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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, June 26, 12:14 AM
Slide #389. Gramercy Property Trust Inc. — Preferred Stock Offering
| Company: |
Gramercy Property Trust Inc. (GPT) |
| Date announced: |
8/12/2014 |
| Security type: |
7.125% Series B Cumulative Redeemable Preferred Stock (GPT.PRB) |
| Shares Offered: |
3,500,000 |
| Date of Pricing: |
8/12/2014 |
| Price Per Share: |
$25 |
| Preferred Stock Offering Details: |
Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust (the "Company"), announced today that it priced the public offering of 3,500,000 shares of its 7.125% Series B Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share (the "Series B Preferred Stock"), for gross proceeds of $87.5 million before deducting the underwriting discount and estimated offering expenses payable by the Company. |
Gramercy Property Trust is a real estate investment trust, focused on acquiring, and managing single-tenant, net leased industrial, office, and specialty properties. Co.'s operating partnership, GPT Operating Partnership LP, (the Operating Partnership), indirectly owns: all of Co.'s consolidated real estate investments; Co.'s interests in unconsolidated investments; and the entities, the entities that conduct Co.'s third-party asset management operations. Co. is the sole general partner and 100% owner of the Operating Partnership. As of Dec 31 2016, Co.'s wholly-owned portfolio consisted of 318 properties. Preferreds: GPT.PRA, GPT.PRB
 Open the GPT Page at Preferred Stock Channel »
Open the GPT.PRB Page at Preferred Stock Channel for More Information About this Preferred »
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