Lexington Realty Trust (LXP) was founded in 1973 and went public in 1993 (24 years ago). While the majority of the company's properties are free-standing buildings, a few of the buildings (3.8% of ABR) are multi-tenant. It owns a diversified portfolio of 188 properties across 40 U.S. states.
Recently, I added LAND to the Intelligent REIT Lab, and the Monthly Dividend Portfolio. A few days ago, I was in Washington, DC, and I meet up with Gladstone’s CEO, David Gladstone. I decided to provide readers with this interview, in which I included several questions from readers and followers.
Back in May (2015), Apple Hospitality (NYSE:APLE) began trading on the New York Stock Exchange. Previously structured as a non-traded REIT and in connection with the listing, APLE said it commenced a modified Dutch auction tender offer to purchase up to $200 million of its common shares.