Winthrop Realty Trust Announces Sale of Mentor Building in Chicago, Illinois
August 01 2016 - 8:00AM
Winthrop Realty Trust (NYSE:FUR) (“Winthrop”) announced today the
sale of the Mentor Building in Chicago, Illinois which was held by
a venture in which Winthrop holds a 49.9% interest. In
addition, Winthrop held the mortgage loan on the property.
After satisfying all closing costs associated with the sale,
Winthrop received an aggregate of approximately $6.35 million from
the loan repayment and its equity investment. The amount
received is consistent with the most recently reported liquidation
value attributable to this asset.
Shareholders are reminded that, as previously
reported, today, August 1, 2016, is the last day on which
Winthrop’s common shares will be traded on the New York Stock
Exchange.
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
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