Acquisition and Disposition Activity (Tables)

6 Months Ended

Jun. 30, 2014

The following table summarizes the allocation of the aggregate purchase price of the Norridge Property as of March 5, 2014 (in thousands):


	The Norridge Property
Land	$	13,809
Building		38,923
Other improvements		2,113
Tenant improvements		1,077
Lease intangibles		9,004
Above market lease intangibles		1,769
Net working capital assets acquired		2,445

Fair value of assets acquired		69,140

Long term liabilities assumed		(42,500	)
Below market lease intangibles		(8,595	)
Net working capital liabilities assumed		(1,592	)

Fair value of liabilities assumed		(52,687	)

Net assets acquired	$	16,453

Intangible Assets Acquired and Intangible Liabilities Assumed

Intangible assets acquired and intangible liabilities assumed for the Norridge Property consisted of the following (in thousands):


	Carrying Value			Weighted Average Amortization Period (years)
Intangible assets:
In place lease intangibles	$	7,059			5
Above market lease intangibles		1,769			8.7
Lease commissions, legal and marketing fees		1,945			5

Total	$	10,773			5.9

Intangible liabilities:
Below market lease intangibles	$	(8,595	)		8.7

Accompanying Unaudited Pro Forma Information

The accompanying unaudited pro forma information for the three and six months ended June 30, 2014 and 2013 is presented as if the acquisition of the Norridge Property on March 5, 2014 had occurred on January 1, 2013 and the acquisition of 1515 Market Street on February 1, 2013 had occurred on January 1, 2012. This unaudited pro forma information is based upon the historical consolidated financial statements and should be read in conjunction with the consolidated financial statements and notes thereto. The unaudited pro forma information does not purport to represent what the actual results of operations of the Trust would have been had the above occurred. Nor do they purport to predict the results of operations of future periods.


Pro forma (unaudited)	For the Three Months Ended					For the Six Months Ended
(In thousands, except for per share data)	June 30,					June 30,
	2014			2013		2014			2013

Total revenue	$	25,654		$	23,335	$	51,599		$	46,843
Income from Continuing Operations		(1,058	)		5,843		(6,203	)		18,817
Net income attributable to Winthrop Realty Trust		8,957			8,367		9,597			22,354
Per common share data - basic		0.17			0.17		0.11			0.51
Per common share data - diluted		0.17			0.17		0.11			0.51