Exhibit 99.2
Quarterly Proforma
Supplemental Reporting Data
Acquisition of Net Lease Strategic Assets Fund L.P.
June 30, 2012
LEXINGTON REALTY TRUST
PROFORMA SUPPLEMENTAL REPORTING PACKAGE
June 30, 2012
Table of Contents
Section | Page |
| |
Proforma Portfolio Data | |
Property Leases and Vacancies – Consolidated Portfolio | 3 |
Lease Rollover Schedule – Cash Basis | 10 |
Debt Maturity Schedule | 12 |
2012 Mortgage Maturities by Property Type | 13 |
2013 Mortgage Maturities by Property Type | 14 |
2014 Mortgage Maturities by Property Type | 15 |
2015 Mortgage Maturities by Property Type | 16 |
2016 Mortgage Maturities by Property Type | 17 |
Mortgages and Notes Payable | 18 |
Select Credit Metrics | 22 |
Revenue Data | 23 |
Net Lease Strategic Assets Fund Supplemental Financial Disclosure | 24 |
Top 20 Markets | 25 |
Tenant Industry Diversification | 26 |
Top 10 Tenants or Guarantors | 27 |
The following proforma supplemental reporting data is presented for informational purposes only. It combines certain property information of Lexington Realty Trust (“Lexington”) and Net Lease Strategic Assets Fund L.P. (“NLS”) as if all properties owned by NLS were consolidated by Lexington as of June 30, 2012. This Quarterly Proforma Supplemental Reporting Package 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 Securities and Exchange Commission, including risks related to: (1) any estimates made in connection with the information set forth herein, (2) the failure to continue to qualify as a real estate investment trust, (3) changes in general business and economic conditions, including the impact of the current global financial and credit crisis, (4) competition, (5) increases in real estate construction costs, (6) changes in interest rates, (7) changes in accessibility of debt and equity capital markets, including with respect to financings that Lexington is working on, or (8) future impairment charges. Copies of the periodic reports Lexington files with the Securities and Exchange Commission are available on Lexington’s web site atwww.lxp.com. Forward-looking statements, which are based on certain assumptions and describe Lexington’s future plans, strategies and expectations, are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “estimates,” “projects”, “is optimistic” 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.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012
Year of Lease Expiration | | Date of Lease Expiration | | Property Location | | City | | State | | Note | | Primary Tenant (Guarantor) | | Year Acquired/ Built/ Renovated/ Expanded | | Sq.Ft. Leased or Available (1) | | Cash Rent as of 6/30/2012 ($000) (2) | |
OFFICE PROPERTIES | |
2012 | | 8/31/2012 | | 5757 Decatur Blvd. | | Indianapolis | | IN | | — | | Damar Services, Inc. | | 2002 | | 5,756 | | | 23 | |
| | 9/30/2012 | | 4000 Johns Creek Pkwy. | | Suwanee | | GA | | — | | Kraft Foods Global, Inc. | | 2001 | | 73,264 | | | 724 | |
| | 10/31/2012 | | 4455 American Way | | Baton Rouge | | LA | | — | | BellSouth Mobility Inc | | 1997 | | 70,100 | | | 591 | |
| | 11/7/2012 | | 2706 Media Center Dr. | | Los Angeles | | CA | | — | | Playboy Enterprises, Inc. | | 2000 | | 63,049 | | | 776 | |
| | 12/31/2012 | | 200 Executive Blvd. South | | Southington | | CT | | — | | Hartford Fire Insurance Company | | 1984/2006 | | 153,364 | | | 840 | |
2013 | | 1/31/2013 | | 12600 Gateway Blvd. | | Fort Meyers | | FL | | — | | Gartner, Inc. | | 1998 | | 62,400 | | | 579 | |
| | | | 810 & 820 Gears Rd. | | Houston | | TX | | — | | IKON Office Solutions, Inc. | | 2000 | | 157,790 | | | 1,148 | |
| | 3/31/2013 | | 3165 McKelvey Rd. | | Bridgeton | | MO | | — | | BJC Health System | | 1981 | | 52,994 | | | 199 | |
| | 5/31/2013 | | 2401 Cherahala Blvd. | | Knoxville | | TN | | 3 | | AdvancePCS, Inc. / CaremarkPCS, L.L.C. | | 2002 | | 59,748 | | | 450 | |
| | 6/30/2013 | | 2210 Enterprise Dr. | | Florence | | SC | | — | | JPMorgan Chase Bank, National Association | | 1998 | | 179,300 | | | 628 | |
| | | | 420 Riverport Rd. | | Kingsport | | TN | | 3 | | Kingsport Power Company | | 1981 | | 42,770 | | | 155 | |
| | 9/30/2013 | | 9200 South Park Center Loop | | Orlando | | FL | | — | | Corinthian Colleges, Inc. | | 2003 | | 59,927 | | | 679 | |
| | 10/31/2013 | | 3943 Denny Ave. | | Pascagoula | | MS | | 3 | | Northrop Grumman Systems Corporation | | 1995 | | 94,841 | | | 319 | |
| | 11/30/2013 | | 10475 Crosspoint Blvd. | | Indianapolis | | IN | | — | | Yellow Book Sales and Distribution Company, Inc. | | 1999 | | 3,764 | | | 33 | |
| | | | 1110 Bayfield Dr. | | Colorado Springs | | CO | | — | | Honeywell International Inc. | | 1980/1990/2002 | | 166,575 | | | 815 | |
| | 12/13/2013 | | 3333 Coyote Hill Rd. | | Palo Alto | | CA | | 16 | | Xerox Corporation | | 1973/1975/1982 | | 202,000 | | | 1,749 | |
| | 12/31/2013 | | 2550 Interstate Dr. | | Harrisburg | | PA | | — | | New Cingular Wireless PCS, LLC | | 1998 | | 81,859 | | | 972 | |
2014 | | 1/31/2014 | | 1401 & 1501 Nolan Ryan Pkwy. | | Arlington | | TX | | 3 | | Siemens Dematic Postal Automation L.P. / Siemens Energy & Automation, Inc. / Siemens Shared Services, LLC | | 2003 | | 236,547 | | | 1,362 | |
| | | | 850-950 Warrenville Rd. | | Lisle | | IL | | — | | James J. Benes & Associates, Inc. | | 1984 | | 6,347 | | | 69 | |
| | 3/15/2014 | | 101 East Erie St. | | Chicago | | IL | | — | | Draftfcb, Inc. (Interpublic Group of Companies, Inc.) | | 1986 | | 212,988 | | | 2,066 | |
| | 4/30/2014 | | 12000 & 12025 Tech Center Dr. | | Livonia | | MI | | 3 | | Kelsey-Hayes Company (TRW Automotive, Inc.) | | 1987/1988/1990 | | 180,230 | | | 1,058 | |
| | 5/31/2014 | | 3476 Stateview Blvd. | | Fort Mill | | SC | | — | | Wells Fargo Bank, N.A. | | 2002 | | 169,083 | | | 1,343 | |
| | | | 3480 Stateview Blvd. | | Fort Mill | | SC | | — | | Wells Fargo Bank, N.A. | | 2004 | | 169,218 | | | 1,821 | |
| | | | 859 Mount Vernon Hwy. | | Atlanta | | GA | | 8 | | International Business Machines Corporation /Internet Security Systems, Inc. (ISS Group, Inc.) | | 2004 | | 50,400 | | | 644 | |
| | 6/30/2014 | | 70 Mechanic St. | | Foxboro | | MA | | 3 | | Invensys Systems, Inc. (Siebe, Inc.) | | 1965/1967/1971 | | 251,914 | | | 3,256 | |
| | 7/31/2014 | | 16676 Northchase Dr. | | Houston | | TX | | — | | Kerr-McGee Oil & Gas Corporation (Kerr-McGee Corporation) | | 2003 | | 101,111 | | | 835 | |
| | 9/30/2014 | | 333 Mt. Hope Ave. | | Rockaway | | NJ | | — | | BASF Corporation | | 1981/2002/2004 | | 95,500 | | | 1,122 | |
| | 10/31/2014 | | 1409 Centerpoint Blvd. | | Knoxville | | TN | | — | | Alstom Power, Inc. | | 1997 | | 84,404 | | | 856 | |
| | | | 2800 Waterford Lake Dr. | | Midlothian | | VA | | 12 | | Alstom Power, Inc. | | 2000 | | 99,057 | | | 1,066 | |
| | | | 700 US Hwy. Route 202-206 | | Bridgewater | | NJ | | — | | Biovail Pharmaceuticals, Inc. (Valeant Pharmaceuticals International, Inc.) | | 1985/2003/2004 | | 115,558 | | | 1,017 | |
| | 11/30/2014 | | 200 Lucent Ln. | | Cary | | NC | | — | | Progress Energy Service Company, LLC | | 1999 | | 124,944 | | | 1,062 | |
| | | | 850-950 Warrenville Rd. | | Lisle | | IL | | — | | Flexco, Inc. | | 1984 | | 7,535 | | | 68 | |
| | 12/14/2014 | | 22011 Southeast 51st St. | | Issaquah | | WA | | — | | Spacelabs Medical, Inc. / OSI Systems, Inc. (Instrumentarium Corporation) | | 1987 | | 95,600 | | | 1,064 | |
| | | | 5150 220th Ave. | | Issaquah | | WA | | — | | Spacelabs Medical, Inc. / OSI Systems, Inc. (Instrumentarium Corporation) | | 1992 | | 106,944 | | | 1,197 | |
| | 12/31/2014 | | 1066 Main St. | | Forest Park | | GA | | — | | Bank of America, NA (Bank of America Corporation) | | 1969 | | 14,859 | | | 100 | |
| | | | 1698 Mountain Industrial Blvd. | | Stone Mountain | | GA | | — | | Bank of America, NA (Bank of America Corporation) | | 1973 | | 5,704 | | | 48 | |
| | | | 180 South Clinton St. | | Rochester | | NY | | — | | Frontier Corporation | | 1988/2000 | | 226,000 | | | 1,478 | |
| | | | 201 West Main St. | | Cumming | | GA | | — | | Bank of America, NA (Bank of America Corporation) | | 1968/1982 | | 14,208 | | | 99 | |
| | | | 2223 North Druid Hills Rd. | | Atlanta | | GA | | — | | Bank of America, NA (Bank of America Corporation) | | 1972 | | 6,260 | | | 56 | |
| | | | 275 Technology Dr. | | Canonsburg | | PA | | — | | ANSYS, Inc. | | 1996 | | 107,872 | | | 715 | |
| | | | 400 Butler Farm Rd. | | Hampton | | VA | | — | | Nextel Communications of the Mid-Atlantic, Inc. (Nextel Finance Company) | | 1999 | | 100,632 | | | 631 | |
| | | | 4545 Chamblee – Dunwoody Rd. | | Chamblee | | GA | | — | | Bank of America, NA (Bank of America Corporation) | | 1972 | | 4,565 | | | 44 | |
| | | | 825 Southway Dr. | | Jonesboro | | GA | | — | | Bank of America, NA (Bank of America Corporation) | | 1971 | | 4,894 | | | 38 | |
| | | | 956 Ponce de Leon Ave. | | Atlanta | | GA | | — | | Bank of America, NA (Bank of America Corporation) | | 1975 | | 3,900 | | | 39 | |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012
Year of Lease Expiration | | Date of Lease Expiration | | Property Location | | City | | State | | Note | | Primary Tenant (Guarantor) | | Year Acquired/ Built/ Renovated/ Expanded | | Sq.Ft. Leased or Available (1) | | Cash Rent as of 6/30/2012 ($000) (2) | |
OFFICE PROPERTIES | |
2015 | | 1/31/2015 | | 26555 Northwestern Hwy. | | Southfield | | MI | | — | | Federal-Mogul Corporation | | 1963/1965/1988/1989 | | 187,163 | | | 579 | |
| | 3/31/2015 | | 3940 South Teller St. | | Lakewood | | CO | | 17 | | MoneyGram Payment Systems, Inc. | | 2002 | | 68,165 | | | 577 | |
| | 4/30/2015 | | 13775 McLearen Rd. | | Herndon | | VA | | — | | Equant, Inc. (Equant, NV) | | 1985/1986/1992/1999 | | 125,293 | | | 1,109 | |
| | 6/30/2015 | | 2500 Patrick Henry Pkwy. | | McDonough | | GA | | 3 | | Georgia Power Company | | 1999 | | 111,911 | | | 771 | |
| | | | 3711 San Gabriel | | Mission | | TX | | 3 | | VoiceStream PCS II Corporation / T-Mobile USA, Inc. / T-Mobile West Corporation | | 2003 | | 75,016 | | | 525 | |
| | 7/1/2015 | | 33 Commercial St. | | Foxboro | | MA | | — | | Invensys Systems, Inc. (Siebe, Inc.) | | 1982/1987 | | 164,689 | | | 3,025 | |
| | 7/31/2015 | | 4001 International Pkwy. | | Carrollton | | TX | | — | | Motel 6 Operating, LP (Accor S.A.) | | 2003 | | 138,443 | | | 1,603 | |
| | 8/31/2015 | | 2706 Media Center Dr. | | Los Angeles | | CA | | — | | Sony Electronics Inc. | | 2000 | | 20,203 | | | 105 | |
| | 9/27/2015 | | 10001 Richmond Ave. | | Houston | | TX | | — | | Baker Hughes Incorporated | | 1976 | | 554,385 | | | 6,775 | |
| | | | 12645 West Airport Rd. | | Sugar Land | | TX | | — | | Baker Hughes Incorporated | | 1997 | | 165,836 | | | 1,719 | |
| | | | 2529 West Thorne Dr. | | Houston | | TX | | 3 | | Baker Hughes, Incorporated | | 1982/1999 | | 65,500 | | | 479 | |
| | 9/30/2015 | | 500 Olde Worthington Rd. | | Westerville | | OH | | — | | InVentiv Communications, Inc. | | 2000 | | 97,000 | | | 556 | |
| | | | 550 Business Center Dr. | | Lake Mary | | FL | | — | | JPMorgan Chase Bank, National Association | | 1999 | | 125,920 | | | 943 | |
| | | | 600 Business Center Dr. | | Lake Mary | | FL | | — | | JPMorgan Chase Bank, National Association | | 1996 | | 125,155 | | | 902 | |
