CommonWealth REIT Agrees to Sell 13 Suburban Properties for $167 Million

NEWTON, Mass.--(BUSINESS WIRE)--CommonWealth REIT (NYSE: CWH) today announced that it has agreed to sell 13 suburban properties for $167 million. These sales are expected to be completed before year end 2011, and CWH expects to use the net sale proceeds received for general business purposes, including repaying debt and new acquisitions. Upon completion of these sales, CWH expects to record a net capital gain of approximately $11 million.