Winthrop Realty Trust Announces Acquisition of 320 Unit Class A Multifamily Property
24 Aprile 2012 - 11:05PM
Winthrop Realty Trust (NYSE:FUR) announced today that it has
acquired for a purchase price of approximately $21.475 million a
320 unit, class A, multifamily property, situated on 27.9 acres in
the Germantown/Collierville submarket of Memphis, Tennessee and
commonly referred to as Waterford Place. The property which had
been foreclosed on by the mortgage lender in May 2012 was
constructed in 2011 and is currently 87% occupied.
About Winthrop Realty Trust
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 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: Beverly Bergman
Investor or Media Inquiries
Phone: (617) 570-4614
e-mail: bbergman@firstwinthrop.com
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