Winthrop Realty Trust (fka FUR)

[Enterprising Investor]

Winthrop Realty Trust Announces Sale of Its Greensboro, North Carolina Property (5/12/16)

BOSTON, May 12, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR) (“Winthrop”) announced today that its 284 unit multi-family property located in Greensboro, North Carolina commonly known as Lake Brandt Apartments was sold for a gross sales price of $20,000,000. After satisfying the debt encumbering the property and closing costs, net proceeds to Winthrop were approximately $6,300,000, which amount is consistent with the most recently reported liquidation value attributable to this property.

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/2016/05/12/839653/0/en/Winthrop-Realty-Trust-Announces-Sale-of-Its-Greensboro-North-Carolina-Property.html