Predecessor's Identifiable Intangible Assets and Acquired Above/Below Market Lease Assets	'
	The following summarizes our identifiable intangible assets and acquired above/below market lease assets as of:
		September 30, 2013			December 31, 2012
	Acquired in-place lease intangibles
	Gross amount	$	12,323,000		$	18,074,000
	Accumulated amortization		(3,084,000	)		(15,160,000	)
	Net balance	$	9,239,000		$	2,914,000
	Acquired above market leases
	Gross amount	$	2,221,000		$	565,000
	Accumulated amortization		(333,000	)		(386,000	)
	Net balance	$	1,888,000		$	179,000
	Below market leases
	Gross amount	$	(680,000	)	$	(3,711,000	)
	Accumulated amortization		145,000			3,672,000
	Net balance	$	(535,000	)	$	(39,000	)

Notes_Receivable_Tables

Notes Receivable (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Notes Receivable	'
	The following table summarizes the balance of our notes receivable:
		Face Amount			Unrecognized				Unrecognized				Note Receivable
					Non‑Accretable				Accretable Yield
					Yield
	At September 30, 2013:
	32401 - 32803 Calle Perfecto	$	14,225,000	$		—		$		(1,072,000	)	$		13,153,000
	At December 31, 2012:
	2824 E. Foothill Blvd.	$	5,370,000			—		$		(1,394,000	)	$		3,976,000
	32401 - 32803 Calle Perfecto		14,410,000			(5,816,000	)			(659,000	)			7,935,000
	Total	$	19,780,000	$		(5,816,000	)	$		(2,053,000	)	$		11,911,000

Notes_Payable_Tables

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Notes Payable	'
	The following table summarizes our notes payable:
		Rexford Industrial				Rexford Industrial
		Realty, Inc.				Realty, Inc.
						Predecessor
		September 30, 2013				December 31, 2012				Contractual				Interest Rate
										Maturity
										Date
	Fixed Rate Debt
	RIV V - Jersey, LLC		5,232,000	(1	)		5,355,000	(1	)		1/1/15				5.45	%  (2)
	RIF I Holdings, LLC		—				41,238,000				5/31/14				6.13	%
	RIF I - Walnut, LLC		—				11,350,000				9/1/13				6.23	%
	RIF II - Orangethorpe, LLC		—				4,451,000				7/1/13				5.147	%
	RIF II - Easy Street, LLC		—				5,310,000				4/1/14				5.32	%
	RIF III Holdings, LLC (Note A)		—				78,338,000				8/31/14				5.60	%  (3)
	RIF III Holdings, LLC (Note B)		—				410,000				8/31/14				12.00	%  (4)
	RIF V - Foothill, LLC		—				2,542,000				9/1/14				4.00	%
	RIF V - Calle Perfecto, LLC		—				5,429,000				9/1/14				4.00	%
	RIF V - Arroyo, LLC		—				3,000,000				9/30/14				4.50	%
	Variable Rate Debt
	RIF V - Glendale Commerce Center, LLC		42,750,000				—				5/1/16	(5	)		LIBOR + 2.00	%
	Term Loan (6)		60,000,000				—				8/1/19				LIBOR + 1.90	%
	RIF I Holdings, LLC		—				7,605,000				5/31/14				LIBOR + 1.00	%
	RIF I - Mulberry, LLC		—				5,978,000				5/20/14				LIBOR + 2.75	%
	RIF II Holdings, LLC		—				40,152,000				7/1/13				LIBOR + 3.50	%
	RIF IV Holdings, LLC		—				67,136,000				4/1/13				LIBOR + 4.00	%
	RIF V - Grand Commerce Center, LLC		—				6,000,000				3/4/14				LIBOR + 2.75	%
	RIF V - Vinedo, LLC		—				3,470,000				8/4/14				LIBOR + 2.75	%
	RIF V - MacArthur, LLC		—				5,475,000				12/5/14				LIBOR + 2.50	%
	RIF V - Campus, LLC		—				3,360,000				7/1/15				LIBOR + 2.50	%
	RIF V - Golden Valley, LLC		—				2,900,000				6/1/15				LIBOR + 2.75	%
	RIF V - Cornerstone Portfolio		—				16,610,000				12/9/14				LIBOR + 2.50	%
	Unsecured Credit Facility
	$200M Facility	$	14,875,000				—				7/24/16	(5	)		LIBOR + 1.50	%
		$	122,857,000			$	316,109,000
	Less: Mortgage Loans Associated with Real Estate Held for Sale		—				(13,279,000	)
		$	122,857,000			$	302,830,000
	(1)              Includes unamortized debt premium of $62,000 at September 30, 2013 and $97,000 December 31, 2012.
	(2)              Monthly payments of interest and principal based on 30-year amortization table.
	(3)              Loan bears interest at 5.60%, with the option to pay a minimum interest rate of 4.25% per annum and to have the remaining 1.35% of the interest added to the principal outstanding.
	(4)              Loan bears interest at 12.00%, with the option to pay a minimum interest rate of 6.00% per annum and to have the remaining 6.00% of the interest accruing added to the principal outstanding.
	(5)              Two additional one year extensions available at the borrower’s option.
	(6)              Loan is secured by six properties and has one additional one year extension available.
Summary of Aggregate Future Minimum Payments of Debt	'
	The following table summarizes aggregate future principal payments of debt as of September 30, 2013 and does not consider extension options available to us as noted above:
	October - December 2013	$	31,000
	2014		126,000
	2015		5,013,000
	2016		57,625,000
	2017		—
	Thereafter		60,000,000
	Total (1)	$	122,795,000
	Includes gross principal balance of outstanding debt before impact of $62,000 debt premium.

