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March 21, 2006

By Michelle Napoli

Lexington Strategic Asset Corp. is slated to hit the public market. Its IPO filing for as much as $100 million comes only about six months after its launch with a private placement stock sale that raised $61.6 million from institutional investors and gave New York City-based Lexington Corporate Properties Trust, the parent of its advisor, about $33.2 million of stock in exchange for four real estate assets.

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