Lexington Real Estate Trust Shares Are Purchased
October 28, 2008
Lexington Realty Trust shares are being purchased by 2 other real estate investment trusts
(REIT). A total of 11.5 million shares are being acquired by Vornado Realty Trust (8 million) and Winthrop Realty Trust (3.5 million) for $5.60 per share. Lexington Realty Trust is also purchasing 3.5 million of its common shares as well. Lexington Realty Trust is a real estate venture that manages & owns a variety of real estate products which include office space, commercial/retail, and industrial properties across the United States. The Lexington Realty Trust shares have dropped 64% so far in 2008 – and the powers that be at the 2 REITs believe that they have been sold below their appropriate threshold values. If a real estate turn around should happen, these could be very wise decisions by these investment groups.
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