Winthrop Realty Trust Announces Financing of Four Loans in its Marc Realty Portfolio
18 Giugno 2007 - 11:42PM
PR Newswire (US)
BOSTON, June 18 /PRNewswire-FirstCall/ -- Winthrop Realty Trust
(NYSE:FUR) today announced that the three National Place office
properties and the office property located at 1051 Perimeter Drive
which are part of its Marc Realty portfolio have obtained first
mortgage loans in an aggregate principal amount of $56,798,000 and
with a weighted average interest rate of 6.338% per annum.
Approximately $4,800,000 of the loan proceeds were used to satisfy
a substantial portion of Winthrop's 7.65% convertible mezzanine
loans with respect to these properties. Winthrop retains its 50%
participating interest in each of these properties as well as
approximately $5,300,000 in mezzanine loans which require principal
payments from future sales or additional financing proceeds from
these properties. Winthrop Realty Trust is a NYSE-listed real
estate investment trust (REIT) headquartered in Boston,
Massachusetts. Additional information on Winthrop Realty Trust is
available on its Web site at http://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 our annual
and quarterly reports filed with the SEC and available for download
at our website http://www.winthropreit.com/ or at the SEC website
http://www.sec.gov/. DATASOURCE: Winthrop Realty Trust CONTACT:
Beverly Bergman of Winthrop Realty Trust, +1-617-570-4614 Web site:
http://www.winthropreit.com/ http://www.sec.gov/
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