(Read more on the debt and equitymarkets.)
NEW YORK CITY-Lexington Realty Trust and Winthrop Realty Trusthave entered into a joint venture to acquire stock in Wells RealEstate Investment Trust Inc. Lex-Win Acquisition LLC, as the JV hasbeen named, plans to acquire up to 25 million shares of commonstock.
Last week, Wells REIT made public its plans to offer $345million in common stock. Morgan Stanley and JPMorgan areunderwriting the offer.
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