NEW YORK - The law firm of Katten Muchin Rosenman LLP is pleased to have served as legal counsel to Newkirk Realty Trust, a NYSE listed real estate investment trust (REIT) with a diversified portfolio of single-tenant net-leased properties, in the completion of its recent merger with Lexington Realty Trust. The combined company (NYSE: LXP) is believed to be the largest publicly traded, single tenant-focused REIT in the U.S.
Mark I. Fisher, a New York-based partner in Katten’s Corporate Practice, acted as lead counsel for Newkirk. Additional members of the Firm’s legal team that were involved in the transaction included partners Elliot Press and Jill E. Darrow, special counsel Tania Balthazaar, and associates Michael H. Williams, Audrey Chen, Gabrielle Lawlor, Christine Terlep and Jarrod Weber, all of the New York office.
With the completion of the merger, the combined company now has ownership interests in approximately 365 properties, located in 44 U.S. states and The Netherlands. These properties contain an aggregate of approximately 58.8 million net rentable square feet of space, more than 97 percent of which is subject to a lease.
Katten’s Corporate Practice encompasses mergers, acquisitions and divestitures, public and private debt and equity offerings, public company representation, REIT formation, institutional lending, securitizations, leveraged leasing, structured finance, start-up and venture capital financing, leveraged buy-outs, joint ventures and other strategic alliances, real estate finance, partnership tender offers and roll-ups and proxy contests.