Acquisition, Disposition, Leasing and Financing Activities (Tables)

12 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

The Allocation of the Aggregate Purchase Price

The following table summarizes the allocation of the aggregate purchase price of 1515 Market Street, Summit Pointe Apartments and Luxury Residential at their respective dates of acquisition (in thousands):

	1515 Market Street			Summit Pointe Apartments			Luxury Residential			Total
Land	$	18,627		$	1,328		$	26,805		$	46,760
Building		21,860			11,962			214,505			248,327
Other improvements		73			1,126			197			1,396
Fixtures and equipment		—			263			1,895			2,158
Tenant improvements		1,407			—			72			1,479
Lease intangibles		14,943			283			2,860			18,086
Above market lease intangibles		2,867			—			49			2,916
Net working capital acquired		1,132			284			(2,096	)		680
Below market lease intangibles		(620	)		—			(383	)		(1,003	)
Total fair value of assets acquired		60,289			15,246			243,904			320,799
Long term liabilities assumed		(60,279	)		(9,248	)		—			(69,527	)
Assumed debt premium		—			(712	)		—			(712	)
Net assets acquired	$	10		$	5,286		$	243,904		$	250,560

Intangible Assets Acquired and Intangible Liabilities Assumed

Intangible assets acquired and intangible liabilities assumed for 1515 Market Street, Summit Pointe Apartments and Luxury Residential consisted of the following (in thousands):

	Carrying Value			Weighted Average Amortization Period (years)
Intangible assets:
In place lease intangibles	$	9,435			4.4
Above market lease intangibles		2,916			6.0
Tenant relationship value		7,388			13.3
Lease commissions, legal and marketing fees		1,263			4.4
Total	$	21,002			7.0
Intangible liabilities:
Below market lease intangibles	$	(1,003	)		4.0

The Accompanying Unaudited Pro Forma Information

(In thousands, except for per share data)	For the year ended December 31,
	2013		2012		2011
Total revenue	$	101,465	$	112,694	$	76,049
Income from continuing operations		8,890		10,610		8,299
Net income attributable to Winthrop Realty Trust		24,419		17,519		8,140
Per common share data - basic		0.72		0.53		0.23
Per common share data - diluted		0.72		0.53		0.23