Winthrop Realty Trust Announces Agreement to Sell Its Interest in Its Vintage Housing Venture
17 Febbraio 2015 - 4:33PM
Winthrop Realty Trust (NYSE:FUR) ("Winthrop") announced today that
it has entered into an agreement to sell its interest in its
Vintage Housing Venture to Kennedy-Wilson Holdings Inc. The sale,
which is subject to customary conditions, including obtaining
certain third party consents, is expected to close, if at all, in
the second quarter of 2015. Winthrop estimates that the net
proceeds from the sale will be approximately $85.6 million.
About Winthrop Realty Trust
Winthrop, headquartered in Boston, Massachusetts, is a
NYSE-listed real estate investment trust (REIT). Winthrop's
shareholders recently 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: Winthrop Realty Trust
Carolyn Tiffany
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: ctiffany@firstwinthrop.com
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