Rexford Industrial Realty, Inc. (REXR)
ASIA In China: Most major product groups grew, except for mobile handsets and textiles, further solidifying China’s robust recovery from COVID. In Japan: The government raised its alert for the strain on the medical system to the highest of four levels and experts warned of serious consequences if the current trends did not reverse course soon. REIT Focus: Keppel launched a second data center fund, which will focus on investing in fast-growing data center sector in Asia Pacific and Europe. The Fund will be called Keppel Data Centre Fund II and has a target size of $1B. Europe In Europe: Of note, Germany continued to experience a strong expansion in manufacturing, but the services sector continued to contract amid coronavirus