| | 10/31/2015 | | 12209 West Markham St. | | Little Rock | | AR | | — | | Entergy Arkansas, Inc. | | 1980 | | 36,311 | | | 119 | |
| | | | 5201 West Barraque St. | | Pine Bluff | | AR | | 3 | | Entergy Arkansas Inc. | | 1964/1972/1988 | | 27,189 | | | 96 | |
2016 | | 1/31/2016 | | 1600 Eberhardt Rd. | | Temple | | TX | | 3 | | Nextel of Texas, Inc. (Nextel Finance Company) | | 2001 | | 108,800 | | | 837 | |
| | 4/30/2016 | | 11511 Luna Rd. | | Farmers Branch | | TX | | — | | Haggar Clothing Co. (Texas Holding Clothing Corporation and Haggar Corp.) | | 2000 | | 180,507 | | | 1,154 | |
| | | | 2000 Eastman Dr. | | Milford | | OH | | — | | Siemens Corporation | | 1991 | | 221,215 | | | 1,243 | |
| | 5/31/2016 | | 1200 Jupiter Rd. | | Garland | | TX | | 3 | | Raytheon Company | | 1980 | | 278,759 | | | 753 | |
| | 7/14/2016 | | 1400 Northeast McWilliams Rd. | | Bremerton | | WA | | 3 | | Nextel West Corp. (Nextel Finance Company) | | 2002 | | 60,200 | | | 608 | |
| | 10/31/2016 | | 104 & 110 South Front St. | | Memphis | | TN | | — | | Hnedak Bobo Group, Inc. | | 1871/1980/1988/1999 | | 37,229 | | | 259 | |
| | 12/31/2016 | | 2050 Roanoke Rd. | | Westlake | | TX | | — | | TD Auto Finance LLC | | 2001 | | 130,290 | | | 1,287 | |
2017 | | 3/31/2017 | | 1701 Market St. | | Philadelphia | | PA | | 4 | | Car-Tel Communications, Inc. | | 1957/1997 | | 1,220 | | | 26 | |
| | 4/30/2017 | | 1315 West Century Dr. | | Louisville | | CO | | — | | Global Healthcare Exchange, Inc. (Global Healthcare Exchange, LLC) | | 1987/2006 | | 106,877 | | | 811 | |
| | 9/30/2017 | | 9201 East Dry Creek Rd. | | Centennial | | CO | | — | | The Shaw Group, Inc. | | 2001/2002 | | 128,500 | | | 1,163 | |
| | | | 750 N. Commons Dr. | | Aurora | | IL | | 17 | | Westell, Inc. (Westell Technologies, Inc.) | | 1996 | | 210,230 | | | 1,004 | |
| | 11/30/2017 | | 6200 Northwest Pkwy. | | San Antonio | | TX | | — | | United HealthCare Services, Inc. / PacifiCare Healthsystems, LLC | | 2000 | | 142,500 | | | 891 | |
| | 12/31/2017 | | 100 East Shore Dr. | | Glen Allen | | VA | | — | | Capital One, National Association | | 1999 | | 68,118 | | | 609 | |
2018 | | 1/31/2018 | | 5757 Decatur Blvd. | | Indianapolis | | IN | | 5 | | Allstate Insurance Company | | 2002 | | 84,200 | | | 687 | |
| | 3/14/2018 | | 601 & 701 Experian Pkwy. | | Allen | | TX | | — | | Experian Information Solutions, Inc. / TRW, Inc.(Experian Holdings, Inc.) | | 1981/1983 | | 292,700 | | | 1,537 | |
| | 4/30/2018 | | Sandlake Rd./Kirkman Rd. | | Orlando | | FL | | — | | Lockheed Martin Corporation | | 1982 | | 184,000 | | | 480 | |
| | 5/30/2018 | | 13651 McLearen Rd. | | Herndon | | VA | | — | | United States of America | | 1987 | | 159,644 | | | 1,622 | |
| | 5/31/2018 | | 6303 Barfield Rd. | | Atlanta | | GA | | — | | International Business Machines Corporation /Internet Security Systems, Inc. (ISS Group, Inc.) | | 2000/2001 | | 238,600 | | | 2,533 | |
| | 6/30/2018 | | 100 Barnes Rd. | | Wallingford | | CT | | — | | 3M Company | | 1978/1985/1990/1993 | | 44,400 | | | 233 | |
| | 8/31/2018 | | 3500 North Loop Rd. | | McDonough | | GA | | 3 | | Litton Loan Servicing LP | | 2007 | | 62,218 | | | 602 | |
| | 9/30/2018 | | 1701 Market St. | | Philadelphia | | PA | | 4 | | CBC Restaurant Corp. | | 1957/1997 | | 8,070 | | | 103 | |
| | 12/22/2018 | | 5200 Metcalf Ave. | | Overland Park | | KS | | — | | Swiss Re America Holding Corporation / Westport Insurance Corporation | | 1980/1990/2004/2005 | | 320,198 | | | 2,372 | |
| | 12/31/2018 | | 120 East Shore Dr. | | Glen Allen | | VA | | — | | Capital One Services, LLC | | 2000 | | 77,045 | | | 252 | |
2019 | | 1/31/2019 | | 2999 Southwest 6th St. | | Redmond | | OR | | 3 | | VoiceStream PCS I LLC (T-Mobile USA, Inc.) | | 2004 | | 77,484 | | | 771 | |
| | 4/1/2019 | | 9201 Stateline Rd. | | Kansas City | | MO | | — | | Swiss Re America Holding Corporation / Westport Insurance Corporation | | 1963/1973/1985/2003 | | 155,925 | | | 1,111 | |
| | 5/31/2019 | | 4400 Northcorp Pkway | | Palm Beach Gardens | | FL | | — | | Office Suites Plus Properties, Inc. | | 1996 | | 18,400 | | | 138 | |
| | 6/19/2019 | | 3965 Airways Blvd. | | Memphis | | TN | | — | | Federal Express Corporation | | 1982/1983/1985 | | 521,286 | | | 3,426 | |
| | 6/29/2019 | | 3265 East Goldstone Dr. | | Meridian | | ID | | 3 | | T-Mobile PCS Holdings, LLC (T-Mobile USA, Inc.) | | 2004 | | 77,484 | | | 657 | |
| | 6/30/2019 | | 275 South Valencia Ave. | | Brea | | CA | | — | | Bank of America, National Association | | 1983 | | 637,503 | | | 4,355 | |
| | 7/15/2019 | | 19019 North 59th Ave. | | Glendale | | AZ | | 3 | | Honeywell International Inc. | | 1986/1997/2000 | | 252,300 | | | 877 | |
| | 7/31/2019 | | 500 Jackson St. | | Columbus | | IN | | — | | Cummins, Inc. | | 1984 | | 390,100 | | | 2,213 | |
| | 10/31/2019 | | 10475 Crosspoint Blvd. | | Indianapolis | | IN | | — | | John Wiley & Sons, Inc. | | 1999 | | 123,416 | | | 1,080 | |
| | | | 9601 Renner Blvd. | | Lenexa | | KS | | 3 | | VoiceStream PCS II Corporation (T-Mobile USA, Inc.) | | 2004 | | 77,484 | | | 673 | |
| | 12/31/2019 | | 421 Butler Farm Rd. | | Hampton | | VA | | — | | Patient Advocate Foundation | | 2000 | | 36,484 | | | 301 | |
| | | | 850-950 Warrenville Rd. | | Lisle | | IL | | — | | National-Louis University | | 1984 | | 85,532 | | | 633 | |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012
Year of Lease Expiration | | Date of Lease Expiration | | Property Location | | City | | State | | Note | | Primary Tenant (Guarantor) | | Year Acquired/ Built/ Renovated/ Expanded | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2012 ($000) (2) | |
OFFICE PROPERTIES | |
2020 | | 1/31/2020 | | 10300 Kincaid Dr. | | Fishers | | IN | | — | | Roche Diagnostics Operations, Inc. | | 1999 | | 193,000 | | | 1,689 | |
| | 2/14/2020 | | 5600 Broken Sound Blvd. | | Boca Raton | | FL | | — | | Océ Printing Systems USA, Inc. (Oce-USA Holding, Inc.) | | 1983/2002 | | 143,290 | | | 1,136 | |
| | 6/30/2020 | | 10419 North 30th St. | | Tampa | | FL | | 3 | | Time Customer Service, Inc. (Time Incorporated) | | 1986 | | 132,981 | | | 682 | |
| | 7/8/2020 | | 1460 Tobias Gadsen Blvd. | | Charleston | | SC | | — | | Hagemeyer North America, Inc. | | 2005 | | 50,076 | | | 398 | |
| | 8/31/2020 | | First Park Dr. | | Oakland | | ME | | 3 | | Omnipoint Holdings, Inc. (T-Mobile USA, Inc.) | | 2005 | | 78,610 | | | 667 | |
| | 11/30/2020 | | 11555 University Blvd. | | Sugar Land | | TX | | 3 | | KS Management Services, LLP (St. Luke’s Episcopal Health System Corporation) | | 2005 | | 72,683 | | | 613 | |
2021 | | 1/31/2021 | | 1701 Market St. | | Philadelphia | | PA | | 4 | | Morgan, Lewis & Bockius LLP | | 1957/1997 | | 289,432 | | | 2,236 | |
| | 3/31/2021 | | 1311 Broadfield Blvd. | | Houston | | TX | | — | | Transocean Offshore Deepwater Drilling, Inc. (Transocean Sedco Forex, Inc.) | | 2000 | | 155,040 | | | 1,163 | |
| | 6/30/2021 | | 1415 Wyckoff Rd. | | Wall | | NJ | | — | | New Jersey Natural Gas Company | | 1983 | | 157,511 | | | 1,656 | |
| | 8/31/2021 | | 333 Three D Systems Circle | | Rock Hill | | SC | | — | | 3D Systems Corporation | | 2006 | | 80,028 | | | 335 | |
| | 11/30/2021 | | 29 South Jefferson Rd. | | Whippany | | NJ | | — | | CAE SimuFlite, Inc. (CAE INC.) | | 2006/2008 | | 123,734 | | | 1,196 | |
2022 | | 1/31/2022 | | 26210 and 26220 Enterprise Court | | Lake Forest | | CA | | — | | Apria Healthcare, Inc. (Apria Healthcare Group, Inc.) | | 2001 | | 100,012 | | | 568 | |
| | 6/30/2022 | | 8555 South River Pkwy. | | Tempe | | AZ | | 3 / 20 | | ASM Lithography, Inc. (ASM Lithography Holding N.V.) (2013) / DuPont Airproducts Nanomaterials L.L.C. (2022) | | 1998 | | 95,133 | | | 1,177 | |
N/A | | N/A | | 1701 Market St. | | Philadelphia | | PA | | 4 | | Parking Operators | | 1957/1997 | | 0 | | | 1,249 | |
| | Vacant | | 101 East Erie St. | | Chicago | | IL | | — | | (Available for Lease) | | 1986 | | 17,716 | | | 0 | |
| | | | 10475 Crosspoint Blvd. | | Indianapolis | | IN | | — | | (Available for Lease) | | 1999 | | 13,867 | | | 0 | |
| | | | 1701 Market St. | | Philadelphia | | PA | | 4 | | (Available for Lease) | | 1957/1997 | | 5,315 | | | 0 | |
| | | | 4000 Johns Creek Pkwy. | | Suwanee | | GA | | — | | (Available for Lease) | | 2001 | | 13,955 | | | 0 | |
| | | | 421 Butler Farm Rd. | | Hampton | | VA | | — | | (Available for Lease) | | 2000 | | 20,080 | | | 0 | |
OFFICE TOTAL/WEIGHTED AVERAGE | | | | | | | 99.5% Leased | | | | 13,555,335 | | $ | 105,783 | |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012
Year of Lease Expiration | | Date of Lease Expiration | | Property Location | | City | | State | | Note | | Primary Tenant (Guarantor) | | Year Acquired/ Built/ Renovated/ Expanded | | Sq. Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2012 ($000) (2) | |
INDUSTRIAL PROPERTIES | |
2012 | | MTM | | 191 Arrowhead Dr. | | Hebron | | OH | | — | | Owens Corning Insulating Systems, LLC | | 1999 | | 250,410 | | | 260 | |
| | 10/31/2012 | | 1601 Pratt Ave. | | Marshall | | MI | | — | | Enbridge Energy, Limited Partnership | | 1979 | | 58,300 | | | 86 | |
2013 | | 5/31/2013 | | 200 Arrowhead Dr. | | Hebron | | OH | | — | | Owens Corning Sales, LLC / Owens Corning Insulating Systems, LLC | | 2000 | | 400,522 | | | 451 | |
| | | | 2203 Sherrill Dr. | | Statesville | | NC | | — | | Ozburn-Hessey Logistics, LLC (OHH Acquisition Corporation) | | 1999/2002 | | 639,800 | | | 894 | |
| | 12/31/2013 | | 1133 Poplar Creek Rd. | | Henderson | | NC | | — | | Staples, Inc. / Corporate Express, Inc. | | 1998/2006 | | 196,946 | | | 438 | |
| | | | 120 Southeast Pkwy. Dr. | | Franklin | | TN | | 3 | | Essex Group, Inc. (United Technologies Corporation) | | 1970/1983 | | 289,330 | | | 367 | |
2014 | | 1/1/2014 | | 2415 US Hwy. 78 East | | Moody | | AL | | — | | CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) | | 2004 | | 595,346 | | | 527 | |
| | 1/31/2014 | | 109 Stevens St. | | Jacksonville | | FL | | 3 | | Wagner Industries, Inc. | | 1959/1967 | | 168,800 | | | 150 | |
| | 12/31/2014 | | 324 Industrial Park Rd. | | Franklin | | NC | | 3 | | SKF USA Inc. | | 1996 | | 72,868 | | | 228 | |
| | | | 3686 South Central Ave. | | Rockford | | IL | | — | | Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.) | | 1998 | | 90,000 | | | 202 | |
2015 | | 1/31/2015 | | 101 Michelin Dr. | | Laurens | | SC | | 7 | | CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) / Michelin North America, Inc. | | 1991/1993 | | 1,164,000 | | | 1,707 | |
| | | | 7111 Crabb Rd. | | Temperance | | MI | | 7 | | CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) / Michelin North America, Inc. | | 1978/1993 | | 744,570 | | | 1,143 | |
| | 6/30/2015 | | 1700 47th Ave North | | Minneapolis | | MN | | 3 | | Owens Corning / Owens Corning Roofing and Asphalt, LLC | | 2003 | | 18,620 | | | 312 | |
| | | | 2935 Van Vactor Dr. | | Plymouth | | IN | | 3 | | Bay Valley Foods, LLC | | 2000/2003 | | 300,500 | | | 406 | |
| | 9/27/2015 | | 9110 Grogans Mill Rd. | | The Woodlands | | TX | | 3 | | Baker Hughes, Incorporated | | 1992 | | 275,750 | | | 1,738 | |
