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Winthrop Realty to issue more cash, puts another property under contract

Jun. 14, 2016 8:19 AM ETWinthrop Realty Trust (FUR) StockFURBy: Stephen Alpher, SA News Editor20 Comments
  • The board has declared a liquidating distribution of $1.25 per share payable on July 1 to holders of record on June 24. The money is coming from the recent financing on NYSE:FUR's Houston apartment JV.
  • One East Erie in Chicago is under agreement for sale for $47.9M, with a non-refundable $750K deposit. The sale is expected to close on August 5.
  • Source: Press Release

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