LXi REIT plc is a new closed-ended fund established to deliver inflation-protected income and capital growth over the medium-term for shareholders through investing in a diversified portfolio of UK property, that benefits from very long-term (typically, 20 to 30 years to expiry or first break) index-linked leases with institutional grade tenants. LXi REIT will not undertake any direct development activity nor assume direct development risk.


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Acquisition


The Board of LXi REIT plc (ticker: LXI) is pleased to announce that:

(1) the Company has exchanged contracts to forward purchase the new Premier Inn hotel and Beefeater restaurant currently under construction at Spanish City Promenade, Whitley Bay, North Tyneside (the "Premier Inn Property"); and

(2) the Company has now completed on the acquisitions of the GE Oil & Gas facility at Cramlington, Northumberland and the Travelodge hotel at Haverhill, Essex, the exchanges of which were announced on 10 March 2017 and 22 March 2017, respectively.

The acquisitions are being funded from equity resources, with senior debt finance expected to be introduced in the near term.

Premier Inn hotel and Beefeater restaurant, Whitley Bay

The purchase price for the Premier Inn Property is £6.26 million (excluding purchaser's costs), reflecting a net initial yield of 5% on the asset acquisition.

The Company has paid the vendor a 10% deposit with the balance of the price to be paid on completion of the purchase. Completion of the purchase will occur following practical completion of the building works, which is scheduled for early June 2017. The Company is not assuming development risk or funding the construction works.

The hotel and restaurant have both been fully pre-let to Premier Inn Hotels Limited, the principal hotel trading company of Whitbread PLC, a FTSE 100 company with a market capitalisation of £7 billion and the UK's largest hotel, restaurant and coffee shop operator, with more than 68,000 hotel rooms across over 750 hotels.

The lease, which covers both the hotel and restaurant, will run for a term of 25 years from completion of the building works, with a one-off tenant break right at the end of year 20. The rent is subject to five yearly upward only reviews index-linked to the Consumer Price Index (collared and capped at 0% p.a. and 4% p.a. compounded).

The Premier Inn Property is being purpose-built for the tenant and will comprise of a three storey, 68 bedroom hotel and adjoining single-storey 190 cover Beefeater restaurant.

The Premier Inn Property is well located at Spanish City Promenade in Whitley Bay, a seaside town on the north-east coast in the County of Tyne and Wear, approximately eight miles east of Newcastle. It is situated at the southern end of Whitley Bay beach, overlooking the beach and promenade and immediately adjacent to the historic Spanish City Dome.

Simon Lee, Partner of LXi REIT Advisors Limited, commented:

"We are pleased to be forward purchasing this new Premier Inn hotel and Beefeater restaurant at an attractive yield. The hotel and restaurant sectors are performing very well and the property, which represents our fifth acquisition since listing on 27 February, will provide the Company with a very long, inflation-linked income fully underpinned by the strong Premier Inn covenant. We are also at an advanced stage on the acquisition of a number of additional forward funding and built assets, across a wide range of property sectors, which meet the Company's investment objective and which should exchange shortly."

Acquisition

ACQUISITION OF THE CAMBRIDGE BELFRY HOTEL, CAMBOURNE, CAMBRIDGE AND COMPLETION OF THE ACQUISITION OF THE Q-PARK CAR PARK, ROCKINGHAM STREET, SHEFFIELD

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has acquired the Cambridge Belfry Hotel at Cambourne, Cambridge (the "Property"). The purchase price for the Property is £18.53 million, reflecting a net initial yield of 6.1% on the asset acquisition (net of acquisition costs to the Company).

The Property is fully let to Marstons Hotels Limited and guaranteed by its parent, QHotels Holdings Limited ("QHotels"). QHotels is a four star hotelier, founded in 2003, that has since grown to 26 hotels with over 3,650 bedrooms across the UK and with net assets of £360 million.

The lease has an unexpired term of over 22 years (expiring in May 2039), without a break, and is subject to five yearly upward only rent reviews index-linked to the Consumer Price Index (collared and capped at 1% p.a. and 4% p.a. compound). The next rent review is due in June 2019.

Purpose-built in 2004 and recently refurbished, the Property comprises a modern, four star hotel with 120 bedrooms, along with extensive leisure and business facilities, including a bar, restaurant, eight conference and meeting rooms, indoor swimming pool, gym, sauna, steam room and treatment rooms. The Property occupies a large 8.3 acre freehold plot, with 250 car parking spaces.

The hotel is well located in Cambourne, which is approximately eight miles directly west of Cambridge city centre. It is situated within the 750,000 sq ft Cambourne Business Park, home to numerous large corporates including Citrix, Global Graphics, Convergys, Regus and IP Access.

The hotel attracts a good mix of both leisure and business guests, visiting Cambridge itself and the surrounding areas.

The Board is pleased to announce that the Company has now also completed on the acquisition of the Q-Park car park at Rockingham Street, Sheffield, the exchange of which was announced on 10 March 2017.

The acquisitions are being funded from equity resources, with senior debt finance expected to be introduced in the near term.

Progress to Date

In the two months since Admission on 27 February 2017, the Company has now invested or contractually committed 50% of its net equity across six properties at a blended net initial yield of 5.65%, with a weighted average unexpired lease term to first break of over 23 years and diversified across a wide range of strong tenants, sub-sectors and locations.

The Company is also at an advanced stage on the acquisition of a number of additional pre-let forward funding and built assets, which are expected to exchange shortly.

Simon Lee, Partner of LXi REIT Advisors Limited, commented:

"We are pleased to have acquired the Cambridge Belfry Hotel, which is our sixth acquisition since the Company's Admission on 27 February 2017. In addition to benefitting from a long, index-linked lease to a strong tenant covenant, the hotel trades strongly and is in a sought-after Cambridge location and, as a result, its vacant possession value is in excess of the purchase price.

The net initial yield of 6.1% will be accretive to our portfolio running yield and the next five yearly index-linked rent review in June 2019 presents an opportunity for further enhancement to the future dividend yield of the Company."

£9.3M ACQUISITION OF THE SIG MANUFACTURING FACILITY, CARLISLE

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has acquired the SIG manufacturing facility at Welton, Carlisle (the "Property") in a sale and leaseback transaction. The purchase price for the Property is £9.3 million, reflecting a net initial yield of 7.0% (net of acquisition costs to the Company).

The Property has been acquired with a new 25-year lease in place and is fully let to SIG (Trading) Limited, the principal trading company of the SIG plc group ("SIG"), a leading, multinational manufacturer and distributor of specialist building and energy management products in the UK and Europe. SIG is a FTSE 250 listed company with a market capitalisation of over £900 million.

The new 25-year lease (with no tenant break right) expires in May 2042 and is subject to five yearly upward only rent reviews index-linked to the Retail Price Index (collared and capped at 2% p.a. and 4% p.a. compound).

The Property comprises a substantial manufacturing facility of 248,333 sq ft, on a 15 acre freehold site (providing a low site coverage of 38%), which is used for the manufacture of profiled metal roofing and other cladding elements. The Property includes a new high specification 89,000 sq ft cladding production facility, constructed in March 2016, along with a range of other factory units as well as storage and office facilities that have been built over the past 20 years. The Property has benefited from significant capital investment by the tenant.

The Property is located in Welton, to the south of Carlisle, with close proximity to the M6. Carlisle is the main administrative centre of Cumbria and benefits from excellent road and rail connectivity.

The acquisition is being funded from equity resources, with senior debt finance expected to be introduced in the near term.

The Company now qualifies formally for REIT status, having acquired a sufficient number of built assets, in addition to forward fundings and forward commitments.

£8.4M ACQUISITION OF THE PRIORY CARE HOME, LEEDS

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has exchanged contracts to acquire the Priory Care Home, Leeds (the "Property") for £8.4 million, reflecting a net initial yield of 6.3% (net of acquisition costs to the Company).

The Property is fully let to Priory Elderly Care Limited and guaranteed by its parent company, Priory Investments Holdings Limited ("the Priory Group"), a leading provider of mental health and elderly care services. The Priory Group is ultimately owned by NASDAQ-listed Acadia Healthcare which has a market capitalisation of $4 billion and operates a network of over 570 facilities with over 17,000 beds.

The lease has an unexpired term of just under 23 years (expiring in March 2040), without a break, and is subject to annual upward only rent reviews index-linked to the Retail Price Index (collared and capped at 2% p.a. and 5% p.a. compound). The next rent review is due in March 2018.

Purpose-built as a care home in 2010, the Property spans three storeys with 75 en-suite bedrooms. It is well-located, approximately two miles to the east of Leeds city centre, in a predominantly residential area within the suburb of Osmondthorpe.

The acquisition is being funded from equity resources, with senior debt finance expected to be introduced in the near term. Completion is due to occur within the next week.

John White, Partner of LXi REIT Advisors Limited, commented:

"We are pleased to have acquired the Priory Care Home, Leeds, which provides the Company with an attractive net initial yield of 6.3% and a long, secure income stream with rare annual RPI rent reviews. This acquisition, our tenth since IPO, means that the Company now has 12 strong tenants with exposure to six distinct sub-sectors and has deployed 80% of its net equity."

£3.2M ACQUISITION OF A LONG-LET SUPPORTED LIVING PORTFOLIO

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Kent, West Sussex and Gloucestershire (the "Portfolio").

The purchase price for the Portfolio is £3.2 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company).

Each property is immediately income producing and has been let on a new 25 year lease, with no tenant break, to a specialist Registered Provider of social housing. The Registered Provider is regulated by the Homes and Communities Agency and receives its funding for the rent payments directly from the relevant local authority.

Each lease is subject to annual upward-only rent reviews index-linked to the Consumer Price Index (uncapped) and the Registered Provider is responsible for the costs of repair, maintenance, insurance and outgoings.

The properties in the Portfolio comprise specialist, high quality supported living homes for individuals with physical and/or mental disabilities or other care needs.

The acquisition has been funded from equity resources, with senior debt finance expected to be introduced in the near term.

John White, Partner of LXi REIT Advisors Limited, commented:

"This supported living portfolio, which follows the Company's recent acquisition of a similar portfolio across different locations, provides the Company with an attractive 6.0% net initial yield underpinned by unbroken 25 year, index-linked leases to a Registered Provider of social housing, and offers vulnerable adults high quality, long-term, safe and attractive community living environments.

We are in solicitors' hands on a number of additional acquisitions, which will fully absorb the balance of the Company's net equity in short order."

£5.0 MILLION ACQUISITION OF TRAVELODGE HOTEL AND BURGER KING AND LITTLE CHEF RESTAURANTS AT NEEDHAM MARKET, SUFFOLK

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has exchanged contracts to acquire the Travelodge hotel and Burger King and Little Chef restaurants at Needham Market service station, Ipswich, Suffolk (the "Property"). The purchase price for the Property is £5.0 million, reflecting a net initial yield of 6.12% on the asset acquisition (net of acquisition costs).

The hotel and both restaurants are fully let to Travelodge Hotels Limited, the principal trading company of the Travelodge group, the UK's largest independent hotel brand, with more than 520 hotels and over 38,000 guest bedrooms, across the UK, Ireland and Spain.

The lease has an unexpired term of over 20 years (expiring in October 2037), without a break, and is subject to five yearly upward only rent reviews index-linked to the Retail Prices Index, with a high collar and cap of 3% p.a. and 7.5% p.a. compound. The next rent review is due in January 2020.

The Property comprises a purpose-built 40 bedroom hotel, a standalone 4,045 sq ft restaurant unit and parking for 81 cars and forms part of a roadside service station which includes a separately owned Shell petrol filling station. The Property is strategically located at the busy junction of the A14 and A140, approximately seven miles north west of Ipswich in Suffolk.

The acquisition is being funded from equity resources, with senior debt finance to be introduced in the near term. Completion is due to occur in the next few weeks.

Simon Lee, Partner of LXi REIT Advisors Limited, commented:

"This acquisition provides the Company with additional long-term, secure and RPI-linked income with an unusually attractive rent review collar of 3% pa and cap of 7.5% pa, offering significant rental growth in both high and low inflationary environments. The net initial yield of 6.12% is accretive to our portfolio running yield and will rise to at least 7.10% at the January 2020 rent review on the basis of just the minimum 3% pa rental uplift."

Forward funded pre-let investment

£6.1 MILLION FORWARD FUNDED PRE-LET INVESTMENT IN A NEW TRAVELODGE HOTEL, COSTA COFFEE SHOP AND KFC RESTAURANT DEVELOPMENT IN CAMBORNE, CORNWALL

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that it has exchanged contracts to provide forward funding for the development of a new Travelodge hotel, drive-through Costa coffee shop and drive-through KFC restaurant (the "Property") in Camborne, Cornwall.

The development represents an investment of £6.1 million, reflecting a net initial yield of 6.15% on the asset acquisition (net of acquisition costs to the Company).

Upon practical completion, which is targeted for May 2018, the new development will comprise of:
· a 63 bedroom hotel pre-let to Travelodge Hotels Limited, the principal trading company of the Travelodge group, the UK's largest independent hotel chain with more than 520 hotels and over 38,000 guest bedrooms. This will account for 71% of the total rental income of the Property on a new 25 year lease (with no tenant break right), subject to five yearly upward only, CPI-linked rent reviews (collared and capped at 0% p.a. and 4% p.a. compound);

· a 1,800 sq ft drive-through coffee shop pre-let to Costa Limited, a subsidiary of Whitbread PLC, a FTSE 100 company with a market capitalisation of £7.1 billion. Costa is a leading operator of coffee shops, with 2,861 outlets across 30 countries. This will account for 12% of the total rental income of the Property on a new 10 year lease (with no tenant break right), subject to five yearly upward only open market rent reviews (capped at 3% pa compound); and

· a 2,950 sq ft drive-through restaurant pre-let to a leading KFC franchisee. This will account for 17% of the total income of the Property on a new 20 year lease (with a break right at year 10), with upward only open market rent reviews.

The Property is well located directly fronting the A3047 Tolvaddon Road, 100 metres from the main A30 arterial highway. Camborne and nearby Poole and Redruth combine to form Cornwall's largest conurbation and Camborne plays an important role to the wider catchment of the peninsula in providing housing, retailing and leisure facilities.

The three tenant pre-lets have exchanged, full planning permission is in place and the Company is acquiring the land and forward funding on a fixed-price basis. The developer will pay the Company a licence fee during the construction period.

The Company is not developing the site or assuming development risk. The acquisition is being funded from equity resources, with senior debt finance to be introduced in the near term.

John White, Partner of LXi REIT Advisors Limited, commented:

"We are pleased to provide the forward funding for this attractive long-let hotel and leisure development asset with a compelling initial yield, pre-let to tenants with strong covenants, and which adds further geographic diversification to the current portfolio."

£2.1 MILLION ACQUISITION OF A LONG-LET SUPPORTED LIVING PORTFOLIO

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Greater Manchester, Lancashire and Merseyside (the "Portfolio").

The purchase price for the Portfolio is £2.1 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company).

Each property is immediately income producing and has been let on a new 25-year lease, with no tenant break, to a specialist Registered Provider of social housing. The Registered Provider is regulated by the Homes and Communities Agency and receives its funding for the rent payments directly from the relevant local authority.

Each lease is subject to annual upward-only rent reviews index-linked to the Consumer Prices Index (uncapped) and the Registered Provider is responsible for the costs of repair, maintenance, insurance and outgoings.

