Dec. 20, 2011
/PRNewswire/ -- On
December 19, 2011
, Fitch Ratings upgraded the commercial mortgage-backed securities ("CMBS") special servicer rating of Capital Trust's wholly-owned investment management subsidiary, CT Investment Management Co., LLC ("CTIMCO"), to 'CSS3+' from 'CSS3.' CTIMCO is the named special servicer on 25 CMBS loans with an unpaid principal balance of
including related subordinate debt). CTIMCO actively special services 15 CMBS loans totaling
including related subordinate debt).
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to future financial results and business prospects. The forward-looking statements contained in this news release are subject to certain risks and uncertainties including, but not limited to, the continued credit performance and recovery from the Company's retained balance sheet and transferred legacy assets, the success of the Company's efforts to raise additional capital and re-commence balance sheet investment activity, its asset/liability mix, the effectiveness of the Company's hedging strategy and the rate of repayment of the Company's portfolio assets and the impact of these events, conditions and uncertainties on the Company's cash flow, as well as other risks indicated from time to time in the Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.
About Capital Trust
Capital Trust, Inc. is a real estate finance and investment management company that specializes in credit sensitive structured financial products. To date, the Company's investment programs have focused primarily on loans and securities backed by commercial real estate assets, and the Company has executed its business both as a balance sheet investor and as an investment manager. Capital Trust is a real estate investment trust traded on the New York Stock Exchange under the symbol "CT." The Company is headquartered in
New York City