GKK » Topics » Summary

This excerpt taken from the GKK 8-K filed Nov 8, 2007.



                Schorsch owns 1,326,842.07 Partnership Units (the “Schorsch Units”) and Meadowcourt owns 37,086.00 Partnership Units (the “Meadowcourt Units” and collectively with the Schorsch Units, the “Subject Units”).  Purchaser desires to purchase from Sellers, and Sellers desire to sell to Purchaser in return for the Consideration, the Subject Units.


                In consideration of the respective covenants contained herein and subject to the terms and conditions hereof, including the attached terms and conditions, which are integrated into and made a part of this Agreement, intending to be legally bound hereby, the parties agree as follows:


This excerpt taken from the GKK 8-K filed Jan 20, 2005.



NEW YORK, N.Y. – January 19, 2005 – Gramercy Capital Corp. (NYSE: GKK) today reported net income available to common shareholders of $2.0 million, or $0.15 per share, for the quarter and year-ended December 31, 2004.  The Company completed 10



separate investments totaling $284.0 million, before the effect of fees and discounts, generated investment income of $5.6 million, and net income available to common shareholders of $2.0 million during the fourth quarter. At December 31, 2004, total assets were $514.0 million, total liabilities were $245.1 million, and stockholders’ equity was $268.9 million.


Commenting on the Company’s performance and outlook for 2005, Marc Holliday, President and Chief Executive Officer of Gramercy Capital Corp., said, “Gramercy is building a substantial presence in the commercial real estate specialty finance sector. The pace of management’s investment, more than $400 million as of year-end, has exceeded our expectations. The Company’s disciplined pursuit of high risk-adjusted returns from first mortgage and B note investments is producing the mix of assets and earnings sought by shareholders and the management team. We expect 2005 will bring with it continued growth, a broader product and geographic mix, and a deeper bench of real estate professionals at Gramercy.”



Nov 8, 2007
Jan 20, 2005
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