Gramercy Capital Corp

Gramercy Capital Corp. (NYSE: GKK) is a self-managed, integrated commercial real estate investment and asset management company.  The Company currently manages approximately $1.8 billion of commercial properties and $2.0 billion of whole loans, bridge loans, subordinate interests in whole loans, mezzanine loans, preferred equity, commercial mortgage-backed securities and other real estate securities which are financed through three non-recourse CDOs.  In July 2012, Gramercy's board of directors recruited a new management team lead by Gordon DuGan, former President/CEO of WP Carey, to establish Gramercy as a net lease equity REIT.  Going forward, Gramercy will focus on assembling and managing a portfolio of industrial and office assets leased to high quality companies on long term net leases.