Gramercy Property Trust Announces Appointment Of Nicholas L. Pell As Chief Investment Officer

Gramercy Property Trust (NYSE:GPT) announced today the appointment of Nicholas L. Pell as Chief Investment Officer. Previously, Mr. Pell was a Managing Director with Gramercy. His appointment is effective immediately.

Mr. Pell brings over 9 years of experience of investing in real estate assets in markets across the United States and Canada. He joined Gramercy as part of the new management team recruited in 2012 and has led Gramercy's Investments team over that tenure. Since joining, his Investments team has closed more than 100 separate real estate transactions totaling approximately $3.0 billion and Mr. Pell has been instrumental in growing Gramercy into a market leader in the industrial net lease space. Before joining Gramercy in July 2012, Mr. Pell was a Director in the Investment Department at W. P. Carey. Prior to joining W. P. Carey, Mr. Pell was a Director of Business Development at Sony Pictures Entertainment and an analyst at J.P. Morgan & Co.

"This is a well-deserved promotion recognizing Nick's key role and his significant contribution to the success of Gramercy," said Gordon F. DuGan, Chief Executive Officer.

Mr. Pell holds a B.A. in Economics from Duke University and an M.B.A. from Harvard Business School.

About Gramercy Property Trust

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing single-tenant, net-leased industrial and office properties. The Company focuses on income producing properties leased to high quality tenants in major markets in the United States and Europe.

To review the Company's latest news releases and other corporate documents, please visit the Company's website at www.gptreit.com or contact Investor Relations at 888-686-0112.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161102005385/en/

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