Operating_Leases_Tables

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2013
Future Minimum Base Rent Under Noncancelable Operating Leases	'
	Future minimum base rent under operating leases as of September 30, 2013 is summarized as follows:
	Twelve months ending September 30,
	2014	$	35,266,000
	2015		25,507,000
	2016		17,596,000
	2017		11,849,000
	2018		8,215,000
	Thereafter		18,779,000
	Total	$	117,212,000

Interest_Rate_Contracts_Tables

Interest Rate Contracts (Tables)

9 Months Ended

Sep. 30, 2013

Summary of Predecessor's Interest Rate Swap Agreement

'

The following table is a summary of our interest rate swap agreements as of December 31, 2012:

Description

Effective

Termination

Interest

Fair

Notional

Date

Date

Strike Rate

Value

Amount in

Effect

Rexford Industrial Fund III, LLC

11/15/06

3/15/13

5.1100

%

$

(49,000

)

$

5,000,000

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Recurring Measurements - Interest Rate Contracts

'

The following table sets forth the liabilities that we measure at fair value on a recurring basis by level within the fair value hierarchy as December 31, 2012:

Fair Value Measurement Using

Total Fair

Quoted Price in Active

Significant Other

Significant

Value

Markets for Identical

Observable

Unobservable

Assets and Liabilities

Inputs

Inputs

(Level 1)

(Level 2)

(Level 3)

Liabilities

Interest rate swap at:

December 31, 2012

$

49,000

$

—

$

49,000

$

—

Financial Instruments Disclosed at Fair Value

'

The following table sets forth the carrying value and the estimated fair value of our notes payable as of September 30, 2013 and December 31, 2012:

Fair Value Measurement Using

Total Fair

Quoted Price in Active

Significant Other

Significant

Carrying Value

Value

Markets for Identical

Observable

Unobservable

Assets and Liabilities

Inputs

Inputs

(Level 1)

(Level 2)

(Level 3)

Liabilities

Notes Payable at:

September 30, 2013

$

123,002,000

$

—

$

123,002,000

$

—

$

122,857,000

December 31, 2012

$

322,802,000

$

—

$

322,802,000

$

—

$

316,109,000

Investment_in_Unconsolidated_R1

Investment in Unconsolidated Real Estate (Tables)	9 Months Ended
	Sep. 30, 2013
Ownership Interest of Predecessor's Equity Method Investments in Real Estate and their Respective Carrying Values	'
	The following table sets forth the ownership interests of our equity method investments in real estate and their respective carrying values. The carrying values of these investments are affected by the timing and nature of distributions:
						Carrying Value at
	Investment Property		Ownership Interest			September 30, 2013				December 31, 2012
	10439-10477 Roselle St.(1)			70.00	%	$		—		$		9,988,000
	3001-3223 Mission Oaks Boulevard			15.00	%			8,982,000				2,709,000
						$		8,982,000		$		12,697,000
	(1)              This is a tenancy-in-common interest in which control is shared equally with the other tenant-in-common partners. As part of the IPO, we acquired the 30% tenancy-in-common interest not previously owned by us.
Summary of Financial Information of Predecessor's Equity Method Investment Properties	'
	The following tables present combined summarized financial information of our equity method investment properties. Amounts provided are the total amounts attributable to the entities and do not represent our proportionate share:
		Period from			Period from				Three Months Ended				Period from			Nine Months Ended
		July 24, 2013 to			July 1, 2013 to				September 30, 2012 (2)				January 1, 2013 to			September 30, 2012 (2)
		September 30, 2013 (1)			July 23, 2013 (2)								July 23, 2013 (2)
	Revenues	$	5,946,000		$	2,270,000			$	2,433,000			$	6,516,000		$	3,004,000
	Expenses		(5,001,000	)		(1,928,000	)			(1,888,000	)			(7,296,000	)		(3,545,000	)
	Net income (loss)	$	945,000		$	342,000			$	545,000			$	(780,000	)	$	(541,000	)
		September 30, 2013 (1)			December 31, 2012 (2)
	Assets	$	61,528,000		$	71,242,000
	Liabilities		(42,522,000	)		(42,265,000	)
	Partners'/members' equity	$	19,006,000		$	28,977,000
	(1)              Includes summarized financial information for our equity method investment property located at 3001-3223 Mission Oaks Boulevard.
	(2)              Includes summarized financial information for properties located at 3001-3223 Mission Oaks Boulevard and 10439-10477 Roselle St.

Computation_of_Basic_and_Dilut

Computation of Basic and Diluted Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Computation of Basic and Diluted Earnings Per Share	'
	The following table sets forth the computation of basic and diluted earnings per share:
		Period from
		July 24, 2013 to
		September 30, 2013
	Numerator:
	Net income	$	295,000
	Net income attributable to noncontrolling interests		(39,000	)
	Allocation of net income to participating unvested restricted common stock		(9,000	)
	Numerator for basic and diluted net income available to common stockholders	$	247,000
	Denominator:
	Weighted average shares of common stock outstanding—basic and diluted		24,574,432
	Basic earnings per share:
	Net income available to common stockholders per share	$	0.01
	Diluted earnings per share:
	Net income available to common stockholders per share	$	0.01

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation - Additional Information (Detail) (USD $)

1 Months Ended

2 Months Ended

7 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

Aug. 21, 2013

Jul. 25, 2013

Sep. 30, 2013

Jul. 23, 2013

Sep. 30, 2013

Jul. 25, 2013

Aug. 21, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 23, 2013

Jul. 25, 2013

Jul. 23, 2013

Jul. 31, 2013

Jul. 23, 2013

Sep. 30, 2013

IPO

IPO

IPO

Private Placement

Term Loan

Revolving Credit Facility

Revolving Credit Facility

Operating Partnership

Operating Partnership

Maximum

Disclosure Overview And Background Additional Information Detail [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock, shares

'

'

'

'

'

16,000,000

451,972

16,451,972

'

'

'

'

'

'

'

Proceeds from issuance of common stock

$5,900,000

'

'

'

'

$208,500,000

'

'

'

'

'

'

'

'

'

Shares issued in Private Placement

'

'

'

'

'

'

'

'

3,358,311

'

'

'

'

'

'

Proceeds from private placement

'

'

47,016,000

'

'

'

'

'

47,000,000

'

'

'

'

'

'

Issuance of Operating Partnership Units

'

'

'

'

'

'

'

'

'

'

'

'

2,828

3,697,086

'

Repayment of debt

'

303,300,000

'

'

303,300,000

'

'

'

'

'

