LXP sells two development projects for $175M, launches $150M tender offer for 2028 notes

LXP Industrial Trust

Sold 2,138,640 sq ft in Ocala, FL and Indianapolis, IN for $175M gross, $29M above June 30, 2025 book value.
Expects net proceeds of ~$151M after minority distributions and costs; proceeds used for debt repayment and general corporate purposes.
Commenced tender offer for up to $150M of its outstanding $300M 6.75% Notes due 2028; early tender premium of $30 per $1,000.
Tender offer expires Oct 30, 2025; early tender deadline Oct 15, 2025. Settlement dates: Oct 20 and Nov 3, 2025.
Combined asset sale and debt tender reduce leverage and recycle capital; LXP notes REIT strategy unchanged.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.