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Lexington Continues to Acquire LSAC Shares

NEW YORK CITY-The company, which increased ownership in LSAC earlier this month to 61%, has taken more LSAC shares bringing its current total to 76.2%.

By Katie Hinderer | Updated on November 20, 2006

NEW YORK CITY-Lexington Corporate Properties Trust, which almost doubled its holdings of Lexington Strategic Asset Corp. earlier in the month, has acquired additional shares of common stock totaling $14.4 million. Lexington paid $9.30 per share, the same dollar amount it paid earlier in the month.

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.

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