'

'

'

'

'

Cash paid in connection with formation transactions

'

'

'

7,200,000

'

'

'

'

'

'

'

'

'

'

'

Exchange of Predecessor's equity for common stock, shares

'

'

'

4,947,558

'

'

'

'

'

'

'

'

'

'

'

Notes payable

'

'

122,857,000

'

122,857,000

'

'

'

'

60,000,000

'

'

'

'

'

Unsecured revolving credit facility

'

'

'

'

'

'

'

'

'

'

$200,000,000

$200,000,000

'

'

'

Ownership Interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Line Items]	'	'
Real Estate Investment Cumulative Impairment	'	$19.60
REIT annual taxable income distribution requirement percentage	90.00%	'
Site Improvements	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Estimated remaining life	'20 years	'
Minimum | Building	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Estimated remaining life	'10 years	'
Maximum | Building	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Estimated remaining life	'30 years	'

Investments_in_Real_Estate_Sum

Investments in Real Estate - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) (USD $)

Sep. 30, 2013

Jul. 23, 2013

Sep. 30, 2013

Jul. 23, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Jul. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Aug. 07, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Leases, Acquired-in-Place

Leases, Acquired-in-Place

Leases, Acquired-in-Place

Above Market Leases

Above Market Leases

Above Market Leases

Orion Avenue

Orion Avenue

Orion Avenue

Orion Avenue

Oxnard Street

Oxnard Street

Oxnard Street

Oxnard Street

South Broadway

South Broadway

Benson Avenue Arrow Highway

Benson Avenue Arrow Highway

Benson Avenue Arrow Highway

Tyburn Street North San Fernando Road

Tyburn Street North San Fernando Road

Tyburn Street North San Fernando Road

240th Street

240th Street

South Campus Avenue

South Campus Avenue

South Campus Avenue

Zenith Drive

Zenith Drive

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Leases, Acquired-in-Place

Above Market Leases

Leases, Acquired-in-Place

Above Market Leases

Rexford Industrial Realty, Inc. Predecessor

Leases, Acquired-in-Place

Rexford Industrial Realty, Inc. Predecessor

Leases, Acquired-in-Place

Above Market Leases

Rexford Industrial Realty, Inc. Predecessor

Leases, Acquired-in-Place

Above Market Leases

Rexford Industrial Realty, Inc. Predecessor

Leases, Acquired-in-Place

Rexford Industrial Realty, Inc. Predecessor

Leases, Acquired-in-Place

Above Market Leases

Rexford Industrial Realty, Inc. Predecessor

Leases, Acquired-in-Place

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition Date

'

'

'

'

'

'

'

'

'

'

'

30-Jul-13

'

'

'

7-Aug-13

'

'

'

4-Apr-13

'

9-Apr-13

'

'

17-Apr-13

'

'

31-May-13

'

7-Mar-13

'

'

1-May-12

'

Land

$3,886,000

$93,472,000

$34,717,000

'

$3,258,000

'

'

'

'

'

'

$1,389,000

'

'

'

$2,497,000

'

'

'

$3,013,000

'

$1,817,000

'

'

$26,423,000

'

'

$3,464,000

'

$2,600,000

'

'

$658,000

'

Buildings and improvements

9,366,000

94,458,000

34,044,000

'

2,319,000

'

'

'

'

'

'

3,872,000

'

'

'

5,494,000

'

'

'

2,161,000

'

4,590,000

'

'

25,795,000

'

'

1,498,000

'

1,631,000

'

'

688,000

'

Leased Intangibles

'

'

'

'

'

762,000

[1]

3,432,000

[1]

867,000

[1]

11,000

[2]

1,605,000

[2]

-20,000

[2]

'

'

327,000

[1]

12,000

[2]

'

'

435,000

[1]

-1,000

[2]

'

274,000

[1]

'

552,000

[1]

191,000

[2]

'

2,568,000

[1]

1,414,000

[2]

'

38,000

[1]

'

588,000

[1]

-20,000

[2]

'

279,000

[1]

Total Purchase Price

14,025,000

'

73,798,000

73,800,000

6,424,000

'

'

'

'

'

'

5,600,000

5,600,000

'

'

8,425,000

8,400,000

'

'

5,448,000

'

7,150,000

'

'

56,200,000

'

'

5,000,000

'

4,799,000

'

'

1,625,000

'

Other Assets

23,000

13,159,000

212,000

'

19,000

'

'

'

'

'

'

19,000

'

'

'

4,000

'

'

'

16,000

'

20,000

'

'

168,000

'

'

8,000

'

13,000

'

'

6,000

'

Notes Payable, Accounts Payable, Accrued Expenses and Tenant Security Deposits

-124,000

'

-678,000

'

-742,000

'

'

'

'

'

'

-55,000

'

'

'

-69,000

'

'

'

-57,000

'

-104,000

'

'

-500,000

'

'

-17,000

'

-529,000

'

'

-213,000

'

Net Assets Acquired

$13,924,000

$209,037,000

$73,332,000

'

$5,701,000

'

'

'

'

'

'

$5,564,000

'

'

'

$8,360,000

'

'

'

$5,407,000

'

$7,066,000

'

'

$55,868,000

'

'

$4,991,000

'

$4,283,000

'

'

$1,418,000

'

[1]

The weighted average amortization period of acquired in-place lease intangibles for our 2013 acquisitions was 2.5 years as of SeptemberB 30, 2013.

[2]

The weighted average amortization period of net above market leases for our 2013 acquisitions was 2.6 years as of SeptemberB 30, 2013.

