Lexington Realty Trust has been undergoing is undergoing a multi-year repositioning effort to transition into a higher-quality, single-tenant, net-leased industrial portfolio. In 2018, Lexington disposed of close to $1.1 billion of office and other non-core assets, including the sale of a 21-property office portfolio into a newly formed joint venture sold for approximately $726 million (Lexington retained a 20% interest and will manage the joint venture). By year-end 2019, we expect Lexington's industrial portfolio to comprise compose 80%- to 85% of its gross book asset value, largely due to office assets sales coupled with selective industrial acquisitions. Lexington It continues to dispose of lower-quality office assets in suburban markets in favor of lower-yielding but better quality industrial assets which we
