Lexington Realty Trust and its predecessor companies have been in the business of investing in single-tenant net-lease properties since 1973. Our predecessor companies sponsored tax-oriented partnerships before we changed our focus in 1986 to forming investment programs that would provide for current income.
Two of these programs, Lepercq Corporate Income Fund L.P. and Lepercq Corporate Income Fund II L.P. were combined when Lexington Corporate Properties Trust was formed in October, 1993. Since our common shares were listed on the New York Stock Exchange our market capitalization and assets under management have grown more than twenty times.
Today, we are fully-integrated self-administered real estate investment trust with a multi-billion dollar nationwide portfolio. For more than three decades our company has been a market leader in net lease investing. Our business experience and knowledge - in the key areas of acquisitions, capital markets, finance, credit analysis, leasing, asset management and dispositions - are the foundation for our future success.