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Stock Market & Financial Investment News

News Breaks
May 21, 2014
08:32 EDTGPTGramercy Property Trust acquires three properties for $39.6M
Gramercy Property Trust has acquired, in separate transactions, three properties totaling approximately 423,000 square feet for an aggregate purchase price of approximately $39.6M. Year 1 net operating income for the three properties totals approximately $2.8M and a weighted average lease term of approximately 11.5 years.
News For GPT From The Last 14 Days
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February 9, 2016
06:31 EDTGPTGramercy Property Trust closes disposition of McAuley Place and Landings
Gramercy Property Trust announced that it closed on the disposition of McAuley Place and Landings I & II located in Cincinnati, Ohio. The three-building portfolio was 95.7% occupied at the time of sale and was sold for a sale price of approximately $87M, or $161 per square foot. The exit cap rate was 9.0% on in-place cash NOI and net proceeds to the Company from the sale equaled approximately $37.1M after payment of transaction costs, prorations, net seller credits and loan prepayment costs.

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