Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 113

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 113
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1 due to the fact that the Company uses quoted market rates to value these instruments. However, the inputs used in determining the fair value could be categorized as Level 2 if trading volumes are low.Fair values cannot be determined with precision, may not be substantiated by comparison to quoted prices in active markets and may not be realized upon sale. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including discount rates, liquidity risks and estimates of future cash flows, could significantly affect the fair value measurement amounts.Cash Equivalents, Restricted Cash, Short-Term Investments, Accounts Receivable and Accounts Payable. The Company estimates that the fair value of cash equivalents, restricted cash, short-term investments, accounts receivable and accounts payable approximates carrying value due to the relatively short maturity of the instruments.

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Table of ContentsLXP INDUSTRIAL TRUST AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS($000, except share/unit data)

(7)Investments in Non-Consolidated Entities

Below is a schedule of the Company's investments in non-consolidated entities:Percentage Ownership atInvestment Balance as of December 31,Equity in earnings (losses) of non-consolidated entitiesYears ended December 31,InvestmentDecember 31, 202420242023202420232022NNN MFG Cold JV L.P.  (“MFG Cold JV”)(1)20%$10,428 $19,693 $(3,250)$(3,300)$(2,050)NNN Office JV L.P. (“Office JV”)(2)20%15,189 16,237 504 508 18,156 Etna Park 70 LLC(3)90%9,732 10,320 (264)(258)(137)Etna Park 70 East LLC(4) 90%2,360 2,245 (167)(192)(174)BSH Lessee L.P.(5)—%— — — 4,608 211 Lombard Street Lots, LLC (6)44.1%2,309 — (2)— — $40,018 $48,495 $(3,179)$1,366 $16,006 (1)MFG Cold JV is a joint venture formed in 2021 that owns special purpose industrial