Winthrop Realty Trust Acquires Its Partners Interest on Sullivan Center Mezzanine Loan

Winthrop Realty Trust Acquires Its Partners Interest on Sullivan Center
Mezzanine Loan

BOSTON, Aug. 22, 2013 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR) has
acquired the 50% interest that was held by its partner in the mezzanine loan
indirectly secured by the property located at One South State Street, Chicago,
Illinois. As a result, Winthrop now holds 100% of the mezzanine loan that has
an outstanding balance of principal and accrued interest of approximately
$56,150,000 and which bears interest at 15% per annum.Winthrop paid
$30,000,000 for the 50% interest.Both Winthrop and its partner, through a
joint venture, continue to each hold an approximately 35% indirect equity
interest in the property.

In addition, Winthrop recently entered into the following transactions:

  *Through a joint venture, agreed to acquire Summit Pointe Apartments in
    Oklahoma City, Oklahoma.The property is a 184-unit garden apartment
    complex originally built in 1984.Upon closing of the acquisition of the
    property, which is subject to the satisfaction of certain conditions,
    Winthrop expects that its capital contribution to the venture will be
    approximately $4,800,000.Pursuant to the terms of the venture agreement,
    Winthrop will hold a preferred equity interest which entitles Winthrop to
    an 8% preferred return from cash flow and, upon disposition of the
    property, a preferred return sufficient to provide Winthrop with the
    greater of a minimum 12% IRR as against an equity participation in the
    property's appreciation.Assuming satisfaction of the closing conditions,
    this transaction is expected to close in September 2013;
    
  *Through its CDH CDO venture, has entered into an agreement to sell its One
    Riverwalk property located in San Antonio, Texas.The closing of this
    transaction is expected to occur at the end of the month, and, after
    satisfying the existing third party debt, it is anticipated that Winthrop
    will receive from the net proceeds approximately $4,400,000; and
    
  *Sold its Seabrook, Texas property to an independent third party for gross
    sale proceeds of $3,300,000, resulting in net proceeds of approximately
    $3,202,000, an amount in excess of Winthrop's most recent net asset value
    range for the property of $2,556,000 to $2,875,000.

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, real estate secured loans and 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
 
Press spacebar to pause and continue. Press esc to stop.