All Releases
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Gramercy Capital Corp. Settles Wachovia Bank, National Association Secured Credit Facility and Term Loan
Dec 7, 2009
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New York, NY – December 7, 2009 - Gramercy Capital Corp. (NYSE: GKK) announced today
that it has entered into a termination agreement with Wachovia Bank, National Association, or
Wachovia, as administrative agent, to settle and satisfy in full a pre-existing loan obligation of
approximately $44.5 million under its secured term loan,...
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Gramercy Capital Corp. Reports Third Quarter 2009 Financial Results
Nov 5, 2009
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Third Quarter Highlights
For the quarter, generated funds from operations ("FFO") of negative $178.2 million, as compared to positive FFO of $30.6 million in the same quarter of the previous year. On a fully diluted per common share basis, FFO was negative $3.57 and positive $0.60 for the third quarter of 2009 and ...
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Gramercy Capital Corp. to Release Third Quarter 2009 Financial Results on November 5, 2009
Oct 30, 2009
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New York, NY - October 30, 2009 - Gramercy Capital Corp. (NYSE: GKK), a self-managed integrated commercial real estate finance and property investment company organized as a real estate investment trust, announced today that it will release earnings for the third quarter 2009 on Thursday, November 5, 2009, prior to market open.
The Compa...
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Gramercy Capital Corp. Settles Exchange Of $97.5 Million Of Its $150.0 Million Junior Subordinated Notes
Oct 16, 2009
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New York, NY - October 16, 2009 - Gramercy Capital Corp. (NYSE: GKK) today announced that it has settled an exchange of $97.5 million of junior subordinated notes due June 30, 2035 issued by its operating partnership subsidiary for an equivalent par value amount of various classes of bonds previously purchased in the open market iss...
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Gramercy Capital Corp. Reports Second Quarter 2009 Results
Aug 6, 2009
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Second Quarter Highlights
For the quarter, generated funds from operations ("FFO") of a negative $168.9 million, as compared to a positive FFO of $32.9 million in the same quarter of the previous year. On a fully diluted per common share basis, FFO was a negative $3.39 and a positive $0.64 for the second quarter of...
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Gramercy Capital Corp. To Release Second Quarter 2009 Financial Results on August 6, 2009
Aug 3, 2009
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New York, NY - August 3, 2009 - Gramercy Capital Corp. (NYSE: GKK), a self-managed integrated commercial real estate finance and property investment company organized as a real estate investment trust, announced today that it will release earnings for the second quarter 2009 on Thursday, August 6, 2009.
The Company's executive managemen...
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Gramercy Capital Corp. Announces New Director
Jun 19, 2009
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NEW YORK, NY - June 19, 2009 - Gramercy Capital Corp. (NYSE: GKK) today announced that at the Company's annual meeting of stockholders held on June 18, 2009, Allan J. Baum and Roger M. Cozzi were elected as Class II directors of the Company to serve until the Company's 2012 annual meeting of stockholders. Mr. Baum was re-elected as a Clas...
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Gramercy Capital Corp. Reports First Quarter 2009 Results
May 11, 2009
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First Quarter Highlights
For the quarter, generated funds from operations ("FFO") of $1.2 million, a decrease of $22.8 million from the $24.0 million of FFO generated in the same quarter of the previous year. On a diluted per common share basis, FFO was $0.02 and $0.69 for the first quarter of 2009 and 2008, res...
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Gramercy Capital Corp. To Release First Quarter 2009 Financial Results on May 11, 2009
May 8, 2009
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New York, NY - May 8, 2009 - Gramercy Capital Corp. (NYSE: GKK), an integrated commercial real estate finance and property investment company organized as a real estate investment trust, announced today that it will release earnings for the first quarter 2009 on Monday, May 11, 2009.
The Company's executive management team will h...
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Jon W. Clark Appointed Chief Financial Officer and Treasurer of Gramercy Capital Corp.
Apr 27, 2009
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New York, NY - April 27, 2009 - Gramercy Capital Corp. (NYSE:GKK) today announced the appointment of Jon W. Clark as Chief Financial Officer and Treasurer. Mr. Clark succeeds John B. Roche, whose previously announced resignation was effective April 24, 2009. Mr. Clark will remain as Chief Accounting Officer, a role he has held since March...
