Seeking Alpha

Gramercy extends management agreement; gets $12M bonus

  • Gramercy Property Trust (GPT) extends its asset management services agreement with KBS Real Estate Investment Trust through the end of 2016, with KBS having the option to go one more year.
  • Along with the new agreement, KBS pays $12M to Gramercy to satisfy a profit-sharing agreement.
  • Press release
Comments (3)
  • Chris DeMuth Jr.
    , contributor
    Comments (5409) | Send Message
     
    Good news.
    20 Dec 2013, 08:58 AM Reply Like
  • reciprical
    , contributor
    Comment (1) | Send Message
     
    Good to hear
    20 Dec 2013, 09:25 AM Reply Like
  • TFCAB
    , contributor
    Comments (2008) | Send Message
     
    very nice news........nothing wrong w/ a holiday bonus!
    20 Dec 2013, 09:31 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs