LXi REIT Buys Life Science and Biotech Campus in York

LXi REIT has bought the Life Science and Biotech campus in York, England. The listed real estate company announced the acquisition alongside two other purchases totaling £80 million, reflecting a 5.25% net initial yield. It did not provide a breakdown for the acquisitions. However, CoStar News reported last month that CBRE Global Investors was bringing the 381,903-square-foot campus to market, seeking £42.175 million, a 6.25% net initial yield.