Gramercy Capital Corp. Reports First Quarter 2012 Financial Results
During the quarter ended March 31, 2012 the Company purchased approximately $550,000 of fixed rate CMBS at an aggregate effective yield of 6.3%. The CMBS purchases were made within the Company’s CDOs.
Summarized in the table below are key property portfolio statistics for Gramercy Realty’s owned portfolio as of March 31, 2012 and December 31, 2011:
|Number of Properties||Rentable Square Feet||Occupancy|
|Properties||March 31, 2012||December 31, 2011||March 31, 2012||December 31, 2011||March 31, 2012||December 31, 2011|
In addition to its owned portfolio, Gramercy Realty also manages over $2.0 billion of real estate assets that were transferred to affiliates of KBS pursuant to the Settlement Agreement executed in September 2011. The KBS Portfolio is comprised of 561 bank branches, 284 office buildings and one land parcel. As of March 31, 2012, the KBS Portfolio aggregated approximately 20.7 million rentable square feet.
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