LXi REIT completed the merger with Secure Income REIT in a $1.85bn deal.

LXi REIT, a real estate investment trust based in London, completed the merger with Secure Income REIT, a REIT specialising in generating long term, inflation protected income from real estate investments, in a $1.85bn deal. "The combination of these two proven, substantial, complementary inflation-protected portfolios, which will result in further diversification, significant growth opportunities, access to lower cost of capital, potentially increased share trading liquidity and lower management costs on a faster timescale than we would otherwise achieve, is a tremendous opportunity. Both boards share a common investment philosophy, where growth and a prudent approach to risk management are fundamental components," Martin Moore, Secure Income REIT Chairman.