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Rexford Industrial Realty Elects Peter Schwab To Board Of Directors

March 03, 2014, 07:23 AM
Filed Under: Industry News

Rexford Industrial Realty, a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced that Peter Schwab has been elected as an independent director to the Company’s Board of Directors.

“I am extremely pleased to welcome Peter to our Board. Peter brings a wealth of experience to Rexford Industrial, particularly with respect to financing and corporate management, and complements the significant expertise and experience of our current Board members,” said Richard S. Ziman, Chairman of Rexford Industrial.

Schwab is a 39-year veteran of the lending industry. He retired in 2011 as Chairman and CEO of Wells Fargo Capital Finance, a leading provider of traditional asset-based lending and other specialized senior secured financing vehicles to companies nationwide. Schwab was a member of Wells Fargo Bank’s Management Committee. He served in various senior roles with Wells Fargo Capital Finance and predecessor entities (including Foothill Capital Corporation) during his 28-year tenure with the organization. Mr. Schwab currently serves on the Board of Directors of TCP Capital Corp. (NASDAQ:TCPC), a public registered investment company, as well as the boards of several private companies and educational, health, arts, and industry not-for-profit organizations. He earned his bachelor’s degree in education from California State University, Northridge and his master’s degree in education administration from California State University, Los Angeles.

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California in-fill markets. The Company owns interests in 71 properties with approximately 7.7 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.

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