- Gramercy Property Trust (GPT) puts more money to work, announcing the closing of 5 new property purchases for a total price of $20.8M. The properties were acquired separately in all-cash deals.
- The deals included two industrial properties for $12.9M at a 7.8% cap rate and three bank branch acquisitions for $7.1M at a 7.9% cap.
- Last week, Gramercy closed on a $100M credit line with Deutsche Bank at a floating rate of Libor plus a spread of 190-275 basis points.
From other sites
at Nasdaq.com (Mar 25, 2015)
at Nasdaq.com (Mar 23, 2015)
at Nasdaq.com (Mar 11, 2015)
at MarketWatch.com (Nov 19, 2013)
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