Lexington Realty disposes of more assets

• Continuing to execute on its plan to reduce exposure to short-term leases and exiting office markets where the company doesn't have a significant presence, Lexington Realty Trust (NYSE:LXP) sells one office property in Boston and two industrial assets, one in Iowa and one in Tennessee.
• Total gross procees were $49.6M, and the weighted-average cap rate was 7.6%. About $21.1M of mortgage debt was paid off at the sales.
• Source: Press Release