LXP Board Initiates Strategic Alternatives Review Including Sale or Merger

LXP Industrial Trust

Board will consider sale, merger, other business combinations; no set timetable.
BofA Securities, Evercore, Wells Fargo retained as financial advisors; Paul Hastings as legal counsel.
Review follows transformation into a single-tenant industrial REIT over the past five years.
Recent Dec. 2021 acquisitions: 95.5% stake in 420-acre Phoenix land, 80% stake in 70-acre Indianapolis land.

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