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NEW YORK CITY-Starwood Capital Global Group has joined Lexington Realty Trust and Winthrop Realty Trust in its offer to acquire shares of Wells REIT stock. The previous offer of 25 million shares at $9 each has been upped and sweetened to 45 million shares at $9.30 each.

The third party to join Lex-Win Acquisitions LLC is listed in a Security and Exchange Commission filing as VII Wells Holdings LLC, which is comprised of Starwood Global Opportunity Funds VII-A, -B, -D and –D2.

If accepted, the deal would boost the total deal value of the transaction from the previous $225 million to $418.5 million. As with the original offer, it is good through end of business on June 27.

Last month, Wells REIT made public its plans to offer $345 million in common stock. Morgan Stanley and JPMorgan are underwriting the offer.

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