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About
Lexington Realty Trust is a real estate investment trust, which invests, owns and manages commercial properties. The company engages is the acquisition, ownership and management of portfolios of single-tenanted office, industrial and retail properties. Substantially all of these properties are subject to triple net or similar leases, where the tenant bears all or substantially all of the costs and cost increases for real estate taxes, utilities, insurance and ordinary repairs. Its assets consist of general purpose, efficient, single-tenant net-leased office and industrial assets, in well-located and growing markets. The company also provides investment advisory and asset management services to investors in the net lease area. Lexington Realty Trust was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY. | |||
Description
Lexington Realty Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States. It also provides investment advisory and asset management services to institutional investors in the net lease area. As of June 30, 2005, the company operated 185 properties and managed 2 properties. Lexington Realty Trust has elected to qualify as a REIT for federal income tax purposes. As a REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. The company was founded in 1991 and is based in New York City. |