Highgrove Apartments Contract Terminated
28 Gennaio 2016 - 1:01AM
Winthrop Realty Trust (NYSE:FUR) ("Winthrop") announced today that
the contract to sell the apartment building located in Stamford,
Connecticut owned by a venture in which Winthrop holds an 83.7%
interest has been terminated in accordance with its terms. Pursuant
to the terms of the contract, the venture retained the $5,000,000
deposit as the venture was ready, willing and able to close on the
closing date. In light of the termination of the contract, the
property will be re-marketed for sale.
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: Winthrop Realty Trust
Carolyn Tiffany
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: ctiffany@firstwinthrop.com
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