Lexington Executes 12-State, $726M Portfolio Disposition with Davidson Kempner JV
New York-based Lexington Realty Trust disposed of a portfolio of 21 properties across the U.S. to a joint venture between affiliates of Davidson Kempner Capital Management LP (DKCM) and Lexington for $726 million. The 12-state transaction was completed at GAAP and cash capitalization rates of 8.6% and 8.1%, respectively. Lexington’s T. Wilson Eglin says, “This …
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