SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) March 25, 2008
WINTHROP REALTY TRUST
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(Exact Name of Registrant as Specified in Its Charter)
Ohio
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(State or Other Jurisdiction of Incorporation)
001-06249 34-6513657
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(Commission File Number) (I.R.S. Employer Identification No.)
7 Bulfinch Place, Suite 500, P.O. Box 9507, Boston, Massachusetts 02114
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(Address of Principal Executive Offices) (Zip Code)
(617) 570-4614
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(Registrant's Telephone Number, Including Area Code)
n/a
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFT|R 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.01. Completion of Acquisition or Disposition of Assets.
On March 25, 2008, Winthrop Realty Trust (the "Trust") sold in a block
trade all of its 3,500,000 shares held in Lexington Realty Trust ("Lexington")
for a net sales price of $52,850,000. The Trust had originally acquired the
shares on November 7, 2005 in connection with the initial public offering of
Newkirk Realty Trust, Inc. which was subsequently merged with and into
Lexington. The Trust acquired the shares for $50,000,000 in cash and the
assignment of certain exclusivity rights relating to net lease assets which was
valued at $20,000,000. Since there initial acquisition in November 2005, the
Trust had received total dividends on these shares of approximately $21,000,000.
The shares sold constituted all shares held by the Trust in Lexington.
The Trust previously took an other-than-temporary impairment on these
shares at December 31, 2007 in accordance with applicable accounting rules which
reduced the Trust's carrying value in the shares to $50,280,000. As a result,
the Trust will recognize a gain on sale of approximately $2,030,000 during the
first quarter of 2008.
A copy of the press release issued on March 25, 2008 with respect to the
foregoing sale of shares is attached hereto as exhibit 99.1
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated March 25, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized on this 27th day of March, 2008.
WINTHROP REALTY TRUST
By: /s/ Peter Braverman
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Peter Braverman
President