Lexington Strategic Asset Corp.
This latest share acquisition brings Lexington's ownership in the company to 76.2%. At the end of October the company only owned 32% of the LSAC shares, first increasing that number to 61% at the beginning of the month.
Currently, LSAC owns 14 properties and one mortgage loan, for roughly $179 million.
In other company news, shareholders are scheduled to vote today on Lexington's proposed merger with Newkirk Realty Trust Inc. as reported by GlobeSt.com. The value of the merger is estimated at $4.6 billion and will include 350 properties totaling 57 million sf. The merger was first made public in July.
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