Filed by Lexington Corporate
                                            Properties Trust
                                            Pursuant to Rule 425 under the
                                            Securities Act of 1933 and
                                            Rule 14(a)-6 under the
                                            Securities Exchange Act of
                                            1934

                                            Subject Company: Lexington Corporate
                                            Properties Trust
                                            Commission File No.: 1-12386



                                                                November 9, 2001





Dear Shareholder:

We recently mailed you material relative to the proxy solicitation of the
shareholders regarding the proposed transaction with Net 1 L.P. and Net 2 L.P.
As of this writing, our records indicate that we have not yet received your
signed proxy card. We invite you to vote on the proposals because it is
important that your interests in Lexington be represented.

In the event that the original proxy card has been misplaced, we are enclosing
for your use a duplicate card and return envelope. You may also vote your proxy
via telephone or by using the internet as directed in the enclosed voting
instruction form. If needed, additional copies of the original material may be
obtained from the solicitation agent, Mellon Investor Services, at (800)
279-1247.

                                                            Sincerely,

                                                            /s/ Paul R. Wood
                                                            ------------------
                                                            Paul R. Wood
                                                            Secretary





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Lexington, Net 1 and Net 2 have filed a Joint Consent Proxy Solicitation
Statement/Prospectus and other relevant documents concerning the proposed
transaction with the Securities and Exchange Commission. WE URGE INVESTORS TO
READ THE JOINT CONSENT AND PROXY SOLICITATION STATEMENT/PROSPECTUS AND ANY OTHER
RELEVANT DOCUMENTS FILED WITH THE COMMISSION BECAUSE THEY CONTAIN IMPORTANT
INFORMATION. Investors are able to obtain free copies of these documents at the
Commission's website at www.sec.gov.


INVESTORS AND STOCKHOLDERS SHOULD READ THE JOINT CONSENT AND PROXY SOLICITATIONS
STATEMENT/PROSPECTUS CAREFULLY BEFORE MAKING A DECISION CONCERNING THE PROPOSED
TRANSACTION.
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