Real Estate Central

NEW YORK, June 2 /PRNewswire-FirstCall/ — Lexington Realty Trust
(”Lexington”) (NYSE: LXP), a real estate investment trust (REIT) focused on
single-tenant real estate investments, today announced that its
co-investment program with Inland American Real Estate Trust, Inc. closed
on the acquisition of the remaining initial two single-tenant net leased
assets from Lexington and its subsidiaries for an aggregate purchase price
of $64.8 million, including the assumption of

1.5 million non-recourse
first mortgage financing secured by one property. The two properties
contain an aggregate of 554,509 net rentable square feet, and are located
in Texas.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070205/LAM022LOGO )

Selected information about the two single tenant net leased assets is
set forth in Lexington’s Current Report on Form 8-K filed with the
Securities and Exchange Commission on February 21, 2008.

ABOUT LEXINGTON REALTY TRUST

Lexington Realty Trust is a real estate investment trust that owns,
invests in, and manages office, industrial and retail properties net-leased
to major corporations throughout the United States and provides investment
advisory and asset management services to investors in the net lease area.
Lexington shares are traded on the New York Stock Exchange under the symbol
“LXP”. Additional information about Lexington is available on-line at
http://www.lxp.com or by contacting Lexington Realty Trust, Investor Relations,
One Penn Plaza, Suite 4015, New York, New York 10119-4015.

ABOUT INLAND AMERICAN REAL ESTATE TRUST, INC.

Inland American Real Estate Trust, Inc. is a real estate investment
trust focused on acquiring and owning a diversified portfolio, including
retail, office, multi-family and industrial/distribution and hospitality
properties within the United States and Canada, either directly, or
indirectly through joint ventures, or by acquiring REITs or other “real
estate operating companies.” As of March 31, 2008, the company’s portfolio
consisted of 784 wholly owned and joint venture interests in properties,
located in 33 states for a total of approximately 35 million gross leasable
square feet. The company also owned 98 hotels totaling 14,470 rooms as of
the end of the first quarter of 2008. Inland American is one of four REITs
that are, or have been, sponsored by affiliates of The Inland Real Estate
Group of Companies, Inc. For further information regarding Inland American,
please refer to the company website at http://www.inland-american.com or contact
the following:



George A. Pandaleon, President
Inland Institutional Capital Partners Corporation (Investors)
(630)-368-2247
E-mail: pandaleon@inlandgroup.com

Joel Cunningham
The Inland Real Estate Group of Companies, Inc. (Media)
(630) 218-8000 Ext. 4897
E-mail: cunninghamj@inlandgroup.com
This release contains certain forward-looking statements which involve
known and unknown risks, uncertainties or other factors not under
Lexington’s control which may cause actual results, performance or
achievements of Lexington to be materially different from the results,
performance, or other expectations implied by these forward-looking
statements. Factors that could cause or contribute to such differences
include, but are not limited to, those discussed under the headings
“Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and “Risk Factors” in Lexington’s periodic reports filed with
the SEC, including risks related to the failure to complete the sale of any
of the two additional assets to the co-investment program. Copies of the
periodic reports Lexington files with the SEC are available on Lexington’s
website at http://www.lxp.com. Forward-looking statements, which are based on
certain assumptions and describe the Company’s future plans, strategies and
expectations, are generally identifiable by use of the words “believes,”
“expects,” “intends,” “anticipates,” “estimates,” “projects” or similar
expressions. Lexington undertakes no obligation to publicly release the
results of any revisions to those forward-looking statements which may be
made to reflect events or circumstances after the occurrence of
unanticipated events. Accordingly, there is no assurance that Lexington’s
expectations will be realized.



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Source: Real Estate Newswire