Australia's Dexus Property Group plans to rebalance its portfolio by selling industrial properties it owns in other parts of the U.S. to buy warehouses and distribution facilities located on the U.S. West Coast. "What we're looking to do is replicate what we do in Australia, and that is to get a couple of key markets where we can concentrate our focus and have the majority of our assets, the majority of our tenants and the majority of our human capital are all in those key locations," CEO Victor Hoog Antink says.

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