Winthrop Realty Trust Announces Sale of Its Amherst, New York Property
BOSTON, June 26, 2014 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR)
("Winthrop") announced today that it has sold to an unaffiliated third party
its office building property located in Amherst, New York which is leased to
Ingram Micro for a gross sales price of $24,500,000. Winthrop will realize net
proceeds, after costs and closing adjustments and the expected release of
amounts escrowed in connection with the sale, of approximately $23,700,000.
The net asset value range for this property at March 31, 2014, the most
recent net asset value provided by Winthrop, was $23,252,000 - $24,027,000.
About Winthrop Realty Trust
Winthrop, 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 collateralized debt and REIT preferred
and common stock.For more information, please visit our web-site at
"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
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: firstname.lastname@example.org
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