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) June 29, 2017
WINTHROP REALTY LIQUIDATING TRUST
(Exact Name of Registrant as Specified in Its Charter)
| Ohio | ||
| (State or Other Jurisdiction of Incorporation) | ||
| 001-06249 | 34-6513657 | |
| (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 June 29, 2017, Winthrop Realty Liquidating Trust (the “Trust”) sold its Orlando, Florida property. After satisfying the debt encumbering this property and all closing costs associated with the sale, the Trust received an aggregate of approximately $1.1 million from the sale. The amount received is consistent with the Trust’s estimated net assets in liquidation attributable to this asset at December 31, 2016.
| Item 8.01. | Other Events |
On June 30, 2017, the Trust issued a press release with respect to the transaction described in Item 2.01 as well as announcing that the Trust’s 550-650 Corporetum, Lisle Illinois property and its Summit Pointe apartments property located in Oklahoma City, Oklahoma are subject to binding sale contracts. A copy of the Press Release is furnished as Exhibit 99.1 to this Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
(c) Exhibits
| 99.1 | Press Release dated June 30, 2017 |
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 30th day of June, 2017.
| WINTHROP REALTY LIQUIDATING TRUST | ||
| By: | /s/ Carolyn Tiffany | |
| Carolyn Tiffany | ||
| Trustee | ||
Contact at Winthrop Realty Liquidating Trust
John Garilli
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: jgarilli@winthropcapital.com
______________________________________________________________________________
FOR IMMEDIATE RELEASE
June 30, 2017
WINTHROP REALTY LIQUIDATING TRUST ANNOUNCES SALE OF ORLANDO, FLORIDA PROPERTY
________________
Two Additional Properties under Contract for Sale
FOR IMMEDIATE RELEASE – BOSTON, MASSACHUSETTS, June 30, 2017—Winthrop Realty Liquidating Trust (the “Trust”) announced today the sale of its Orlando, Florida property to an independent third party for a gross purchase price of approximately $34.8 million. After satisfying the debt encumbering this property and all closing costs associated with the sale, the Trust received an aggregate of approximately $1.1 million from the sale. The amount received is consistent with the Trust’s estimated net assets in liquidation attributable to this asset at December 31, 2016.
In addition, the Trust has entered into binding contracts to sell its 550-650 Corporetum, Lisle Illinois property and its Summit Pointe apartments property located in Oklahoma City, Oklahoma. Both properties have hard deposits with the buyers and are expected to close in the third quarter of 2017. The contract price for both properties is expected to generate net proceeds to the Trust consistent with the Trust’s estimated net assets in liquidation attributable to these assets at December 31, 2016.
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About Winthrop Realty Liquidating Trust
Winthrop Realty Liquidating Trust was formed to continue the liquidation process of remaining assets held by Winthrop Realty Trust at August 5, 2016. The Trust’s sole purpose is to continue to seek to sell these assets in an orderly fashion to maximize value to its beneficiaries. Subject to certain exceptions related to transfer by will, intestate succession or operation of law, interests in the Trust are not transferable, nor do beneficiaries have authority or power to sell or in any other manner dispose of their interest in the Trust. For more information about the Trust’s remaining assets, please visit our web-site at www.winthropreit.com.