CONCORD DEBT HOLDINGS LLC RECEIVES $100 MILLION REVOLVING CREDIT FACILITY

      Boston, March 10/PRNewswire-FirstCall/ -- Concord Debt Holdings LLC, a
joint venture debt platform owned 50% by each of Winthrop Realty Trust
(NYSE:FUR) and Lexington Realty Trust (NYSE:LXP), today announced that it has
entered into a $100 million secured revolving credit facility with KeyBank
National Association. The credit facility enables Concord to finance existing
unlevered assets as well as new assets acquired by Concord. The initial maximum
borrowings under the loan are $100 million, expandable to $350 million, upon
compliance with certain conditions. Borrowings under the facility will bear
interest at spreads over LIBOR ranging from 1.75% to 2.25% depending on the
underlying loan asset or debt security for which such borrowing is made. The
facility, inclusive of extension rights, will mature in March 2011. In addition
to the KeyBank revolving credit facility, Concord has modified its master
repurchase agreement with Column Financial to enable it, at its election and
subject to certain terms and conditions, to extend the maturity from March 2009
to March 2011.

      As result of the foregoing, approximately 91% of Concord's debt
obligations are subject to financing with maturity or redemption dates, after
giving effect to extensions, ranging between approximately three and nine years.

      Michael L. Ashner, the Chief Executive Officer of WRP Management LLC, the
manager of Concord, stated "we believe that the current difficulties in the
credit markets required us to focus our efforts on extending the duration of
Concord's short term financial obligations and locking in additional acquisition
financing. With the new KeyBank revolving credit facility and the recent
modification to our Master Repurchase Agreement with Column, we view Concord as
now well positioned to take advantage of the opportunities presented by the
current debt markets. Mr. Ashner continued, "we are quite pleased with Concord's
performance to date and note that all of its assets are performing in accordance
with their terms other than its $44 million interest in the most senior level
mezzanine loan secured by a portfolio of four office buildings in New York City
owned by an entity owned and controlled by Harry Macklowe, which went into
default when the loan matured in February 2008. We believe that given our
position in the most senior mezzanine loan that there is more than sufficient
value in the properties collateralizing this loan to enable the loan to
ultimately be satisfied in full."

About Lexington Realty Trust

      Lexington Realty Trust is a real estate investment trust that owns,
invests in, and manages office, industrial and retail properties net-leased to
major corporations throughout the United States and provides investment advisory
and asset management services to investors in the net lease area. Lexington
shares are traded on the New York Stock Exchange under the symbol "LXP".
Additional information about Lexington is available on-line at
http://www.lxp.com or by contacting Lexington Realty Trust, Investor Relations,
One Penn Plaza, Suite 4015, New York, New York 10119-4015.



About Winthrop Realty Trust

      Winthrop Realty Trust is a NYSE-listed real estate investment trust (REIT)
headquartered in Boston, Massachusetts. Through its subsidiaries and joint
ventures, Winthrop acquires, owns, and manages a portfolio of office, retail,
and industrial properties. Additional information about Lexington is available
on-line at http://www.winthropreit.com or by contacting Winthrop Realty Trust,
Investor Relations, 7 Bulfinch Place, Suite 500, Boston, Massachusetts 02114.

"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. Forward-looking statements, which are based on certain
assumptions and describe Concord's future plans, strategies and expectations,
are generally identifiable by use of the words "believes," "expects," "intends,"
"anticipates," "estimates," "projects" or similar expressions. Concord
undertakes no obligation to publicly release the results of any revisions to
those forward-looking statements which may be made to reflect events or
circumstances after the occurrence of unanticipated events. Accordingly, there
is no assurance that Concord's expectations will be realized.

For Further Information

Concord Debt Holdings LLC
Beverly Bergman
(617) 570-4600