SECURITIES AND EXCHANGE COMMISION
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): June 4, 2004
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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.)
One Penn Plaza, Suite 4015, New York, New York 10119-4015
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 692-7200
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Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On June 4, 2004, Lexington Corporate Properties Trust (the "Company") entered
into a joint venture agreement with Utah State Retirement Fund (the "Utah
Fund"). The joint venture will acquire single tenant office, industrial and
retail properties leased to single tenant users. The Company and the Utah Fund
expect to make equity contributions of $15 million and $35 million,
respectively. Acquisitions will be additionally funded through the use of
property specific, non-recourse mortgage financings up to 65% of acquisition
costs.
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 Financial Information and Exhibits
(a) not applicable
(b) not applicable
(c) Exhibits
10.1 Limited Partnership Agreement of Triple Net Investment
Company LLC dated as of June 4, 2004.
99.1 Press release issued by the Company dated June 15, 2004,
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 hereunto duly authorized.
By: Lexington Corporate Properties Trust
June 15, 2004 By:/s/ Patrick Carroll
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Patrick Carroll
Chief Financial Officer