Gramercy Property Trust Inc.
| Traded as | NYSE: GPT Russell 2000 Component |
|---|---|
| ISIN | 🆔 |
| Industry | Real estate investment trust |
| Founded 📆 | March 2004 |
| Founder 👔 | |
| Headquarters 🏙️ | New York City |
Area served 🗺️ | |
Key people | Charles E. Black, Chairman Gordon F. DuGan, CEO |
| Revenue🤑 |  $0.545 billion (2017) |
| $0.086 billion (2017) | |
| Total assets | $6.456 billion (2017) |
| Total equity | $3.138 billion (2017) |
| Members | |
Number of employees | 109 (2017) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
| Footnotes / references [1] | |
Gramercy Property Trust Inc. is a real estate investment trust that primarily invests in industrial properties.
In 2018, the company agreed to be acquired by The Blackstone Group.
History[edit]
The company was formed in March 2004 as Gramercy Capital Corp., a mortgage REIT.[1]
In July 2007, the company originated a $1.1 billion collateralized debt obligation.[2]
In 2008, the company acquired American Financial Realty Trust for $3.3 billion.[3][4] The company then sold 100 North Main Street for $36 million.[5]
In January 2013, the company began the liquidation of its collateralized debt obligation portfolio.[6]
In April 2013, the company changed its name to Gramercy Property Trust Inc.[7]
In June 2013, the company acquired a truck terminal in Elkridge, Maryland.[8]
In 2015, the company acquired 2.7 million-square-foot office and industrial portfolio for $398.6 million,[9] 5415 Centerpoint Parkway for $24.1 million[10] and a property leased to BAE Systems for $46.8 million.[11] The company also acquired Chambers Street Properties.[12]
In 2016, the company acquired the Specialty Bakery building in Indianapolis for $37 million[13] and a 17-property warehouse portfolio for $521 million.[14][15]
In 2017, the company acquired a property in North Carolina for $9.2 million,[16] a television studio for $18 million,[17] and the Opa Locka Hialeah Flea Market for $80 million.[18]
In February 2018, the company acquired a 1 million square foot warehouse at Cecil Commerce Center leased to Amazon.com for $95 million.[19]
In 2018, the company agreed to be acquired by The Blackstone Group.[20]
References[edit]
- ↑ 1.0 1.1 "Gramercy Property Trust Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ↑ "Gramercy Capital Corp. Prices $1.1 Billion Commercial Real Estate CDO" (Press release). Business Wire. July 30, 2007.
- ↑ "Gramercy Capital Corp. Completes $3.3 Billion Acquisition of American Financial Realty Trust" (Press release). Business Wire. April 1, 2008.
- ↑ "Gramercy completes $3B deal for American Financial Realty". American City Business Journals. April 1, 2008.
- ↑ Gutierrez, Bertrand M. (November 10, 2008). "N.Y. investors pay $36M for tallest building in W-S". American City Business Journals.
- ↑ "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" (Press release). Business Wire. January 31, 2013.
- ↑ "Gramercy Capital Corp. Changes Name to Gramercy Property Trust Inc" (Press release). Business Wire. April 15, 2013.
- ↑ Litten, Kevin (June 28, 2013). "Gramercy Property Trust buys Elkridge truck terminal". American City Business Journals.
- ↑ Meyers, Bryce (March 13, 2015). "Gramercy Closes on 2.7 Million-SF Office/Industrial Portfolio for $399 Million". CoStar Group.
- ↑ Ball, Brian (April 14, 2015). "Obetz building sold for $24M to New York REIT". American City Business Journals.
- ↑ Sumner, Justin (July 28, 2015). "Gramercy Property Trust Pays $46.8M for BAE Facility in Fridley". CoStar Group.
- ↑ "Gramercy Property Trust and Chambers Street Properties Announce Closing of Merger" (Press release). Business Wire. December 17, 2015.
- ↑ Cooper, Michael (March 2, 2016). "Gramercy Property Trust Pays $37M for Specialty Bakery Bldg". CoStar Group.
- ↑ "Gramercy Property Trust Announces Acquisition of $521 Million Core Logistics Portfolio" (Press release). Business Wire. December 16, 2016.
- ↑ Heschmeyer, Mark (December 16, 2016). "Gramercy Property Trust Acquires $521 Million Core Logistics Portfolio". CoStar Group.
- ↑ Hoyle, Amanda (April 5, 2017). "Gramercy Property Trust buys PBM Graphics building for $9.2M". American City Business Journals.
- ↑ Bandell, Brian (July 3, 2017). "TV studio facility in Miami-Dade sells for $18M". American City Business Journals.
- ↑ Bandell, Brian (July 21, 2017). "Public company pays $80M for Opa Locka Hialeah Flea Market". American City Business Journals.
- ↑ "Westside Amazon facility sells for $95.45M to Gramercy Property Trust". American City Business Journals. February 2, 2018.
- ↑ "Gramercy Property Trust Enters into Definitive Agreement to be Acquired by Blackstone for $27.50 per Share in a $7.6 billion Transaction" (Press release). Business Wire. May 7, 2018.
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