Real Estate Central

BOSTON, Aug. 20 /PRNewswire-FirstCall/ — Winthrop Realty Trust (NYSE:
FUR) today announced that it has acquired through a venture with Sealy &
Company Inc. a six building office-flex campus containing 469,667 square
feet in Northwest Atlanta, Georgia. The campus is both similar to and
adjacent with the twelve building 471,871 square foot office-flex campus
previously acquired in a venture with Sealy & Company in Northwest Atlanta,
Georgia. The purchase price for the property was $47,000,000, inclusive of
assumed debt but exclusive of acquired cash reserves. The venture assumed
an existing $37,000,000, 6.12% first mortgage loan encumbering the property
which matures in November 2016. The property is presently 88% occupied and
will be jointly owned and managed with its sister venture. Pursuant to the
terms of the venture agreement, Sealy oversees the day-to-day operations of
the joint venture. The new venture is projected to yield an initial
approximate return of 11% to Winthrop’s equity investment. Winthrop’s
initial percentage ownership in the new venture is 68%.

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 Annual Report
of Form 10-K/A for the year ended December 31, 2007, as may be updated or
supplemented in the company’s Form 10-Q filings which discuss the factors
that could adversely affect the Company’s results. Further information
relating to the Company’s financial position, results of operations, and
investor information is also contained in the Company’s reports filed with
the SE, which reports are available for download at our website
http://www.winthropreit.com or at the SEC website http://www.sec.gov.

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[Via Real Estate Newswire]