Lexington Realty Trust and Means Knaus Partners Form Joint Venture

""Lexington Realty Trust"":http://www.lxp.com/ and ""Means Knaus Partners, L.P."":http://www.meansknaus.com/, have teamed up to form Lexington MKP Management, L.P., which will perform property management and construction management services and oversee leasing and development for certain Lexington properties across the nation.

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Lexington Realty Trust, headquartered in New York, is a real estate investment trust that owns, invests in, and manages office, industrial, and retail properties net-leased to major corporations through the United States. In addition, the company provides investment advisory and asset management services to investors in the net-lease area.

""This new venture will capitalize on the strengths and expertise of both organizations, focus on enhancing asset values, and provide the highest level and quality of service and operational execution,"" said Robert Roskind, chairman of Lexington Realty Trust. ""Means Knaus Partners is one of the country's premier real estate firms and we are proud to integrate its national expertise and property management skills with Lexington's asset management operations.""

Houston-based Means Knaus Partners is a privately-held real estate firm that manages, leases, acquires, renovates, and develops institutional-quality commercial properties. For more than 35 years, in 45 cities, the professionals of Means Knaus Partners have developed, managed, and leased more than 150 million square feet of commercial real estate.

""The Lexington MKP joint venture objective is to deliver a consistently high quality of service to clients and tenants, and to streamline operations,"" said Doug Knaus, CEO of Means Knaus Partners. ""We hope to jointly develop new business opportunities throughout the Lexington portfolio and to improve property operating efficiencies.""