SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): November 28, 2001
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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
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
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355 Lexington Avenue New York, New York 10017
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(Address of Principal Executive Offices) (Zip Code)
(212) 692-7260
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Registrant's telephone number, including area code
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. Other Events
(a) On November 28, 2001, Lexington Corporate Properties Trust, a
Maryland statutory real estate investment trust ("Lexington"), expanded its
unsecured credit facility from $35 million to $60 million. The credit facility,
which matures in April 2004, is provided by Fleet National Bank ("Lender") and
bears interest at a rate of 150-250 basis points above LIBOR, depending on the
number of properties Lexington owns free and clear of mortgage debt.
(b) On December 5, 2001, Lexington entered into an expansion of its
existing joint venture relationship with The Comptroller of the State of New
York, as Trustee of the Common Retirement Fund (the "Fund"). The newly-formed
joint venture entity, Lexington Acquiport Company II, LLC, a Delaware limited
liability company ("LAC II"), will invest in single-tenant office and industrial
properties net-leased to major corporations throughout the United States.
Lexington and the Fund plan to make equity contributions to LAC II over time of
up to $50 million and $150 million, respectively. Lexington and the Fund had
previously entered into a similar joint venture in July 1999 through Lexington
Acquiport Company, LLC, a Delaware limited liability company ("LAC I"). LAC II
represents a continuation and extension of LAC I.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
99.1 Press release issued by Lexington, dated November 30,
2001, announcing the expansion of its unsecured credit
facility
99.2 Loan Assumption, First Modification And Ratification
Agreement, dated as of November 28, 2001, by and among
Lexington, Lepercq Corporate Income Fund L.P., Lepercq
Corporate Income Fund II L.P., and Net 3 Acquisition
L.P. in favor of Fleet National Bank
99.3 Press release issued by Lexington, dated December 10,
2001, announcing the expansion of its joint venture with
the Fund
99.4 Operating Agreement of LAC II, dated as of December 5,
2001
99.5 Management Agreement, dated as of December 5, 2001, by
and between LAC II and Lexington Realty Advisors, Inc.
99.6 First Amendment to Operating Agreement of LAC I, dated
as of December 5, 2001
99.7 First Amendment to Management Agreement, dated as of
December 5, 2001, by and between LAC I and Lexington
Realty Advisors, Inc.
SIGNATURES
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
LEXINGTON CORPORATE PROPERTIES TRUST
Date: December 21, 2001 By: /s/ T. Wilson Eglin
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T. Wilson Eglin
President
EXHIBIT INDEX
Exhibit No. Exhibit
99.1 Press release issued by Lexington, dated November 30, 2001,
announcing the expansion of its unsecured credit facility
99.2 Loan Assumption, First Modification And Ratification Agreement,
dated as of November 28, 2001, by and among Lexington, Lepercq
Corporate Income Fund L.P., Lepercq Corporate Income Fund II
L.P., and Net 3 Acquisition L.P. in favor of Fleet National Bank
99.3 Press release issued by Lexington, dated December 10, 2001,
announcing the expansion of its joint venture with the Fund
99.4 Operating Agreement of LAC II, dated as of December 5, 2001
99.5 Management Agreement, dated as of December 5, 2001, by and
between LAC II and Lexington Realty Advisors, Inc.
99.6 First Amendment to Operating Agreement of LAC I, dated as of
December 5, 2001
99.7 First Amendment to Management Agreement, dated as of December 5,
2001, by and between LAC I and Lexington Realty Advisors, Inc.