| | 12/31/2015 | | 749 Southrock Dr. | | Rockford | | IL | | — | | Jacobson Warehouse Company, Inc. (Jacobson Distribution Company, Inc. and Jacobson Transportation Company, Inc.) | | 1992 | | 150,000 | | | 238 | |
2016 | | 2/28/2016 | | 7670 Hacks Cross Rd. | | Olive Branch | | MS | | — | | MAHLE Clevite, Inc. (MAHLE Industries, Incorporated) | | 1989 | | 268,104 | | | 477 | |
| | 3/31/2016 | | 19500 Bulverde Rd. | | San Antonio | | TX | | — | | Elsevier STM Inc. (Reed Elsevier Inc.) | | 2001 | | 559,258 | | | 1,832 | |
| | | | 2455 Premier Dr. | | Orlando | | FL | | — | | Walgreen Co. / Walgreen Eastern Co. | | 1980 | | 205,016 | | | 254 | |
| | 5/31/2016 | | 291 Park Center Dr. | | Winchester | | VA | | — | | Kraft Foods Global, Inc. | | 2001 | | 344,700 | | | 605 | |
| | 8/31/2016 | | 10590 Hamilton Ave. | | Cincinnati | | OH | | — | | The Hillman Group, Inc. | | 1991/1994/1995/2005 | | 248,200 | | | 396 | |
| | 9/30/2016 | | 900 Industrial Blvd. | | Crossville | | TN | | — | | Dana Commercial Vehicle Products, LLC | | 1989/2006 | | 222,200 | | | 342 | |
| | 11/30/2016 | | 736 Addison Rd. | | Erwin | | NY | | 3 | | Corning, Incorporated | | 2006 | | 408,000 | | | 619 | |
2017 | | 2/28/2017 | | 3456 Meyers Ave. | | Memphis | | TN | | — | | Sears, Roebuck and Co. / Sears Logistics Services | | 1973 | | 780,000 | | | 796 | |
| | 4/30/2017 | | 3600 Army Post Rd. | | Des Moines | | IA | | 3 | | HP Enterprise Services, LLC | | 2000 | | 405,000 | | | 1,453 | |
| | 6/30/2017 | | 7500 Chavenelle Rd. | | Dubuque | | IA | | — | | The McGraw-Hill Companies, Inc. | | 2001 | | 330,988 | | | 608 | |
| | 9/30/2017 | | 250 Swathmore Ave. | | High Point | | NC | | — | | Steelcase Inc. | | 2002 | | 244,851 | | | 549 | |
| | 10/31/2017 | | 1420 Greenwood Rd. | | McDonough | | GA | | — | | Versacold USA, Inc. | | 2000/2007 | | 296,972 | | | 1,322 | |
| | | | 43955 Plymouth Oaks Blvd. | | Plymouth | | MI | | — | | Tower Automotive Operations USA I, LLC / Tower Automotive Products Inc. (Tower Automotive, Inc.) | | 1996/1998 | | 290,133 | | | 943 | |
2018 | | 6/30/2018 | | 1650-1654 Williams Rd. | | Columbus | | OH | | — | | ODW Logistics, Inc. | | 1973 | | 772,450 | | | 674 | |
| | 9/30/2018 | | 50 Tyger River Dr. | | Duncan | | SC | | — | | Plastic Omnium Auto Exteriors, LLC | | 2005/2007/2008 | | 221,833 | | | 479 | |
| | | | 904 Industrial Rd. | | Marshall | | MI | | 3 | | Tenneco Automotive Operating Company, Inc. (Tenneco, Inc.) | | 1968/1972/2008 | | 246,508 | | | 382 | |
2019 | | 4/30/2019 | | 113 Wells St. | | North Berwick | | ME | | — | | United Technologies Corporation | | 1965/1980 | | 972,625 | | | 768 | |
| | 10/17/2019 | | 10345 Philipp Pkwy. | | Streetsboro | | OH | | — | | L'Oreal USA S/D, Inc. (L’Oreal USA, Inc.) | | 2004 | | 649,250 | | | 1,259 | |
2020 | | 3/31/2020 | | 2425 Hwy. 77 North | | Waxahachie | | TX | | — | | James Hardie Building Products, Inc. (James Hardie NV & James Hardie Industries NV) | | 1996/2001 | | 335,610 | | | 1,700 | |
| | 5/31/2020 | | 359 Gateway Dr. | | Lavonia | | GA | | 3 | | TI Group Automotive Systems, LLC (TI Automotive Ltd.) | | 2005 | | 133,221 | | | 600 | |
| | 6/30/2020 | | 3102 Queen Palm Dr. | | Tampa | | FL | | — | | Time Customer Service, Inc. (Time Incorporated) | | 1986 | | 229,605 | | | 643 | |
| | 9/30/2020 | | 3350 Miac Cove Rd. | | Memphis | | TN | | — | | Mimeo.com, Inc. | | 1987 | | 107,400 | | | 207 | |
| | 12/19/2020 | | 1901 Ragu Dr. | | Owensboro | | KY | | 6 | | Unilever Supply Chain, Inc. (Unilever United States, Inc.) | | 1975/1979/1995 | | 443,380 | | | 524 | |
2021 | | 5/31/2021 | | 477 Distribution Pkwy. | | Collierville | | TN | | — | | Federal Express Corporation / FedEx Techconnect, Inc. | | 1984/1987/2005/2012 | | 126,213 | | | 217 | |
| | 9/30/2021 | | 3820 Micro Dr. | | Millington | | TN | | — | | Ingram Micro L.P. (Ingram Micro Inc.) | | 1997 | | 701,819 | | | 821 | |
| | 10/25/2021 | | 6938 Elm Valley Dr. | | Kalamazoo | | MI | | 3 | | Dana Commercial Vehicle Products, LLC (Dana Holding Corporation and Dana Limited) | | 1999/2004 | | 150,945 | | | 1,014 | |
| | 11/30/2021 | | 2880 Kenny Biggs Rd. | | Lumberton | | NC | | — | | Quickie Manufacturing Corporation | | 1998/2001/2006 | | 423,280 | | | 656 | |
2022 | | 3/31/2022 | | 5417 Campus Drive | | Shreveport | | LA | | — | | The Tire Rack, Inc. | | 2012 | | 257,849 | | | 11 | |
N/A | | Vacant | | 3350 Miac Cove Rd. | | Memphis | | TN | | — | | (Available for Lease) | | 1987 | | 32,679 | | | 0 | |
INDUSTRIAL TOTAL/WEIGHTED AVERAGE | | | | | | 99.8% Leased | | | | 15,823,851 | | $ | 29,298 | |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012
Year of Lease Expiration | | Date of Lease Expiration | | Property Location | | City | | State | | Note | | Primary Tenant (Guarantor) | | Year Acquired/ Built/ Renovated/ Expanded | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2012 ($000) (2) | |
RETAIL/SPECIALTY PROPERTIES | |
2012 | | 11/30/2012 | | 101 West Buckingham Rd. | | Garland | | TX | | 21 | | AVT Grocery, Inc. | | 1982 | | 59,300 | | | 163 | |
2013 | | 2/28/2013 | | S. Carolina 52/52 Bypass | | Moncks Corner | | SC | | — | | Food Lion, LLC / Delhaize America, Inc. | | 1982 | | 23,000 | | | 31 | |
| | | | US 221 & Hospital Rd. | | Jefferson | | NC | | — | | Food Lion, LLC / Delhaize America, Inc. | | 1981 | | 23,000 | | | 36 | |
| | 7/1/2013 | | 1053 Mineral Springs Rd. | | Paris | | TN | | — | | The Kroger Co. | | 1982 | | 31,170 | | | 79 | |
| | 10/31/2013 | | 1084 East Second St. | | Franklin | | OH | | — | | Marsh Supermarkets, Inc. / Crystal Food Services, LLC | | 1961/1978 | | 29,119 | | | 56 | |
| | | | 130 Midland Ave. | | Port Chester | | NY | | — | | Pathmark Stores, Inc. | | 1982 | | 59,000 | | | 206 | |
| | | | 5104 North Franklin Rd. | | Lawrence | | IN | | — | | Marsh Supermarkets, Inc. / Marsh Supermarkets, LLC | | 1958 | | 28,721 | | | 97 | |
2014 | | 3/31/2014 | | N.E.C. 45th St./Lee Blvd. | | Lawton | | OK | | — | | Associated Wholesale Grocers, Inc. / Safeway, Inc. | | 1984 | | 30,757 | | | 93 | |
2015 | | 1/31/2015 | | 1700 State Route 160 | | Port Orchard | | WA | | — | | Moran Foods, Inc. d/b/a Save-A-Lot, Ltd. | | 1983 | | 16,037 | | | 41 | |
| | 5/31/2015 | | 24th St. West & St. John’s Ave. | | Billings | | MT | | — | | Safeway, Inc. | | 1981 | | 40,800 | | | 93 | |
2016 | | 5/31/2016 | | 12535 Southeast 82nd Ave. | | Clackamas | | OR | | — | | Toys "R" Us-Delaware, Inc. / Toys "R" Us, Inc. / TRU 2005 RE I, LLC | | 1981 | | 42,842 | | | 153 | |
| | | | 18601 Alderwood Mall Blvd. | | Lynnwood | | WA | | — | | Toys "R" Us-Delaware, Inc. / Toys "R" Us, Inc. / TRU 2005 RE I, LLC | | 1981/1993 | | 43,105 | | | 141 | |
| | | | 4811 Wesley St. | | Greenville | | TX | | — | | Brookshire Grocery Company / Safeway, Inc. | | 1985 | | 48,492 | | | 85 | |
| | | | 6910 South Memorial Hwy. | | Tulsa | | OK | | — | | Toys “R” Us, Inc. / Toys "R" Us-Delaware, Inc. | | 1981 | | 43,123 | | | 128 | |
2017 | | 3/31/2017 | | 1610 South Westmoreland Ave. | | Dallas | | TX | | — | | Malone’s Food Stores, Ltd. | | 1960 | | 70,910 | | | 180 | |
| | 6/30/2017 | | 1600 East 23rd St. | | Chattanooga | | TN | | — | | BI-LO, LLC | | 1983 | | 42,130 | | | 67 | |
| | 11/30/2017 | | 205 Homer Rd. | | Minden | | LA | | — | | Brookshire Grocery Company (Safeway Stores, Inc.) | | 1981 | | 35,000 | | | 96 | |
| | 12/31/2017 | | 11411 North Kelly Ave. | | Oklahoma City | | OK | | 3 | | American Golf Corporation | | 1991/1996 | | 13,924 | | | 237 | |
2018 | | 2/26/2018 | | 399 Peachwood Centre Dr. | | Spartanburg | | SC | | — | | Best Buy Co., Inc. | | 1996 | | 45,800 | | | 197 | |
| | | | 4831 Whipple Ave., Northwest | | Canton | | OH | | — | | Best Buy Co., Inc. | | 1995 | | 46,350 | | | 232 | |
| | 2/28/2018 | | 291 Talbert Blvd. | | Lexington | | NC | | — | | Food Lion, LLC / Delhaize America, Inc. | | 1981 | | 23,000 | | | 69 | |
| | | | 3211 West Beverly St. | | Staunton | | VA | | — | | Food Lion, LLC / Delhaize America, Inc. | | 1971 | | 23,000 | | | 83 | |
| | 9/30/2018 | | 835 Julian Ave. | | Thomasville | | NC | | — | | Mighty Dollar, LLC | | 1983 | | 23,767 | | | 36 | |
| | 10/31/2018 | | 10340 U.S. 19 | | Port Richey | | FL | | — | | Kingswere Furniture, LLC | | 1980 | | 53,820 | | | 173 | |
| | 12/31/2018 | | 1150 West Carl Sandburg Dr. | | Galesburg | | IL | | — | | Kmart Corporation | | 1992 | | 94,970 | | | 21 | |
| | | | 12080 Carmel Mountain Rd. | | San Diego | | CA | | — | | Kmart Corporation | | 1993 | | 107,210 | | | 24 | |
| | | | 21082 Pioneer Plaza Dr. | | Watertown | | NY | | — | | Kmart Corporation | | 1993 | | 120,727 | | | 36 | |
| | | | 255 Northgate Dr. | | Manteca | | CA | | — | | Kmart Corporation | | 1993 | | 107,489 | | | 38 | |
| | | | 5350 Leavitt Rd. | | Lorain | | OH | | — | | Kmart Corporation | | 1993 | | 193,193 | | | 55 | |
| | | | 97 Seneca Trail | | Fairlea | | WV | | — | | Kmart Corporation | | 1993/1999 | | 90,933 | | | 25 | |
N/A | | Vacant | | 10415 Grande Ave. | | Sun City | | AZ | | 18 | | (Available for Lease) | | 1982 | | 10,000 | | | 69 | |
| | | | 1700 State Route 160 | | Port Orchard | | WA | | — | | (Available for Lease) | | 1983 | | 11,931 | | | 0 | |
| | | | 3451 Alta Mesa Blvd. | | Fort Worth | | TX | | 18 | | (Available for Lease) | | 1985 | | 44,000 | | | 127 | |
RETAIL TOTAL/WEIGHTED AVERAGE | | | | | | | 96.1% Leased | | | | 1,676,620 | | $ | 3,167 | |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Long-Term Leases- Consolidated Portfolio - 6/30/2012
Year of Lease Expiration | | Date of Lease Expiration | | Property Location | | City | | State | | Note | | Primary Tenant (Guarantor) | | Property Type | | Year Acquired/ Built/ Renovated/ Expanded | | Sq.Ft. Leased or Available (1) | | | Cash Rent as of 6/30/2012 ($000) (2) | |
LONG-TERM LEASE PROPERTIES | |
2022 | | 7/31/2022 | | 1440 East 15th Street | | Tucson | | AZ | | 3 | | CoxCom, LLC | | Office | | 1988 | | 28,591 | | | 273 | |
| | 11/30/2022 | | 4201 Marsh Ln. | | Carrollton | | TX | | — | | Carlson Restaurants Inc. (Carlson, Inc.) | | Office | | 2003 | | 130,000 | | | 963 | |
| | 12/31/2022 | | 147 Milk St. | | Boston | | MA | | — | | Harvard Vanguard Medical Associates, Inc. | | Office | | 1910 | | 52,337 | | | 766 | |
2023 | | 2/28/2023 | | 2211 South 47th St. | | Phoenix | | AZ | | — | | Avnet, Inc. | | Office | | 1997 | | 176,402 | | | 1,204 | |
| | 3/31/2023 | | 6555 Sierra Dr. | | Irving | | TX | | — | | TXU Energy Retail Company, LLC (Texas Competitive Electric Holdings Company, LLC) | | Office | | 1999 | | 247,254 | | | 1,524 | |
| | | | 8900 Freeport Pkwy. | | Irving | | TX | | — | | Nissan Motor Acceptance Corporation (Nissan North America, Inc.) | | Office | | 2003 | | 225,049 | | | 1,519 | |
2024 | | 2/14/2024 | | 1362 Celebration Blvd. | | Florence | | SC | | — | | MED3000, Inc. | | Office | | 2012 | | 32,000 | | | 193 | |
| | 10/31/2024 | | 6277 Sea Harbor Dr. | | Orlando | | FL | | — | | Wyndham Vacation Ownership, Inc. (Wyndham Worldwide Corporation) | | Office | | 1984 | | 259,401 | | | 0 | |
2025 | | 6/30/2025 | | 10000 Business Blvd. | | Dry Ridge | | KY | | — | | Dana Light Axle Products, LLC (Dana Holding Corporation and Dana Limited) | | Industrial | | 1988/1999 | | 336,350 | | | 673 | |
| | | | 301 Bill Bryan Rd. | | Hopkinsville | | KY | | — | | Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) | | Industrial | | 1987/1999/2000/2006 | | 424,904 | | | 844 | |
