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Investments in Real Estate (Tables)
 12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Schedule of Net Real Estate
The Company's Real estate, net, consists of the following at December 31, 2025 and 2024:
20252024
Real estate, at cost:
Buildings and building improvements
$3,539,607 $3,765,387 
Land, land estates and land improvements
366,881 399,685 
Construction in progress
1,997 11,222 
Real estate intangibles:
In-place lease values
298,939 308,266 
Tenant relationships
6,795 9,498 
Above-market leases
107 680 
Land held for development82,971 82,827 
Investments in real estate under construction41,769 5,947 
4,339,066 4,583,512 
Accumulated depreciation and amortization(1)
(1,151,513)(1,047,166)
Real estate, net $3,187,553 $3,536,346 
(1)Includes accumulated amortization of real estate intangible assets of $219,174 and $209,172 in 2025 and 2024, respectively. The estimated amortization of the above real estate intangible assets for the next five years is $22,301 in 2026, $16,748 in 2027, $12,426 in 2028, $11,167 in 2029 and $8,136 in 2030.
As of December 31, 2025, the details of the development arrangements outstanding are as follows (in $000s, except square feet):
Project (% owned)# of BuildingsMarketEstimated
Sq. Ft. 		Estimated Project Cost
GAAP Investment Balance as of 12/31/2025(1)
LXP Amount Funded as of 12/31/2025(2)
Estimated Base Building Completion Date
% Leased as of 12/31/2025
Redevelopment Projects
Orlando (100%)(3)
1Central FL350,990 $9,400 $16,402 $2,471 3Q 2026— %
Richmond (100%)(4)
1Richmond, VA252,351 3,900 12,884 1,219 2Q 2026— %
Total Redevelopment Projects2603,341 $13,300 $29,286 $3,690 
Land Infrastructure Improvements
Reems & Olive (95.5%)(5)
N/APhoenix, AZN/A16,350 12,483 14,771 N/AN/A
Total2603,341 $29,650 $41,769 $18,461 
(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. Estimated project costs exclude estimated tenant improvements and leasing costs.
(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. Estimated project costs exclude estimated tenant improvements and leasing costs.
(5)    Represents infrastructure development costs to prepare the land for vertical development.
As of December 31, 2025, the details of the land held for industrial development are as follows (in $000s, except acres):
Project (% owned)MarketApproximate Acres (unaudited)
GAAP Investment Balance as of
 12/31/2025
LXP Amount Funded
as of
12/31/2025(1)
Consolidated
Reems & Olive (95.5%)
Phoenix, AZ315$75,359 $74,288 
Mt. Comfort Phase II (80%)
Indianapolis, IN1165,879 4,761 
ATL Fairburn (100%)
Atlanta, GA141,733 1,779 
Total Consolidated Land Projects
445$82,971 $80,828 
(1)Excludes noncontrolling interests' share.
Schedule of Below Market Lease, Future Amortization Income The estimated accretion for the next five years:
Years ending December 31,
Estimated Accretion
2026$1,028 
2027782 
2028494 
2029494 
2030218 
$3,016 
Schedule Of Acquired Properties
The Company acquired or completed and placed into service the following assets during 2025 and 2024:
2025:
Market (% owned)
Acquisition/ Placed in Service DateInitial
Cost
Basis		Primary Lease ExpirationLandBuilding and ImprovementsLease in-place Value Intangible
Atlanta, GA (100%)
September 2025$30,022 09/2030$4,838 $20,692 $4,492 
Weighted-average life of intangible assets (years)
4.6

2024:
Market (% owned)
Acquisition/ Placed in Service Date
Initial
Cost
Basis (1)
Primary Lease ExpirationLandBuilding and ImprovementsLease in-place Value Intangible
Phoenix, AZ (100%)
February 2024$52,767 01/2031$9,449 $43,318 $— 
Central Florida (80%)(2)
February 202480,825 N/A10,618 70,207 — 
Indianapolis, IN (80%)(2)
February 202464,285 N/A5,126 59,159 — 
Greenville/Spartanburg, SC (90%)(2)
April 202473,414 N/A6,765 66,649 — 
Central Florida (100%)(2)
June 202419,021 N/A4,493 14,528 — 
Central Florida (100%)(3)
July 202412,401 N/A2,752 9,649 — 
Columbus, OH (100%)
August 202423,879 10/20293,113 20,766 — 
Savannah, GA (100%)
October 202434,267 01/20345,612 25,602 3,053 
Atlanta, GA (100%)
November 202447,897 08/20272,728 41,180 3,989 
Atlanta, GA (100%)
November 202430,238 05/20292,378 25,861 1,999 
Houston, TX (100%)
November 202445,202 02/20346,084 28,526 10,592 
Greenville/Spartanburg, SC (100%)(4)
December 202466,324 12/20363,163 63,161 — 
$550,520 $62,281 $468,606 $19,633 
Weighted-average life of intangible assets (years)
7.3
(1)Initial basis excludes certain remaining costs, such as tenant improvements, lease costs and developer incentive fees or partner promotes, if any.
(2)The facility was placed in service vacant one year after the completion of base building construction in accordance with the Company's policy.
(3)During 2024, the remaining portion of the facility, representing 58% of the facility, was placed in service vacant one year after the completion of base building construction. During 2023, a 57,690 square foot portion of the facility, representing 42% of the facility, was occupied by a tenant and placed into service.
(4)During 2024, the Company acquired a 59.1-acre land parcel for a purchase price of $3,416 and commenced construction of a build-to-suit facility subject to a 12-year lease, which was occupied by the tenant and placed into service in December 2024.