The properties in the Portfolio comprise specialist, high quality supported living homes for individuals with physical and/or mental disabilities or other care needs.

The acquisition has been funded from equity resources, with senior debt finance to be introduced in the near term.

Acquisition

ACQUISITION OF THREE PRIORY GROUP CARE HOMES IN NORTHERN IRELAND FOR £14.9 MILLION

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has acquired the freehold interest in two Priory Group care homes in Northern Ireland and exchanged contracts to acquire a third Priory Group care home (the "Properties") for a total portfolio consideration of £14.9 million, reflecting a net initial yield of 6.5% (net of acquisition costs to the Company).

Each of the Properties is fully let or pre-let to companies within the Priory Group, a leading provider of mental health and elderly care services. The Priory Group is ultimately owned by NASDAQ-listed Acadia Healthcare which has a market capitalisation of $4 billion and operates a network of over 570 facilities with over 17,000 beds.

The leases have a weighted average unexpired term of 29 years, without a break, and are subject to fixed annual rental uplifts of 2.5% p.a. compound.

The Properties are located in Armagh and Newtonabbey, in Northern Ireland, and comprise modern, purpose-built care homes for individuals with mental and/or physical disabilities. The Newtonabbey property comprises a newly built facility with 36 bedrooms, which opened in February 2017. The Armagh property ("Armagh 1") comprises a recently built facility with 30 bedrooms, which opened in 2012.

The third property ("Armagh 2") will form an extension to Armagh 1 and will comprise 34 bedrooms. Armagh 2 has been fully pre-let (as described above), detailed planning consent is in place and construction works have commenced, with practical completion scheduled for Q1 2018. The Company has paid the vendor a 10% deposit for Armagh 2, with the balance of the price to be paid on completion of the purchase. The Company is not developing the site or funding the construction works and is not assuming development risk.

John White, Partner of LXi REIT Advisors Limited, commented:
"We are pleased to have acquired three modern Priory Group care homes in Northern Ireland, which provide the Company with an attractive net initial yield of 6.5% and a secure 29 year income stream with guaranteed annual rental uplifts. This is the Company's first acquisition in Northern Ireland and further geographically diversifies our portfolio with an accretive net initial yield."

Acquisition

£9.2 MILLION ACQUISITION OF A LONG-LET SUPPORTED LIVING PORTFOLIO

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Essex and Somerset (the "Portfolio").

The purchase price for the Portfolio is £9.2 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company).

Each property is immediately income producing and has been let on a new 25-year lease, with no tenant break, to a specialist Registered Provider of social housing. The Registered Provider is regulated by the Homes and Communities Agency and receives its funding for the rent payments directly from the relevant local authority.

Each lease is subject to annual upward-only rent reviews index-linked to the Consumer Prices Index (uncapped) and the Registered Provider is responsible for the costs of repair, maintenance, insurance and outgoings.

The properties in the Portfolio comprise specialist, high quality supported living homes for individuals with physical and/or mental disabilities or other care needs.

The acquisition is being funded from the Company's Scottish Widows debt facility.

Acquisition

£5.7 MILLION ACQUISITION OF MOTORPOINT CAR SHOWROOM, LANCASHIRE

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has acquired the Motorpoint car showroom in Burnley, Lancashire (the "Property"). The purchase price for the Property is £5.7 million, reflecting a net initial yield of 6.5% (net of acquisition costs), which is expected to rise to over 7.0% following next year's five yearly RPI-linked rent review.

The Property is fully let to Motorpoint Limited, the principal trading company of Motorpoint plc, a London Stock Exchange listed company which is the UK's largest independent vehicle retailer.

The lease has an unexpired term of just under 20 years (expiring in June 2037), without a break, and is subject to five yearly upward only rent reviews index-linked to the Retail Prices Index, with a collar and cap of 1% p.a. and 3% p.a. compound. The next rent review is due in September 2018.

The Property comprises a substantial car showroom facility, with extensive vehicle display and compound storage on an 8.6 acre freehold site. Internally, the main facility provides for a large customer area including a reception, sales area, offices and café. The remainder of the site provides for approximately 400 display vehicles. There are two further buildings used for the preparation, valeting and repair of vehicles.

The Property is strategically located fronting the M65 motorway in Burnley, Lancashire and the surrounding area comprises a mix of industrial and residential uses.

The acquisition is being funded from the Company's Scottish Widows debt facility.

Simon Lee, Partner of LXi REIT Advisors Limited, commented:

"This acquisition provides the Company with additional long-term, secure and RPI-linked income at an attractive yield and further diversifies its sector exposure. The property benefits from a strong residual value and is one of the tenant's top trading locations."

Issue of Equity

Q3 factsheet

Result of Equity Issue

£18.9 MILLION ACQUISITION OF A LONG-LET SUPPORTED LIVING PORTFOLIO

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Greater London (50%), Devon (30%), Surrey (14%), Essex (4%) and Northampton (2%) (the "Portfolio"). The purchase price for the Portfolio is £18.9 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company).

Each property is immediately income producing and has been let on a new 35-year lease, with no tenant break, to a specialist Registered Provider of social housing. The Registered Provider is regulated by the Homes and Communities Agency and receives its funding for the rent payments directly from the relevant local authority.

Each lease is subject to annual upward-only rent reviews index-linked to the Consumer Prices Index (uncapped) and the Registered Provider is responsible for the costs of repair, maintenance, insurance and outgoings.

The properties in the Portfolio comprise specialist, high quality supported living homes for individuals with physical and/or mental disabilities or other care needs.

The acquisition is being funded from equity resources following the Company's second issue of shares on 12 October, with senior debt finance expected to be introduced in the near term.

Completion of the acquisition is due to occur in the next few days.

ACQUISITION OF TWO SEPARATE PORTFOLIOS OF CARE HOMES AND SUPPORTED LIVING PROPERTIES FOR A TOTAL OF £30.3 MILLION

The Board of LXi REIT plc (ticker: LXI) is pleased to announce the acquisition of two separate portfolios of care homes and supported living properties for a total consideration of £30.3 million.

Each of the portfolio acquisitions is being funded from equity resources following the Company's second issue of shares on 12 October, with senior debt finance expected to be introduced in the near term.

Acquisition of 31-year let care home portfolio for £28.5 million at 6.5% NIY

The Company has acquired the freehold interest in five modern, purpose-built care homes in Leicestershire and Lincolnshire (the "Properties") for a total consideration of £28.5 million, reflecting a net initial yield of 6.5% (net of acquisition costs to the Company).

Each of the Properties, benefiting from very high occupancy levels, is fully let to Prime Life, an established Care Quality Commission-regulated care operator which provides specialist facilities and services for elderly care, high dependency dementia and also for younger residents with learning disabilities, mental illnesses and physical disabilities. Prime Life is a family-owned business, with over 30 years' experience and currently operates over 1,800 beds across 60 homes in the UK.

The leases are immediately income producing and have an unexpired term of 31 years (expiring November 2048), without a break, and are subject to annual upward-only reviews index-linked to the Retail Prices Index (collared and capped at 2% p.a. and 3.5% p.a. compound).

Acquisition of 25-year let supported living portfolio for £1.8 million at 6.0% NIY

The Company has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Lancashire and Yorkshire (the "Portfolio"). The purchase price for the Portfolio is £1.8 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company).

Each property is immediately income producing and has been let on a new 25-year lease, with no tenant break, to a specialist Registered Provider of social housing. The Registered Provider is regulated by the Homes and Communities Agency and receives its funding for the rent payments directly from the relevant local authority.

Each lease is subject to annual upward-only rent reviews index-linked to the Consumer Prices Index and the Registered Provider is responsible for the costs of repair, maintenance, insurance and outgoings.

The Company has also now completed the acquisition of the £18.9 million 35-year let supported living portfolio, the exchange of which was announced on 16 October.

