Winthrop Realty Trust, formerly known as First Union Real Estate Equity and Mortgage Investments, is a New York Stock Exchange publicly traded real estate investment trust. On January 1, 2004, Michael L. Ashner and senior Winthrop Management acquired control of the REIT through the purchase of 10,000,000 shares of the REIT’s common stock. The Trust operates through an umbrella REIT ('UPREIT') structure and conducts its business through its operating partnership WRT Realty L.P. (formerly First Union REIT L.P.).