Winthrop Realty Trust Sells Its Interest in the Sullivan Center Venture
27 Abril 2016 - 5:15PM
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.
“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 www.winthropreit.com or at the SEC website www.sec.gov.
Contact at Winthrop Realty Trust
Carolyn Tiffany
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: ctiffany@firstwinthrop.com
Winthrop (NYSE:FUR)
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