LXP Industrial Trust (NYSE:LXP) is a self-administered real estate investment trust headquartered in Cleveland, Ohio, that focuses on the acquisition, ownership and management of industrial properties. The company’s portfolio consists primarily of warehouse, distribution and light manufacturing facilities, which it leases to a diversified tenant base serving e-commerce, third-party logistics and traditional manufacturing sectors.
LXP seeks properties in strategically important U.S. markets, including coastal gateway cities, intermodal hubs and inland distribution corridors. Its business model combines long-term lease structures with proactive asset management, allowing the trust to pursue development and redevelopment opportunities as well as selective property dispositions to optimize portfolio performance over time.
Founded in 2006, LXP Industrial Trust completed its initial public offering a few years later and expanded steadily through acquisitions and ground-up development. The company operated as a self-managed REIT, employing an in-house team responsible for property selection, transaction execution and ongoing property oversight. Its senior leadership included industry veterans with backgrounds in real estate finance, development and logistics.
In mid-2018, LXP Industrial Trust merged with Industrial Logistics Properties Trust, creating a combined industrial real estate platform designed to leverage scale in site selection, capital markets access and tenant service capabilities. The transaction positioned the merged entity as one of the nation’s largest owners of modern warehouse and distribution facilities.
