Winthrop Realty Trust Announces Sale of Deer Valley, Arizona Property
12 Giugno 2013 - 11:00PM
Winthrop Realty Trust (NYSE:FUR) announced today that it has sold
its medical office building property located in Deer Valley,
Arizona for a gross sales price of $20,500,000 and net proceeds,
after costs and closing adjustments, of approximately $20,000,000.
The property was originally acquired through a foreclosure by
Winthrop on a loan receivable acquired in June 2010 for an original
purchase price of approximately $10,600,000.
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 as well
as real estate financial instruments including CMBS, bonds, 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
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