UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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The Securities Exchange Act of 1934
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Item 7.01 Regulation FD Disclosure.
On February 8, 2022, LXP Industrial Trust, or the Trust, issued a press release announcing that its Board of Trustees has initiated a review of the Trust’s strategic alternatives. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
In December 2021 and in addition to other transaction activity, (1) the Trust acquired (i) a 95.5% ownership interest in a newly-formed consolidated joint venture that owns an approximately 420-acre developable land parcel in the Phoenix, Arizona market and (ii) an 80% ownership interest in a newly-formed consolidated joint venture that owns an approximately 70-acre developable land parcel in the Indianapolis, Indiana market; and (2) the Trust’s joint venture subdivided the 84-acre parcel of developable land known as the ETNA Park 70 East project into (i) a 63-acre land parcel that was distributed to a newly-formed consolidated joint venture in which the Trust has a 95% interest and which is currently under development, and (ii) a 21-acre developable land parcel retained by the existing joint venture.
The information furnished pursuant to this “Item 7.01 - Regulation FD Disclosure”, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing made by us under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in any such filing, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Press Release issued February 8, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: February 8, 2022 | By: | /s/ Beth Boulerice |
| Beth Boulerice | ||
| Chief Financial Officer | ||