513,734 square feet - lexington realty trust · commercial properties net leased to major...
TRANSCRIPT
Lexington Realty Trust (NYSE:LXP) is a
leading investor in single - tenant
commercial properties net leased to
major corporations. Lexington and its
affiliates own properties leased to
numerous small, medium and large
companies operating in a broad range
of industries including energy, finance,
insurance, technology, automotive,
healthcare, telecommunications, retail,
media, consumer products, aerospace
and defense. Lexington’s geographically
diverse portfolio allows it to structure
and underwrite investments nationwide.
Our organization has been in the
business of investing in single - tenant
net - lease properties since 1973.
Today, Lexington is a fully integrated,
self-administered real estate investment
trust with a nationwide portfolio and
management team that has a unique
skill set in corporate facility finance.
The business experience and
knowledge of Lexington’s management
in the key areas of acquisitions, capital
markets, finance, credit analysis,
leasing, asset management and
capital recycling is the foundation for
its future success.
Lexington is the market leader in
providing owner/users with creative
financial and occupancy solutions in its
core areas of expertise: sale-leaseback
financing and build-to-suit transactions.
DRAFTFCB REGIONAL HEADQUARTERS101 EAST ERIE STREET, CHICAGO, IL 20-STORY OFFICE BUILDING230,684 SQUARE FEET
LXP
OCE NORTH AMERICA, INC.5600 BROKEN SOUND BLVD, BOCA RATON, FL3-STORY OFFICE BUILDING136,789 SQUARE FEET
ASICS AMERICA CORPORATION BUILD TO SUITBYHALIA, MSWAREHOUSE/DISTRIBUTION FACILITY513,734 SQUARE FEET
CORPORATE SALE-LEASEBACK
Lexington is a market leader in providing
corporations with capital through sale -
leaseback transactions. In a sale-leaseback
transaction, a corporation frees up capital
to invest in its core business by selling a
property to Lexington while maintaining
long-term use of the asset by entering into
a net lease. Sale-leaseback transactions
have numerous benefits for corporations.
In addition to creating liquidity,
sale-leaseback transactions move real
estate assets and related liabilities off
the balance sheet.
BUILD-TO-SUITS &FORWARD PURCHASECOMMITMENTS
Lexington is an active financier and
acquirer of properties built to suit the
needs of corporate tenants. Lexington
participates in the development of these
types of properties by advancing funds
during the construction period as a joint
venture investor or by agreeing to
purchase the property upon completion
of construction and occupancy by the
tenant. Lexington’s commitment to
purchase, backed by its multi-billion
dollar balance sheet, facilitates the
arrangement of construction financing
for its merchant builder clients.
DIRECT PURCHASE
Lexington buys single -tenant net -leased
properties subject to long-term net
leases. Transactions can be all cash or
subject to existing financing.
FINANCING ALTERNATIVES
Lexington offers mezzanine financing,
first -mortgage financing and construction
financing to owners and developers of
single -tenant properties.
“Lexington�is�a�fully integrated, self-administered�real estateinvestment trust with�a�nationwide�portfolio�and�management
that�has�a�unique�skill�set�in�corporate�facility�finance”
KELSEY-SEYBOLD CLINIC11555 UNIVERSITY BLVD, SUGARLAND, TX3-STORY MEDICAL OFFICE BUILDING72,683 SQUARE FEET WITH EXPANSION CAPABILITY OF UP TO 75,000 SQUARE FEET
TAX DEFERRED EXIT STRATEGIES
Lexington is an "UPREIT", holding a
portion of its properties in subsidiary
operating partnerships. An owner may
be able to defer capital gains taxes by
contributing a single tenant property to
one of these partnerships in exchange
for partnership units. The partnership
units generally pay a dividend equal to
Lexington's common share dividend and
are generally convertible to common
shares on a one-for-one basis. Property
for partnership unit exchanges are
preferable to direct ownership as they
afford investors the opportunity to own
part of a diversified portfolio instead of
a single property. In addition, liquidity
is easy to realize because Lexington
shares are traded on the New York
Stock Exchange.
CORPORATE FACILITY MANAGEMENT
A joint venture between Lexington Realty
Trust and Means-Knaus Partners,
Lexington MKP Management L.P.
provides property management and
construction management services
nationwide.
CO-INVESTMENT PROGRAMS &ADVISORY SERVICES
Lexington serves as an advisor
to wealthy families and
institutional investors that seek
exposure to predictable cash flows
generated by net leases through
both direct and co-investment
programs. Portfolios can be
assembled to meet specific criteria,
including asset type, lease maturity
and geographic location.
“Lexington�serves as an advisor to�wealthy�families�and�institutional�investors�that�seek�exposure�to
predictable�cash�flows�generated�by�net�leases”
ONE PENN PLAZA, SUITE 4015, NEW YORK, NY 10119-4015212.692.7200WWW.LXP.COM
FOR MORE INFORMATION, PLEASE CONTACT:RICHARD J. ROUSE OR NATASHA ROBERTS
CHICAGO | DALLAS | NEW YORK
This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy interests in any securities of Lexington Realty Trust or its affiliates. Past performanceis not a guarantee of future results. This material may contain certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under Lexington Realty Trust’scontrol, which may cause actual results, performance or achievements of Lexington Realty Trust to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those factors and risks detailed in Lexington Realty Trust’s periodic filings with the Securities and Exchange Commission. Lexington RealtyTrust undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipatedevents. Accordingly, there is no assurance that Lexington Realty Trust’s expectations will be realized. The terms “we,” “our” and “us” refer to Lexington Realty Trust or an affiliated entity, as applicable.