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August 1, 2006

By Michelle Napoli

One of the most established net lease REITs and one of the newest plan to merge into a more diversified company with what the two pin down as a business enterprise value of $4.6 billion. When Lexington Corporate Properties Trust of New York City and Newkirk Realty Trust Inc. of Boston and Jericho, NY, combine, the newly created Lexington Realty Trust will be second among public net lease REITs by that same business enterprise value measure.

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