Investments in Real Estate (Tables)

6 Months Ended

Jun. 30, 2025

Real Estate [Abstract]

Schedule of Real Estate Properties

As of June 30, 2025, the details of the development arrangements outstanding are as follows (in $000's, except square feet):

Project (% owned)	# of Buildings	Market	Estimated Sq. Ft.	Estimated Project Cost		GAAP Investment Balance as of 6/30/2025(1)		LXP Amount Funded as of 6/30/2025(2)		Estimated Base Building Completion Date	% Leased as of 6/30/2025
Redevelopment Project
Orlando (100.0%)(3)	1	Central, FL	350,990	$	9,400	$	14,303	$	254	1Q 2026	—	%
Richmond (100.0%)(4)	1	Richmond, VA	252,351	3,700		11,244		201		1Q 2026	—	%
Total Redevelopment Projects	2		603,341	$	13,100	$	25,547	$	455
Land Infrastructure Improvements
Reems & Olive (95.5%)(5)	N/A	Phoenix, AZ	N/A	15,381		8,188		8,446		N/A	N/A
Total	2		603,341	$	28,481	$	33,735	$	8,901

(1)    Excludes leasing costs, incomplete costs and developer incentive fees or partner promotes if any.

(2)    Excludes noncontrolling interests' share.

(3)    During the quarter ended June 30, 2025, the tenant vacated the building and the Company began redeveloping the property.

(4)    During the quarter ended March 31, 2025, the tenant vacated the building, which is part of a four building integrated campus, and the Company began redeveloping the property into a standalone warehouse and distribution facility.

(5)    Represents infrastructure development costs to prepare the land for vertical development.

As of June 30, 2025, the details of the land held for industrial development are as follows (in $000's, except acres):

Project (% owned)	Market	Approx. Developable Acres	GAAP Investment Balance as of  6/30/2025		LXP Amount Funded as of 6/30/2025(1)
Reems & Olive (95.5%)	Phoenix, AZ	315	$	75,352	$	74,239
Mt. Comfort Phase II (80.0%)	Indianapolis, IN	116	5,861		4,738
ATL Fairburn (100.0%)	Atlanta, GA	14	1,732		1,768
		445	$	82,945	$	80,745

(1)    Excludes noncontrolling interests' share.