UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported) |
December 29, 2005 |
Lexington Corporate Properties Trust
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
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1-12386 |
13-3717318 |
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(Commission File Number) |
(IRS Employer Identification No.) |
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One Penn Plaza, Suite 4015 |
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New York, New York |
10119-4015 |
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(Address of Principal Executive Offices) |
(Zip Code) |
(212) 692-7200
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On December 29, 2005, Lexington Corporate Properties Trust (the “Trust”) entered into an amendment (the “Amendment”) to its joint venture agreement with Clarion Lion Properties Fund, LLC (the “Lion Fund”) to address, among other matters, the joint venture's obligation to one of its lenders. Specifically, the Amendment provides that, in certain circumstances, the Trust and the Lion Fund have agreed to provide substitute guarantors of the non-recourse carve-outs for a non-recourse mortgage loan secured by a property indirectly owned by the joint venture prior to the expiration of the term of the joint venture. The Amendment also clarifies that the total indebtedness of the joint venture will not exceed 60% of its capitalization.
Attached as Exhibit 10.1 to this Form 8-K (and incorporated herein by reference) is a copy of Amendment.
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Item 9.01. |
Financial Statements and Exhibits |
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(a) |
Not applicable | |
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(b) |
Not applicable | |
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(c) |
Exhibits |
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10.1 |
Third Amendment to Limited Partnership Agreement of Lexington/Lion Venture L.P. dated as of December 29, 2005. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Lexington Corporate Properties Trust
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Date: January 5, 2006 |
By: /s/ Patrick Carroll | |||
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Patrick Carroll |
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Chief Financial Officer |
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Exhibit Index
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Exhibit Number |
Description |
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10.1 |
Third Amendment to Limited Partnership Agreement of Lexington/Lion Venture L.P. dated as of December 29, 2005. |