American Financial Realty Trust
| Public company | |
| Traded as | : GPT |
| Industry | Real estate investment trust |
| Founded | March 2004 |
| Headquarters | New York, New York |
|
Key people
|
Charles E. Black, Chairman Gordon F. DuGan, CEO |
| Revenue |  US$0.517 billion (2016) |
| US$0.033 billion (2016) |
|
| Total assets |  US$5.603 billion (2016) |
| Total equity | US$2.752 billion (2016) |
|
Number of employees
|
96 (2016) |
| Website | www |
Gramercy Property Trust Inc. is a publicly traded real estate investment trust. As of December 31, 2016, the company owned 56.2 million aggregate rentable square feet, of which 68% was industrial properties and the remainder was office building and retail properties.
The company was formed in March 2004 as Gramercy Capital Corp., a mortgage REIT.
In July 2007, the company originated a $1.1 billion collateralized debt obligation.
In 2008, the company acquired American Financial Realty Trust for $3.3 billion. The company then sold 100 North Main Street for $36 million.
In January 2013, the company began the liquidation of its collateralized debt obligation portfolio.
In April 2013, the company changed its name to Gramercy Property Trust Inc.
In June 2013, the company acquired a truck terminal in Elkridge, Maryland.
In 2015, the company acquired 2.7 million-square-foot office and industrial portfolio for $398.6 million, 5415 Centerpoint Parkway for $24.1 million and a property leased to BAE Systems for $46.8 million. The company also acquired Chambers Street Properties.
In 2016, the company acquired the Specialty Bakery building in Indianapolis for $37 million and a 17-property warehouse portfolio for $521 million.
In 2017, the company acquired a property in North Carolina for $9.2 million, a television studio for $18 million, and the Opa Locka Hialeah Flea Market for $80 million.
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Wikipedia