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(NYRT) (the "Company" or "NYRT"), which is liquidating and winding down pursuant to a plan of liquidation, announced today the Company's Board of Directors has declared a cash liquidating distribution of .
NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value.
Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors.
Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs – as high as 15%.
BOSTON, July 28, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) (the "Company" or "Winthrop"), which is liquidating and winding down pursuant to a plan of liquidation, announced today its financial and operating results for the second quarter ended June 30, 2016.
BOSTON, July 19, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square area of Manhattan, New York has entered into a lease with The Hershey Company for retail space of BOSTON, July 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust ("Winthrop") (NYSE: FUR), announced that it will release its second quarter 2016 results on Thursday, July 28, 2016 prior to the market open.
The Purchase Agreement provided for the sale to the Buyer of the property commonly known as “Cajon Distribution Center,” an 830,750 square foot distribution warehouse located in San Bernardino, California, for approximately .2 million in cash..
Real estate investment trusts (REITs) are complex and inherently risky products.
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