SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2003
LEXINGTON CORPORATE PROPERTIES TRUST
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(Exact Name of Registrant as specified in its charter)
Maryland 1-12386 13-3717318
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
355 Lexington Avenue, New York, New York 10017
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 692-7260
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On October 1, 2003 Lexington Corporate Properties Trust (the "Company") entered
into a joint venture agreement with Clarion Lion Properties Fund, LLC ("Lion
Fund"). The joint venture will acquire single tenant office, industrial and
retail properties net leased to single tenant users. The Company and the Lion
Fund will make equity contributions of $30 million and $70 million,
respectively. Property acquisitions will be additionally funded through the use
of up to $150 million in non-recourse mortgages.
The Company's subsidiary, Lexington Realty Advisors, Inc. ("LRA"), has entered
into a management agreement with the joint venture whereby LRA will receive
fees for performing services relating to the acquisition, financing and
management of the properties acquired by the joint venture.
Item 7. Financial Statements, Pro Forma Information and Exhibits.
(a) not applicable
(b) not applicable
(c) Exhibits
10.1 Limited Partnership Agreement of Lexington/Lion Venture
dated as of October 1, 2003
99.1 Press release issued by the Company dated October 2, 2003,
announcing joint venture agreement
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Lexington Corporate Properties Trust
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Registrant
October 3, 2003 By: /s/ Patrick Carroll
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Patrick Carroll
Chief Financial Officer