Investments_in_Real_Estate_Sum1

Investments in Real Estate - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2013
Leases, Acquired-in-Place	'
Business Acquisition [Line Items]	'
Amortization period of acquired intangible assets	'2 years 6 months
Above Market Leases	'
Business Acquisition [Line Items]	'
Amortization period of acquired intangible assets	'2 years 7 months 6 days

Investments_in_Real_Estate_Sum2

Investments in Real Estate - Summary of Predecessor Property Dispositions (Detail) (USD $)	7 Months Ended
	Jul. 23, 2013
	sqft
Worth Street	'
Property Dispositions [Line Items]	'
Location	'Los Angeles, CA
Date of Disposition	31-Jan-13
Rentable Square Feet	79,370
Sales Price	$4,100,000
Debt Satisfied	2,500,000	[1]
Gain on sale of real estate	2,410,000	[2]
East Williams Drive	'
Property Dispositions [Line Items]	'
Location	'Oxnard, CA
Date of Disposition	4-Apr-13
Rentable Square Feet	161,682
Sales Price	8,542,000
Debt Satisfied	2,993,000	[1]
Gain on sale of real estate	415,000	[2]
Glenoaks Boulevard	'
Property Dispositions [Line Items]	'
Location	'Los Angeles, CA
Date of Disposition	10-May-13
Rentable Square Feet	14,700
Sales Price	1,727,000
Debt Satisfied	1,625,000	[1]
Gain on sale of real estate	234,000	[2]
West Erie Drive And South Fair Lane	'
Property Dispositions [Line Items]	'
Location	'Tempe, AZ
Date of Disposition	28-May-13
Rentable Square Feet	83,385
Sales Price	5,003,000
Debt Satisfied	3,531,000	[1]
Gain on sale of real estate	1,015,000	[2]
Knollwood Circle	'
Property Dispositions [Line Items]	'
Location	'Anaheim, CA
Date of Disposition	14-Jun-13
Rentable Square Feet	25,162
Sales Price	2,768,000
Debt Satisfied	2,630,000	[1]
Gain on sale of real estate	$915,000	[2]
[1]	Amount represents the principal paid back to the lender to release the property from a larger pool of properties serving as collateral for the respective portfolio loan.
[2]	Gain on sale of real estate is recorded as part of discontinued operations for the period from JanuaryB 1, 2013 to JulyB 23, 2013.

Investments_in_Real_Estate_Maj

Investments in Real Estate - Major Classes of Assets and Liabilities of Real Estate Held for Sale (Detail) (USD $)	Dec. 31, 2012
Disclosure Investment In Real Estate Major Classes Of Assets And Liabilities Of Real Estate Held For Sale Detail [Line Items]	'
Investment in real estate, net	$16,058,000
Other	442,000
Total assets	16,500,000
Notes payable	13,279,000
Accounts payable and other liabilities	154,000
Total liabilities	$13,433,000

Investments_in_Real_Estate_Dis

Investments in Real Estate - Discontinued Operations (Detail) (Rexford Industrial Realty, Inc. Predecessor, USD $)	3 Months Ended	7 Months Ended	9 Months Ended
	Sep. 30, 2012	Jul. 23, 2013	Sep. 30, 2012
Rexford Industrial Realty, Inc. Predecessor	'	'	'
Disclosure Investment In Real Estate Discontinued Operations Detail [Line Items]	'	'	'
Revenues	$555,000	$391,000	$1,700,000
Operating expenses	-180,000	-193,000	-518,000
Interest expense	-148,000	-127,000	-435,000
Depreciation expense	-295,000	-157,000	-883,000
Loss on extinguishment of debt	'	-250,000	'
Gain on sale of real estate	'	4,989,000	'
(LOSS) INCOME FROM DISCONTINUED OPERATIONS	($68,000)	$4,653,000	($136,000)

Investments_in_Real_Estate_Acq

Investments in Real Estate - Acquisitions - Additional Information (Detail) (USD $)

2 Months Ended

1 Months Ended

3 Months Ended

7 Months Ended

9 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

Sep. 30, 2013

Jul. 23, 2013

Sep. 30, 2012

Jul. 23, 2013

Sep. 30, 2012

Sep. 30, 2013

Jul. 30, 2013

Sep. 30, 2013

Aug. 07, 2013

Sep. 30, 2013

Jul. 31, 2013

Jul. 23, 2013

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Orion Avenue

Orion Avenue

Oxnard Street

Oxnard Street

La Jolla Sorrento

La Jolla Sorrento

sqft

sqft

Property

Buildings

Buildings

Buildings

Buildings

Property

sqft

acre

sqft

sqft

acre

sqft

Schedule Of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Acquired tenancy-in-common interest not previously owned

'

'

'

'

'

'

'

'

'

'

30.00%

'

Ownership Interest

'

'

'

'

'

'

'

'

'

'

'

70.00%

Disclosure Investment In Real Estate Acquisitions Additional Information Detail [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Total Purchase Price

$14,025,000

$73,800,000

$6,424,000

$73,800,000

$6,424,000

$73,798,000

$5,600,000

$5,600,000

$8,400,000

$8,425,000

'

'

Number of buildings acquired

'

'

'

17

5

'

1

'

1

'

'

'

Square footage of buildings acquired

'

740,525

145,853

740,525

145,853

'

48,388

'

75,288

'

'

'

Acres of land

'

'

'

'

'

'

1.89

'

3.11

'

'

'

Number of properties acquired

'

'

'

4

2

'

'

'

'

'

'

'

Acquisition expenses

$119,000

$7,000

$11,000

$724,000

$245,000

'

'

'

'

'

'

'

Investments_in_Real_Estate_Sum3

Investments in Real Estate - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail 2) (USD $)	Sep. 30, 2013	Jul. 23, 2013
Business Acquisition [Line Items]	'	'
Land	$3,886,000	$93,472,000
Buildings and improvements	9,366,000	94,458,000
Notes receivable	23,000	13,159,000
Investment in unconsolidated real estate entities	'	8,939,000
Other assets and liabilities	'	-991,000
Net Assets Acquired	$13,924,000	$209,037,000

Intangible_Assets_Summary_of_P

Intangible Assets - Summary of Predecessor's Identifiable Intangible Assets and Acquired Above Below Market Lease Assets (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Acquired Finite Lived Intangible Assets [Line Items]	'	'
Net balance	$11,601,000	'
Below market leases, gross amount	-680,000	-3,711,000
Below market leases, accumulated amortization	145,000	3,672,000
Net balance	-535,000	-39,000
Leases, Acquired-in-Place, Market Adjustment	'	'
Acquired Finite Lived Intangible Assets [Line Items]	'	'
Acquired above market leases, gross amount	12,323,000	18,074,000
Accumulated amortization	-3,084,000	-15,160,000
Net balance	9,239,000	2,914,000
Above Market Leases	'	'
Acquired Finite Lived Intangible Assets [Line Items]	'	'
Acquired above market leases, gross amount	2,221,000	565,000
Accumulated amortization	-333,000	-386,000
Net balance	$1,888,000	$179,000

