Gramercy Capital Corp. to Change Name to Gramercy Property Trust Inc.
April 08 2013 - 5:00PM
Business Wire
Gramercy Capital Corp. (NYSE: GKK), a self-managed
integrated commercial real estate investment and asset management
company organized as a real estate investment trust, will change
its name to Gramercy Property Trust Inc. and ticker symbol on the
New York Stock Exchange to GPT. Both the name change and the ticker
symbol are expected to be effective as of April 15, 2013.
“The name change affirms the Company’s transformation to a pure
play equity REIT investing in net lease office and industrial
properties,” said Chief Executive Officer, Gordon F. DuGan.
Company Profile
Gramercy Capital Corp. is a self-managed, integrated commercial
real estate investment and asset management company. The Company
owns, directly or in joint ventures, 114 buildings totaling
approximately 4.3 million square feet of office and 1.5 million
square feet of industrial, net leased on a long-term basis to
tenants, including Bank of America, Nestlé Waters, Philips
Electronics and others. The Company’s property management business,
operating under the name Gramercy Asset Management, currently
manages for third-parties, approximately $1.7 billion of commercial
properties leased primarily to regulated financial institutions and
affiliated users throughout the United States. The Company is
headquartered in New York City and has regional offices in
Jenkintown, Pennsylvania, and St. Louis, Missouri.
To review the Company’s latest news releases and other corporate
documents, please visit the Company's website at www.gkk.com or
contact Investor Relations at 212-297-1000.
(GKK-EN)
Forward-looking Information
This press release contains forward-looking information based
upon the Company's current best judgment and expectations. Actual
results could vary from those presented herein. The risks and
uncertainties associated with forward-looking information in this
release include, but are not limited to, factors that are beyond
the Company's control, including those factors listed in the
Company's Annual Report on Form 10-K and in the Company's Quarterly
Reports on Form 10-Q. The Company undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. For further
information, please refer to the Company's filings with the
SEC.
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