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Gramercy JAS
Gramercy JAS
[Writer’s name]
[Professor’s name]
[Course title]
[Date]
Gramercy Capital Corporation was formed in April 2004; the company listed itself in
the NYSE on Jul 28, 2004 as a “national commercial real estate special finance company
organized as a real estate investment trust (REIT)”. (About Us. Gramercy Capital
IPO a total of 12.50 million shares were offered at $15.00 per share. It was sponsored by SL
Green Realty Corporation, which still owns about 20% of Gramercy Capital. Its underwriters
are Merrill Lynch, Pierce, Fenner & Smith Incorporated; Wachovia Capital Markets,
throughout the United States. Gramercy is headquartered at 420 Lexington Avenue, New
York, NY 10170. The company also has a regional investment office located in Los Angeles.
professionals. Roger Cozzi is the present CEO and the President of the company. He has
joined the firm in October this year. Before joining Gramercy he was Managing Director at
Fortress Investment Group, LLC. Between 1998 and 2007, he held progressively senior roles,
including CIO at iStar Financial Inc. Robert R. Foley is the current COO of the company. He
is one of the founders of gramercy. In July 2004, Bob was co-director of Goldman Sachs &
Co.'s real estate mezzanine and high-yield lending programs. John Roche is the existing CFO
of Gramercy Capital Corp. he possess an impressive REIT and real estate background. Before
[Writer's surname] 2
coming to Gramercy, he has served as Executive Vice President & Chief Financial Officer at
With offices in New York and Los Angeles staffed with experienced commercial real
lending portfolio. Furthermore, Gramercy expects to form strategic partnerships with best-in-
The company intends to originate structured real estate finance investments in areas
where it believes it may utilize its capital, market knowledge, extensive experience in
evaluating real estate risk, and familiarity in employing a wide range of financing structures,
to create tailored financial solutions to client problems that also fulfill Gramercy's mission of
Gramercy has the necessary experience, capitalization and above all the national reach
to provide one-stop financial solutions to its borrowers who are seeking to acquire properties,
refinance existing property investments, and/or fund property renovations in virtually all
major geographic markets and all property types, including office, retail, apartments,
The firm's portfolio of products includes bridge loans, mezzanine financing, interests
in whole loans, private equity investments, preferred equity and mortgage-backed securities.
The company also owns about 1,000 properties primarily leased to banks and other financial
institutions; Bank of America and Wachovia being its largest tenants and together account for
nearly half of all rental revenues. Gramercy is also looking to acquire Mortgage-Backed
presented here. The source of these information is the company website itself.
[Writer's surname] 3
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail,
• B Notes
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail,
• Mezzanine Loans
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail,
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail,
• Opportunistic Investments