Gramercy Portfolio

525 North Tryon Street, Charlotte, NC 28202

Property Overview

The Gramercy Portfolio represents a senior mezzanine loan in the amount of $500,000,000. The loan was used to fund a portion of Gramercy Capital Corporation’s (“Gramercy”) acquisition of American Financial Realty Trust (“AFR”) which closed on April 1, 2008.

AFR and its affiliates owned approximately 916 office and bank branch properties located in 37 states and Washington, DC and partial ownership interests in 125 bank branch properties occupied primarily by Citizens Bank.

Investment at a Glance

Location: 37 States

Property Type: Mixed-use

Investment Type: Senior Mezzanine Loan

Acquisition Date: August 22, 2008

Loan Par Value: $500,000,000

Loan Term: 19 months w/ 1 year Extension Option

No. of Properties: 1,041

Square Footage: 25,600,000 SF

$500,000,000 Total Loan Amount
25,600,000 square feet Total Rentable Area
Class A Building Class