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Gramercy Property Trust Reports 2016 Full Year and Fourth Quarter Financial Results

Gramercy Property Trust (NYSE:GPT) today reported financial results for the full year and the fourth quarter of 2016.

Operating Results:

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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