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NEW YORK CITY-Lexington Corporate Properties Trust and Newkirk Realty Trust Inc. will hold special shareholder’s meetings on Nov. 20 to approve the merger of the two companies. The meetings will be held in New York.

Last Friday was the deadline, chosen by Lexington’s board of trustees, to determine which of the shareholders were entitled to vote at the meeting, according to a company release. Newkirk’s trustees as of Oct. 13 are eligible to vote.

At the end of July, as reported by GlobeSt.com,Lexington and Newkirk signed a Merger Agreement. According to Newkirk’s Proposed Merger-Investor Presentation, released just days after the announcement of the merger, the enterprise value of the merger is estimated at $4.6 billion and will include a total of 350 properties totaling 57 million sf. The properties are located in 44 states, although the largest concentration is on the East and West coasts.

The combined companies will be named Lexington Realty Trust and Lexington’s common annualized dividend is expected to increase by $1.50 per share once the merger is complete.

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