| | | | 37101 Corporate Dr. | | Farmington Hills | | MI | | — | | Panasonic Automotive Systems Company of America, a Division of Panasonic Corporation of North America | | Office | | 2001 | | 90,460 | | | 0 | |
| | | | 4010 Airpark Dr. | | Owensboro | | KY | | — | | Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) | | Industrial | | 1998/2001 | | 211,598 | | | 604 | |
| | | | 730 North Black Branch Rd. | | Elizabethtown | | KY | | — | | Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) | | Industrial | | 2001 | | 167,770 | | | 268 | |
| | | | 750 North Black Branch Rd. | | Elizabethtown | | KY | | — | | Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) | | Industrial | | 1995/2000/2001 | | 539,592 | | | 1,419 | |
| | 7/14/2025 | | 590 Ecology Ln. | | Chester | | SC | | 3 | | Owens Corning Sales, LLC | | Industrial | | 2001/2005 | | 420,597 | | | 1,093 | |
| | 7/31/2025 | | 7005 Cochran Rd. | | Glenwillow | | OH | | — | | Royal Appliance Mfg. Co. | | Industrial | | 1997 | | 458,000 | | | 972 | |
| | 11/30/2025 | | 11707 Miracle Hills Dr. | | Omaha | | NE | | — | | Infocrossing, Inc. | | Office | | 1989/1995 | | 85,200 | | | 583 | |
| | 12/31/2025 | | 2005 East Technology Cir. | | Tempe | | AZ | | — | | Infocrossing, Inc. | | Office | | 1998 | | 60,000 | | | 564 | |
2026 | | 3/30/2026 | | 121 Technology Dr. | | Durham | | NH | | 15 | | Heidelberg Americas, Inc. (Heidelberger Druckmaschinen AG) / Goss International Americas, Inc. (Goss International Corporation) | | Industrial | | 1986/2002/2003 | | 500,500 | | | 2,140 | |
| | 3/31/2026 | | 459 Wingo Road | | Byhalia | | MS | | — | | Asics America Corporation (Asics Corporation) | | Industrial | | 2011 | | 513,734 | | | 1,284 | |
| | 6/30/2026 | | 351 Chamber Drive | | Chillicothe | | OH | | — | | The Kitchen Collection, Inc. | | Industrial | | 1995/1998 | | 475,218 | | | 504 | |
| | 8/31/2026 | | 25500 State Hwy. 249 | | Tomball | | TX | | 3 | | Parkway Chevrolet, Inc. (Raymond Durdin & Jean W. Durdin) | | Specialty | | 2005 | | 77,076 | | | 676 | |
| | 10/31/2026 | | 5001 Greenwood Rd. | | Shreveport | | LA | | — | | Libbey Glass Inc. (Libbey Inc.) | | Industrial | | 2006 | | 646,000 | | | 1,009 | |
| | 11/30/2026 | | 250 Rittenhouse Cir. | | Bristol | | PA | | — | | Northtec LLC (The Estée Lauder Companies Inc.) | | Industrial | | 1983/1997 | | 241,977 | | | 514 | |
| | | | 500 Kinetic Drive | | Huntington | | WV | | — | | AMZN WVCS LLC (Amazon.com, Inc.) | | Office | | 2011 | | 68,693 | | | 572 | |
| | 12/29/2026 | | 5500 New Albany Road | | Columbus | | OH | | — | | Evans, Mechwart, Hambleton & Tilton, Inc. | | Office | | 2005 | | 104,807 | | | 760 | |
2027 | | 4/30/2027 | | 2424 Alpine Rd. | | Eau Claire | | WI | | 3 | | Silver Spring Foods, Inc. (Huntsinger Farms, Inc.) | | Industrial | | 1993/2004 | | 159,000 | | | 500 | |
| | 7/6/2027 | | 2221 Schrock Road | | Columbus | | OH | | — | | MS Consultants, Inc. | | Office | | 1999/2006 | | 42,290 | | | 280 | |
| | 10/31/2027 | | 11201 Renner Blvd. | | Lenexa | | KS | | 18 | | United States of America | | Office | | 2007 | | 169,585 | | | 1,531 | |
2028 | | 8/31/2028 | | 9803 Edmonds Way | | Edmonds | | WA | | — | | Pudget Consumers Co-op d/b/a PCC Natural Markets | | Retail | | 1981 | | 35,459 | | | 301 | |
2029 | | 1/31/2029 | | 6226 West Sahara Ave. | | Las Vegas | | NV | | — | | Nevada Power Company | | Office | | 1983/1994 | | 282,000 | | | 4,035 | |
| | 12/31/2029 | | 400 East Stone Ave. | | Greenville | | SC | | 9 | | Canal Insurance Company | | Office | | 1948/1981/1982/1986/1991/2006/2008 | | 128,041 | | | 472 | |
2031 | | 5/31/2031 | | 671 Washburn Switch Rd. | | Shelby | | NC | | — | | Clearwater Paper Corporation | | Industrial | | 2011 | | 673,518 | | | 1,073 | |
2032 | | 4/30/2032 | | 13930 Pike Road | | Missouri City | | TX | | — | | Vulcan Construction Materials, LP (Vulcan Materials Company) | | Industrial | | N/A | | 0 | | | 345 | |
N/A | | Vacant | | 37101 Corporate Dr. | | Farmington Hills | | MI | | — | | (Available for Lease) | | Office | | 2001 | | 38,369 | | | 0 | |
| | | | 6277 Sea Harbor Dr. | | Orlando | | FL | | — | | (Available for Lease) | | Office | | 1984 | | 100,113 | | | 0 | |
| | | | 8900 Freeport Pkwy. | | Irving | | TX | | — | | (Available for Lease) | | Office | | 2003 | | 43,396 | | | 0 | |
LONG-TERM LEASES TOTAL/WEIGHTED AVERAGE | | | | 97.8% Leased | | | | | | 8,245,281 | | $ | 29,458 | |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Property Leases and Vacancies - Consolidated Portfolio - 6/30/2012
Year of Lease Expiration | | Date of Lease Expiration | | Property Location | | City | | State | | Note | | Primary Tenant (Guarantor) | | Year Acquired/ Built/ Renovated/ Expanded | | Gross Book Value ($000) (10) | | Sq.Ft. | | Percentage Leased | | Cash Rent as of 6/30/2012 ($000) (2) | | | Debt Balance ($000) | |
MULTI-TENANT PROPERTIES (14) |
Various | | Various | | 10 John St. | | Clinton | | CT | | 6 | | Multi-Tenant | | 1972 | | 0 | | 41,188 | | 0 | % | | 0 | | | 0 | |
| | | | 100 Light St. | | Baltimore | | MD | | 13 | | Multi-Tenant | | 1973/2009 | | 244,692 | | 476,459 | | 95 | % | | 6,077 | | | 55,000 | |
| | | | 140 East Shore Dr. | | Glen Allen | | VA | | — | | Multi-Tenant | | 2000 | | 13,481 | | 79,675 | | 72 | % | | 511 | | | 19,085 | |
| | | | 13430 North Black Canyon Fwy. | | Phoenix | | AZ | | 11 | | Multi-Tenant | | 1981/1982/2005/2007/2009 | | 16,723 | | 138,940 | | 100 | % | | 1,322 | | | 0 | |
| | | | 207 Mockingbird Ln. | | Johnson City | | TN | | — | | Multi-Tenant | | 1979 | | 11,745 | | 60,684 | | 50 | % | | 306 | | | 0 | |
| | | | 2300 Litton Ln. | | Hebron | | KY | | 11 | | Multi-Tenant | | 1986/1996 | | 9,789 | | 80,441 | | 100 | % | | 250 | | | 0 | |
| | | | 4200 Northcorp Pkway | | Palm Beach Gardens | | FL | | 11 | | Multi-Tenant | | 1996 | | 15,204 | | 95,065 | | 20 | % | | 25 | | | 0 | |
| | | | 6050 Dana Way | | Antioch | | TN | | — | | Multi-Tenant | | 1999 | | 14,953 | | 672,629 | | 62 | % | | 694 | | | 0 | |
| | | | King St./1032 Fort St. Mall | | Honolulu | | HI | | 11 / 13 | | Multi-Tenant | | 1979/2002 | | 47,192 | | 318,451 | | 93 | % | | 1,188 | | | 0 | |
| | | | 265 Lehigh St. | | Allentown | | PA | | 3 | | Multi-Tenant | | 1980 | | 1,851 | | 71,230 | | 31 | % | | 62 | | | 0 | |
| | | | 17191 St. Luke's Way | | The Woodlands | | TX | | 3 /18 | | Multi-Tenant | | 2004 | | 9,039 | | 41,000 | | 33 | % | | 399 | | | 7,445 | |
| | | | 1275 Northwest 128th St. | | Clive | | IA | | 18 | | Multi-Tenant | | 2004 | | 10,599 | | 61,180 | | 0 | % | | 67 | | | 5,385 | |
MULTI-TENANT TOTAL/WEIGHTED AVERAGE | | | | | | 71.5% Leased | | | | | | 2,136,942 | | | | $ | 10,901 | | $ | 86,915 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
TOTAL CONSOLIDATED PORTFOLIO/WEIGHTED AVERAGE | | | | | | | 97.7% Leased | | | | | | 41,438,029 | | | | $ | 178,607 | | | | |
Footnotes
| 1 | Square foot leased or vacant. |
| 2 | Six months ended 6/30/2012 cash rent. |
| 3 | Net Lease Strategic Assets Fund L.P. property. |
| 4 | Lexington has an 80.5% interest in this property. |
| 5 | Current lease for 84,200 square feet expires 08/2012, however, lease extended to 01/2018 for 57,769 square feet. |
| 6 | Lexington has a 71.1% interest in this property. |
| 7 | CEVA Logistics U.S., Inc. lease expires 08/2012; however, new tenant (Michelin North America, Inc.) lease expires 01/31/2015. |
| 8 | IBM lease expires 05/2013, however, new tenant (Problem Solved, LLC) leases 16,000 sf through 05/2014. |
| 9 | Property is classified as a capital lease for GAAP, accordingly $495 income is included in non-operating income. |
| 10 | Represents GAAP capitalized costs. |
| 11 | Property is collateral for secured credit facility and term loan. |
| 12 | Subsequent to 6/30/2012, lease extended to 12/31/2021. |
| 13 | Includes parking operations. |
| 14 | The multi-tenanted properties incurred approximately $5.4 million in operating expenses, net for the six months ended 6/30/2012. |
| 15 | Heidelberg Americas, Inc. lease expires 3/30/2021, however, new tenant (Goss International Americas, Inc.) lease expires 3/30/2026. |
| 16 | Subsequent to 6/30/2012, lease extended to 12/14/2023. |
| 17 | Lexington has an 87.1% interest in this property and sold its interest for $13.2 million subsequent to 6/30/2012. |
| 18 | Cash and GAAP rent amounts represent/include prior tenant. |
| 19 | Subsequent to 6/30/2012, lease extended to 06/2018. |
| 20 | Tenant lease expires 6/30/2013; however, new tenant (DuPont Airproducts Nanomaterials, LLC) lease expires 6/30/2022. |
| 21 | Subsequent to 6/30/2012, lease terminated effective 7/6/2012. |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Lease Rollover Schedule by Property Type - Cash Basis (2)
6/30/2012
| | Office | | | Industrial | | | Retail/Specialty | |
Year | | Net Rentable Area | | | Cash Rent as of 6/30/2012 ($000) | | | Annual Rent PSF | | | Net Rentable Area | | | Cash Rent as of 6/30/2012 ($000) | | | Annual Rent PSF | | | Net Rentable Area | | | Cash Rent as of 6/30/2012 ($000) | | | Annual Rent PSF | |
2012 | | | 365,533 | | | $ | 2,954 | | | $ | 16.16 | | | | 308,710 | | | $ | 346 | | | $ | 2.24 | | | | 59,300 | | | $ | 163 | | | $ | 5.50 | |
2013 | | | 1,163,968 | | | $ | 7,726 | | | $ | 13.28 | | | | 1,526,598 | | | $ | 2,150 | | | $ | 2.82 | | | | 194,010 | | | $ | 505 | | | $ | 5.21 | |
2014 | | | 2,596,274 | | | $ | 23,154 | | | $ | 16.58 | | | | 927,014 | | | $ | 1,107 | | | $ | 2.39 | | | | 30,757 | | | $ | 93 | | | $ | 6.05 | |
2015 | | | 2,088,179 | | | $ | 19,883 | | | $ | 14.65 | | | | 2,653,440 | | | $ | 5,544 | | | $ | 4.14 | | | | 56,837 | | | $ | 134 | | | $ | 4.72 | |
2016 | | | 1,017,000 | | | $ | 6,141 | | | $ | 12.08 | | | | 2,255,478 | | | $ | 4,525 | | | $ | 4.01 | | | | 177,562 | | | $ | 507 | | | $ | 5.71 | |
2017 | | | 657,445 | | | $ | 4,504 | | | $ | 13.70 | | | | 2,347,944 | | | $ | 5,671 | | | $ | 4.83 | | | | 161,964 | | | $ | 580 | | | $ | 7.16 | |
2018 | | | 1,471,075 | | | $ | 10,421 | | | $ | 14.17 | | | | 1,240,791 | | | $ | 1,535 | | | $ | 2.47 | | | | 930,259 | | | $ | 989 | | | $ | 3.86 | |
2019 | | | 2,453,398 | | | $ | 16,235 | | | $ | 13.23 | | | | 1,621,875 | | | $ | 2,027 | | | $ | 2.50 | | | | - | | | $ | - | | | $ | - | |
2020 | | | 670,640 | | | $ | 5,185 | | | $ | 15.46 | | | | 1,249,216 | | | $ | 3,674 | | | $ | 5.88 | | | | - | | | $ | - | | | $ | - | |
2021 | | | 805,745 | | | $ | 6,586 | | | $ | 16.35 | | | | 1,402,257 | | | $ | 2,708 | | | $ | 3.86 | | | | - | | | $ | - | | | $ | - | |
2022 - Q1 & Q2 | | | 195,145 | | | $ | 1,745 | | | $ | 17.88 | | | | 257,849 | | | $ | 11 | | | $ | 4.83 | | | | - | | | $ | - | | | $ | - | |
Thereafter | | | 2,182,110 | | | $ | 15,239 | | | $ | 14.05 | | | | 5,768,758 | | | $ | 13,242 | | | $ | 4.50 | | | | 112,535 | | | $ | 977 | | | $ | 17.36 | |
Total/Weighted Average(1) | | | 15,666,512 | | | $ | 119,773 | | | $ | 14.51 | | | | 21,559,930 | | | $ | 42,540 | | | $ | 3.97 | | | | 1,723,224 | | | $ | 3,948 | | | $ | 5.52 | |
Footnotes
(1) Total shown may differ from detailed amounts due to rounding and does not include multi-tenant properties and parking operations.
