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LXP Industrial Reviews Acquisition Outreach From Activist Investor

Land & Buildings Discloses Interest To Pay $16 a Share for REIT

Pratt & Whitney leases LXP Industrial Trust’s property at 113 Wells St. in North Berwick, Maine, one of 22 buildings sold into a new joint venture with Davidson Kempner Capital Management. (CoStar)
Pratt & Whitney leases LXP Industrial Trust’s property at 113 Wells St. in North Berwick, Maine, one of 22 buildings sold into a new joint venture with Davidson Kempner Capital Management. (CoStar)

LXP Industrial Trust, a real estate investor focused on single-tenant warehouses and distribution centers, said it received a letter from Jonathan Litt’s Land & Buildings Investment Management to consider a possible acquisition offer.

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