Notes_Receivable_Additional_In

Notes Receivable - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2013
Notes Receivables	'
Proceeds from collection of mortgage note	$5,400,000
Interest received from mortgage note	6,310
Amount used to repay secured loan	2,500,000
Gain from early repayment of note receivable	$1,400,000

Notes_Receivable_Summary_of_No

Notes Receivable - Summary of Notes Receivable (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Notes Receivables	'	'
Face Amount	$14,225,000	$19,780,000
Unrecognized Non-Accretable Yield	'	-5,816,000
Unrecognized Accretable Yield	-1,072,000	-2,053,000
Notes receivable	13,153,000	11,911,000
East Foothill Boulevard	'	'
Notes Receivables	'	'
Face Amount	'	5,370,000
Unrecognized Non-Accretable Yield	'	'
Unrecognized Accretable Yield	'	-1,394,000
Notes receivable	'	3,976,000
Calle Perfecto	'	'
Notes Receivables	'	'
Face Amount	'	14,410,000
Unrecognized Non-Accretable Yield	'	-5,816,000
Unrecognized Accretable Yield	'	-659,000
Notes receivable	'	$7,935,000

Notes_Payable_Summary_of_Notes

Notes Payable - Summary of Notes Payable (Detail) (USD $)

Sep. 30, 2013

Jun. 30, 2013

Dec. 31, 2012

Dec. 31, 2012

Sep. 30, 2013

Jul. 23, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 23, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Sep. 30, 2013

Rexford Industrial Realty, Inc. Predecessor

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Variable Rate Debt

Unsecured Credit Facility

RIV V - Jersey, LLC

RIV V - Jersey, LLC

RIF I Holdings, LLC

RIF I - Walnut, LLC

RIF II - Orangethorpe, LLC

RIF II - Easy Street, LLC

RIF III Holdings, LLC (Note A)

RIF III Holdings, LLC (Note B)

RIF V - Foothill, LLC

RIF V - Calle Perfecto, LLC

RIF V - Arroyo, LLC

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Term Loan

RIF I Holdings, LLC

RIF V - Glendale Commerce Center, LLC

RIF V - Glendale Commerce Center, LLC

RIF I - Mulberry, LLC

RIF II Holdings, LLC

RIF IV Holdings, LLC

RIF V - Grand Commerce Center, LLC

RIF V - Vinedo, LLC

RIF V - MacArthur, LLC

RIF V - Campus, LLC

RIF V - Golden Valley, LLC

RIF V - Cornerstone Portfolio

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Rexford Industrial Realty, Inc. Predecessor

Revolving Credit Facility

RIV V - Jersey, LLC

RIF I Holdings, LLC

RIF I - Walnut, LLC

RIF II - Orangethorpe, LLC

RIF II - Easy Street, LLC

RIF III Holdings, LLC (Note A)

RIF III Holdings, LLC (Note B)

RIF V - Foothill, LLC

RIF V - Calle Perfecto, LLC

RIF V - Arroyo, LLC

RIF I Holdings, LLC

RIF I - Mulberry, LLC

RIF II Holdings, LLC

RIF IV Holdings, LLC

RIF V - Grand Commerce Center, LLC

RIF V - Vinedo, LLC

RIF V - MacArthur, LLC

RIF V - Campus, LLC

RIF V - Golden Valley, LLC

RIF V - Cornerstone Portfolio

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable including mortgage loans associated with real estate held for sale

$122,857,000

$351,300,000

$316,109,000

$316,109,000

$5,232,000

[1]

$5,300,000

'

'

'

'

'

'

'

'

'

$5,355,000

[1]

$41,238,000

$11,350,000

$4,451,000

$5,310,000

$78,338,000

$410,000

$2,542,000

$5,429,000

$3,000,000

$60,000,000

[2]

'

$42,750,000

$42,800,000

'

'

'

'

'

'

'

'

'

$7,605,000

$5,978,000

$40,152,000

$67,136,000

$6,000,000

$3,470,000

$5,475,000

$3,360,000

$2,900,000

$16,610,000

$14,875,000

Less: Mortgage Loans Associated with Real Estate Held for Sale

'

'

-13,279,000

-13,279,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable

$122,857,000

'

'

$302,830,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maturity Date

'

'

'

'

1-Jan-15

'

31-May-14

1-Sep-13

1-Jul-13

1-Apr-14

31-Aug-14

31-Aug-14

1-Sep-14

1-Sep-14

30-Sep-14

'

'

'

'

'

'

'

'

'

'

1-Aug-19

[2]

31-May-14

1-May-16

[3]

'

20-May-14

1-Jul-13

1-Apr-13

4-Mar-14

4-Aug-14

5-Dec-14

1-Jul-15

1-Jun-15

9-Dec-14

'

'

'

'

'

'

'

'

'

'

24-Jul-16

[3]

Fixed interest rate

'

'

'

'

5.45%

[4]

'

6.13%

6.23%

5.15%

5.32%

5.60%

[5]

12.00%

[6]

4.00%

4.00%

4.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Variable interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'LIBOR + 1.90

[2]

'LIBOR + 1.00

'LIBOR + 2.00

'

'LIBOR + 2.75

'LIBOR + 3.50

'LIBOR + 4.00

'LIBOR + 2.75

'LIBOR + 2.75

'LIBOR + 2.50

'LIBOR + 2.50

'LIBOR + 2.75

'LIBOR + 2.50

'

'

'

'

'

'

'

'

'

'

'LIBOR + 1.50

[1]

Includes unamortized debt premium of $62,000 at SeptemberB 30, 2013 and $97,000 DecemberB 31, 2012.

[2]

Loan is secured by six properties and has one additional one year extension available.

