Gramercy Capital Corp. Reports Second Quarter 2012 Financial Results
At June 30, 2012, Gramercy Finance had one whole loan with a carrying value of $51.4 million classified as non-performing. At June 30, 2012, the Company had three whole loans with an aggregate carrying value of $38.8 million, one subordinate interest in whole loan with an aggregate carrying value of $4.0 million, three mezzanine loans with a carrying value of $26.7 million and two preferred equity investments with an aggregate carrying value of $0.3 million classified as sub-performing.
Gramercy Finance made no acquisitions during the second quarter of 2012.
Summarized in the table below are key property portfolio statistics for Gramercy Realty’s owned portfolio as of June 30, 2012 and December 31, 2011:
|Number of Properties||Rentable Square Feet||Occupancy|
|Properties||June 30, 2012||December 31, 2011||June 30, 2012||December 31, 2011||June 30, 2012||December 31, 2011|
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