Winthrop Realty Trust Acquires Interests in Four Loans
05 1월 2010 - 7:05AM
PR Newswire (US)
BOSTON, Jan. 4 /PRNewswire-FirstCall/ -- Winthrop Realty Trust
(NYSE:FUR) announced that it has acquired for a gross price of
$15.6 million junior participations or rake bonds in three first
mortgage loans as well as a mezzanine loan together which have an
aggregate outstanding balance of $34.8 million. Each loan or bond
is secured by either a class A office building located in New York
city, a class A office building located in the greater Los Angeles
metro market, the Beverly Hills Hilton Hotel or a retail
condominium building located in New York city. Michael L. Ashner,
the Company's Chairman and Chief Executive Officer, stated "in each
instance we targeted a debt position in the underlying collateral's
capital stack which we believe may be the fulcrum position in
connection with a recapitalization of such asset." 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 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 http://www.winthropreit.com/ or at the SEC website
http://www.sec.gov/. DATASOURCE: Winthrop Realty Trust CONTACT:
Winthrop Realty Trust: Beverly Bergman, Investor or Media
Inquiries, +1-617-570-4614, Web Site: http://www.winthropreit.com/
Copyright