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Investments in Real Estate and Real Estate Under Construction (Tables)
 9 Months Ended
Sep. 30, 2013
Investments in Real Estate and Real Estate Under Construction [Abstract]  
Schedule of Acquired Properties
The Company, through property owner subsidiaries, completed the following acquisition and build-to-suit transactions during the nine months ended September 30, 2013:
Property Type
Location
Acquisition/Completion Date
Initial Cost Basis
Lease Expiration
Land and Land Estate
 
Building and Improvements
 
Lease in-place Value Intangible
Industrial
Long Island City, NY
February 2013
$
42,124

03/2028
$
—

 
$
42,124

 
$
—

Industrial
Houston, TX
March 2013
$
81,400

03/2038
$
15,055

 
$
57,949

 
$
8,396

Office
Denver, CO(1)
April 2013
$
34,547

04/2028
$
2,207

 
$
26,724

 
$
5,616

Retail
Tuscaloosa, AL(2)
May 2013
$
8,397

05/2028
$
2,793

 
$
5,604

 
$
—

 
 
 
$
166,468

 
$
20,055

 
$
132,401

 
$
14,012


(1)
The Company incurred additional initial costs of $3,825 which are included in “Other assets” in the accompanying unaudited condensed consolidated balance sheet.
(2)
The Company incurred leasing costs of $323.
Schedule of Acquisition Development and Construction Arrangements Outstanding
As of September 30, 2013, the Company had the following development arrangements outstanding:
Location
Property Type
Square Feet
 
Expected Maximum Commitment/Contribution ($ millions)
 
Lease Term (Years)
 
Estimated Completion Date
 
Capitalization
Rate (1)
Rantoul, IL
Industrial
813,000

 
$
42.6

 
20
 
4Q 13
 
8.0
%
Bingen, WA
Industrial
124,000

 
$
18.9

 
12
 
2Q 14
 
10.7
%
Las Vegas, NV
Industrial
180,000

 
$
29.6

 
20
 
3Q 14
 
7.3
%
Albany, GA
Retail
46,000

 
$
7.5

 
15
 
4Q 13
 
9.0
%
Richmond, VA
Office
279,000

 
$
98.6

 
15
 
3Q 15
 
8.0
%
 
 
1,442,000

 
$
197.2

 
 
 
 
 
 
Business Acquisition, Pro Forma Information
The information presented below is not necessarily indicative of what the actual results of operations would have been had the transaction been completed on January 1, 2012, nor does it purport to represent the Company's future operations:
 
 
Three Months Ended September 30, 2012
 
Nine Months Ended September 30, 2012
Gross revenues
 
$
92,035

 
$
271,258

Net income (loss) attributable to Lexington Realty Trust shareholders
 
$
916

 
$
(5,552
)
Net loss attributable to common shareholders
 
$
(3,737
)
 
$
(23,906
)
Net loss per common share - basic and diluted
 
$
(0.02
)
 
$
(0.15
)