EX-99
13
a05-20178_1ex99.htm
EXHIBIT 99
Exhibit
99
NEWKIRK
REALTY TRUST, INC.
AT THE
COMPANY
Carolyn Tiffany
Chief Operating Officer
(617) 570-4680
NEWKIRK REALTY TRUST, INC. ANNOUNCES CLOSING OF INITIAL
PUBLIC OFFERING AND SALE OF SHARES TO FIRST UNION REAL ESTATE EQUITY AND
MORTGAGE INVESTMENTS
Boston,
Massachusetts-November 7, 2005-Newkirk Realty Trust, Inc. (NYSE:NKT) announced
today the closing of its initial public offering of 15,000,000 shares of common
stock at a price to the public of $16.00 per share. In addition, Newkirk sold 3,125,000 shares of
common stock to First Union Real Estate Equity and Mortgage Investments
(NYSE:FUR) at a purchase price of $16.00
per share in a private placement and issued an additional 1,250,000 shares
(625,000 of which are subject to forfeiture) to First Union in exchange for the
assignment by First Union of certain exclusivity rights relating to business
opportunities generated by or offered to Michael Ashner, the Chairman and Chief
Executive Officer of Newkirk Realty Trust, with respect to net lease assets.
About Newkirk Realty Trust
Newkirk Realty
Trust is a real estate investment trust that is the general partner of, and
owns a 30.1% controlling interest in, The Newkirk Master Limited
Partnership. The Newkirk Master Limited
Partnership is a publicly reporting limited partnership that owns a diversified
portfolio of triple-net leased properties and other real estate-related assets.

EX - 99 13 a05 - 20178 _ 1ex99 . htm EXHIBIT 99 Exhibit 99 NEWKIRK REALTY TRUST , INC . AT THE COMPANY Carolyn Tiffany Chief Operating Officer ( 617 ) 570 - 4680 NEWKIRK REALTY TRUST , INC . ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING AND SALE OF SHARES TO FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS Boston , Massachusetts - November 7 , 2005 - Newkirk Realty Trust , Inc . ( NYSE : NKT ) announced today the closing of its initial public offering of 15,000,000 shares of common stock at a price to the public of $ 16.00 per share . In addition , Newkirk sold 3,125,000 shares of common stock to First Union Real Estate Equity and Mortgage Investments ( NYSE : FUR ) at a purchase price of $ 16.00 per share in a private placement and issued an additional 1,250,000 shares ( 625,000 of which are subject to forfeiture ) to First Union in exchange for the assignment by First Union of certain exclusivity rights relating to business opportunities generated by or offered to Michael Ashner , the Chairman and Chief Executive Officer of Newkirk Realty Trust , with respect to net lease assets . About Newkirk Realty Trust Newkirk Realty Trust is a real estate investment trust that is the general partner of , and owns a 30 . 1 % controlling interest in , The Newkirk Master Limited Partnership . The Newkirk Master Limited Partnership is a publicly reporting limited partnership that owns a diversified portfolio of triple - net leased properties and other real estate - related assets .
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