(2) Rents shown are historical cash amounts for the six months ended June 30, 2012, and include the properties of Net Lease Strategic Assets Fund.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Lease Rollover Schedule - Cash Basis (2)
6/30/2012
Year | | Leases | | | Rent as of | | | Cash Base Rent | |
2012 | | | 8 | | | $ | 3,463 | | | | 2.1 | % |
2013 | | | 22 | | | $ | 10,381 | | | | 6.2 | % |
2014 | | | 32 | | | $ | 24,354 | | | | 14.6 | % |
2015 | | | 24 | | | $ | 25,561 | | | | 15.4 | % |
2016 | | | 18 | | | $ | 11,173 | | | | 6.7 | % |
2017 | | | 16 | | | $ | 10,755 | | | | 6.5 | % |
2018 | | | 25 | | | $ | 12,945 | | | | 7.8 | % |
2019 | | | 14 | | | $ | 18,262 | | | | 11.0 | % |
2020 | | | 11 | | | $ | 8,859 | | | | 5.3 | % |
2021 | | | 9 | | | $ | 9,294 | | | | 5.6 | % |
2022 - Q1 & Q2 | | | 3 | | | $ | 1,756 | | | | 1.1 | % |
Thereafter | | | 34 | | | $ | 29,458 | | | | 17.7 | % |
| | | | | | | | | | | | |
Total(1) | | | 216 | | | $ | 166,261 | | | | 100.0 | % |
Footnotes
(1) Total shown may differ from detailed amounts due to rounding and does not include multi-tenant properties and parking operations.
(2) Rents shown are historical cash amounts for the six months ended June 30, 2012, and include the properties of Net Lease Strategic Assets Fund.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Debt Maturity Schedule
6/30/2012
($000)
Consolidated Properties |
Year | | Real Estate Scheduled Amortization (2) | | | Real Estate Balloon Payments (2) | | | Corporate Debt (2) | |
2012 | | $ | 10,896 | | | $ | 69,990 | | | $ | - | |
2013 | | $ | 34,973 | | | $ | 251,577 | | | $ | - | |
2014 | | $ | 30,380 | | | $ | 256,140 | | | $ | 57,450 | |
2015 | | $ | 20,832 | | | $ | 302,575 | | | $ | 35,000 | (1) |
2016 | | $ | 12,720 | | | $ | 148,546 | | | $ | - | |
| | $ | 109,801 | | | $ | 1,028,828 | | | $ | 92,450 | |
Non-Consolidated Investments - LXP Proportionate Share |
Year | | Real Estate Scheduled Amortization | | | Real Estate Balloon Payments | |
2012 | | $ | 618 | | | $ | - | |
2013 | | $ | 1,327 | | | $ | - | |
2014 | | $ | 1,458 | | | $ | - | |
2015 | | $ | 1,535 | | | $ | 5,469 | |
2016 | | $ | 1,402 | | | $ | - | |
| | $ | 6,340 | | | $ | 5,469 | |
Footnotes
(1) Maturity date can be extended to 01/2016 at Lexington's option.
(2) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma 2012 Mortgage Maturities by Property Type (2)
6/30/2012
| | Property Location | | | City | | | State | | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2012 ($000) | |
Office | | | 37101 Corporate Dr. | | | | Farmington Hills | | | | MI | | | | 128,829 | | | $ | 17,724 | | | | 09/2012 | | | | 06/2025 | | | $ | 12,968 | | | $ | - | |
| | | 4455 American Way | | | | Baton Rouge | | | | LA | | | | 70,100 | | | $ | 5,943 | | | | 10/2012 | | | | 10/2012 | | | $ | 13,868 | | | $ | 591 | |
| | | 1110 Bayfield Dr. | | | | Colorado Springs | | | | CO | | | | 166,575 | | | $ | 10,272 | | | | 12/2012 | | | | 11/2013 | | | $ | 19,579 | | | $ | 815 | |
Industrial | | | 19500 Bulverde Rd. (3) | | | | San Antonio | | | | TX | | | | 559,258 | | | $ | 26,025 | | | | 10/2012 | | | | 03/2016 | | | $ | 41,882 | | | $ | 1,832 | |
| | | 43955 Plymouth Oaks Blvd. | | | | Plymouth | | | | MI | | | | 290,133 | | | $ | 10,026 | | | | 12/2012 | | | | 10/2017 | | | $ | 19,161 | | | $ | 943 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Total 2012 Mortgage Maturities | | | | | | | | | | | | 1,214,895 | | | $ | 69,990 | | | | | | | | | | | $ | 107,458 | | | $ | 4,181 | |
Footnotes
(1) Represents historical capitalized costs as of June 30, 2012.
(2) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.
(3) Mortgage satisfied subsequent to June 30, 2012.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma 2013 Mortgage Maturities by Property Type (2)
6/30/2012
| | Property Location | | | City | | | State | | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2012 ($000) | |
Office | | | 3476 Stateview Blvd. | | | | Fort Mill | | | | SC | | | | 169,083 | | | $ | 9,904 | | | | 01/2013 | | | | 05/2014 | | | $ | 18,095 | | | $ | 1,343 | |
| | | 70 Mechanic St. | | | | Foxboro | | | | MA | | | | 251,914 | | | $ | - | | | | 01/2013 | | | | 06/2014 | | | $ | 38,217 | | | $ | 3,256 | |
| | | 9201 East Dry Creek Rd. | | | | Centennial | | | | CO | | | | 128,500 | | | $ | 13,555 | | | | 02/2013 | | | | 09/2017 | | | $ | 26,922 | | | $ | 1,163 | |
| | | 12600 Gateway Blvd. | | | | Fort Meyers | | | | FL | | | | 62,400 | | | $ | 8,550 | | | | 05/2013 | | | | 01/2013 | | | $ | 13,561 | | | $ | 579 | |
| | | 8555 South River Pkwy. | | | | Tempe | | | | AZ | | | | 95,133 | | | $ | 12,144 | | | | 05/2013 | | | | 06/2022 | | | $ | 24,068 | | | $ | 1,177 | |
| | | 200 Executive Blvd. South | | | | Southington | | | | CT | | | | 153,364 | | | $ | 12,228 | | | | 05/2013 | | | | 12/2012 | | | $ | 26,737 | | | $ | 840 | |
| | | 275 South Valencia Ave. | | | | Brea | | | | CA | | | | 637,503 | | | $ | 73,071 | | | | 05/2013 | | | | 06/2019 | | | $ | 118,929 | | | $ | 4,355 | |
| | | 5757 Decatur Blvd. | | | | Indianapolis | | | | IN | | | | 89,956 | | | $ | 8,580 | | | | 05/2013 | | | | 2012/2018 | | | $ | 15,299 | | | $ | 710 | |
| | | 810 & 820 Gears Rd. | | | | Houston | | | | TX | | | | 157,790 | | | $ | 15,737 | | | | 05/2013 | | | | 01/2013 | | | $ | 26,829 | | | $ | 1,148 | |
| | | 8900 Freeport Pkwy. | | | | Irving | | | | TX | | | | 268,445 | | | $ | 36,466 | | | | 05/2013 | | | | 03/2023 | | | $ | 60,297 | | | $ | 1,519 | |
| | | 6303 Barfield Rd./859 Mount Vernon Hwy. | | | | Atlanta | | | | GA | | | | 289,000 | | | $ | 40,356 | | | | 05/2013 | | | | Various | | | $ | 76,766 | | | $ | 3,177 | |
| | | 2401 Cherahala Blvd. | | | | Knoxville | | | | TN | | | | 59,748 | | | $ | 4,496 | | | | 09/2013 | | | | 05/2013 | | | $ | 12,460 | | | $ | 450 | |
| | | 2211 South 47th St. | | | | Phoenix | | | | AZ | | | | 176,402 | | | $ | 16,490 | | | | 09/2013 | | | | 02/2023 | | | $ | 24,631 | | | $ | 1,204 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Total 2013 Mortgage Maturities | | | | | | | | | | | | 2,539,238 | | | $ | 251,577 | | | | | | | | | | | $ | 482,811 | | | $ | 20,921 | |
Footnotes
(1) Represents historical capitalized costs as of June 30, 2012.
(2) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma 2014 Mortgage Maturities by Property Type (3)
6/30/2012
| | Property Location | | | City | | | State | | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2012 ($000) | |
Office & | | | 33 Commercial St. | | | | Foxboro | | | | MA | | | | 164,689 | | | $ | - | | | | 01/2014 | | | | 07/2015 | | | $ | 29,238 | | | $ | 3,025 | |
Multi-Tenant | | | 1401 & 1501 Nolan Ryan Pkwy. | | | | Arlington | | | | TX | | | | 236,547 | | | $ | 18,588 | | | | 02/2014 | | | | 01/2014 | | | $ | 34,809 | | | $ | 1,362 | |
| | | 2999 Southwest 6th St. | | | | Redmond | | | | OR | | | | 77,484 | | | $ | 8,484 | | | | 04/2014 | | | | 01/2019 | | | $ | 22,135 | | | $ | 771 | |
| | | 1275 Northwest 128th St. | | | | Clive | | | | IA | | | | 61,180 | | | $ | 5,151 | | | | 05/2014 | | | | Vacant | | | $ | 10,599 | | | $ | 67 | |
| | | 3480 Stateview Blvd. | | | | Fort Mill | | | | SC | | | | 169,218 | | | $ | 18,311 | | | | 05/2014 | | | | 05/2014 | | | $ | 29,174 | | | $ | 1,821 | |
| | | 1701 Market St. (2) | | | | Philadelphia | | | | PA | | | | 304,037 | | | $ | 43,520 | | | | 07/2014 | | | | Various | | | $ | 72,728 | | | $ | 3,614 | |
| | | 10300 Kincaid Dr. | | | | Fishers | | | | IN | | | | 193,000 | | | $ | 10,466 | | | | 08/2014 | | | | 01/2020 | | | $ | 28,323 | | | $ | 1,689 | |
| | | 3965 Airways Blvd. | | | | Memphis | | | | TN | | | | 521,286 | | | $ | 47,270 | | | | 09/2014 | | | | 06/2019 | | | $ | 116,410 | | | $ | 3,426 | |
| | | 500 Jackson St. | | | | Columbus | | | | IN | | | | 390,100 | | | $ | 26,399 | | | | 09/2014 | | | | 07/2019 | | | $ | 53,821 | | | $ | 2,213 | |
| | | 6226 West Sahara Ave. | | | | Las Vegas | | | | NV | | | | 282,000 | | | $ | 32,118 | | | | 09/2014 | | | | 01/2029 | | | $ | 64,735 | | | $ | 4,035 | |
| | | 22011 Southeast 51st St./5150 220th Ave. | | | | Issaquah | | | | WA | | | | 202,544 | | | $ | 30,388 | | | | 12/2014 | | | | 12/2014 | | | $ | 51,306 | | | $ | 2,261 | |
| | | 275 Technology Dr. | | | | Canonsburg | | | | PA | | | | 107,872 | | | $ | 9,095 | | | | 12/2014 | | | | 12/2014 | | | $ | 15,739 | | | $ | 715 | |
Industrial | | | 2415 US Hwy. 78 East | | | | Moody | | | | AL | | | | 595,346 | | | $ | 6,350 | | | | 01/2014 | | | | 01/2014 | | | $ | 11,575 | | | $ | 527 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Total 2014 Mortgage Maturities | | | | | | | | | | | | 3,305,303 | | | $ | 256,140 | | | | | | | | | | | $ | 540,592 | | | $ | 25,526 | |
Footnotes
(1) Represents historical capitalized costs as of June 30, 2012.