Simon Lee, Partner of LXi REIT Advisors Limited, commented:

"The Company has now deployed 92% of the net proceeds of its second issue of shares announced on 12 October 2017 and we are in solicitors' hands on further acquisitions which will fully absorb the outstanding balance of the fundraise in the next few weeks.

Since the Company's IPO on 27 February 2017, the Company has deployed a total of £234 million of equity and debt capital across 29 acquisitions at an average net initial yield of 6.0% and with a weighted average unexpired lease term to first break of over 24 years."

Acquisition, full deployment of funds, and update

ORWARD FUNDED PRE-LET INVESTMENT AND FULL DEPLOYMENT OF SECOND EQUITY ISSUE AND PORTFOLIO UPDATE

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has exchanged contracts on the pre-let forward funded acquisition of a new Premier Inn hotel in the East Midlands and has now fully deployed the net proceeds of its second equity issue of £60.2 million of 12 October 2017.

£6.9 million forward funded acquisition of 25-year pre-let Premier Inn hotel, East Midlands

The Company has exchanged contracts on the pre-let forward funding acquisition of a new Premier Inn hotel in the East Midlands (the "Property"). The total funding commitment is £6.9 million, reflecting a net initial yield of 5.20% (net of acquisition costs to the Company).

The Property has been fully pre-let to Premier Inn Hotels Limited, the principal hotel trading company of Whitbread PLC, a FTSE 100 company with a market capitalisation of £6.6 billion and the UK's largest hotel, restaurant and coffee shop operator. Whitbread Group PLC is the tenant's guarantor under the terms of the lease.

The lease will run for a term of 25 years from completion of the building works, with no tenant break right. The rent is subject to five yearly upward only reviews index-linked to the Consumer Prices Index (collared and capped at 0% p.a. and 4% p.a. compound).

Full planning consent has been granted, the tenant pre-let has exchanged and the Company is acquiring the land and forward funding on a fixed-price basis. The developer will pay the Company a licence fee during the construction period. The Company is not developing the site or assuming development risk. Completion of the purchase is due to occur in the next few weeks.

The acquisition is being funded from equity resources following the second issue of shares on 12 October 2017, with senior debt finance expected to be introduced in the near term.

Full deployment of second equity issue of 12 October and update on Company portfolio

Following the Premier Inn forward funding acquisition referred to above, the Company has now fully deployed the net proceeds of its £60.2 million second equity issue of 12 October 2017. The headline statistics for the Company's total portfolio acquired since IPO on 27 February 2017 are:
· £241 million of equity and debt capital deployed (excluding acquisition costs)

· Attractive average net initial property yield of 6.0%

· Long weighted average unexpired lease term to first break of 24 years

· 97% of the income is index-linked or contains fixed uplifts

· Assets are diversified across eight robust sectors: hotels (25%), supported living (24%), care homes (22%), industrial (9%), car parks (8%), discount retail (6%), leisure (4%) and automotive (2%)

· Rental income is secured against 19 strong tenants, including Aldi, Costa Coffee, General Electric, Home Bargains, Lidl, Motorpoint, Premier Inn, Prime Life, The Priory Group, Q-Park, SIG, Specialist Housing Associations, Starbucks and Travelodge

· Significant geographic diversification across 18 different counties in the UK

· The properties have been acquired, predominantly off-market, via 30 separate purchase transactions, with an average lot size of £8 million and a good mix of pre-let forward funding, forward commitment and built asset structures

£1.4 MILLION ACQUISITION OF A LONG-LET SUPPORTED LIVING PORTFOLIO, GREATER LONDON

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has acquired the freehold interest in a portfolio of regulated long-let supported living properties located in Greater London (the "Portfolio"). The purchase price for the Portfolio is £1.4 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company).



Each property is immediately income producing and has been let on a new 35-year lease, with no tenant break, to a specialist Registered Provider of social housing. The Registered Provider is regulated by the Homes and Communities Agency and receives its funding for the rent payments directly from the relevant local authority.



Each lease is subject to annual upward-only rent reviews index-linked to the Consumer Prices Index and the Registered Provider is responsible for the costs of repair, maintenance, insurance and outgoings.



The properties in the Portfolio comprise specialist, high quality supported living homes for individuals with physical and/or mental disabilities or other care needs.



John White, Partner of LXi REIT Advisors Limited, commented:

"This supported living portfolio provides the Company with an attractive 6.0% net initial yield underpinned by unbroken 35-year, index-linked leases, with strong underlying residential values."

£20.25 MILLION ACQUISITION OF LONG-LET STUDENT ACCOMMODATION, DUNDEE

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has acquired a long-let student accommodation scheme in Dundee (the "Property"). The purchase price for the Property is £20.25 million, reflecting a net initial yield of 6.3% (net of acquisition costs to the Company).

The Property is fully let to Mears Group PLC ("Mears Group"), a FTSE listed company with a market capitalisation of £430 million and a leading provider of support services to the public and private social sousing and care sectors in the UK.

The lease has an unexpired term of over 21.5 years, with no tenant break right, expiring on 22 September 2039. The rent is reviewed annually in line with uncapped Consumer Prices Index inflation (collared at 1% per annum).

The Property provides 413 beds and comprises 379 single rooms within cluster flats of two to six beds, alongside nine one-bed flats and 25 self-contained studio flats. The Property has recently undergone a significant refurbishment programme, which completed in September 2017.

The Property is strategically located in the centre of Dundee, within a five minute walk of both the University of Dundee and Abertay University. The University of Dundee has been named The Times Good University Guide's Scottish University of the Year for 2016 and 2017. The University of Dundee has a population of 14,910 students and Abertay University has a population of 4,005 students, providing strong occupational demand.

The Property benefits from a high level of occupancy and the city of Dundee has a strong underlying supply/demand imbalance for student housing, with university provided accommodation in Dundee representing only 15% of total stock.

The acquisition is being funded using the proceeds of the Company's new 11.5-year loan facility secured from Scottish Widows in December 2017 at a fixed rate of 2.85% per annum.

The Company has now deployed £263 million of equity and debt capital (excluding costs) since its IPO in February 2017 at an average net initial yield of over 6%, with an average unexpired lease term to first break of 24 years, diversified across nine robust property sectors and 23 strong tenants and with 97% of the income inflation-linked or with fixed-uplifts. The Company is in solicitors' hands on further acquisitions which are expected to complete shortly and which will absorb the balance of its debt facilities.

Simon Lee, Partner of LXi REIT Advisors Limited, commented:

"We are pleased to have acquired the Dundee student scheme, which further diversifies the Company's sector exposure. The acquisition provides a long-term, index-linked income stream at an attractive net initial yield, underpinned by an excellent location in a leading university city and a strong underlying trading performance."

Acquisition

£3.4 MILLION ACQUISITION OF STOBART BIOMASS STORAGE AND PROCESSING PLANT, ROTHERHAM, YORKSHIRE

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has acquired the freehold interest in the Stobart biomass storage and processing plant in Rotherham, Yorkshire (the "Property") in a sale and leaseback transaction. The purchase price for the Property is £3.4 million, reflecting a net initial yield of 6.2% (net of acquisition costs to the Company).

The Property has been acquired with a new 20-year lease in place and is fully let to Stobart Biomass Products Limited and guaranteed by its parent, Stobart Group Ltd ("Stobart Group"), a FTSE 250 listed company and one of the UK's leading infrastructure and support service businesses operating in the energy, aviation and rail sectors.

The new 20-year lease, which has no tenant break right, benefits from five yearly Retail Prices Index linked rent reviews (collared at 1.5% per annum and capped at 4% per annum).

The Property extends to a total of six acres and will be used by Stobart Group as a storage and processing site to supply the nearby 41 megawatt Templeborough Biomass Power Plant with biomass timber waste. The Property is located close to the centre of Rotherham and has good access to the national motorway network, with the M1 and M18 in close proximity.