[3]

Two additional one year extensions available at the borrowerbs option.

[4]

Monthly payments of interest and principal based on 30-year amortization table.

[5]

Loan bears interest at 5.60%, with the option to pay a minimum interest rate of 4.25%B per annum and to have the remaining 1.35% of the interest added to the principal outstanding.

[6]

Loan bears interest at 12.00%, with the option to pay a minimum interest rate of 6.00%B per annum and to have the remaining 6.00% of the interest accruing added to the principal outstanding.

Notes_Payable_Summary_of_Notes1

Notes Payable - Summary of Notes Payable (Parenthetical) (Detail) (USD $)	9 Months Ended
	Sep. 30, 2013		Dec. 31, 2012
Debt Instrument [Line Items]	'		'
Unamortized debt premium	$62,000		'
Fixed Rate Debt | RIV V - Jersey, LLC	'		'
Debt Instrument [Line Items]	'		'
Unamortized debt premium	$62,000		$97,000
Amortization period	'30 years		'
Fixed interest rate	5.45%	[1]	'
Fixed Rate Debt | RIF III Holdings, LLC (Note A)	'		'
Debt Instrument [Line Items]	'		'
Fixed interest rate	5.60%	[2]	'
Fixed interest rate, minimum	4.25%		'
Interest added to principal outstanding	1.35%		'
Fixed Rate Debt | RIF III Holdings, LLC (Note B)	'		'
Debt Instrument [Line Items]	'		'
Fixed interest rate	12.00%	[3]	'
Fixed interest rate, minimum	6.00%		'
Interest added to principal outstanding	6.00%		'
Variable Rate Debt | Term Loan	'		'
Debt Instrument [Line Items]	'		'
Extension period	'1 year		'
Number of properties acquired	6		'
Variable Rate Debt | RIF V - Glendale Commerce Center, LLC	'		'
Debt Instrument [Line Items]	'		'
Number of extensions	2		'
Extension period	'1 year		'
[1]	Monthly payments of interest and principal based on 30-year amortization table.
[2]	Loan bears interest at 5.60%, with the option to pay a minimum interest rate of 4.25%B per annum and to have the remaining 1.35% of the interest added to the principal outstanding.
[3]	Loan bears interest at 12.00%, with the option to pay a minimum interest rate of 6.00%B per annum and to have the remaining 6.00% of the interest accruing added to the principal outstanding.

Notes_Payable_Summary_of_Aggre

Notes Payable - Summary of Aggregate Future Minimum Payments of Debt (Detail) (USD $)	Sep. 30, 2013
Debt Instrument [Line Items]	'
Total	$122,857,000
With Out Extension Option	'
Debt Instrument [Line Items]	'
October - December 2013	31,000
2014	126,000
2015	5,013,000
2016	57,625,000
2017	'
Thereafter	60,000,000
Total	$122,795,000	[1]
[1]	Includes gross principal balance of outstanding debt before impact of $62,000 debt premium.

Notes_Payable_Summary_of_Aggre1

Notes Payable - Summary of Aggregate Future Minimum Payments of Debt (Parenthetical) (Detail) (USD $)	Sep. 30, 2013
Disclosure - Notes Payable - Summary of Aggregate Future Minimum Payments of Debt (Parenthetical) (Detail) [Line Items]	'
Unamortized debt premium	$62,000

Notes_Payable_Additional_Infor

Notes Payable - Additional Information (Detail) (USD $)

1 Months Ended

9 Months Ended

1 Months Ended

2 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

9 Months Ended

Jul. 25, 2013

Sep. 30, 2013

Jun. 30, 2013

Dec. 31, 2012

Jul. 25, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 25, 2013

Jul. 23, 2013

Jul. 25, 2013

Jul. 25, 2013

Sep. 30, 2013

Jul. 23, 2013

Sep. 30, 2013

Jul. 23, 2013

Term Loan

Term Loan

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Variable Rate Debt

Variable Rate Debt

Fixed Rate Debt

Fixed Rate Debt

Minimum

Maximum

RIF V - Glendale Commerce Center, LLC

RIF V - Glendale Commerce Center, LLC

RIV V - Jersey, LLC

RIV V - Jersey, LLC

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable including mortgage loans associated with real estate held for sale

'

$122,857,000

$351,300,000

$316,109,000

$60,000,000

'

'

'

'

'

'

'

$42,750,000

$42,800,000

$5,232,000

[1]

$5,300,000

Variable interest rate

'

'

'

'

'LIBOR plus 195

'

'

'

'

'

'LIBOR plus a margin of 135

'

'LIBOR + 2.00

'

'

'

Variable interest rate

'

'

'

'

1.95%

'

'

95.00%

'

'

1.35%

2.05%

'

'

'

'

Maturity Date

'

'

'

'

'

1-Aug-19

24-Jul-16

'

'

'

'

'

1-May-16

[2]

'

1-Jan-15

'

Unsecured revolving credit facility

'

'

'

'

'

'

'

'

200,000,000

200,000,000

'

'

'

'

'

'

Repayment of debt

303,300,000

303,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Amount Outstanding

'

'

'

'

'

'

$14,900,000

$14,900,000

'

'

'

'

'

'

'

'

[1]

Includes unamortized debt premium of $62,000 at SeptemberB 30, 2013 and $97,000 DecemberB 31, 2012.

[2]

Two additional one year extensions available at the borrowerbs option.