(2) Lexington has an 80.5% interest in the property and amounts include parking operations.
(3) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma 2015 Mortgage Maturities by Property Type (3)
6/30/2012
| | Property Location | | | City | | | State | | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2012 ($000) | |
Office & | | | 101 East Erie St. | | | | Chicago | | | | IL | | | | 230,704 | | | $ | 29,900 | | | | 01/2015 | | | | 03/2014 | | | $ | 56,548 | | | $ | 2,066 | |
Multi-Tenant | | | 400 East Stone Ave. (2) | | | | Greenville | | | | SC | | | | 128,041 | | | $ | 9,000 | | | | 01/2015 | | | | 12/2029 | | | $ | 10,662 | | | $ | 472 | |
| | | 4201 Marsh Ln. | | | | Carrollton | | | | TX | | | | 130,000 | | | $ | 12,022 | | | | 01/2015 | | | | 11/2022 | | | $ | 22,146 | | | $ | 963 | |
| | | 13775 McLearen Rd. | | | | Herndon | | | | VA | | | | 125,293 | | | $ | 10,359 | | | | 04/2015 | | | | 04/2015 | | | $ | 25,443 | | | $ | 1,109 | |
| | | 10475 Crosspoint Blvd. | | | | Indianapolis | | | | IN | | | | 141,047 | | | $ | 11,205 | | | | 05/2015 | | | | 10/2019 | | | $ | 22,506 | | | $ | 1,113 | |
| | | 100, 120, 140 East Shore Dr. | | | | Glen Allen | | | | VA | | | | 224,838 | | | $ | 18,321 | | | | 05/2015 | | | | Various | | | $ | 38,044 | | | $ | 1,372 | |
| | | 1311 Broadfield Blvd. | | | | Houston | | | | TX | | | | 155,040 | | | $ | 14,431 | | | | 05/2015 | | | | 03/2021 | | | $ | 29,999 | | | $ | 1,163 | |
| | | 1409 Centerpoint Blvd. | | | | Knoxville | | | | TN | | | | 84,404 | | | $ | 6,658 | | | | 05/2015 | | | | 10/2014 | | | $ | 12,604 | | | $ | 856 | |
| | | 2550 Interstate Dr. | | | | Harrisburg | | | | PA | | | | 81,859 | | | $ | 7,792 | | | | 05/2015 | | | | 12/2013 | | | $ | 15,255 | | | $ | 972 | |
| | | 2706 Media Center Dr. | | | | Los Angeles | | | | CA | | | | 83,252 | | | $ | 9,760 | | | | 05/2015 | | | | Various | | | $ | 18,070 | | | $ | 881 | |
| | | 2800 Waterford Lake Dr. | | | | Midlothian | | | | VA | | | | 99,057 | | | $ | 9,055 | | | | 05/2015 | | | | 10/2014 | | | $ | 15,844 | | | $ | 1,066 | |
| | | 333 Mt. Hope Ave. | | | | Rockaway | | | | NJ | | | | 95,500 | | | $ | 14,900 | | | | 05/2015 | | | | 09/2014 | | | $ | 29,295 | | | $ | 1,122 | |
| | | 4000 Johns Creek Pkwy. | | | | Suwanee | | | | GA | | | | 87,219 | | | $ | 10,502 | | | | 05/2015 | | | | 09/2012 | | | $ | 4,203 | | | $ | 724 | |
| | | 6200 Northwest Pkwy. | | | | San Antonio | | | | TX | | | | 142,500 | | | $ | 11,167 | | | | 05/2015 | | | | 11/2017 | | | $ | 20,813 | | | $ | 891 | |
| | | 16676 Northchase Dr. | | | | Houston | | | | TX | | | | 101,111 | | | $ | 11,282 | | | | 05/2015 | | | | 07/2014 | | | $ | 19,369 | | | $ | 835 | |
| | | 2500 Patrick Henry Pkwy. | | | | McDonough | | | | GA | | | | 111,911 | | | $ | 11,349 | | | | 06/2015 | | | | 06/2015 | | | $ | 19,508 | | | $ | 771 | |
| | | 3711 San Gabriel | | | | Mission | | | | TX | | | | 75,016 | | | $ | 5,371 | | | | 06/2015 | | | | 06/2015 | | | $ | 13,610 | | | $ | 525 | |
| | | 4001 International Pkwy. | | | | Carrollton | | | | TX | | | | 138,443 | | | $ | 18,710 | | | | 07/2015 | | | | 07/2015 | | | $ | 30,859 | | | $ | 1,603 | |
| | | 2529 West Thorne Dr. | | | | Houston | | | | TX | | | | 65,500 | | | $ | 2,203 | | | | 09/2015 | | | | 09/2015 | | | $ | 12,242 | | | $ | 479 | |
| | | 12645 West Airport Rd. | | | | Sugar Land | | | | TX | | | | 165,836 | | | $ | 6,286 | | | | 09/2015 | | | | 09/2015 | | | $ | 19,436 | | | $ | 1,719 | |
| | | 10001 Richmond Ave. | | | | Houston | | | | TX | | | | 554,385 | | | $ | 18,161 | | | | 09/2015 | | | | 09/2015 | | | $ | 73,343 | | | $ | 6,775 | |
Industrial | | | 324 Industrial Park Rd. | | | | Franklin | | | | NC | | | | 72,868 | | | $ | - | | | | 04/2015 | | | | 12/2014 | | | $ | 4,973 | | | $ | 228 | |
| | | 6938 Elm Valley Dr. | | | | Kalamazoo | | | | MI | | | | 150,945 | | | $ | 15,087 | | | | 05/2015 | | | | 10/2021 | | | $ | 26,129 | | | $ | 1,014 | |
| | | 10000 Business Blvd. | | | | Dry Ridge | | | | KY | | | | 336,350 | | | $ | 4,463 | | | | 07/2015 | | | | 06/2025 | | | $ | 15,227 | | | $ | 673 | |
| | | 301 Bill Bryan Rd. | | | | Hopkinsville | | | | KY | | | | 424,904 | | | $ | 7,846 | | | | 07/2015 | | | | 06/2025 | | | $ | 19,066 | | | $ | 844 | |
| | | 4010 Airpark Dr. | | | | Owensboro | | | | KY | | | | 211,598 | | | $ | 3,917 | | | | 07/2015 | | | | 06/2025 | | | $ | 13,598 | | | $ | 604 | |
| | | 730 North Black Branch Rd. | | | | Elizabethtown | | | | KY | | | | 167,770 | | | $ | 2,527 | | | | 07/2015 | | | | 06/2025 | | | $ | 6,055 | | | $ | 268 | |
| | | 750 North Black Branch Rd. | | | | Elizabethtown | | | | KY | | | | 539,592 | | | $ | 13,376 | | | | 07/2015 | | | | 06/2025 | | | $ | 32,222 | | | $ | 1,419 | |
| | | 9110 Grogans Mill Rd. | | | | The Woodlands | | | | TX | | | | 275,750 | | | $ | 6,925 | | | | 09/2015 | | | | 09/2015 | | | $ | 43,885 | | | $ | 1,738 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Total 2015 Mortgage Maturities | | | | | | | | | | | | 5,200,733 | | | $ | 302,575 | | | | | | | | | | | $ | 670,954 | | | $ | 34,265 | |
Footnotes
(1) Represents historical capitalized costs as of June 30, 2012.
(2) Property is classified as a capital lease for GAAP, accordingly $495 of GAAP income is included in non-operating income.
(3) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma 2016 Mortgage Maturities by Property Type (2)
6/30/2012
| | Property Location | | | City | | | State | | | Net Rentable Area | | | Mortgage Balance at Maturity ($000) | | | Maturity Date | | | Tenant Lease Expires | | | Gross Book Value ($000) (1) | | | Cash Rent as of 6/30/2012 ($000) | |
Office | | | 1600 Eberhardt Rd. | | | | Temple | | | | TX | | | | 108,800 | | | $ | 7,446 | | | | 01/2016 | | | | 01/2016 | | | $ | 19,846 | | | $ | 837 | |
| | | 700 US Hwy. Route 202-206 | | | | Bridgewater | | | | NJ | | | | 115,558 | | | $ | 13,825 | | | | 03/2016 | | | | 10/2014 | | | $ | 31,657 | | | $ | 1,017 | |
| | | 11707 Miracle Hills Dr | | | | Omaha | | | | NE | | | | 85,200 | | | $ | 7,560 | | | | 04/2016 | | | | 11/2025 | | | $ | 13,853 | | | $ | 583 | |
| | | 1400 Northeast McWilliams Rd. | | | | Bremerton | | | | WA | | | | 60,200 | | | $ | 5,465 | | | | 04/2016 | | | | 07/2016 | | | $ | 15,501 | | | $ | 608 | |
| | | 2005 East Technology Circle | | | | Tempe | | | | AZ | | | | 60,000 | | | $ | 7,140 | | | | 04/2016 | | | | 12/2025 | | | $ | 12,199 | | | $ | 564 | |
| | | 850-950 Warrenville Rd | | | | Lisle | | | | IL | | | | 99,414 | | | $ | 9,377 | | | | 06/2016 | | | | 2014/2019 | | | $ | 17,388 | | | $ | 770 | |
| | | 11511 Luna Rd | | | | Farmers Branch | | | | TX | | | | 180,507 | | | $ | 18,363 | | | | 07/2016 | | | | 04/2016 | | | $ | 29,984 | | | $ | 1,154 | |
| | | 180 South Clinton St | | | | Rochester | | | | NY | | | | 226,000 | | | $ | 16,765 | | | | 08/2016 | | | | 12/2014 | | | $ | 30,830 | | | $ | 1,478 | |
Industrial | | | 459 Wingo Road | | | | Byhalia | | | | MS | | | | 513,734 | | | $ | 15,000 | | | | 06/2016 | | | | 03/2026 | | | $ | 27,492 | | | $ | 1,284 | |
| | | 2203 Sherrill Dr | | | | Statesville | | | | NC | | | | 639,800 | | | $ | 12,574 | | | | 08/2016 | | | | 05/2013 | | | $ | 21,266 | | | $ | 894 | |
| | | 3686 S. Central Ave. / 749 Southrock Dr | | | | Rockford | | | | IL | | | | 240,000 | | | $ | 6,153 | | | | 08/2016 | | | | 2014/2015 | | | $ | 10,919 | | | $ | 440 | |
| | | 2935 Van Vactor Dr. | | | | Plymouth | | | | IN | | | | 300,500 | | | $ | 5,723 | | | | 09/2016 | | | | 06/2015 | | | $ | 8,903 | | | $ | 406 | |
| | | 7005 Cochran Road | | | | Glenwillow | | | | OH | | | | 458,000 | | | $ | 15,132 | | | | 09/2016 | | | | 07/2025 | | | $ | 28,665 | | | $ | 972 | |
| | | 25500 State Hwy. 249 | | | | Tomball | | | | TX | | | | 77,076 | | | $ | 8,023 | | | | 11/2016 | | | | 08/2026 | | | $ | 14,577 | | | $ | 676 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Total 2016 Mortgage Maturities | | | | | | | | | | | | 3,164,789 | | | $ | 148,546 | | | | | | | | | | | $ | 283,080 | | | $ | 11,683 | |
Footnotes
(1) Represents historical capitalized cost at June 30, 2012.