The acquisition is being funded using the proceeds of the Company's new 11.5-year loan facility secured from Scottish Widows in December 2017 at a fixed rate of 2.85% per annum.

ACQUISITION, FULL DEPLOYMENT OF EQUITY AND DEBT AND PORTFOLIO UPDATE

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Colchester, Essex (74%), Birmingham (17%) and Dover, Kent (9%) (the "Portfolio").

The purchase price for the Portfolio is £6.2 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company).

Each property is immediately income producing and has been let on a new 25-year lease, with no tenant break, to a specialist Housing Association, which is a Registered Provider of social housing. The Registered Provider is regulated by the Regulator of Social Housing and receives its funding for the rent payments directly from the relevant local authority.

Each lease is subject to annual upward-only rent reviews index-linked to the Consumer Prices Index and the Registered Provider is responsible for the costs of repair, maintenance, insurance and outgoings.

The properties in the Portfolio comprise specialist, high quality supported living homes for individuals with physical and/or mental disabilities or other care needs.

The acquisition is being funded using the proceeds of the Company's new 11.5-year loan facility secured from Scottish Widows in December 2017 at a fixed rate of 2.85% per annum.

Portfolio update - full deployment of equity and debt

The Company has now fully deployed its net equity and debt capital, totalling £273 million (excluding acquisition costs). Across the Company's portfolio, the headline statistics are:

· Long weighted average unexpired lease term to first break of 24 years

· Attractive 6.03% average Net Initial Property Yield

· 313 bps spread between the 6.03% Net Initial Property Yield and the Company's 2.90% per annum fully fixed average cost of debt

· Average debt maturity of 11.5 years

· 91% index-linked rent reviews, 6% fixed rental uplifts and 3% open market rent reviews

· 88 properties, with significant geographic diversification across the United Kingdom

· 100% let or pre-let

· 25 strong tenants, including Aldi, Costa Coffee, General Electric, Home Bargains, Lidl, Motorpoint, Mears Group, Premier Inn, The Priory Group, Prime Life, Q-Park, QHotels, SIG, Specialist Housing Associations, Starbucks, Stobart Group and Travelodge

· Nine robust property sectors: supported living (24%), hotels (23%), care homes (19%), industrial (9%), student (7%), car parks (7%), discount retail (6%), leisure (3%) and automotive (2%)

· Good mix of forward funding, forward commitment and built asset structures

Simon Lee, Partner of LXi REIT Advisors Limited, commented:

"The Company has continued to perform strongly since its IPO in February 2017, effectively delivering on our stated objectives and in many areas surpassing our original expectations. The Company's secure, diversified and growing index-linked income stream as well as attractive capital appreciation from across our long-let portfolio is delivering attractive returns to our shareholders.

We are well placed with an excellent platform for growth and we look forward to driving further value for our shareholders throughout this financial year and for the long term."

The Board of LXi REIT plc (ticker: LXI) has declared an interim dividend in respect of the period from 1 October 2017 to 31 December 2017 of 1.0 pence per ordinary share, payable on 29 March 2018 to shareholders on the register at 2 March 2018. The ex-dividend date will be 1 March 2018.

0.9 pence of this dividend will be paid as a Property Income Distribution ("PID") and 0.1 pence will be paid as an ordinary UK dividend ("non-PID"). PID dividends are paid out of tax-exempt property rental income. Dividends paid from licence fee income that the Company receives from developers during the construction period on forward funding projects are treated as non-PID dividends.

Shareholders entitled to elect to receive PID distributions without deduction for withholding tax should complete the declaration form which is available in the Investors section of the Company's website, www.lxireit.com and returned to the Company's registrar, Link Asset Services, at The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU.

Increase in Dividend Targets

The Board of LXi REIT plc (ticker: LXI) is pleased to announce that the Company has increased its dividend targets as follows:

· for the period from IPO to 31 March 2018, the target total dividend has been increased by 33.3% to 4.0 pence per share*, up from a minimum of 3.0 pence per share

· for the period from 1 April 2018 to 31 March 2019, the target annual dividend has been increased by 10% to 5.5 pence per share*, up from a minimum of 5.0 pence per share

This increase follows the full deployment by the Company of its equity and debt capital at an average net initial property yield of 6.03%. This net initial property yield is higher than the original target level and is 313 basis points above the Company's average cost of debt of 2.90% per annum, which is fully fixed until July 2029.

The attractive average acquisition yield reflects, inter alia, the discount achieved on forward funding pre-let developments in smaller lot sizes, the off-market nature of the vast majority of the Company's investments and our multi-sector approach which enables the Company to selectively acquire attractively-priced assets across a wide range of sectors.

Since its IPO in February 2017, the Company has carefully assembled a £273 million portfolio of secure, long-dated and inflation-linked UK property assets, through both forward funding pre-let developments and built asset acquisitions. The portfolio is highly diversified across 25 strong tenants and nine property sectors and benefits from a long weighted average unexpired lease term to first break of 24 years.

97% of the Company's rental income is index-linked to inflation or benefits from fixed rental uplifts and the target dividend is expected to grow further over time broadly in line with UK inflation.*

The Company pays a quarterly dividend, with payments having commenced in December 2017. The Company is targeting a net total shareholder return of a minimum of 8 per cent. plus per annum over the medium term.*

Stephen Hubbard, Chairman of LXi REIT plc, commented

"Following our IPO in February 2017, we have carefully assembled a high quality portfolio of secure, long-let and inflation-linked assets, highly diversified by sector, tenant and geography, whilst maintaining capital discipline.

Our disciplined and value-led approach is driving attractive long term and secure income and capital returns for our shareholders, ahead of original expectations, and we are well placed to deliver further value for the long term."

Quarterly Fact Sheet

COMPLETION OF CONSTRUCTION WORKS TO GE OIL & GAS FACILITY

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that the construction works have now completed, on schedule and on budget, in respect of the new manufacturing and head office facility built for the GE Oil & Gas group in Cramlington, near Newcastle (the "Property").

The Company forward funded the Property on a fully pre-let and fixed-price basis at a 5.75% net initial yield (£11.09m) and received a developer licence fee during the construction period.

The Property has been fully pre-let to GE's Oil & Gas subsidiary, PII Ltd, whose lease obligations are guaranteed by its parent, GE UK Group. The lease runs for a term of 20 years (with no tenant break right) from completion of construction works and is subject to five yearly upward only rent reviews index-linked to the Retail Price Index (collared and capped at 1.5% p.a. and 3.5% p.a. compound).

The Property has been purpose built for the tenant to a high specification as its new headquarters office and industrial facility, comprising of a 74,110 sq ft two storey office and double height industrial space with associated car parking and service yards.

Annual Results

FINAL DIVIDEND

Company Factsheet

INTERIM DIVIDEND AND UPDATE

Interim Dividend

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce an interim quarterly dividend in respect of the period from 1 April 2018 to 30 June 2018 of 1.375 pence per ordinary share, payable on 28 September 2018 to shareholders on the register at 7 September 2018. The ex-dividend date will be 6 September 2018. The dividend reflects an annualised rate of 5.50 pence, in line with the Company's current annual dividend target.*

1.355 pence of this dividend will be paid as a Property Income Distribution ("PID") and 0.02 pence will be paid as an ordinary UK dividend ("non-PID"). PID dividends are paid out of tax-exempt property rental income. Dividends paid from licence fee income that the Company receives from developers during the construction period on forward funding projects are treated as non-PID dividends.

Shareholders entitled to elect to receive PID distributions without deduction for withholding tax should complete the declaration form which is available in the Investors section of the Company's website, www.lxireit.com and return to the Company's registrar, Link Asset Services, at The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU.

