Lexington Realty Trust, a New York-based real estate investment trust, has announced the election of E. Robert Roskind, who served as chairman from 1993 to 2006, as chairman of its board of trustees. Mr. Roskind replaces Michael L. Ashner, who has resigned as executive chairman and director of strategic acquisitions. "In view of the complexity of the ongoing joint ventures between Lexington Realty Trust and Winthrop Realty Trust, where I serve as chairman and chief executive officer, and our collective desire to pursue future joint venture investment opportunities between the companies, I believe it best that I focus my efforts from the perspective of Winthrop Realty Trust," Mr. Ashner said.
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