(2) Amounts include the debt of Net Lease Strategic Assets Fund as if wholly owned by Lexington.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Consolidated Properties: Mortgages and Notes Payable
6/30/2012
Property | | Footnotes | | Debt Balance ($000) | | | Interest Rate (%) | | | Maturity(a) | | Current Estimated Annual Debt Service ($000) (d) | | | Balloon Payment ($000) | |
Farmington Hills, MI | | (b)(q) | | $ | 17,802 | | | | 5.723 | % | | 09/2012 | | $ | 333 | | | $ | 17,724 | |
Baton Rouge, LA | | (b) | | | 5,987 | | | | 5.333 | % | | 10/2012 | | | 135 | | | | 5,943 | |
San Antonio, TX | | (p) | | | 26,128 | | | | 6.080 | % | | 10/2012 | | | 508 | | | | 26,025 | |
Plymouth, MI | | (b) | | | 10,202 | | | | 5.964 | % | | 12/2012 | | | 480 | | | | 10,026 | |
Colorado Springs, CO | | (b) | | | 10,378 | | | | 5.996 | % | | 12/2012 | | | 423 | | | | 10,272 | |
Fort Mill, SC | | | | | 9,999 | | | | 6.000 | % | | 01/2013 | | | 401 | | | | 9,904 | |
Foxboro, MA | | | | | 2,578 | | | | 7.670 | % | | 01/2013 | | | 2,776 | | | | - | |
Centennial, CO | | (b)(h)(p) | | | 13,785 | | | | 5.724 | % | | 02/2013 | | | 756 | | | | 13,555 | |
Tempe, AZ | | | | | 12,335 | | | | 5.148 | % | | 05/2013 | | | 723 | | | | 12,144 | |
Brea, CA | | (b) | | | 73,976 | | | | 5.734 | % | | 05/2013 | | | 4,792 | | | | 73,071 | |
Atlanta, GA | | | | | 41,047 | | | | 5.268 | % | | 05/2013 | | | 2,680 | | | | 40,356 | |
Irving, TX | | (b) | | | 37,020 | | | | 5.452 | % | | 05/2013 | | | 2,416 | | | | 36,466 | |
Houston, TX | | | | | 16,009 | | | | 5.218 | % | | 05/2013 | | | 1,040 | | | | 15,737 | |
Southington, CT | | | | | 12,446 | | | | 5.018 | % | | 05/2013 | | | 792 | | | | 12,228 | |
Indianapolis, IN | | | | | 8,729 | | | | 5.168 | % | | 05/2013 | | | 564 | | | | 8,580 | |
Fort Meyers, FL | | | | | 8,660 | | | | 5.268 | % | | 05/2013 | | | 531 | | | | 8,550 | |
Phoenix, AZ | | | | | 17,005 | | | | 6.270 | % | | 09/2013 | | | 1,527 | | | | 16,490 | |
Knoxville, TN | | | | | 4,611 | | | | 5.950 | % | | 09/2013 | | | 381 | | | | 4,496 | |
Foxboro, MA | | (b) | | | 5,791 | | | | 6.000 | % | | 01/2014 | | | 3,399 | | | | - | |
Moody, AL | | | | | 6,599 | | | | 4.978 | % | | 01/2014 | | | 493 | | | | 6,350 | |
Arlington, TX | | | | | 19,272 | | | | 5.810 | % | | 02/2014 | | | 1,551 | | | | 18,588 | |
Redmond, OR | | | | | 8,840 | | | | 5.616 | % | | 04/2014 | | | 697 | | | | 8,484 | |
Clive, IA | | (r) | | | 5,385 | | | | 5.139 | % | | 05/2014 | | | 387 | | | | 5,151 | |
Fort Mill, SC | | | | | 18,939 | | | | 5.373 | % | | 05/2014 | | | 1,364 | | | | 18,311 | |
Philadelphia, PA | | (e) | | | 45,314 | | | | 5.060 | % | | 07/2014 | | | 3,178 | | | | 43,520 | |
Fishers, IN | | | | | 10,981 | | | | 6.375 | % | | 08/2014 | | | 932 | | | | 10,466 | |
Columbus, IN | | (i) | | | 25,831 | | | | 6.150 | % | | 09/2014 | | | 1,611 | | | | 25,831 | |
Las Vegas, NV | | (i) | | | 31,428 | | | | 6.150 | % | | 09/2014 | | | 1,960 | | | | 31,427 | |
Memphis, TN | | (i) | | | 46,253 | | | | 6.150 | % | | 09/2014 | | | 2,884 | | | | 46,253 | |
Columbus, IN | | (i) | | | 591 | | | | 7.500 | % | | 09/2014 | | | 54 | | | | 568 | |
Las Vegas, NV | | (i) | | | 719 | | | | 7.500 | % | | 09/2014 | | | 66 | | | | 691 | |
Memphis, TN | | (i) | | | 1,058 | | | | 7.500 | % | | 09/2014 | | | 97 | | | | 1,017 | |
Issaquah, WA | | (b) | | | 31,213 | | | | 5.665 | % | | 12/2014 | | | 2,113 | | | | 30,388 | |
Canonsburg, PA | | (b) | | | 9,085 | | | | 5.426 | % | | 12/2014 | | | 489 | | | | 9,095 | |
Chicago, IL | | (b) | | | 29,513 | | | | 5.639 | % | | 01/2015 | | | 1,548 | | | | 29,900 | |
Greenville, SC | | | | | 9,000 | | | | 5.500 | % | | 01/2015 | | | 495 | | | | 9,000 | |
Carrollton, TX | | | | | 12,786 | | | | 5.530 | % | | 01/2015 | | | 993 | | | | 12,022 | |
Herndon, VA | | (b) | | | 11,024 | | | | 5.885 | % | | 04/2015 | | | 888 | | | | 10,359 | |
Franklin, NC | | | | | 661 | | | | 8.500 | % | | 04/2015 | | | 271 | | | | - | |
Kalamazoo, MI | | | | | 16,033 | | | | 5.411 | % | | 05/2015 | | | 1,189 | | | | 15,087 | |
Glen Allen, VA | | (b) | | | 19,085 | | | | 5.377 | % | | 05/2015 | | | 1,292 | | | | 18,321 | |
Houston, TX | | | | | 15,374 | | | | 5.160 | % | | 05/2015 | | | 1,114 | | | | 14,431 | |
Rockaway, NJ | | | | | 14,900 | | | | 5.292 | % | | 05/2015 | | | 799 | | | | 14,900 | |
Houston, TX | | | | | 12,014 | | | | 5.210 | % | | 05/2015 | | | 874 | | | | 11,282 | |
Indianapolis, IN | | | | | 11,937 | | | | 5.160 | % | | 05/2015 | | | 865 | | | | 11,205 | |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Consolidated Properties: Mortgages and Notes Payable
6/30/2012
Property | | Footnotes | | Debt Balance ($000) | | | Interest Rate (%) | | | Maturity(a) | | Current Estimated Annual Debt Service ($000) (d) | | | Balloon Payment ($000) | |
San Antonio, TX | | | | | 11,875 | | | | 5.340 | % | | 05/2015 | | | 875 | | | | 11,167 | |
Suwanee, GA | | | | | 11,004 | | | | 5.260 | % | | 05/2015 | | | 751 | | | | 10,502 | |
Los Angeles, CA | | | | | 10,386 | | | | 5.110 | % | | 05/2015 | | | 750 | | | | 9,760 | |
Richmond, VA | | | | | 9,632 | | | | 5.310 | % | | 05/2015 | | | 708 | | | | 9,055 | |
Harrisburg, PA | | �� | | | 8,305 | | | | 5.110 | % | | 05/2015 | | | 599 | | | | 7,792 | |
Knoxville, TN | | | | | 7,083 | | | | 5.310 | % | | 05/2015 | | | 520 | | | | 6,658 | |
McDonough, GA | | | | | 11,986 | | | | 5.212 | % | | 06/2015 | | | 836 | | | | 11,349 | |
Mission, TX | | | | | 5,764 | | | | 5.783 | % | | 06/2015 | | | 462 | | | | 5,371 | |
Carrollton, TX | | (b) | | | 19,518 | | | | 5.725 | % | | 07/2015 | | | 1,382 | | | | 18,710 | |
Elizabethtown, KY | | (j) | | | 14,349 | | | | 4.990 | % | | 07/2015 | | | 1,046 | | | | 13,376 | |
Hopkinsville, KY | | | | | 8,417 | | | | 4.990 | % | | 07/2015 | | | 614 | | | | 7,846 | |
Dry Ridge, KY | | (n) | | | 4,787 | | | | 4.990 | % | | 07/2015 | | | 349 | | | | 4,463 | |
Owensboro, KY | | (n) | | | 4,202 | | | | 4.990 | % | | 07/2015 | | | 306 | | | | 3,917 | |
Elizabethtown, KY | | (j) | | | 2,711 | | | | 4.990 | % | | 07/2015 | | | 198 | | | | 2,527 | |
Houston, TX | | (b) | | | 36,072 | | | | 6.250 | % | | 09/2015 | | | 8,385 | | | | 18,161 | |
Sugar Land, TX | | (b) | | | 9,459 | | | | 6.250 | % | | 09/2015 | | | 2,139 | | | | 6,286 | |
The Woodlands, TX | | | | | 13,895 | | | | 8.036 | % | | 09/2015 | | | 3,445 | | | | 6,925 | |
Houston, TX | | | | | 4,076 | | | | 8.036 | % | | 09/2015 | | | 950 | | | | 2,203 | |
Temple, TX | | | | | 8,101 | | | | 6.090 | % | | 01/2016 | | | 668 | | | | 7,446 | |
Bridgewater, NJ | | | | | 14,584 | | | | 5.732 | % | | 03/2016 | | | 1,035 | | | | 13,825 | |
Omaha, NE | | | | | 8,189 | | | | 5.610 | % | | 04/2016 | | | 621 | | | | 7,560 | |
Bremerton, WA | | | | | 5,987 | | | | 6.090 | % | | 04/2016 | | | 494 | | | | 5,465 | |
Tempe, AZ | | | | | 7,734 | | | | 5.610 | % | | 04/2016 | | | 586 | | | | 7,140 | |
Byhalia, MS | | | | | 15,000 | | | | 4.710 | % | | 06/2016 | | | 707 | | | | 15,000 | |
Lisle, IL | | | | | 9,978 | | | | 6.500 | % | | 06/2016 | | | 793 | | | | 9,377 | |
Farmers Branch, TX | | (b) | | | 18,471 | | | | 5.939 | % | | 07/2016 | | | 1,136 | | | | 18,363 | |
Rochester, NY | | (f) | | | 17,940 | | | | 6.210 | % | | 08/2016 | | | 1,383 | | | | 16,765 | |
Statesville, NC | | (f) | | | 13,455 | | | | 6.210 | % | | 08/2016 | | | 1,037 | | | | 12,574 | |
Rockford, IL | | (f) | | | 6,585 | | | | 6.210 | % | | 08/2016 | | | 508 | | | | 6,153 | |
Glenwillow, OH | | | | | 16,207 | | | | 6.130 | % | | 09/2016 | | | 1,240 | | | | 15,132 | |
Plymouth, IN | | | | | 6,188 | | | | 6.315 | % | | 09/2016 | | | 497 | | | | 5,723 | |
Tomball, TX | | | | | 8,728 | | | | 6.063 | % | | 11/2016 | | | 683 | | | | 8,023 | |
Memphis, TN | | | | | 3,770 | | | | 5.710 | % | | 01/2017 | | | 275 | | | | 3,484 | |
Huntington, WV | | | | | 6,500 | | | | 4.150 | % | | 02/2017 | | | 270 | | | | 6,500 | |
Orlando, FL | | | | | 9,924 | | | | 5.722 | % | | 02/2017 | | | 696 | | | | 9,309 | |
Dubuque, IA | | | | | 9,823 | | | | 5.402 | % | | 06/2017 | | | 733 | | | | 8,725 | |
Shreveport, LA | | | | | 19,000 | | | | 5.690 | % | | 07/2017 | | | 1,096 | | | | 19,000 | |
McDonough, GA | | | | | 23,000 | | | | 6.110 | % | | 11/2017 | | | 1,514 | | | | 21,651 | |
Lorain, OH | | (b) | | | 1,232 | | | | 7.750 | % | | 07/2018 | | | 108 | | | | - | |
Manteca, CA | | (b) | | | 870 | | | | 7.750 | % | | 07/2018 | | | 77 | | | | - | |
Watertown, NY | | (b) | | | 818 | | | | 7.750 | % | | 07/2018 | | | 72 | | | | - | |
Lewisburg, WV | | (b) | | | 575 | | | | 7.750 | % | | 07/2018 | | | 51 | | | | - | |
San Diego, CA | | (b) | | | 555 | | | | 7.750 | % | | 07/2018 | | | 49 | | | | - | |
Galesburg, IL | | (b) | | | 488 | | | | 7.750 | % | | 07/2018 | | | 43 | | | | - | |
Erwin, NY | | | | | 8,361 | | | | 5.910 | % | | 10/2018 | | | 728 | | | | 6,624 | |
Boston, MA | | | | | 13,075 | | | | 6.100 | % | | 12/2018 | | | 996 | | | | 11,520 | |
North Berwick, ME | | | | | 9,282 | | | | 3.560 | % | | 04/2019 | | | 1,532 | | | | - | |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Consolidated Properties: Mortgages and Notes Payable
6/30/2012
Property | | Footnotes | | Debt Balance ($000) | | | Interest Rate (%) | | | Maturity(a) | | Current Estimated Annual Debt Service ($000) (d) | | | Balloon Payment ($000) | |
Overland Park, KS | | (b) | | | 36,036 | | | | 5.891 | % | | 05/2019 | | | 2,657 | | | | 31,867 | |
Kansas City, MO | | (b) | | | 17,208 | | | | 5.883 | % | | 05/2019 | | | 1,268 | | | | 15,182 | |
Meridian, ID | | | | | 9,303 | | | | 6.010 | % | | 08/2019 | | | 753 | | | | 7,658 | |
Streetsboro, OH | | (b) | | | 18,626 | | | | 5.749 | % | | 09/2019 | | | 1,344 | | | | 16,338 | |
The Woodlands, TX | | (r) | | | 7,445 | | | | 6.507 | % | | 11/2019 | | | 563 | | | | 6,692 | |
Lenexa, KS | | | | | 9,414 | | | | 6.270 | % | | 12/2019 | | | 774 | | | | 7,755 | |
Boca Raton, FL | | | | | 20,400 | | | | 6.470 | % | | 02/2020 | | | 1,542 | | | | 18,383 | |
Oakland, ME | | | | | 9,519 | | | | 5.930 | % | | 10/2020 | | | 750 | | | | 7,660 | |
Lavonia, GA | | | | | 8,658 | | | | 5.460 | % | | 12/2020 | | | 741 | | | | 5,895 | |
Wall, NJ | | (b) | | | 24,594 | | | | 6.250 | % | | 01/2021 | | | 3,312 | | | | - | |
Sugar Land, TX | | | | | 9,014 | | | | 5.640 | % | | 01/2021 | | | 692 | | | | 7,018 | |
Charleston, SC | | | | | 7,350 | | | | 5.850 | % | | 02/2021 | | | 436 | | | | 6,632 | |
Whippany, NJ | | | | | 15,166 | | | | 6.298 | % | | 11/2021 | | | 1,344 | | | | 10,400 | |
Baltimore, MD | | | | | 55,000 | | | | 4.320 | % | | 06/2023 | | | 2,376 | | | | 47,676 | |
Chester, SC | | | | | 10,814 | | | | 5.380 | % | | 08/2025 | | | 1,144 | | | | 362 | |
Subtotal/Wtg. Avg./Years Remaining(l) | | | | $ | 1,464,811 | | | | 5.684 | % | | 3.6 | | $ | 116,500 | | | $ | 1,305,159 | |
| | | | | | | | | | | | | | | | | | | | |
Corporate | | | | | | | | | | | | | | | | | | | | |
Revolving Credit Facility | | (s) | | $ | 57,450 | | | | 2.489 | % | | 07/2014 | | $ | 1,450 | | | $ | 57,450 | |
Revolving Credit Facility | | (k) (m) | | | 35,000 | | | | 2.114 | % | | 01/2015 | | | 750 | | | | 35,000 | |
Term Loan | | (k) | | | 206,000 | | | | 3.758 | % | | 01/2019 | | | 7,849 | | | | 206,000 | |
Convertible Notes | | (o)(c) | | | 115,000 | | | | 6.000 | % | | 01/2030 | | | 6,900 | | | | 115,000 | |
Trust Preferred Notes | | (g) | | | 129,120 | | | | 6.804 | % | | 04/2037 | | | 8,785 | | | | 129,120 | |
Subtotal/Wtg. Avg./Years Remaining(l) | | | | $ | 542,570 | | | | 4.718 | % | | 9.7 | | $ | 25,734 | | | $ | 542,570 | |
