Maguire Properties investor Winthrop Realty drops ownership to 5%

By Lisa Kerner

Charlotte, N.C., May 19 - Winthrop Realty Trust sold 445,000 shares of Maguire Properties, Inc. between April 29 and May 19 priced from $2.60 to $2.77 each, according to a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.

In April, Maguire denied a request by Winthrop to acquire preferred shares in excess of ownership limits set in Maguire's organizational documents, a prior SEC filing said.

Winthrop beneficially owns 500,000 shares, or 5%, of the Los Angeles-based real estate investment trust.

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