newsfilter
← Latest News
Business Wire·

Gramercy Property Trust Announces Three Office Dispositions Totaling $106.3 Million

NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust (NYSE:GPT), a real estate investment trust, announced today that it closed on the sale of three single-tenant office buildings in San Diego, California, Lake Mary, Florida and Las Colinas, Texas for aggregate gross proceeds of $106.3 million. The weighted average remaining lease term for the three sold properties was 7.5 years at closing and the blended exit cap rate was 7.3% on next twelve months NOI as of September 30, 2016.