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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 COEAmRuX0Xsiy79cC59L8iwGdlgBd7CfK906nRC5kPJd011m0hJGKv78W8uYM+DZ
 ODg03tinlocczQn0peuisg==

<SEC-DOCUMENT>0001193805-07-001398.txt : 20070525
<SEC-HEADER>0001193805-07-001398.hdr.sgml : 20070525
<ACCEPTANCE-DATETIME>20070525151743
ACCESSION NUMBER:		0001193805-07-001398
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070523
FILED AS OF DATE:		20070525
DATE AS OF CHANGE:		20070525

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			EMBRY TALTON R
		CENTRAL INDEX KEY:			0001025165

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06249
		FILM NUMBER:		07880465

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		2128130900

	MAIL ADDRESS:	
		STREET 1:		C/O MAGTEN ASSET MANAGEMENT CORP
		STREET 2:		410 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Winthrop Realty Trust
		CENTRAL INDEX KEY:			0000037008
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				346513657
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		7 BULFINCH PLACE
		STREET 2:		SUITE 500 PO BOX 9507
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02114
		BUSINESS PHONE:		6175704614

	MAIL ADDRESS:	
		STREET 1:		7 BULFINCH PLACE
		STREET 2:		SUITE 500 PO BOX 9507
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST UNION REALTY
		DATE OF NAME CHANGE:	19691012
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>e602191_ex.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-05-23</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000037008</issuerCik>
        <issuerName>Winthrop Realty Trust</issuerName>
        <issuerTradingSymbol>FUR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001025165</rptOwnerCik>
            <rptOwnerName>EMBRY TALTON R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>461 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>25TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares of Beneficial Interest</value>
            </securityTitle>
            <transactionDate>
                <value>2007-05-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>16156</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>6.55</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1235939</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares of Beneficial Interest</value>
            </securityTitle>
            <transactionDate>
                <value>2007-05-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5201</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>6.60</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1240940</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Person is the Chairman and Chief Investment Officer of Magten Asset Management Corp. (&quot;Magten&quot;), an investment
 advisor which has voting power and investment power with respect to the securities of its clients' accounts.</footnote>
        <footnote id="F2">The Reporting Person is a member of the Board of Trustees of the Issuer. This report shall not be deemed an admission that
 the Reporting Person is subject to Section 16 with respect to such securities.</footnote>
        <footnote id="F3">The number of shares reported consist of (i) 1,038,934 shares held in a trust account for the benefit of Mr. Embry, his
 spouse and an employee of Magten, (ii) 50,451 shares held in a trust account in which Mr. Embry is the trustee and the
 beneficiary is Mr. Embry's minor son, (iii) 33,806 shares held in a trust account in which Mr. Embry is the trustee and the
 beneficiary is Mr. Embry's minor daughter, and (iv) 117,949 shares are owned beneficially by discretionary accounts managed
 by Mr. Embry.  Mr. Embry disclaims any beneficial ownership of the foregoing shares for purposes of Section 16 or for any
 other purposes to the extent he does not have a pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Talton Embry</signatureName>
        <signatureDate>2007-05-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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