As of March 31, 2025, the details of the development arrangements outstanding are as follows (in $000's, except square feet):


Project (% owned)	# of Buildings	Market	Estimated Sq. Ft.	Estimated Project Cost		GAAP Investment Balance as of 3/31/2025(1)		LXP Amount Funded as of 3/31/2025(2)		Estimated Base Building Completion Date	% Leased as of 3/31/2025
Redevelopment Project
Richmond (100%)(3)	1	Richmond, VA	252,351	$	4,700	$	11,119	$	—	1Q 2026	—	%

Land Infrastructure Improvements
Reems & Olive (95.5%)(4)	N/A	Phoenix, AZ	N/A	11,459		6,381		7,036		N/A	N/A

			252,351	$	16,159	$	17,500	$	7,036

(1) Excludes leasing costs, incomplete costs, and developer incentive fees or partner promotes, if any.

(3) During the first quarter, the tenant vacated the building, which is part of a four building integrated campus, and the Company began redeveloping the property into a standalone warehouse and distribution facility.

(4) Represents infrastructure development costs to prepare the land for vertical development.

As of March 31, 2025, the Company's aggregate investment in the ongoing development arrangements was $17,500. This amount included capitalized interest of $42 for the three months ended March 31, 2025 and is presented as investments in real estate under construction in the accompanying unaudited condensed consolidated balance sheet. For the three months ended March 31, 2024, capitalized interest for development arrangements was $1,211.

As of March 31, 2025, the details of the land held for industrial development are as follows (in $000's, except acres):


Project (% owned)	Market	Approx. Developable Acres	GAAP Investment Balance as of 3/31/2025		LXP Amount Funded as of 3/31/2025 (1)

Reems & Olive (95.5%)	Phoenix, AZ	315	$	75,327	$	74,188
Mt. Comfort Phase II (80%)	Indianapolis, IN	116	5,861		4,661
ATL Fairburn JV (100%)	Atlanta, GA	14	1,732		1,768
		445	$	82,920	$	80,617