Gramercy Capital Corp. To Release Second Quarter 2012 Financial Results On August 9, 2012

Gramercy Capital Corp. (NYSE: GKK), a self-managed integrated commercial real estate investment and asset management company organized as a real estate investment trust, announced today that it will release earnings for the second quarter 2012 on Thursday, August 9, 2012, prior to market open.

The Company's executive management team will host a conference call and audio webcast on Thursday, August 9, 2012, at 2:00 PM EDT to discuss second quarter 2012 financial results.

The live call will be webcast in listen-only mode on Gramercy’s website at www.gkk.com and on Thomson’s StreetEvents Network. The presentation may also be accessed by dialing [phone] - Domestic or [phone] - International, using confirmation code “GRAMERCY”.

A replay of the call will be available from August 9, 2012 at 4:30 PM EDT through August 12, 2012 at 11:59 PM EDT by dialing [phone] - Domestic or [phone] - International, using pass code 3299 3983#.

Company Profile

Gramercy Capital Corp. is a self-managed integrated commercial real estate investment and asset management company whose Gramercy Finance division manages approximately $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, collateralized debt obligations, or CDOs, and whose Gramercy Realty division currently manages approximately $2.0 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 investment and portfolio management offices in Jenkintown, Pennsylvania, Charlotte, North Carolina, 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 the implementation of the new business strategy, the integration of the new management team, the results of the operational review and 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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