8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

Current Report Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): June 12, 2007

LEXINGTON REALTY TRUST
(Exact Name of Registrant as Specified in Its Charter)
Maryland	1-12386	13-3717318
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)

THE LEXINGTON MASTER LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in Its Charter)
Delaware	0-50268	11-3636084
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)

One Penn Plaza, Suite 4015, New York, New York 10119-4015

(Address of Principal Executive Offices) (Zip Code)

(212) 692-7200

(Registrant's Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions

___Written communications pursuant to Rule 425 under the Securities Act (17 CFT|R 230.425)

___Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

___Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

___Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01. Entry into a Material Definitive Agreement.

On June 12, 2007, The Lexington Master Limited Partnership (the “Partnership”) entered into an Amended and Restated Limited Liability Company Agreement of Lex-Win Acquisition LLC (the “Operating Agreement”), among the Partnership, VII Wells Holdings, L.L.C. (“VII Wells”) and WRT Realty, L.P. (“WRT”). The business of Lex-Win Acquisition LLC (“Lex-Win”) is to acquire, through means of a tender offer or otherwise, own, hold, sell, transfer, hypothecate and ultimately dispose of shares of Wells Real Estate Investment Trust, Inc. The membership interests in Lex-Win are equally owned by the Partnership, VII Wells and WRT. The Operating Agreement provides that Lex-Win will be the exclusive vehicle through which the members acquire interests in Wells Real Estate Investment Trust, Inc. The affairs of Lex-Win are governed by a management committee consisting of one member appointed by each of the Partnership, VII Wells and WRT. Substantially all decisions to be made by Lex-Win require the consent of all members of the management committee.

The foregoing description is qualified in its entirety by reference to the Operating Agreement, which will be attached as an exhibit to the Trust’s and the Partnership’s Quarterly Reports on Form 10-Q for the period ended June 30, 2007, which the Trust and the Partnership intend to file in August 2007.

Item 8.01. Other Events.

On June 12, 2007, the Trust announced that Lex-Win enhanced its previously announced tender offer to increase the price per share to $9.30 and to increase the number of shares of Wells Real Estate Investment Trust, Inc. being sought to 45,000,000.

The foregoing description is qualified in its entirety by reference to the press release issued June 12, 2007, which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated June 12, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Lexington Realty Trust

Date: June 18, 2007 By: /s/ T. Wilson Eglin

T. Wilson Eglin

Chief Executive Officer

Exhibit Index

99.1 Press Release dated June 12, 2007

EX-99

Exhibit 99.1

Contact: Beverly Bergman of Winthrop Realty Trust, +1-617-570-4614; or

Carol Merriman, VP Investor Relations & Corporate Development of Lexington Realty Trust,

+1-212-692-7264, cmerriman@lxp.com

FOR IMMEDIATE RELEASE

June 12, 2007

LEXINGTON REALTY TRUST AND WINTHROP REALTY TRUST ENHANCE OFFER FOR COMMON SHARES IN WELLS REAL ESTATE INVESTMENT TRUST, INC.

New York, June 12 – Lexington Realty Trust (NYSE:LXP) and Winthrop Realty Trust (NYSE:FUR) today announced that their joint tender offer being made through Lex-Win Acquisition LLC (“Lex-Win”) to acquire shares of common stock in Wells Real Estate Investment Trust, Inc. has been enhanced to increase the price per share to $9.30 and to increase the number of shares being sought to 45,000,000. In addition, a third entity unaffiliated with Lexington or Winthrop has been admitted as an equal member in Lex-Win.

Lex-Win’s offer is scheduled to expire at 5:00 p.m. New York time on June 27, 2007 unless the offer is extended. Lex-Win’s offer is being made subject to the terms and conditions set forth in, and solely through its Offer to Purchase, dated May 25, 2007, as amended by Supplement No. 1 thereto dated June 12, 2007, and the related Letter of Transmittal and any amendments or supplements thereto, and is being made to all holders of shares. Copies of Lex-Win’s Offer to Purchase, the related Letter of Transmittal and other tender offer materials may be obtained from Lex-Win’s information agent for the offer, MacKenzie Partners, Inc., (212) 929-5500 (call collect), or Toll-Free: (800) 322-2885.

This press release is neither an offer to purchase nor a solicitation of an offer to sell shares. The offer is made solely by the Offer to Purchase, dated May 25, 2007, as amended by Supplement No. 1 thereto dated June 12, 2007, and the related Letter of Transmittal and any amendments or supplements thereto, and is being made to all holders of shares. The offer is not being made to (nor will tenders be accepted from or on behalf of) holders of shares in any jurisdiction in which the making of the offer or the acceptance thereof would not be in compliance with the laws of such jurisdiction.