v3.26.1
Investments in Real Estate
 3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Investments in Real Estate Investments in Real Estate
As of March 31, 2026, the details of the outstanding development arrangements are as follows (in $000s, except square feet):
Project (% owned)# of BuildingsMarketEstimated
Sq. Ft. 		Estimated Project Cost
GAAP Investment Balance as of 3/31/2026(1)
LXP Amount Funded as of 3/31/2026(2)
Estimated Base Building Completion Date
% Leased as of 3/31/2026
Development Projects
Reems & Olive - Building D (95.5%)
1Phoenix, AZ1,185,000 $121,900 $23,953 $20,230 1Q 2027— %
Redevelopment Projects
Orlando (100.0%)(3)
1Central FL350,990 $9,400 $17,350 $3,242 4Q 2026— %
Richmond (100.0%)(3)
1Richmond, VA252,351 3,900 14,594 3,071 2Q 2026— %
Total Redevelopment Projects2603,341 $13,300 $31,944 $6,313 
Land Infrastructure Improvements
Reems & Olive (95.5%)(4)
N/APhoenix, AZN/A16,200 12,952 15,547 N/AN/A
Total31,788,341 $151,400 $68,849 $42,090 
(1)    Excludes leasing costs, incomplete costs and developer incentive fees or partner promotes if any.
(2)    Excludes noncontrolling interests' share.
(3)    Estimated project costs exclude estimated tenant improvements and leasing costs.
(4)    Represents infrastructure development costs to prepare the land for vertical development.
As of March 31, 2026, the Company's aggregate investment in the ongoing development arrangements was $68,849. This amount included capitalized interest of $207 for the three months ended March 31, 2026 and is presented as Investments in real estate under construction in the accompanying unaudited Condensed Consolidated Balance Sheets. For the three months ended March 31, 2025, capitalized interest for development arrangements was $42.
As of March 31, 2026, the details of the land held for industrial development are as follows (in $000s, except acres):
Project (% owned)Market
Approximate
Acres
GAAP Investment Balance as of
 3/31/2026
LXP Amount Funded as of
3/31/2026(1)
Consolidated
Reems & Olive (95.5%)
Phoenix, AZ240$57,454 $57,306 
Mt. Comfort Phase II (80.0%)
Indianapolis, IN1165,879 4,761 
ATL Fairburn (100.0%)
Atlanta, GA141,732 1,779 
Total Consolidated Land370$65,065 $63,846 
(1)    Excludes noncontrolling interests' share.