- There’s an interesting paradigm of Green Acres in the REIT world.
- Many of the New York-focused REITs are living the glamour life.
- I don’t know about you, but I like farm living, especially when it comes to dividend investing.
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.
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.