Gramercy Property Trust (NYSE:GPT) today reported financial results for the full year and the fourth quarter of 2016.
Fourth Quarter 2016 Highlights
Acquired 29 properties in twelve separate transactions for an aggregate purchase price of approximately $718.5 million (6.5% initial cash cap rate; 6.9% annualized straight-line cap rate) with a weighted average remaining lease of approximately 6.4 years at closing.Disposed of four single-tenant office buildings:
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