Gramercy Capital (GKK) confirms its name change to Gramercy Property Trust (with new symbol...

|About: Gramercy Property Trust,... (GPT)|By:, SA News Editor

Gramercy Capital (GKK) confirms its name change to Gramercy Property Trust (with new symbol GPT), expected to be effective on April 15. It's another step in the (relatively new) management team's efforts to transform the company into a pure triple-net lease player and its investor base from value players to income fans. Next steps: Raise capital, put it to work, initiate a dividend. (PR)