About Us
Gramercy Capital Corp. (NYSE: GKK) is a national commercial real estate special finance company organized as a real estate investment trust (REIT). Sponsored by SL Green Realty Corp. (NYSE: SLG), Gramercy was formed in April 2004 to provide customized commercial real estate finance products to sophisticated property investors in markets throughout the United States. Gramercy is headquartered in New York City and has a regional investment office in Los Angeles.Gramercy's senior management team, which has more than 40 years of experience in commercial real estate finance, is committed to providing best-of-class service at every point in the value chain: origination; underwriting; negotiation; transaction execution; and loan servicing.
Gramercy originates and acquires a range of loan products intended to assist its clients in achieving their financing and liquidity needs quickly and cost-effectively, with professional execution and a continuing commitment to quality client service.
Gramercy's clients include public and private property owners, financial institutions, mortgage brokers, and other intermediaries.
For more detailed information regarding Gramercy's product offerings, real estate professionals, Company history, investor relations information, career information, or to contact a Gramercy real estate professional, please explore this website.
Management
Marc HollidayChief Executive Officer
President
Director
Mr. Holliday serves as President & CEO and Director of Gramercy Capital Corp. Mr. Holliday also serves as the Chief Executive Officer of SL Green Realty Corp. He joined the SL Green in 1998 as Chief Investment Officer and has served as President & CEO and as a member of the Board of Directors since January 2004. Before joining SL Green, Mr. Holliday was Managing Director for New York-based Capital Trust (NYSE: CT), where he was in charge of originating direct principal investments for the firm. Mr. Holliday received a Bachelor of Science degree in Business and Finance from Lehigh University in 1988, as well as a Master of Science Degree in Real Estate Development from Columbia University in 1990.
Marc received a B.S. degree in Business and Finance from Lehigh University in 1988, and an M.S. degree in Real Estate Development from Columbia University in 1990.
Robert R. FoleyChief Operating Officer
Bob Foley is Chief Operating Officer of Gramercy Capital Corp. Prior to assisting in the launch of Gramercy Capital Corp. in July 2004, Bob was co-director of Goldman Sachs & Co.'s real estate mezzanine and high-yield lending programs, which involved up to $1.5 billion of committed capital. Previously, Bob was responsible for the capital commitments, pricing, and distribution of floating rate senior and mezzanine real estate loans originated by Goldman, Sachs & Co. Prior to joining Goldman Sachs in 1997, Bob held a range of senior real estate capital markets and strategic advisory positions with BT Securities Corporation (now Deutsche Bank) and Touche Ross & Co. in New York, Los Angeles, and San Francisco.
Bob earned a BA in Economics and Political Science from Stanford University and an MBA from The Wharton School of the University of Pennsylvania. Bob is a certified public accountant, a Governor of the Commercial Mortgage Securitization Association (CMSA), and a member of a range of real estate industry trade groups.
John RocheChief Financial Officer
John Roche is the Chief Financial Officer of Gramercy Capital Corp. A seasoned Chief Financial Officer with an impressive REIT and real estate background, Mr. Roche is ideally suited to guide the newly combined entity into its next phase of growth as an integrated commercial real estate finance and property investment company. Before joining Gramercy, from 2000 to 2007, Mr. Roche served as Executive Vice President & Chief Financial Officer at New Plan Excel Realty Trust, one of the nation's largest real estate companies with over 450 shopping centers encompassing more than 65 million square feet. While at New Plan, Mr. Roche oversaw the issuance of $2 billion of debt and equity and facilitated acquisitions and dispositions of assets in excess of $5 billion and $700 million of redevelopment projects. Mr. Roche departed New Plan upon the closing of its sale to Australia's Centro Properties Group.
Mr. Roche received a Bachelor of Arts in Accounting from Queens College, City University of New York in 1984 and an MBA from the Executive Program at Columbia Business School, Columbia University in 1996. He is a certified public accountant.
