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.

Comments (3)
  • Chris DeMuth Jr.
    , contributor
    Comments (11721) | 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
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
    very nice news........nothing wrong w/ a holiday bonus!
    20 Dec 2013, 09:31 AM Reply Like
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