Gramercy Capital Corp. To Release Fourth Quarter 2012 Financial Results And Business Plan Update On March 19, 2013
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
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 fourth quarter 2012 on Tuesday, March 19, 2013, prior to market open. The Company's executive management team will host a conference call and audio webcast on Tuesday, March 19, 2013, at 2:00 PM EDT to discuss fourth quarter 2012 financial results and to provide a business plan update. 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 (888) 771-4371 - Domestic or (847) 585-4405 - International, using confirmation code “GRAMERCY.” A replay of the call will be available from March 19, 2013 at 4:30 PM EDT through March 22, 2013 at 11:59 PM EDT by dialing (888) 843-7419 - Domestic or (630) 652-3042 - International, using pass code 4726 3729#. Company Profile 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 116 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 property management business, operating under the name Gramercy Asset Management, currently manages approximately $1.7 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 and commercial mortgage-backed securities which are financed through three non-recourse Collateralized Debt Obligations, or CDOs. On January 30, 2013, the Company entered into a purchase and sale agreement to transfer the collateral management and sub-special servicing agreements for its three CDOs to CWCapital Investments LLC for approximately $9.9 million, less certain adjustments and closing costs. Subject to customary closing conditions, the transfer is expected to close in March 2013. Neither Gramercy Finance nor Gramercy Asset Management is a separate legal entity but are divisions through which our commercial real estate finance and property management businesses are conducted. The Company is headquartered in New York City and has regional offices in Jenkintown, Pennsylvania, and St. Louis, Missouri.