NEW YORK, Sept. 14, 2015 (GLOBE NEWSWIRE) -- Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust (REIT) focused on single-tenant real estate investments, today announced Claire A. Koeneman, a veteran of the financial communications industry, has been appointed to its Board of Trustees effective September 10, 2015.
“Claire has proven leadership experience in communications and management,” said T. Wilson Eglin, Lexington’s Chief Executive Officer. “We believe Claire will further strengthen our board’s breadth of talent and background, and we are delighted for her to join our team.”
Koeneman is an Executive Vice President for Hill+Knowlton Strategies, a global public relations firm with offices in 51 countries. She has over 20 years of expertise in corporate communications and is a strategic advisor to CEOs and boards of directors on all types of communications needs. Additionally, Koeneman manages the U.S. Central Region and heads the U.S. financial communications practice.
Prior to joining H+K, Koeneman served as president of Financial Relations Board where she partnered with senior management teams to help maximize their valuation and enhance their corporate reputation. In addition to running the firm’s real estate and REIT practice, Koeneman also developed substantial expertise in transaction-related communications. She holds an MBA in finance from the University of Chicago Booth School and a BA from Smith College. Additionally, she serves as a diplomat to the Principality of Monaco in its Honorary Consular Corps.
ABOUT LEXINGTON REALTY TRUST
Lexington Realty Trust is a real estate investment trust that owns a diversified portfolio of equity and debt interests in single-tenant commercial properties and land. Lexington seeks to expand its portfolio through acquisitions, sale-leaseback transactions, build-to-suit arrangements and other transactions. A majority of these properties and all land interests are subject to net or similar leases, where the tenant bears all or substantially all of the operating costs, including cost increases, for real estate taxes, utilities, insurance and ordinary repairs. Lexington also provides investment advisory and asset management services to investors in the single-tenant area. Lexington's common shares are traded on the New York Stock Exchange under the symbol "LXP". Additional information about Lexington is available on-line by contacting Lexington Realty Trust, Investor Relations, at www.lxp.com.
Contact:
Investor or Media Inquiries for Lexington Realty Trust:
T. Wilson Eglin, CEO
Lexington Realty Trust
Phone: (212) 692-7200 E-mail: tweglin@lxp.com