Update

The Company, having successfully deployed the £293 million of equity and debt capital raised since its IPO in February 2017, is contemplating an equity raise in 2018 to fund further investments in line with its investment policy and objectives and with a view to delivering further value for its shareholders. Any such raise is expected to follow the publication of an updated net asset value for the Company and a prospectus. A further announcement will follow in due course.

Possibly a haven for my JLIF money.

Quartely Factsheet

Issue of Equity

Proposed Initial Placing, Placing, Open Offer, Offer for Subscription and Intermediaries Offer and Notice of General Meeting

Further to its announcement on 6 August 2018, the Board of Directors (the "Board") of LXi REIT (ticker: LXI), the specialist inflation-protected long income REIT, today announces the proposed issue of further ordinary shares ("New Ordinary Shares") in the Company to raise gross proceeds of approximately £100 million (the "Issue"), the details of which will be set out in the Prospectus, expected to be published by the Company later today. The Issue will comprise of an Initial Placing, Placing, Open Offer, Offer for Subscription and Intermediaries Offer.

The Company was launched as a closed-ended investment company in February 2017. The Company has successfully deployed the £293 million of equity and debt capital raised both on and since its IPO in February 2017 and, consequently, on 6 August 2018, the Company announced that it has been considering a further equity raise to fund further investments in line with its investment policy to drive further value creation for its Shareholders.

Terms not otherwise defined in this announcement have the meanings that will be given to them in the Prospectus. This summary should be read in conjunction with the full text of the announcement and the Prospectus, when available.

Summary

· Issue of up to 44,457,159 New Ordinary Shares through an Initial Placing, targeting gross proceeds of approximately £50 million

· Issue of up to 44,457,159 New Ordinary Shares pursuant to a Placing, Open Offer, Intermediaries Offer and Offer for Subscription, targeting gross proceeds of approximately £50 million

· Qualifying Shareholders are being offered the opportunity to participate in the Open Offer on the basis of 7 New Ordinary Shares for every 31 Existing Ordinary Shares

· Qualifying Shareholders are also being offered the opportunity to subscribe for New Ordinary Shares in addition to their Open Offer Entitlement under the Excess Application Facility

· The Board have reserved the right to increase the size of the Issue by up to 66,518,847 New Ordinary Shares

· The Issue Price is 112.75 pence per New Ordinary Share. This represents a premium of 2.1 per cent. to the Net Asset Value per Ordinary Share as at 1 September 2018 (unaudited) of 113.2 pence per Ordinary Share, adjusted as detailed below

· The Issue Price represents a discount of 4.4 per cent. to the closing price per Ordinary Share on 21 September 2018 of 118 pence per Ordinary Share

· Conditional on Admission, a group of private, Spanish family offices linked to Mr Ram Bhavnani (the "Spanish Family Office Investors"), has committed to invest an aggregate of approximately £40 million pursuant to the Initial Placing and will be subject to lock-up restrictions for a period of two years from the date of Admission

· The Company will be subject to a 90 day lock-up on the issue of further Ordinary Shares from the date of Admission, subject to waiver by the Joint Bookrunners

· The Company is in advanced discussions with Scottish Widows Limited for a new 15 year term loan

· The Investment Advisor, on behalf of the Company, has identified a significant pipeline of additional assets which meet the Company's investment objective and investment policy, including off-market assets identified through the Investment Advisor's extensive contacts and relationships

· The pipeline assets, which total over £200 million in value, are diversified across a wide range of sub-sectors and are leased to institutional grade tenants on very long term leases with rents indexed upwards only in line with inflation. They benefit from a long weighted average unexpired lease term to first break of 23 years and a blended net initial yield of approximately 5.75 per cent. and are structured as both pre-let forward funding and standing investments

· The Company is currently targeting a dividend of 5.50 pence per Ordinary Share for the year ending March 20191

more.....

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce an interim quarterly dividend in respect of the period from 1 July to 30 September 2018 of 1.375 pence per ordinary share, payable on 21 December 2018 to shareholders on the register at 12 October 2018. The ex-dividend date will be 11 October 2018. The dividend reflects an annualised rate of 5.50 pence, in line with the Company's current annual dividend target*.

Result of General Meeting

Further to its announcement on 24 September 2018, the board of directors of LXi REIT (ticker: LXI), the specialist inflation-protected long income REIT, is pleased to announce that both of the resolutions put forward at its General Meeting held earlier today were passed. The resolutions were in connection with the proposed issue of further ordinary shares ("New Ordinary Shares") in the Company, as detailed in the prospectus published by the Company on 24 September 2018 (the "Prospectus").

The text of all the resolutions can be found in the Notice of Meeting contained in the circular published by the Company on 24 September 2018.

more.....

Result of Issue

Further to its announcement on 24 September 2018, the Board of Directors (the "Board") of LXi REIT (ticker: LXI), the specialist inflation-protected long income REIT, is pleased to announce that it has successfully raised gross proceeds of £175 million pursuant to the issue of a total of 155,433,165 ordinary shares ("New Ordinary Shares") in the Company (the "Issue"), at an Issue Price of 112.75 pence per New Ordinary Share. The result of the Issue was well in excess of the target fundraising size and also oversubscribed at the maximum issue size.

The Issue of New Ordinary Shares will be split as follows:

• 91,438,880 New Ordinary Shares under the Initial Placing, raising gross proceeds of approximately £103.1 million;

• 26,734,137 New Ordinary Shares under the Open Offer (including the Excess Application Facility), raising gross proceeds of approximately £30.1 million;

• 17,723,022 New Ordinary Shares under the Placing, raising gross proceeds of approximately £20 million;

• 17,489,325 New Ordinary Shares under the Offer for Subscription, raising gross proceeds of approximately £19.7 million; and

• 2,047,801 New Ordinary Shares under the Intermediaries Offer, raising gross proceeds of approximately £2.3 million

All valid applications received under the Open Offer (including valid applications under the Excess Application Facility) will be met in full.

more.....

Acquisitions

FIVE ACQUISITIONS WITH A COMBINED PURCHASE PRICE OF £109 MILLION

Following the successful closing of its capital raise announced on 12 October, the Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce the following five property acquisitions, from separate vendors/developers, with a combined total consideration of approximately £109 million (excluding costs).

The Company is in solicitors' hands on further acquisitions which will fully deploy the balance of the £175 million capital raised in the next few weeks. Further acquisition announcements will be made shortly.



Forward funding of Travelodge hotel, Edinburgh

The Company has exchanged contracts to provide forward funding for the pre-let development of a 70-bedroom Travelodge hotel at Edinburgh Park, Edinburgh. The development represents a total investment by the Company of £6.6 million, reflecting a 5.4% net initial yield (net of acquisition costs to the Company).

The property has been fully pre-let to Travelodge Hotels Limited, the principal trading company of the Travelodge hotel group, on an unbroken 25-year lease from completion of the building works, with five yearly rent reviews index-linked to the Consumer Prices Index (capped at 4% pa and collared at 1% pa compound).

Founded in 1985, Travelodge is one of the UK's leading hotel brands, operating over 550 hotels and over 41,000 rooms in the UK, Spain and Ireland.

The well-located property is within the South Gyle Business District, which is two miles south east of Edinburgh International Airport and five miles west of Edinburgh city centre. The immediate area is one of the UK's premier business locations housing a wide range of corporate occupiers, including Aegon, BT, Diageo, JP Morgan, Scottish & Newcastle and Tesco Bank.

Planning consent has been granted, the agreement for lease has exchanged and the Company is forward funding the project on a fixed price basis. The Company will receive an income from the developer during the construction period. The Company is not developing the site or assuming development risk. The building works are due to complete in Q3 2019.

Forward funding of Lidl foodstore and B&M, East Fife

The Company has exchanged contracts to provide forward funding for the pre-let development of a 19,310 sq ft Lidl foodstore and 20,000 sq ft B&M discount store to be built at Cowdenbeath, East Fife, for £8.5 million, reflecting a 6.0% net initial yield (net of acquisition costs to the Company).