Operating_Leases_Future_Minimu

Operating Leases - Future Minimum Base Rate for Predecessor Under Operating Leases (Detail) (USD $)	Sep. 30, 2013
Operating Leases, Future Minimum Payments Receivable [Abstract]	'
2014	$35,266,000
2015	25,507,000
2016	17,596,000
2017	11,849,000
2018	8,215,000
Thereafter	18,779,000
Total	$117,212,000

Interest_Rate_Contracts_Additi

Interest Rate Contracts - Additional Information (Detail) (USD $)	3 Months Ended	7 Months Ended	9 Months Ended
	Sep. 30, 2012	Jul. 23, 2013	Sep. 30, 2012
Derivative [Line Items]	'	'	'
Gain on mark-to-market of interest rate swaps	$600,000	'	'
Rexford Industrial Realty, Inc. Predecessor	'	'	'
Derivative [Line Items]	'	'	'
Gain on mark-to-market of interest rate swaps	$611,000	$49,000	$1,835,000

Interest_Rate_Contracts_Summar

Interest Rate Contracts - Summary of Predecessor's Interest Rate Swap Agreements (Detail) (Interest Rate Swap, USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Derivative [Line Items]	'	'
Interest rate contracts	'	($49,000)
Rexford Industrial Fund Third Llc	'	'
Derivative [Line Items]	'	'
Effective Date	15-Nov-06	'
Termination Date	15-Mar-13	'
Interest Strike Rate	5.11%	'
Interest rate contracts	'	-49,000
Notional Amount	'	$5,000,000

Fair_Value_Measurements_Liabil

Fair Value Measurements - Liabilities that Predecessor Measures at Fair Vale on a Recurring Basis by Level within Fair Value Hierarchy (Detail) (Interest Rate Swap, USD $)	Dec. 31, 2012
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'
Interest rate contracts	$49,000
Quoted Price in Active Markets for Identical Assets and Liabilities (Level 1)	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'
Interest rate contracts	'
Significant Other Observable Inputs (Level 2)	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'
Interest rate contracts	49,000
Significant Unobservable Inputs (Level 3)	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'
Interest rate contracts	'

Fair_Value_Measurements_Carryi

Fair Value Measurements - Carrying Value and Estimated Fair Value of Predecessor's Notes Payable (Detail) (USD $)	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'	'
Notes payable, fair value	$123,002,000	'	$322,802,000
Notes payable including mortgage loans associated with real estate held for sale	122,857,000	351,300,000	316,109,000
Quoted Price in Active Markets for Identical Assets and Liabilities (Level 1)	'	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'	'
Notes payable, fair value	'	'	'
Significant Other Observable Inputs (Level 2)	'	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'	'
Notes payable, fair value	123,002,000	'	322,802,000
Significant Unobservable Inputs (Level 3)	'	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'	'
Notes payable, fair value	'	'	'

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (Chief Executive Officer, USD $)	1 Months Ended	2 Months Ended	3 Months Ended	7 Months Ended	9 Months Ended
	Jul. 23, 2013	Sep. 30, 2013	Sep. 30, 2012	Jul. 23, 2013	Sep. 30, 2012
Chief Executive Officer	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Leasing services revenue recorded	$8,000	$30,000	$38,000	$87,000	$135,000

Investment_in_Unconsolidated_R2

Investment in Unconsolidated Real Estate - Ownership Interests of Predecessor's Equity Method Investments in Real Estate and their Respective Carrying Values (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Schedule Of Equity Method Investments [Line Items]	'	'
Carrying Value	$8,982,000	$12,697,000
Roselle Street	'	'
Schedule Of Equity Method Investments [Line Items]	'	'
Ownership Interest	'	70.00%	[1]
Carrying Value	'	9,988,000	[1]
Mission Oaks Boulevard	'	'
Schedule Of Equity Method Investments [Line Items]	'	'
Ownership Interest	15.00%	'
Carrying Value	$8,982,000	$2,709,000
[1]	This is a tenancy-in-common interest in which control is shared equally with the other tenant-in-common partners. As part of the IPO, we acquired the 30% tenancy-in-common interest not previously owned by us.

Investment_in_Unconsolidated_R3

Investment in Unconsolidated Real Estate - Ownership Interests of Predecessor's Equity Method Investments in Real Estate and their Respective Carrying Values (Parenthetical) (Detail) (Roselle Street)	1 Months Ended
	Jul. 31, 2013
Roselle Street	'
Schedule Of Equity Method Investments [Line Items]	'
Acquired tenancy-in-common interest not previously owned	30.00%

Investment_in_Unconsolidated_R4

Investment in Unconsolidated Real Estate - Combined Financial Information of Predecessor's Equity Method Investment Properties (Detail) (USD $)

1 Months Ended

2 Months Ended

3 Months Ended

7 Months Ended

9 Months Ended

Jul. 23, 2013

Sep. 30, 2013

Sep. 30, 2012

Jul. 23, 2013

Sep. 30, 2012

Dec. 31, 2012

Schedule Of Equity Method Investments [Line Items]

'

'

'

'

'

'

Revenues

$2,270,000

[1]

$5,946,000

[2]

$2,433,000

[1]

$6,516,000

[1]

$3,004,000

[1]

'

Expenses

-1,928,000

[1]

-5,001,000

[2]

-1,888,000

[1]

-7,296,000

[1]

-3,545,000

[1]

'

Net income (loss)

342,000

[1]

945,000

[2]

545,000

[1]

-780,000

[1]

-541,000

[1]

'

Assets

'

61,528,000

[2]

'

'

'

71,242,000

[1]

Liabilities

'

-42,522,000

[2]

'

'

'

-42,265,000

[1]

Partners'/members' equity

'

$19,006,000

[2]

'

'

'

$28,977,000

[1]

[1]

Includes summarized financial information for properties located at 3001-3223 Mission Oaks Boulevard and 10439-10477 Roselle St.

[2]

Includes summarized financial information for our equity method investment property located at 3001-3223 Mission Oaks Boulevard.

