Investments in Real Estate (Tables)

9 Months Ended

Sep. 30, 2025

Real Estate [Abstract]

Schedule Of Acquired Properties

The Company acquired the following warehouse facility during the third quarter ended September 30, 2025:

Market (% owned)	Initial Cost Basis		Primary Lease Expiration Date	Land		Building and Improvements		In-place Lease Intangible
Atlanta, GA (100%)	$	30,022	09/30	$	4,838	$	20,692	$	4,492
Weighted-average life of intangible assets (years)								4.6

Schedule of Real Estate Properties

As of September 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 9/30/2025(1)		LXP Amount Funded as of 9/30/2025(2)		Estimated Base Building Completion Date	% Leased as of 9/30/2025
Redevelopment Projects
Orlando (100.0%)(3)	1	Central FL	350,990	$	9,400	$	15,199	$	878	1Q 2026	—	%
Richmond (100.0%)(4)	1	Richmond, VA	252,351	3,800		11,734		504		1Q 2026	—	%
Total Redevelopment Projects	2		603,341	$	13,200	$	26,933	$	1,382
Land Infrastructure Improvements
Reems & Olive (95.5%)(5)	N/A	Phoenix, AZ	N/A	16,250		10,977		12,445		N/A	N/A
Total	2		603,341	$	29,450	$	37,910	$	13,827

(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 September 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  9/30/2025		LXP Amount Funded as of 9/30/2025(1)
Reems & Olive (95.5%)	Phoenix, AZ	315	$	75,661	$	74,517
Mt. Comfort Phase II (80.0%)	Indianapolis, IN	116	5,861		4,744
ATL Fairburn (100.0%)	Atlanta, GA	14	1,732		1,768
		445	$	83,254	$	81,029

(1)    Excludes noncontrolling interests' share.