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Stock Market & Financial Investment News

News Breaks
June 3, 2014
08:35 EDTGPTGramercy Property Trust announces acquisition of $9.5M industrial facility
Gramercy Property Trust closed the acquisition of an approximately 176,000-square-foot production and warehouse bottling facility located in Tampa, Florida. The building is 100% leased through January 2020 to a leading beverage producer. Year 1 net operating income is approximately $748,000 with annual rent escalations throughout the lease term. The facility was acquired all-cash for a purchase price of approximately $9.5M.
News For GPT From The Last 14 Days
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May 13, 2015
08:30 EDTGPTGramercy Property Trust says Moody's assigns company investment grade rating
Gramercy Property Trust announced that Moody’s Investors Service has assigned the company’s operating partnership, GPT Property Trust LP, a Baa3 issuer rating with a stable outlook. Benjamin P. Harris, Gramercy’s President, stated, “Receiving an investment grade credit rating from Moody’s represents another significant milestone in Gramercy’s evolution as a best-in-class net-lease REIT. We believe the rating affirms the quality of the portfolio we have assembled over the last three years and will afford the Company additional financial flexibility as we continue to grow our business.”

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