Gramercy Property Trust Appoints Allan J. Baum as Chairman of its Board of Directors

NEW YORK--()--Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust, announced today that Allan J. Baum, the Company’s Lead Independent Director since 2012, has been appointed as Chairman of the Company’s board of directors, effective immediately.

The Company also announced the appointment of William H. Lenehan to the Company’s board of directors. Mr. Lenehan’s tenure as a director nominated and elected by the Company’s preferred stockholders expired on January 15, 2014, upon the Company’s payment of all accrued and current preferred dividends.

About Gramercy Property Trust

Gramercy Property Trust Inc. is a fully-integrated, self-managed commercial real estate investment company focused on acquiring and managing income-producing industrial and office properties net leased to high quality tenants in major markets throughout the United States. The Company also operates an asset management business that manages for third-parties, including our joint venture partners, commercial real estate assets throughout the United States primarily leased to financial institutions and affiliated users.

To review the Company’s latest news releases and other corporate documents, please visit the Company's website at www.gptreit.com or contact Investor Relations at 212-297-1000.

(GPT-IN)

Contacts

Gramercy Property Trust Inc.
Jon W. Clark, 212-297-1000
Chief Financial Officer
-or-
Emily Pai, 212-297-1000
Investor Relations

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Contacts

Gramercy Property Trust Inc.
Jon W. Clark, 212-297-1000
Chief Financial Officer
-or-
Emily Pai, 212-297-1000
Investor Relations