Total/Wtg. Avg./Years Remaining(l) | | | | $ | 2,007,381 | | | | 5.423 | % | | 5.2 | | $ | 142,234 | | | $ | 1,847,729 | |
Footnotes
| (a) | Subtotal and total based on weighted average term to maturity (or put dates) shown in years based on debt balance. |
| (b) | Debt balances based upon imputed interest rates. |
| (c) | Represents full payable of notes, discount of $8,882 excluded from balance. |
| (d) | Remaining payments for debt with less than 12 months to maturity, all others are debt service for next 12 months. |
| (e) | Lexington has an 80.5% interest in this property. |
| (f) | Properties are cross-collateralized. |
| (g) | Rate fixed through 04/2017, thereafter LIBOR plus 170 bps. |
| (h) | Maturity date represents lender call date. |
| (i) | Properties are cross-collateralized. |
| (j) | Properties are cross-collateralized. |
| (k) | Secured by a borrowing base of properties. |
| (l) | Total shown may differ from detailed amounts due to rounding. |
| (m) | Maturity can be extended to 01/2016 at Lexington's option. |
| (n) | Properties are cross-collateralized. |
| (o) | Holders have the right to redeem the notes on 01/15/17, 01/15/20 and 01/15/25. |
| (p) | Mortgage satisfied subsequent to 6/30/2012. |
| (q) | Loan has hyper-amortization option. |
| (r) | Debt service payments have been suspended. |
| (s) | Collateralized by 17 properties and interest of LIBOR plus 225 bps, subject to adjustment. |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Non- Consolidated Investments: Mortgages & Notes Payable
6/30/2012
Joint Venture | | Debt Balance ($000) | | | LXP Proportionate Share ($000)(3) | | | Interest Rate (%) | | | Maturity | | | Current Estimated Annual Debt Service ($000) | | | Balloon Payment ($000) | | | Proportionate Share Balloon Payment ($000)(3) | |
Oklahoma TIC | | $ | 14,329 | | | $ | 5,732 | | | | 5.240 | % | | | 05/2015 | | | $ | 976 | | | $ | 13,673 | | | $ | 5,469 | |
One Summit | | | 11,809 | | | | 3,543 | | | | 9.375 | % | | | 10/2016 | | | | 3,344 | | | | - | | | | - | |
One Summit | | | 7,866 | | | | 2,360 | | | | 10.625 | % | | | 11/2016 | | | | 2,239 | | | | - | | | | - | |
Rehab Humble Lessee | | | 15,245 | | | | 2,287 | | | | 4.700 | % | | | 05/2017 | | | | 950 | | | | 13,982 | | | | 2,097 | |
Total/Wtg. Avg.(1)/Years Remaining(2) | | $ | 49,249 | | | $ | 13,922 | | | | 7.12 | % | | | 3.8 | | | $ | 7,509 | | | $ | 27,655 | | | $ | 7,566 | |
Footnotes
| (1) | Weighted average interest rate based on proportionate share. |
| (2) | Weighted average years remaining on maturities based on proportionate debt balance. |
| (3) | Total balance shown may differ from detailed amounts due to rounding. |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Select Credit Metrics
| | Actual 6/30/2011 | | | Proforma 6/30/2012 (1) | |
| | | | | | |
Company FFO Payout Ratio | | | 47.9% | | | | 56.6% | |
| | | | | | | | |
Non-mortgaged Assets | | $ | 1.33 billion | | | $ | 1.41 billion | |
| | | | | | | | |
Debt + Preferred / Gross Assets | | | 50.2% | | | | 48.0% | |
| | | | | | | | |
Debt/Gross Assets | | | 42.2% | | | | 42.7% | |
| | | | | | | | |
Secured Debt / Gross Assets | | | 34.9% | | | | 37.5% | |
| | | | | | | | |
Net Debt / EBITDA | | | 5.7 times | | | | 6.0 times | |
| | | | | | | | |
Net Debt + Preferred / EBITDA | | | 6.8 times | | | | 6.8 times | |
| | | | | | | | |
Credit Line Availability | | $ | 295.9 million | | | $ | 261.3 million | |
| | | | | | | | |
Development / Gross Assets | | | 0.3% | | | | 1.5% | |
| | | | | | | | |
EBITDA / Revenue | | | 79.0% | | | | 80.4% | |
| | | | | | | | |
EBITDA / PrefDiv + Interest Expense | | | 2.3 times | | | | 2.4 times | |
| | | | | | | | |
JV + Advisory Income / Revenues | | | 7.0% | | | | 1.0% | |
(1) Reflects the operations of Net Lease Strategic Assets Fund and Lexington on a proforma combined basis and assumes a $0.60 annual dividend.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Revenue Data
6/30/2012
($000)
Asset Class | | Cash Base Rent as of 6/30/12 (1) | | | Percentage | |
Office | | $ | 105,783 | | | | 59.2 | % |
Long-term leases | | $ | 29,458 | | | | 16.5 | % |
Industrial | | $ | 29,298 | | | | 16.4 | % |
Multi-tenant | | $ | 10,901 | | | | 6.1 | % |
Retail/Specialty | | $ | 3,167 | | | | 1.8 | % |
| | $ | 178,607 | | | | 100.0 | % |
| | | | | | | | |
Credit Ratings(2) | | | | | | | | |
Investment Grade | | $ | 92,266 | | | | 51.7 | % |
Non-Investment Grade | | $ | 26,078 | | | | 14.6 | % |
Unrated | | $ | 60,263 | | | | 33.7 | % |
| | $ | 178,607 | | | | 100.0 | % |
Footnotes
| (1) | Six months ended 6/30/2012 cash rent recognized for consolidated properties and Net Lease Strategic Assets Fund properties owned as of 6/30/2012. |
| (2) | Credit ratings are based upon either tenant, guarantor or parent. Generally, all multi-tenant assets are included in unrated. |
Net Lease Strategic Assets Fund
Acquisition of Net Lease Strategic Assets Fund L.P.
Supplemental Financial Disclosure
($000)
| | June 30, 2012 | | | December 31, 2011 | |
Real estate, including intangibles, net | | $ | 559,245 | | | $ | 577,280 | |
Cash, including restricted cash | | $ | 11,478 | | | $ | 12,319 | |
Mortgages and notes payable | | $ | 259,033 | | | $ | 266,136 | |
| | Six months ended June 30, | |
| | 2012 | | | 2011 | |
Total gross revenues | | $ | 27,742 | | | $ | 30,954 | |
Depreciation and amortization | | | (14,653 | ) | | | (16,299 | ) |
Interest expense | | | (7,185 | ) | | | (8,323 | ) |
Other expense, net | | | (2,569 | ) | | | (1,824 | ) |
Net income from continuing operations | | | 3,335 | | | | 4,508 | |
Total discontinued operations | | | (517 | ) | | | 241 | |
Net income | | $ | 2,818 | | | $ | 4,749 | |
| | | | | | | | |
Funds from operations, as adjusted | | $ | 18,360 | | | $ | 20,312 | |
| | | | | | | | |
Debt/Gross Assets | | | 37.5 | % | | | 37.2 | % |
Net Debt/EBITDA | | | 5.1 times | | | | 5.1 times | |
Interest Coverage | | | 3.6 times | | | | 2.8 times | |
Supplemental Revenue Data
Asset Class | | GAAP Base Rent as of 6/30/12 (1) | | | Percentage | |
Office | | $ | 17,572 | | | | 64.6 | % |
Industrial | | $ | 8,653 | | | | 31.8 | % |
Other | | $ | 992 | | | | 3.6 | % |
| | $ | 27,217 | | | | 100.0 | % |
Credit Ratings (2) | | GAAP Base Rent as of 6/30/12 (1) | | | Percentage | |
Investment Grade | | $ | 14,325 | | | | 52.6 | % |
Non-Investment Grade | | $ | 3,886 | | | | 14.3 | % |
Unrated | | $ | 9,006 | | | | 33.1 | % |
| | $ | 27,217 | | | | 100.0 | % |
Footnotes
(1) Six months ended 6/30/2012 GAAP base rent recognized for consolidated properties owned as of 6/30/2012.
(2) Credit ratings are based upon either tenant, guarantor or parent.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Top 20 Markets
6/30/2012
| | | Core Based Statistical Area(2) | | Percent of Cash Base Rent as of 6/30/12 (1) | |
| 1 | | | Houston-Sugar Land-Baytown, TX | | | 8.9 | % |
| 2 | | | Dallas-Fort Worth-Arlington, TX | | | 7.8 | % |
| 3 | | | Boston-Cambridge-Quincy, MA-NH | | | 5.1 | % |
| 4 | | | Memphis, TN-MS-AR | | | 4.2 | % |
| 5 | | | Atlanta-Sandy Springs-Marietta, GA | | | 3.9 | % |
| 6 | | | Baltimore-Towson, MD | | | 3.4 | % |
| 7 | | | Los Angeles-Long Beach-Santa Ana, CA | | | 3.2 | % |
| 8 | | | Kansas City, MO-KS | | | 3.2 | % |
| 9 | | | Phoenix-Mesa-Scottsdale, AZ | | | 2.9 | % |
| 10 | | | New York-Northern New Jersey-Long Island, NY-NJ-PA | | | 2.9 | % |
| 11 | | | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | | | 2.3 | % |
| 12 | | | Las Vegas-Paradise, NV | | | 2.3 | % |
| 13 | | | Chicago-Naperville-Joliet, IL-IN-WI | | | 2.1 | % |
| 14 | | | Detroit-Warren-Livonia, MI | | | 2.1 | % |
| 15 | | | Indianapolis-Carmel, IN | | | 2.0 | % |
| 16 | | | Columbus, OH | | | 2.0 | % |
| 17 | | | Orlando-Kissimmee, FL | | | 1.8 | % |
| 18 | | | Charlotte-Gastonia-Concord, NC-SC | | | 1.8 | % |
| 19 | | | Washington-Arlington-Alexandria, DC-VA-MD-WV | | | 1.5 | % |
| 20 | | | San Antonio, TX | | | 1.5 | % |
| | | | Total Top 20 Markets(3) | | | 65.1 | % |
Footnotes
(1) | Six months ended 6/30/2012 cash rent recognized for consolidated properties and Net Lease Strategic Assets Fund properties owned as of 6/30/2012. |
(2) | A Core Based Statistical Area is the official term for a functional region based around an urban center of at least 10,000 people, based on standards published by the Office of Management and Budget (OMB) in 2000. These standards are used to replace the definitions of metropolitan areas that were defined in 1990. |
(3) | Total shown may differ from detailed amounts due to rounding. |
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Tenant Industry Diversification
6/30/2012
Industry Category | | Percent of Cash Base Rent as of 6/30/2012 (1) (2) | |
Technology | | | 13.9 | % |
Energy | | | 13.5 | % |
Finance/Insurance | | | 13.4 | % |
Automotive | | | 9.3 | % |
Consumer Products | | | 6.5 | % |
Telecommunications | | | 6.2 | % |
Service | | | 5.5 | % |
Transportation/Logistics | | | 5.4 | % |
Food | | | 4.6 | % |
Healthcare | | | 4.6 | % |
Media/Advertising | | | 3.4 | % |
Construction/Materials | | | 3.1 | % |
Printing/Production | | | 2.9 | % |
Aerospace/Defense | | | 2.4 | % |
Apparel | | | 1.4 | % |
Education | | | 1.0 | % |
Real Estate | | | 1.0 | % |
Retail Specialty | | | 1.0 | % |
Retail Department | | | 0.7 | % |
Retail Electronics | | | 0.2 | % |
| | | 100.0 | % |
Footnotes
(1) Six months ended 6/30/2012 cash rent recognized for consolidated properties and Net Lease Strategic Assets Fund properties owned as of 6/30/2012.
(2) Total shown may differ from detailed amounts due to rounding.
LEXINGTON REALTY TRUST
Acquisition of Net Lease Strategic Assets Fund L.P.
Proforma Top 10 Tenants or Guarantors
6/30/2012
Tenants or Guarantors | | Number of Leases | | | Sq. Ft. Leased | | | Sq. Ft. Leased as a Percent of Consolidated Portfolio (2) | | | Cash Base Rent as of 6/30/2012 ($000) (1) | | | Percent of Cash Base Rent as of 6/30/2012 ($000) (1) (2) | |
Baker Hughes, Inc. | | | 4 | | | | 1,061,471 | | | | 2.6 | % | | $ | 10,711 | | | | 6.0 | % |
Invensys Systems, Inc. (Siebe, Inc.) | | | 2 | | | | 416,603 | | | | 1.0 | % | | $ | 6,281 | | | | 3.5 | % |
Metalsa Structural Products, Inc. / Dana Structural Products, LLC (Dana Holding Corporation and Dana Limited) | | | 7 | | | | 2,053,359 | | | | 5.0 | % | | $ | 5,164 | | | | 2.9 | % |
Bank of America, National Association | | | 8 | | | | 691,893 | | | | 1.7 | % | | $ | 4,779 | | | | 2.7 | % |
Nevada Power Company | | | 1 | | | | 282,000 | | | | 0.7 | % | | $ | 4,035 | | | | 2.3 | % |
Federal Express Corporation | | | 2 | | | | 647,499 | | | | 1.6 | % | | $ | 3,643 | | | | 2.0 | % |
Morgan, Lewis & Bockius LLP (3) | | | 1 | | | | 289,432 | | | | 0.7 | % | | $ | 3,485 | | | | 2.0 | % |
Swiss Re America Holding Corporation / Westport Insurance Corporation | | | 2 | | | | 476,123 | | | | 1.1 | % | | $ | 3,483 | | | | 2.0 | % |
CEVA Logistics U.S., Inc. (TNT Logistics Holdings, B.V.) | | | 3 | | | | 2,503,916 | | | | 6.0 | % | | $ | 3,377 | | | | 1.9 | % |
T-Mobile USA, Inc. | | | 5 | | | | 386,078 | | | | 0.9 | % | | $ | 3,293 | | | | 1.8 | % |
| | | 35 | | | | 8,808,374 | | | | 21.3 | % | | $ | 48,251 | | | | 27.0 | % |
Footnotes
(1) Six months ended 6/30/2012 cash rent recognized for consolidated properties and Net Lease Strategic Assets Fund properties owned as of 6/30/2012.
(2) Total shown may differ from detailed amounts due to rounding.
(3) Includes parking garage operations. Lexington has an 80.5% interest in this property.