Last $6.40 USD
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As of 4:15 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

gramercy property trust inc (GPT) Snapshot

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09/2/14 - $6.44
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gramercy property trust inc (GPT) Details

Gramercy Property Trust Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial and office properties to create its portfolio. The firm was formerly known as Gramercy Capital Corp. Gramercy Property Trust Inc was founded in 2004 and is based in New York City with additional offices in St. Louis, Missouri and Jenkintown, Pennsylvania.

83 Employees
Last Reported Date: 03/17/14
Founded in 2004

gramercy property trust inc (GPT) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $950.0K
Total Annual Compensation: $1.1M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $600.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $580.0K
Compensation as of Fiscal Year 2013.

gramercy property trust inc (GPT) Key Developments

Gramercy Property Trust Announces Acquisition of $17.3 Million Industrial Properties in Miami, Florida

Gramercy Property Trust Inc. announced that it closed the acquisition of three auto salvage sites totaling approximately 30 acres in Medley, Florida (Miami MSA). The properties are 100% leased through July 2022 to a subsidiary of a large publicly-traded global provider of replacement auto and truck parts. The facility was acquired all-cash for a purchase price of approximately $17.3 million ($580,000 per acre).

Gramercy Property Trust Inc. Closes Acquisition of an Approximately 187,000 Square Foot Cold Storage Facility and Dry Warehouse Located in Arlington Heights, Illinois (Chicago MSA)

Gramercy Property Trust Inc. announced that it closed the acquisition of an approximately 187,000 square foot cold storage facility and dry warehouse located in Arlington Heights, Illinois (Chicago MSA). The two attached buildings are 100% leased through May 2019 to a specialty food importer and distributor, with a lease guaranty from the tenant's parent company, a global leader in broadline food distribution. The facility was acquired all-cash for a purchase price of approximately $19.1 million.

Gramercy Property Trust Announces Redemption of Outstanding 8.125% Series A Preferred Stock

Gramercy Property Trust Inc. announced that it intends to redeem all 3,525,822 outstanding shares of its 8.125% series A cumulative redeemable preferred stock (CUSIP No: 38489R209) from the registered holder of the stock, on 12 September 2014. Further, the series A preferred stock will be redeemed at USD 25.32161 per share that is the sum of the USD 25.00 per share redemption price and a quarterly dividend of USD 0.32161 prorated to the redemption date, the company said adding that as of the redemption date, dividends on the stock will cease to accrue. Stockholders holding shares through the Depository Trust Company can have them redeemed as per its procedures. Also, the company will have set apart the funds necessary for the redemption, in trust for the benefit of the holders on or before the redemption date and subject to applicable es-cheat laws, any money set apart by it and unclaimed at the end of two years from the redemption date, will revert to the company's general funds. Thereafter the holders of the stock will be paid the redemption price only from the general funds. Further, once the company deposits the redemption price in trust for the account of the shareholders and after the redemption date, the series A preferred stock will no longer be deemed to be outstanding and all rights regarding such stock will cease and terminate (including, but not limited to, the right to receive dividends) except the right to receive the redemption amount payable without interest.


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