Investment_in_Unconsolidated_R5

Investment in Unconsolidated Real Estate - Additional Information (Detail) (USD $)	1 Months Ended	2 Months Ended	3 Months Ended	7 Months Ended	9 Months Ended	1 Months Ended
	Jul. 23, 2013	Sep. 30, 2013	Sep. 30, 2013	Jul. 23, 2013	Sep. 30, 2013	Jul. 31, 2013	Jul. 31, 2013	Jul. 23, 2013
						Roselle Street	Operating Partnership	Operating Partnership
Schedule Of Equity Method Investments [Line Items]	'	'	'	'	'	'	'	'
Acquired tenancy-in-common interest not previously owned	'	'	'	'	'	30.00%	'	'
Issuance of Operating Partnership Units	'	'	'	'	'	'	2,828	3,697,086
Management, leasing and development fees payable	$24,000	$86,000	$116,000	$218,000	$134,000	'	'	'
Management, leasing and development fees	$0	$222,000	$83,000	$430,000	$96,000	'	'	'

Stockholders_Equity_Additional

Stockholder's Equity - Additional Information (Detail) (USD $)

2 Months Ended

7 Months Ended

2 Months Ended

9 Months Ended

2 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

7 Months Ended

Sep. 30, 2013

Jul. 23, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 25, 2013

Sep. 30, 2013

Jul. 25, 2013

Aug. 21, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 31, 2013

Jul. 23, 2013

Sep. 30, 2013

Jul. 23, 2013

2013 Incentive Award Plan

2013 Incentive Award Plan

2013 Incentive Award Plan

2013 Incentive Award Plan

IPO

IPO

IPO

Private Placement

Operating Partnership

Operating Partnership

Operating Partnership

Formation Transactions1

Installment

Non-employee Director

Noncontrolling Interest

Issuance of common stock, shares

'

'

'

'

'

'

16,000,000

451,972

16,451,972

'

'

'

'

'

Issuance of common stock, net of offering costs

$206,309,000

'

'

'

'

'

'

'

$206,100,000

'

'

'

'

'

Shares issued in Private Placement

'

'

'

'

'

'

'

'

'

3,358,311

'

'

'

'

Proceeds from private placement

47,016,000

'

'

'

'

'

'

'

'

47,000,000

'

'

'

'

Issuance of Operating Partnership Units

'

'

'

'

'

'

'

'

'

'

2,828

3,697,086

'

'

Exchange of Predecessor's equity for common stock, shares

'

4,947,558

'

'

'

'

'

'

'

'

'

'

'

4,947,558

Operating partnership units held by noncontrolling interests

'

'

'

'

'

'

'

'

'

'

'

'

3,697,086

'

Noncontrolling interest percentage ownership in Operating Partnership

'

'

'

'

'

'

'

'

'

'

'

'

13.00%

'

Common stock and/or LTIP units granted

'

'

'

'

2,272,689

'

'

'

'

'

'

'

'

'

Number of restricted shares granted

'

'

912,517

'

'

2,858

'

'

'

'

'

'

'

'

Vesting period

'

'

4

'

'

'

'

'

'

'

'

'

'

'

Vesting description

'

'

'These awards will vest in four equal, annual installments on each of the first four anniversaries of the date of grant.

'

'

'These awards will vest in equal one-third installments on each of the first, second and third anniversaries of the grant date, subject to continued service on our board of directors through the applicable vesting date.

'

'

'

'

'

'

'

'

Recognized compensation expense related to restricted common stock

'

'

382,000

'

'

'

'

'

'

'

'

'

'

'

Forfeiture rate for non-vested restricted stock

'

'

69.40%

69.40%

'

'

'

'

'

'

'

'

'

'

Unrecognized compensation expense related to non-vested shares

'

'

$3,400,000

$3,400,000

'

'

'

'

'

'

'

'

'

'

Weighted average remaining vesting period

'

'

'

'28 months

'

'

'

'

'

'

'

'

'

'

Earnings_Per_Share_Computation

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) (USD $)	2 Months Ended	7 Months Ended
	Sep. 30, 2013	Jul. 23, 2013
Numerator:	'	'
Net income	$295,000	($4,281,000)
Net (income) loss attributable to noncontrolling interests	-39,000	'
Allocation of net income to participating unvested restricted common stock	-9,000	'
Numerator for basic and diluted net income available to common stockholders	$247,000	'
Denominator:	'	'
Weighted average shares of common stock outstandingbbasic and diluted	24,574,432	'
Basic earnings per share:	'	'
Net income attributable to common stockholders per share - basic	$0.01	'
Diluted earnings per share:	'	'
Net income attributable to common stockholders per share - diluted	$0.01	'

Earnings_Per_Share_Computation1

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share - Additional Information (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013
Earnings Per Share Diluted [Line Items]	'
Common Stock, Dividends, Per Share, Declared	$0
Common Stock, Dividends, Per Share, Cash Paid	$0

Predecessor_Equity_Additional_

Predecessor Equity - Additional Information (Detail) (USD $)	1 Months Ended		2 Months Ended		9 Months Ended
	Jul. 23, 2013	Jan. 31, 2013	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013
Equity [Line Items]	'	'	'	'	'
Equity interest granted to employees	'	'	'	9.00%	'
Additional equity interest granted	'	2.00%	'	'	'
Fair value of equity interest	'	'	'	'	$1,000,000
Performance-based equity interest, vesting period	'	'	'	'	'7 years
Equity based compensation expense	$899,000	'	$382,000	'	$985,000
RIF I - Walnut, LLC	'	'	'	'	'
Equity [Line Items]	'	'	'	'	'
Noncontrolling interest percentage ownership in Operating Partnership	'	'	'	27.76%	'
Number of investors included in noncontrolling interest	'	'	'	10	'
RIF IV - Burbank, LLC	'	'	'	'	'
Equity [Line Items]	'	'	'	'	'
Noncontrolling interest percentage ownership in Operating Partnership	'	'	'	3.23%	'
Number of investors included in noncontrolling interest	'	'	'	1	'

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (Subsequent Event, USD $)	1 Months Ended
In Millions, unless otherwise specified	Nov. 08, 2013	Nov. 01, 2013	Oct. 28, 2013
	Buildings	Buildings
	acre	acre
	sqft	sqft
Subsequent Event [Line Items]	'	'	'
Contract price to acquire property	$10.60	$12.70	'
Number of buildings acquired	6	4	'
Area of real estate property acquired	120,313	115,760	'
Acres of land	6.9	9.13	'
Cash paid in connection with formation transaction	'	'	32.1
Operating partnership units to pre-IPO	'	'	21.1
Canceling of restricted stock grants	'	'	11
First mortage	'	'	'
Subsequent Event [Line Items]	'	'	'
Assumption of First Mortgage Loan	3.3	'	'
Second mortage	'	'	'
Subsequent Event [Line Items]	'	'	'
Proceeds From Revolving Credit Facility	$7.30	'	'