Winthrop Realty Trust Announces Receipt of Full Satisfaction of SoCal Office
BOSTON, Oct. 2, 2012 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR)
announced today that its 50.2% owned joint venture received payment in full on
its $117.9 million C note in a $798.0 million first mortgage encumbering a 4.5
million square foot, 31 property portfolio of office properties situated
throughout Southern California. Winthrop received approximately $38.7 million
with respect to its $29.8 million net investment in this loan which was
acquired in November 2011 resulting in a 27.0% return to Winthrop.
About Winthrop Realty Trust
Winthrop Realty Trust, headquartered in Boston, Massachusetts, is a
NYSE-listed real estate investment trust (REIT) focused on acquiring, owning,
operating and investing in real property as well as real estate financial
instruments including CMBS, bonds, REIT preferred and common stock. 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: Beverly Bergman
Investor or Media Inquiries
Phone: (617) 570-4614
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