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Gramercy Property Trust Announces 1-for-3 Reverse Share Split

NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust (NYSE:GPT), a real estate investment trust, announced today that its Board of Trustees has approved a reverse share split of the Company’s common shares and its outstanding units of GPT Operating Partnership LP at a ratio of 1-for-3. The reverse share split is expected to take effect at approximately 5:00 p.m. EST on December 30, 2016 (the “Effective Time”).