Winthrop Realty Trust (fka FUR)

[Enterprising Investor]

Winthrop Realty Trust Sells Its Interest in the Sullivan Center Venture (4/27/16)

BOSTON, April 27, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR) (“Winthrop”) announced today that it has consummated the sale to its venture partner of both its mezzanine loan and entire ownership interest in its One South State Street, Sullivan Center venture for an aggregate purchase price of approximately $95.3 million. The net proceeds received by Winthrop from the sale are consistent with the asset’s liquidation value at December 31, 2015.

About Winthrop Realty Trust

Winthrop, headquartered in Boston, Massachusetts, is a NYSE-listed real estate investment trust (REIT). Winthrop’s shareholders have adopted a plan of liquidation pursuant to which Winthrop is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For more information, please visit our web-site at www.winthropreit.com.

http://globenewswire.com/news-release/2016/04/27/833706/0/en/Winthrop-Realty-Trust-Sells-Its-Interest-in-the-Sullivan-Center-Venture.html