BOSTON, June 26, 2014 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR) ("Winthrop") announced today that it has sold to an unaffiliated third party its office building property located in Amherst, New York which is leased to Ingram Micro for a gross sales price of $24,500,000. Winthrop will realize net proceeds, after costs and closing adjustments and the expected release of amounts escrowed in connection with the sale, of approximately $23,700,000. The net asset value range for this property at March 31, 2014, the most recent net asset value provided by Winthrop, was $23,252,000 - $24,027,000.
About Winthrop Realty Trust
Winthrop, 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 collateralized debt and 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.