LXP Industrial Trust Named 2023 Green Lease Leader With Gold Recognition
April 14 2023 - 7:00AM
LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment
trust (REIT) focused on single-tenant warehouse/distribution real
estate investments, today announced that it was named a 2023 Green
Lease Leader, achieving a Gold recognition, by the Institution for
Market Transformation (IMT) and the U.S. Department of Energy's
(DOE) Better Buildings Alliance during the Better Buildings, Better
Plants Summit. Green Lease Leaders, which launched in 2014, sets
standards for green leasing and recognizes landlords and tenants
who modernize their leases by focusing on energy efficiency,
cost-savings, air quality improvement and sustainability in
buildings.
LXP’s Green Lease Leaders Gold recognition was
achieved through its green leasing practices, specifically LXP’s
disclosure of the policies and practices executed in leasing
transactions and demonstration of compliance and implementation of
prerequisites and credits pursued in obtaining green leases. To
receive this recognition, LXP qualified for credits in energy
efficiency and sustainability best practices, such as utility data
tracking and sharing, cost recovery for capital improvements and
sustainability training.
Leslie Moore, Senior Vice President and Director
of ESG and Corporate Operations, commented, “We are thrilled to
receive the 2023 Green Lease Leaders Gold recognition. At year-end
2022, LXP’s portfolio included approximately five million square
feet of green leases. We are proud of this accomplishment,
particularly given the net lease nature of most of our leases. We
look forward to further increasing our green lease footprint
through existing and new leases and remain committed to creating
value through sustainable practices at LXP.”
ABOUT LXP INDUSTRIAL TRUST
LXP Industrial Trust (NYSE: LXP) is a publicly
traded real estate investment trust (REIT) focused on single-tenant
warehouse and distribution investments across the United States.
LXP seeks to expand its portfolio through acquisitions, development
projects, and build-to-suit and sale/leaseback transactions. For
more information or to follow LXP on social media, visit
www.lxp.com.
This release contains certain forward-looking
statements which involve known and unknown risks, uncertainties and
other factors not under LXP’s control which may cause actual
results, performance or achievements of LXP to be materially
different from the results, performance, or other expectations
implied by these forward-looking statements. These factors include,
but are not limited to, those factors and risks detailed in LXP's
periodic filings with the Securities and Exchange Commission.
Except as required by law, LXP 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.
Contact:Investor or Media Inquiries for LXP
Industrial Trust:Heather Gentry, Senior Vice President, Investor
RelationsLXP Industrial TrustPhone: (212) 692-7200 E-mail:
hgentry@lxp.com
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