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Gramercy Capital Corp. Completes Manager Internalization
Apr 27, 2009
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New York, NY - April 27, 2009 - Gramercy Capital Corp. (NYSE: GKK) today announced the completion of the internalization of Gramercy's management. The internalization was completed through the direct acquisition by Gramercy of its external manager, GKK Manager LLC, which was previously a wholly owned subsidiary of SL Green Realty Corp. (NYSE:SLG...
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Gramercy Capital Corp. Amends $216 Million Secured Credit Facility and $200 Million Master Repurchase Facility
Apr 8, 2009
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New York, NY - April 8, 2009 - Gramercy Capital Corp. (NYSE: GKK) today announced that it has amended its secured credit facility with Wachovia Bank, National Association ("Wachovia"). Under the amendment:
The financial covenants in the credit agreement have been eliminated.
Mark-to-market and related mar...
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Gramercy Capital Corp. Settles $175 Million Unsecured Credit Facility and Satisfies $9.5 Million Master Repurchase Facility
Apr 2, 2009
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New York, NY April 2, 2009 - Gramercy Capital Corp. (NYSE: GKK) today announced that it has entered into an Amendment and Compromise Agreement with KeyBank National Association, as administrative agent for a group of lenders, to settle and satisfy at a discount pre-existing loan obligations of approximately $174.6 million. Gramercy made a c...
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Gramercy Capital Corp. Reports 2008 Results; Fourth Quarter FFO of $0.69 per Common Share and Full Year FFO of $2.61 per Share
Mar 12, 2009
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Fourth Quarter Highlights
For the quarter, generated funds from operations ("FFO") of $35.9 million, an increase of $11.9 million, or 49%, from the $24.0 million generated in the same quarter of the previous year. On a fully diluted per common share basis, FFO was $0.69 for both the fourth quarter of 2008 and 20...
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Gramercy Capital Corp. To Release Fourth Quarter & Full Year 2008 Financial Results
Mar 11, 2009
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New York, NY - March 11, 2009 - Gramercy Capital Corp. (NYSE: GKK), an integrated commercial real estate finance and property investment company organized as a real estate investment trust, announced today that the Company will host a conference call and audio web cast at 2:00 pm EDST on Thursday, March 12, 2009, to discuss fourth quarter and fu...
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Gramercy Capital Corp. Restructures $150 Million of Trust Preferred Securities
Feb 5, 2009
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New York, NY - February 5, 2009 - Gramercy Capital Corp. (NYSE: GKK) today announced that it has exchanged $150 million of its trust preferred securities (the "GKK TRUPS") for $150 million of newly issued unsecured junior subordinated notes of its operating partnership subsidiary. The new notes bear a fixed interest rate of 0.5% per annum...
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Gramercy Capital Corp. Announces Management Change
Jan 9, 2009
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New York, NY, January 9, 2009 - Gramercy Capital Corp. (NYSE: GKK) today announced John B. Roche will leave the Company to pursue other interests. He will step down from his post as Gramercy's Chief Financial Officer after the Company files its Annual Report on Form 10-K for the year ended December 31, 2008, but no later than April 15, 2009....
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Gramercy Capital Corp. Elects to Retain Capital
Dec 31, 2008
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NEW YORK, N.Y. - December 31, 2008 - Gramercy Capital Corp. (NYSE: GKK) (the "Company") announced today that its Board of Directors (the "Board") has elected not to pay a common stock or preferred stock dividend for the fourth quarter of 2008. The Company decided to retain capital for working capital purposes.
For the first two quarters ...
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SL Green/Gramercy Venture Announces $230 Million Sale of New Jersey Office Property Ownership Interest
Dec 8, 2008
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New York, NY - December 8, 2008 - SL Green Realty Corp. (NYSE: SLG) and Gramercy Capital Corp. (NYSE: GKK) today announced an agreement to sell their interests in a three-building, 670,000-square-foot property at 55 Corporate Drive in Bridgewater, N.J. The $230 million transaction, approximately $343 psf, negotiated by Inland Real Estate ...
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Timothy J. O'Connor Named President of Gramercy Capital Corp.
Nov 13, 2008
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New York, NY, November 13, 2008 - Gramercy Capital Corp. (NYSE:GKK) today announced the appointment of Timothy J. O'Connor as President. A veteran of the commercial real estate industry, he served most recently as Chief Operating Officer of iStar Financial Inc.
The appointment follows the Company's recent modification of its management a...
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