Gramercy Capital Corp. Announces An Agreement To Sell Its Collateral Management Agreements For Its Collateralized Debt Obligations (“CDOs”) To CWCapital And Retain The Equity In Its CDOs
About Gramercy Capital Corp.
Gramercy Capital Corp. is a self-managed, integrated commercial real estate investment and asset management company. The Company owns, directly or in joint venture, a portfolio of 115 office and industrial buildings totaling approximately 4.9 million square feet, net leased on a long-term basis to tenants, including Bank of America, Nestlé Waters, Philips Electronics and others. The Company’s Gramercy Realty division currently manages approximately $1.2 billion of commercial properties leased primarily to regulated financial institutions and affiliated users throughout the United States. The Gramercy Finance division manages approximately $1.7 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 CDOs. 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.
About CWCapital Investments LLCCWCapital and its affiliate CWCapital Asset Management are wholly owned subsidiaries of CW Financial Services LLC. CWCapital manages or acts as disposition consultant on 23 CRE-CDO transactions and is based in Bethesda, Maryland. Also based in Bethesda is CWCapital Asset Management the special servicing platform. CWCapital Asset Management is one of the largest special servicers in the Unites States. CWCapital Asset Management is the named special servicer on 155 CMBS transactions backed by an approximate $140 billion of commercial mortgage loans as well as $5 billion in non-securitized loans for institutional clients (totaling approximately 12,600 loans). In recognition of its demonstrated skill and performance, the platform has been awarded the rating of CSS1- by Fitch Ratings, as well as the highest ranking of Strong by Standard & Poor’s.
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