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Winthrop Realty Trust Enters Into Venture to Redevelop Times Square New York Property



Winthrop Realty Trust Enters Into Venture to Redevelop Times Square New York
Property

Acquires Four B Notes at a Discount and Receives Payment in Full on Two Loan
Receivables

BOSTON, Oct. 16, 2012 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR)
announced today that it has entered into a venture with The Witkoff Group and
New Valley LLC (the "JV") to acquire and redevelop the property located at 701
Seventh Avenue, New York, New York, which is the northeast corner of 7^th
Avenue and 47^th Street in the Times Square submarket of New York City. The
proposed redevelopment will include an expansion of the retail space to
approximately 80,000 square feet, installing an approximately 22,000 square
foot state of the art LED sign, and potential development of a hotel. Winthrop
has committed to invest up to $68.0 million on a preferred equity basis with
an initial contribution of approximately $29.0 million. 

In addition, Winthrop recently (i) acquired for $20.7 million four B-Notes
with an aggregate principal balance of $25.7 million, secured by two office
buildings in Burbank, California and two retail properties in Hawaii; (ii)
received payment in full on its $30.0 million first mortgage loan secured by a
326,000 square foot commercial building located in Ft. Lauderdale, Florida
resulting in a 22% return to Winthrop; and (iii) received payment in full on
its $15.6 million B Participation in a $70.0 million mortgage loan secured by
multiple properties in Riverside, California resulting in a 12% 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: Winthrop Realty Trust
         Beverly Bergman
         Investor or Media Inquiries
         Phone: (617) 570-4614; e-mail: bbergman@firstwinthrop.com
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