CommonWealth REIT Sells its Interest in Select Income REIT (SIR)

CHICAGO, July 9, 2014 /PRNewswire/ -- CommonWealth REIT CWH announced today that it has sold its 22 million shares of Select Income REIT (SIR) for $31.51 per share, to Government Properties Income Trust ("GOV") and Reit Management & Research LLC ("RMR"). Total consideration for the transaction, including accrued dividends, is approximately $705 million.

The shares sold represent the Company's entire position in a non-strategic, non-controlling interest in SIR. The Company will evaluate options for the use of proceeds from the sale, including potential debt repayments and other corporate purposes.

The transaction was made pursuant to a Stock Purchase Agreement approved by the Company's Board of Trustees. The Agreement will be filed with the Securities and Exchange Commission.

About CommonWealth REIT 
CommonWealth REIT CWH is an internally managed and self-advised real estate investment trust, which primarily owns office buildings located in central business districts and suburban locations across the country, with executive offices in Chicago, Ill.

Investor and Media Contact 
Sarah Byrnes, CommonWealth REIT, (312) 646-2801

SOURCE CommonWealth REIT