The Lidl property has been fully pre-let to Lidl UK GmbH, the principal UK trading company of the Schwarz Gruppe GmbH (a top four global retail group that owns and operates the Lidl and Kaufland brands, operating over 10,000 stores across 26 countries), on a 25-year lease from completion of the building works (with a tenant break right at year 15), with five yearly rent reviews index-linked to the Consumer Prices Index (capped at 3% pa and collared at 1% pa compound).

The B&M property has been fully pre-let to B&M Retail Limited, the principal trading company of B&M European Value Retail SA, on an unbroken 15-year lease from completion of the building works, with five yearly upward only open market rent reviews.

B&M European Value Retail SA, a London Stock Exchange listed company with a market capitalisation of £3.9 billion, is the UK's leading general merchandise value retailer, operating over 580 stores.

The property is well located in Cowdenbeath, a town in west Fife, approximately five miles north-east of Dunfermline and 18 miles north of Edinburgh, with a catchment population of 265,189.

Planning consent has been granted, the agreements for lease have exchanged and the Company is forward funding the project on a fixed price basis. The Company will receive an income from the developer during the construction period. The Company is not developing the site or assuming development risk. The building works are due to complete in Q3 2019.

Jurys Inn hotel, Plymouth

The Company has completed the acquisition of a 247-bedroom Jurys Inn hotel in Plymouth for £30 million, reflecting a 5.7% net initial yield (net of acquisition costs to the Company).

The property is fully let to Jurys Hotel Management (UK) Limited, the principal trading company of the Jurys Inn group, with an unbroken 24-year unexpired lease term, with five yearly rent reviews index-linked to the uncapped Retail Prices Index.

The hotel, which was purpose-built in 2007 and fully refurbished in 2016, trades very well and includes a bar, restaurant and 11 conference and meeting rooms. It is well-located on Exeter Street, near Plymouth's Historic Quarter and other tourist attractions such as the National Marine Aquarium and the Royal William Yard, and a short walk to the city centre and train station.

The hotel is one of the largest in Devon and draws significant custom from (i) leisure tourism, with many overseas visitors, including bus tours, using the hotel as a base from which to explore Devon and Cornwall; (ii) businesses linked to the maritime docks; and (iii) a strong relationship with the university.

The Jurys Inn portfolio comprises 36 hotels and 8,013 rooms in strategic locations in economically-strong and attractive destinations and transport hubs across the UK and Ireland. The group was acquired in December 2017 by Fattal Group, an Israeli hotel group operating 160 hotels in 17 countries, for £800 million.

BCA logistics facility, Corby

The Company has completed the acquisition of a 121-acre car storage facility in Corby, Northamptonshire, for £60 million, reflecting a 5.25% net initial yield (net of acquisition costs to the Company), rising to over 6.0% at the next five yearly rent review in three years' time.

The property is fully let to BCA Group Europe Limited, part of BCA Marketplace plc, with an unbroken 18-year unexpired lease term, with five yearly rent reviews index-linked to the uncapped Retail Prices Index.

BCA Marketplace plc, a London Stock Exchange listed company with a market capitalisation of £1.7 billion, is Europe's leading used vehicle distributor and remarketing company, operating 50 branches in 13 countries and selling over one million vehicles per annum. BCA's brands include "WeBuyAnyCar.com".

The property comprises a substantial and strategic logistics holding with a capacity for over 18,000 cars and from which BCA operate a number of long term contracts, including for BMW Finance and Vauxhall's primary vehicle storage/resale centres. It is rail terminal connected and has excellent connections to the M1 southbound, the M6 and A1(M) via the A14 dual carriageway.

Corby is an established and strategic distribution location in the heart of the East Midlands, which attracts major distribution operators given its access to 80% of the UK population within a 4.5-hour HGV drive time and a number of major occupiers include Matalan, Morrisons, Staples and Wincanton.

The property adjoins the Midlands Logistics Park, a new logistics park to the south of Corby, which has recently attracted new developments including an 845,000 sq ft regional distribution facility for Eddie Stobart and a 950,000 sq ft national distribution centre for Bosch-Siemens group.

The purchase price, equating to a low £495,000 per acre, is significantly underpinned by vacant possession value.

The Range, Carlisle

The Company has completed the acquisition of a 33,500 sq ft discount store in Carlisle for £4.3 million, reflecting a 6.0% net initial yield (net of acquisition costs to the Company).

The property is fully let to CDS Superstores (International) Limited, trading as The Range, with an unbroken 19.5-year unexpired lease term, with fixed five yearly rental uplifts of 2% pa. The rent reflects a very low £8 per sq ft.

The Range is one of the fastest growing discounters in the UK, operating 140 discount stores and stocks some 65,000 products across its home, leisure and garden departments. The property is located approximately one mile south of Carlisle city centre in a successful trading location, with nearby operators including Asda, B&M and Iceland.

Simon Lee, Partner of LXi REIT Advisors Limited, commented:

"We are pleased to be investing just over £109 million from our £175 million capital raising announced on 12 October. These are five high quality assets, diversified across a wide range of robust sub-sectors, leased to institutional grade tenants on very long term leases with inflation linked rents.

The Company is in solicitors' hands on a range of further accretive acquisitions that meet our selective investment strategy and will deliver further value to our investors. These acquisitions will result in the full deployment of the recent capital raise in the next few weeks."

Six Acquisitions, New Debt & Fully Deployed

SIX ACQUISITIONS WITH A COMBINED PURCHASE PRICE OF £62.4 MILLION

UPDATE OF FULL EQUITY DEPLOYMENT, NEW LOAN FACILITY & CONSTRUCTION WORKS

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce six further property acquisitions (the "Acquisitions"), with a combined total consideration of £62.4 million (excluding costs). This takes the Company to full deployment of its recent £175 million equity raise announced on 12 October 2018.

The Acquisitions are highly accretive to the Company's existing portfolio yield and rent review profile.

· Of the combined passing rents of the Acquisitions, 100% are RPI-linked.

· The weighted average unexpired lease term ("WAULT") to first break of the Acquisitions is 22.1 years.

· The weighted average net initial acquisition yield of the Acquisitions is 5.7%.

The Company is also in solicitors' hands and under offer on further accretive acquisitions, comprising pre-let forward fundings, to deploy its new debt facility, on which further details are set out below.

Five Travelodge hotels

The Company has acquired five Travelodge budget hotels for a combined total consideration of £45.2 million, reflecting a 5.8% net initial yield (net of acquisition costs to the Company).

Each property is fully let to Travelodge Hotels Limited, the principal trading company of the Travelodge hotel group, with a WAULT to first break of 24 years. Each benefit from five yearly rent reviews index-linked to the uncapped Retail Prices Index.

Founded in 1985, Travelodge is one of the UK's leading hotel brands, operating over 550 hotels and over 41,000 rooms in the UK, Spain and Ireland.

The properties trade well with strong occupancy levels and are well-located to city centre amenities and/or strong communications links, with good geographic diversification:

· Aberdeen: 97 bedrooms

· Brighton: 94 bedrooms

· Liverpool: 105 bedrooms

· Llanelli: 51 bedrooms

· Nuneaton: 40 bedrooms

more.....

Half year results this Thursday, 29 November 2018.

