---
schema_version: "secwatch.filing_event.v1"
accession: "0001539497-22-000011"
form_type: "8-K"
ticker: "LXP"
cik: "0000910108"
company_name: "LXP Industrial Trust"
filed_at: "2022-01-03T23:59:59+00:00"
generated_at: "2026-06-27T21:34:51.698300+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# LXP Industrial Trust recapitalizes 22-property portfolio via $550M JV with Davidson Kempner

## Summary
- LXP sold 22 special purpose industrial assets to a new JV with Davidson Kempner for $550M; retains 20% equity interest.
- Estimated net proceeds of ~$487M; to repay credit line ($340M) and fund warehouse/distribution investments.
- JV obtained $381M non-recourse mortgage at SOFR+245bps (2-yr term + 3 one-yr extensions); assumed $26M existing debt.
- Pro forma warehouse/distribution exposure rises to 93% of gross book value (from ~16% at YE 2015).
- LXP entitled to acquisition, asset management, leasing fees and a promoted-interest incentive; $250M additional equity commitment for future acquisitions.

## SEC filing metadata
- accession: 0001539497-22-000011
- form_type: 8-K
- ticker: LXP
- cik: 0000910108
- company_name: LXP Industrial Trust
- filed_at: 2022-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910108/000153949722000011/0001539497-22-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910108/000153949722000011/n2288-x16_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-22-000011
- JSON: https://secwatch.observer/filing/0001539497-22-000011.json
- Plain text: https://secwatch.observer/filing/0001539497-22-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.