NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust (NYSE:GPT), a real estate investment trust, announced today that Fitch Ratings has assigned the Company and the Company’s operating partnership, GPT Operating Partnership LP, BBB issuer default ratings with a stable outlook.
Benjamin P. Harris, President of Gramercy Property Trust, stated, “We believe the rating speaks to our high quality real estate portfolio and will afford the Company additional financial flexibility as we continue to scale and operate our business.”
About Gramercy Property Trust
Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing single-tenant, net-leased industrial and office properties. The Company focuses on income producing properties leased to high quality tenants in major markets in the United States and Europe.
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 888-686-0112.