Last week I interviewed Gramercy Property Trust's (GPT) CEO Gordon DuGan at The Street's headquarters in New York (you can check out the video here). I have known DuGan a number of years, and I became familiar with him when he was CEO of W.P. Carey (WPC).
I began following Gramercy about the same time (December 2012) that DuGan (and Gramercy's President Ben Harris) joined the company, and since that time, the New York-based REIT has undergone a strategic transformation to shed high leverage operations (high-risk commercial real estate lending) and begin to focus on Triple Net properties, arguably the safest real estate sector. As DuGan explained last year:
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