Gramercy Cap Prices Stock Offering

Gramercy Capital Corp., a New York-based investor in commercial mortgage-related loans and securities, has priced a public offering of approximately 3.62 million shares of common stock, which brought gross proceeds of approximately $95 million.The company also reported that it is selling approximately 1.2 million shares to its affiliate SL Green Realty Corp. for about $31.7 million. Deutsche Bank Securities Inc. was the sole book-running manager for the public offering, and was granted an option to buy up to 542,812 additional shares to cover any overallotments. Gramercy Capital can be found online at http://www.gramercycapitalcorp.com.