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Gramercy Capital Corp. Announces Formation Of Joint Venture With Garrison Investment Group To Purchase A Portfolio Of Office Buildings Primarily Leased To Bank Of America, N.A.

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.

ABOUT GARRISON

Garrison Investment Group is a leading middle market credit and asset based investor. Garrison's investment strategy focuses on unique middle market transactions across real estate, corporate credit, commercial & industrial and consumer loans. The firm is based in New York, has 63 employees (37 investment professionals) and manages in excess of $3 billion in assets under management.

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 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.

GKK-EN

Copyright Business Wire 2010
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