Interim results

· Total net asset value ("NAV") return per share (inclusive of dividends) for the six month period was 8.08%. This represents significant over delivery on the Company's annual target of 8%1

· EPRA NAV per share increased in the six month period by 5.33 pence or 4.95% to 113.00 pence at 30 September 2018

· Dividend per share ("DPS") declared for the six month period of 2.75 pence putting the Company on track to meet its full year target of 5.50 pence1

· DPS fully covered by EPRA earnings per share ("EPS") of 2.80 pence for the half-year which excludes developer licence fees and Adjusted EPS of 3.17 pence including developer licence fees2

· Operating profit of £18.39 million comprising income from the Group's property portfolio and changes in fair value of investment property net of administrative and other expenses

· Portfolio independently valued by Knight Frank LLP at £318.79 million as at 30 September 2018 including all commitments on forward funded assets, representing a like for like uplift of 12% from acquisition price (excluding acquisition costs)3

· Loan to value reducing from 31 March 2018 to 29% with material headroom to our medium term maximum of 35%

· Low all-in fixed cost of debt of 2.90% and long average debt maturity of 11 years underpinning our ability to grow investor returns through inflation-linked rent reviews

· Total shareholder return since IPO in February 2017 of 21% reflecting the strong performance of the Company's portfolio, increased dividend targets, dividend payments and share price

more.....

Quarterly Factsheet

PROFITABLE DISPOSALS, ACCRETIVE ACQUISITIONS AND CONFIRMATION OF 15-YEAR FIXED LOAN RATE

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce the following profitable disposals and accretive acquisitions.

Travelodge hotels disposals

Following receipt of an unsolicited approach, the Company has sold two of its older Travelodge hotels, in Haverhill and Ipswich, to an institutional buyer for £12.6 million in aggregate:

· reflecting a low exit yield of 5.0%, which compares favourably to the acquisition yields of 5.92% and 6.12% paid by the Company in March and July 2017, respectively;

· representing a 19% uplift on acquisition cost and a 5% premium to the latest book value as at 30 September 2018; and

· generating an attractive geared IRR for the Company of 23% per annum.

Two industrial acquisitions, West Midlands

The Company has acquired two industrial properties, by way of purchase and leaseback, for a combined purchase price of £11.7 million, reflecting a 5.7% net initial yield (net of acquisition costs to the Company).

The properties have been acquired with new, unbroken 25-year leases in place to West Midlands Travel Ltd, with a guarantee from its parent, National Express Group PLC, a FTSE 250 listed leading transport provider delivering services in the UK, Continental Europe, North Africa, North America and the Middle East, with a market capitalisation of approximately £1.9 billion.

The new leases benefit from annual Retail Price Index linked rent reviews (collared at 2% per annum and capped at 4% per annum compound).

The properties comprise two purpose-built bus depots totalling 93,000 sq ft and 102,000 sq ft, with a range of accommodation including parking halls, workshops, vehicle inspection pits, refuelling areas, stores, bus wash areas and associated offices.

The properties are both well located in the West Midlands: (i) in the southern Birmingham suburb of Yardley Wood, which lies 6.6 miles to the south of Birmingham city centre; and (ii) in West Bromwich, which lies 6.4 miles to the north west of Birmingham city centre.

The properties are being acquired at a low capital cost and low rental base and benefit from strong alternative use values.

Forward funding acquisition of Aldi-anchored scheme, Evesham

The Company has exchanged contracts to provide forward funding for the pre-let development of an Aldi foodstore-anchored property in Evesham, Worcestershire for £12.15 million, reflecting a 5.4% net initial yield (net of acquisition costs to the Company).

Anchoring the scheme will be a new 18,578 sq ft foodstore, which has been pre-let to Aldi Stores Limited, the principal UK trading company of the Aldi group, a leading global discount food retailer with 10,000 stores across 18 countries. The property will benefit from a new 15-year lease (with no tenant break right), with five yearly upward only RPI inflation-linked rent reviews.

The second unit, comprising 12,935 sq ft, has been pre-let to T. J. Morris Limited (trading as Home Bargains), a leading discount retailer of both food and non-food products, with over 400 stores throughout the UK. This has been pre-let on a new 15-year lease (with no tenant break right), with five yearly upward only open market rent reviews.

The final unit, comprising 10,000 sq ft, has been pre-let to TJX UK Limited (trading as TK Maxx), a leading discount fashion retailer and the principal UK trading company of The TJX Companies Inc., a New York Stock Exchange listed leading off-price apparel and home fashions retailer in the U.S. and worldwide with a market capitalisation of $54 billion. This unit has been pre-let on a new 15-year lease (with a tenant break right in year 10), with five yearly upward only open-market rent reviews.

The property, which benefits from 196 parking spaces on a 3.9 acre site, lies one mile south of Evesham town centre and close to the main A46 bypass, providing good access to the national motorway system. Evesham is an affluent town situated in the heart of Worcestershire, approximately 14 miles south west of Stratford-upon-Avon, 16 miles north east of Cheltenham and 17 miles south east of Worcester.

Planning consent has been granted, the agreements for lease have exchanged and the Company is forward funding the property on a fixed price basis. The Company will receive an income from the developer during the construction period. The Company is not developing the site or assuming development risk. The building works are due to complete in July 2019.

Scottish Widows loan - 2.99% per annum all-in fixed rate over 15-year term

Following the Company's announcement on 13 November 2018, reporting terms having been agreed for a new 15-year £75 million term loan with Scottish Widows Limited (the "New Loan") to gear the proceeds of its recent equity issue, the Company is pleased to report that it has now completed the New Loan and has fixed the all-in rate at 2.99% per annum until maturity of the facility in December 2033.

The New Loan takes the Company's:

· weighted average all-in debt cost to 2.94% per annum across all facilities;

· weighted average debt maturity to over 12 years across all facilities; and

· loan-to-value ratio to 30%, when fully drawn (below the Company's maximum level of aggregate borrowings of 35% of the Company's gross assets).

The Company is in solicitors' hands on a wide range of further accretive acquisitions which will fully deploy the New Loan in short order.

Simon Lee, Partner of LXi REIT Advisers Limited, commented:

"We are pleased to have completed the disposal of two Travelodge hotels at a significant premium to acquisition cost and book value and to have immediately recycled the proceeds into two accretive industrial properties let to a strong tenant on 25 year, RPI-linked leases.

Our new 15-year loan facility with Scottish Widows locks in a very attractive 2.99% all-in funding cost over the long term, reflecting the high quality and secure nature of our property portfolio. We continue to deploy the facility across a range of quality assets underpinned by long term leases, defensive sectors and robust tenants with accretive yields."

ACCRETIVE ACQUISITIONS AND PROFITABLE DISPOSALS

PRE-LET FORWARD FUNDING INVESTMENTS

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that the Company has exchanged contracts to provide forward funding for the pre-let development of a portfolio of 13 separate Starbucks and Costa drive-thru format coffee shops for a combined consideration of £23.4 million, reflecting a 5.7% net initial yield (net of acquisition costs to the Company).

The acquisitions are being funded utilising the Company's new Scottish Widows loan.

12 of the properties have been pre-let to Starbucks Coffee Company (UK) Limited and one has been pre-let to Costa Limited, each on unbroken leases of 15 years from completion of the building works, with five yearly rent reviews index-linked to RPI inflation (collared at 1% per annum and capped at 4% per annum compound).

Starbucks Coffee Company (UK) Limited is the principal UK trading company of the Starbucks Corporation, the leading coffee retailer which operates over 29,000 stores globally and is listed on the NASDAQ stock exchange with a market capitalisation of $87 billion.

Costa Limited is the principal UK trading company of the Costa Coffee group, the UK's largest and the world's second largest coffee shop chain with over 2,000 UK outlets and more than 1,240 in 31 overseas markets. The group was acquired by The Coca-Cola Company in January 2019 for £3.9 billion.

Each property will comprise a new drive-thru format coffee shop and the sites are well located across Great Britain in Barry, Blackpool, Cambourne, Canvey Island, Cardiff, Carmarthen, Newcastle Under Lyme, Northampton, Nottingham, Peterborough, Preston, Redditch and Stoke.

The Company is not developing the sites or assuming development risk and is forward funding each property on a fixed price basis. The building works are due to complete in Q3 2019. The Company will receive an income from the developer during the construction period.

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