8-K

                       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
                              ---------------------
             (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
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)

                                 (617) 570-4614
                                 --------------
              (Registrant's Telephone Number, Including Area Code)

                                       n/a
          -------------------------------------------------------------
          (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
                                                         -----------------------
                                                         Peter Braverman
                                                         President

EX-99.1

WINTHROP REALTY TRUST

AT THE COMPANY
Beverly Bergman
(617) 570-4614

           WINTHROP REALTY TRUST SELLS ALL OF ITS SHARES IN LEXINGTON
                                  REALTY TRUST

Boston, Massachusetts - March 25, 2008/PRNewswire-FirstCall/ - Winthrop Realty
Trust (NYSE:FUR), announced today that it has sold all of its 3,500,000 common
shares held in Lexington Realty Trust in a block trade for a net purchase price
of approximately $53,000,000. Winthrop will recognize a gain of approximately
$2,000,000 during the first quarter of 2008 with respect to this transaction.

About Winthrop Realty Trust

Winthrop Realty Trust is real estate investment trust (REIT) that owns, manages
and lends to real estate and related investments, both directly and through
joint ventures. Winthrop Realty Trust is listed on the New York Stock Exchange
and trades under the symbol "FUR." The Company has executive offices in Boston,
Massachusetts and Jericho, New York. For more information please visit
www.winthropreit.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995. With the exception of the historical information contained in this news
release, the matters described herein contain "forward-looking" statements that
involve risk and uncertainties that may individually or collectively impact the
matters herein described. These are detailed from time to time in the "Risk
Factors" section of the Company's SEC reports. Further information relating to
the Company's financial position, results of operations, and investor
information is contained in the Company's annual and quarterly reports filed
with the SEC and available for download at its website www.winthropreit.com or
at the SEC website www.sec.gov.