trending Market Intelligence /marketintelligence/en/news-insights/trending/zehshkvvsnQLQ2Mn7PYYmg2 content esgSubNav
In This List

Lexington Realty Trust funds Ala. property construction

Blog

Funding Social and Affordable Housing: A Credit Perspective

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model


Lexington Realty Trust funds Ala. property construction

LexingtonRealty Trust agreed to fund the construction of an industrialfacility in Opelika, Ala., following the end of the first quarter.

The maximum commitment is $37.0 million, and the propertywill be net leased for a 25-year term upon completion.

During the quarter, the company sold about $58 million ofconsolidated properties. Subsequent to quarter-end, it sold its 15 West 45thSt. land investment in New York City for gross proceeds of $37.5 million. Inconnection with the sale, the buyer assumed the $29.2 million mortgage.

It also sold an office property in Lake Forest, Calif., inMay for $19.0 million in gross proceeds.