Operating Properties

• 8 triple net leased retail and office properties consisting of more than 681,000 square feet of space in 6 states.
• A 585,000 square foot warehouse located in Jacksonville, Florida which is currently 100% leased to various tenants.
• Two adjacent office buildings consisting of 200,000 square feet located in Amherst, New York 100% triple net leased to Ingram Micro, Inc.
• An office property consisting of 54,000 square feet net leased to Fairpoint Communications, Inc., located in Burlington, Vermont.
• Two multi-tenanted office buildings located in Lisle, Illinois, a Chicago suburb, containing 236,200 square feet.
• A 100% interest in a partnership that owns approximately 126,000 square feet of retail and office space constituting the first six floors of a mixed-use building and 208 parking spaces located in Chicago, Illinois.
• A 31% controlling interest in a nine story, 614,000 square foot office building located in Houston, Texas that is 100% triple net leased to Spectra Energy Westheimer, LP (formerly known as Duke Energy Corp.). This property is commonly referred to as 5400 Westheimer.
• A 60% interest in a partnership that owns an approximately 54,000 square foot office property located in Lisle, Illinois.
• A 60% interest with Sealy & Company Inc. ("Sealy") which joint venture acquired 12 flex properties containing an aggregate of 472,000 square feet of space located in Atlanta, Georgia.
• A 50% interest with Sealy which joint venture acquired 13 light distribution and service center properties containing an aggregate of 1,155,000 square feet of space located in Nashville, Tennessee.
• A 68% interest with Sealy which joint venture acquired six properties containing an aggregate of 470,000 square feet of space located in Atlanta, Georgia.
• A 60% interest with Marc Realty in a 253,000 square foot multi-tenant office building located in Chicago, Illinois known as River City.
• A 180 unit multi-family apartment complex located in Meriden, Connecticut.
• Acquired for $39.6 million an effective 75% interest in Vintage Housing Holdings, which owns general partnership interests and certain developer fees and advances receivable from partnerships owning 30 multifamily and senior housing properties comprising approximately 5,485 units located primarily in the Pacific Northwest and California.
• An 82,000 square foot newly constructed office building referred to as the Deer Valley Medical Center located in Deer Valley, Arizona, a suburb of Phoenix.
• A 118,000 square foot office building referred to as the Crossroads II at Meridian, located in Englewood, Colorado, a suburb of Denver.
• A 118,000 square foot office building known as Crossroads I at Meridian located in Englewood, Colorado. The Crossroads I is a sister property to the Crossroads II at Meridian office building and is adjacent thereto.
• Through a 50/50 joint venture, aquired and restructured an existing mortgage loan secured by a 942,000 square foot offfice and retail property located at One South State Street in downtown Chicago, Illinois known as the Sullivan Center. The existing loan was restructured into a $100.0 million non-recourse mortgage loan provided by a third party lender, together with a 15% $47.5 million mezzanine loan held by our joint venture. The joint venture also holds a 70% profits participation in the property.
• A preferred equity interest in 446-High Line, LLC, the entity that owns the leasehold interest in a property located at 450 West 14th Street, New York, New York.
• A 320 unit Class A multifamily property in Memphis, Tennessee, known as Waterford Place.
• The Company, together with New Valley LLC (wholly owned by Vector Group Ltd.) and The Witkoff Group, acquired the property and associated air rights located at 701 Seventh Avenue in the Times Square area of New York City.
• A 100% membership interest in the entity that holds the fee simple title to a nine-story, 187,000 square foot Class B office building located in Cerritos, California.
• A 284 unit multi-family property located in Greensboro, North Carolina.
• Through a joint venture acquired for $9.2 million a 62,000 square foot Class B office building located in Sorrento Mesa, California.  Winthrop funded $6.0 million as a preferred equity investment in the joint venture which entitles it to a 12% priority return and the remaining equity was funded equally by Winthrop and its joint venture partner.
• Acquired control of, and an effective 89% equity interest in, the property owner of 1515 Market Street while retaining its $71.7 million loan secured by the property.  Subsequent to quarter end, obtained a new first mortgage loan from a third party in the original principal amount of $43.0 million which bears interest at 2.5% per annum, requires monthly payments of interest only and matures April 2016.  Winthrop received $38.5 million of loan proceeds from the financing which reduced Winthrop’s investment in the loan receivable to $21.1 million, which investment amount accrues interest at a rate of 19.6%.
• Acquired for $500,000 a 49.9% aggregate equity investment in the Mentor Building located in Chicago, Illinois.

All information is reported as of the Trust’s most recent filings with the Securities and Exchange Commission (“SEC”). Please refer to the Trust’s SEC Filings for more detailed information concerning all of our assets.