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GLOBENEWSWIREWinthrop Realty Trust Announces Recent Transactions

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Soapy Bubbles   Thursday, 03/31/11 11:52:38 AM
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Winthrop Realty Trust Announces Recent Transactions

Winthrop Realty Trust Announces Recent Transactions

BOSTON, Mar 31, 2011 (GlobeNewswire via COMTEX) -- Winthrop Realty Trust (FUR), a
diversified REIT that focuses on opportunistic equity and debt investments in
real estate, announced today that:

--on March 31, 2011 its Metropolitan Tower B Note and rake bond receivable
was satisfied at par. As a result, Winthrop will receive a principal
repayment of approximately $23.75 million on account of its original
aggregate $11.75 million investment.

--as previously described in a March 3, 2011 release, as a result of the
recent favorable Delaware Supreme Court ruling regarding the
cancellation of notes issued by Concord Real Estate CDO 2006-1 Ltd. (the
"CDO"), an entity in which Winthrop indirectly holds a one-third
interest, the CDO trustee will shortly begin to release funds previously
held in escrow resulting in Winthrop's initial receipt of approximately
$2.0 million on account of its loans made to Concord Debt Funding Trust
("Concord") in the aggregate amount of approximately $4,245,000. This
initial receipt of funds relates to escrowed funds for the period from
February 2010 through June 2010. The CDO's collateral manager and the
trustee are currently in the process of reconciling the distributions
due to Concord for the period from July 2010 through March 2011.

--its 50/50 joint venture with Retail Opportunity Investments Corp.
completed the previously reported acquisition at par of two
non-performing first mortgage loans with a total outstanding balance of
$35.6 million secured by two grocery anchored retail centers located in
Riverside County, California.Upon acquisition, the joint venture
immediately commenced foreclosure on the underlying properties.

--a venture in which Winthrop will hold a 50% interest entered into a
contract to acquire the collateral management agreements with respect to
three real estate CDOs that hold approximately $1.8 billion in loans and
loan securities. The acquisition of the collateral management agreements
is subject to the satisfaction of certain conditions precedent,
including required third party consents.

--it has entered into an agreement with Axxcess Capital Ventures, LLC, an
advisory firm focused on the tenant-in-common industry, pursuant to
which Axxcess will source opportunities for Winthrop to acquire
tenant-in-common sponsors and properties.

Michael L. Ashner, Winthrop's Chairman and Chief Executive Officer, commented,
"As we indicated during our year end conference call, our deal pipeline continues
to grow as evidenced by our three new ventures discussed above. In addition, a
number of our prior investments are proving out their underlying value and the
thesis of our strategy. As 2011 continues to unfold, we expect to be very active
in growing our portfolio and executing our deep value investment strategy."

Winthrop Realty Trust is a NYSE-listed real estate investment trust (REIT)
headquartered in Boston, Massachusetts. Additional information on Winthrop Realty
Trust is available on its Web site at http://www.winthropreit.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995. With the exception of the historical information contained in this news
release, the matters described herein contain "forward-looking" statements that
involve risk and uncertainties that may individually or collectively impact the
matters herein described. These are detailed from time to time in the "Risk
Factors" section of the Company's SEC reports. Further information relating to
the Company's financial position, results of operations, and investor information
is contained in the Company's annual and quarterly reports filed with the SEC and
available for download at its website http://www.winthropreit.com or at the SEC
website http://www.sec.gov.

This news release was distributed by GlobeNewswire, http://www.globenewswire.com

SOURCE: Winthrop Realty Trust
CONTACT: Winthrop Realty Trust
Beverly Bergman
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: bbergman@firstwinthrop.com

(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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