FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * ROSKIND E ROBERT   2. Issuer Name and Ticker or Trading Symbol LEXINGTON CORPORATE PROPERTIES TRUST [LXP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman of the Board (Last) (First) (Middle) ONE PENN PLAZA, SUITE 4015 3. Date of Earliest Transaction (Month/Day/Year) 01/15/2005 (Street) NEW YORK, NY 10119-4015 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/15/2005   M   3,100 A $ 0 654,781 I (2) By the Roskind Family Foundation, Inc. (1)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Partnership Units (3)

$ 0

01/15/2005

M

3,100

(4)

(5)

Common Stock

3,100 (1)

$ 0

1,836,156

I (2)

By The Roskind Family Foundation, Inc.

Partnership Units (6)

$ 0

01/18/2005

G

100,000 (7)

(8)

(5)

Common Stock

100,000

$ 0

1,736,156

D

Partnership Units (6)

$ 0

01/18/2005

G

100,000 (7)

(8)

(5)

Common Stock

100,000

$ 0

1,836,156

I (2)

By Wife

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ROSKIND E ROBERT ONE PENN PLAZA, SUITE 4015 NEW YORK, NY 10119-4015	X		Chairman of the Board

Signatures

E. Robert Roskind, by Dianne R. Smith, A.I.F.		01/19/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The Roskind Family Foundation, Inc. was formerly known as The ERD Family Foundation.
(2)	Mr. Roskind shares voting and investment power with respect to these securities. Mr. Roskind disclaims beneficial ownership of the reported securities except to his pecuniary interest therein.
(3)	Partnership Units in Lepercq Corporate Income Fund L.P., which are exchangeable at any time into Common Stock of Lexington Corporate Properties Trust (the "Trust") on a one-for-one basis.
(4)	The Partnership Units became exercisable on May 22, 1998.
(5)	There is no expiration date.
(6)	Partnership Units in Lepercq Corporate Income Fund II L.P., which are exchangeable at any time into Common Stock of the Trust on a one-for-one basis.
(7)	Represents transfer of shares to wife.
(8)	The Partnership Units became exercisable on January 15, 1999.

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