Andrew MathiasChief Investment Officer
Andrew is Chief Investment Officer of Gramercy Capital Corp., and is President and Chief Investment Officer of SL Green Realty Corp. where he is responsible for the firm's equity and structured finance investments. Andrew joined SL Green in 1999 as a vice president and was promoted to director of investments in 2002, a position he held until his promotion to chief investment officer in January 2004. Prior to joining SL Green, Andrew was with New York-based Capital Trust (NYSE: CT). From June 1995 to July 1998, Andrew worked at Capital Trust's predecessor company, Victor Capital Group, a private real estate investment bank specializing in advisory services, investment management, and debt and equity placements. Mr. Mathias additionally worked on the High Yield/Restructuring Desk at Bear Stearns and Co.
Andrew received a B.S. degree in Economics from the Wharton School at the University of Pennsylvania.
Gregory F. HughesChief Credit Officer
Greg is the Chief Credit Officer of Gramercy Capital Corp., and the Chief Financial Officer and Chief Operating Officer of SL Green Realty Corp. Prior to joining SL Green in February 2004, Greg was managing director and chief financial officer of the private equity real estate group of JP Morgan Partners. From 1999 to 2002, Greg was partner and Chief Financial Officer of Fortress Investment Group, which managed a real estate private equity fund and a NYSE real estate investment trust. Previously, Greg was chief financial officer of Wellsford Residential Property Trust.
Greg earned a BS in Accounting from the University of Maryland and is a certified public accountant.
Our Manager
Gramercy Capital Corp is externally managed and advised by GKK Manager LLC, a majority-owned subsidiary of SL Green. GKK Manager is responsible for administering Gramercy's business activities and day-to-day operations and using the administrative resources of SL Green to enhance our operations for the benefit of our borrowers and our shareholders.Initially, our Manager is responsible for originating all of our assets. We expect our Manager to take advantage of the broad network of relationships established by its senior management team and by SL Green Realty Corp. over more than two decades to identify outstanding investment opportunities. GKK Manager will utilize its extensive network of relationships with property owners, developers, mortgage loan brokers, commercial and investment banks and institutional investors throughout the United States. With offices in New York and Los Angeles staffed with experienced commercial real estate lenders committed to providing responsive, thoughtful and efficient financing to sophisticated entrepreneurial borrowers, Gramercy is developing a national lending portfolio. Additionally, Gramercy expects to form strategic partnerships with best-in-class commercial real estate owners and lenders.
History
Gramercy Capital Corp. was formed in April 2004 and completed its initial public offering of stock on August 2, 2004. Gramercy Capital Corp. was formed to assume, and then expand to a national scale, SL Green Realty Corp.'s structured finance lending business, which was established in 1997. Since then, SL Green has invested in 34 discrete structured finance transactions totaling $665 million, primarily in the New York metropolitan area and primarily involving office and retail property. Gramercy Capital Corp. will provide senior and subordinate financing secured by all types of commercial real estate, especially retail, multifamily, industrial, lodging and office.Our Investment Philosophy
Gramercy Capital Corp. intends to originate structured real estate finance investments where it believes it can utilize its capital, market knowledge, extensive experience in evaluating real estate risk, and familiarity in employing a wide range of financing structures, to create tailored financial solutions to client problems that also fulfill Gramercy's mission of generating appropriate risk-adjusted returns for its shareholders.Gramercy has the experience, capitalization and national reach to provide one-stop financial solutions to borrowers seeking to acquire properties, refinance existing property investments, or fund property renovations or repositionings in all major geographic markets and all property types, including office, retail, apartments, industrial, hotel, and select categories of special-purpose real estate.
Gramercy is experienced in originating or acquiring:
- First Mortgage Loans
- Subordinate Interests in Whole Loans (B Notes)
- Mezzanine Financing
- Preferred Equity
- Bridge Loans
- Permanent Loans
Commercial Real Estate Finance Product Offerings
Transitional Mortgage LoansAmount: up to $100 million
Loan to Value Ratio: up to 90%
Index: 1MO LIBOR
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail, apartments, industrial, lodging, and residential conversions
Geography: All major US markets
B Notes
Amount: up to $75 million
Loan to Value Ratio: up to 75%
Index: 1MO LIBOR
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail, apartments, industrial, lodging, and residential conversions
Geography: All major US markets
Mezzanine Loans
Amount: up to $75 million
Loan to Value Ratio: up to 85%
Index: 1MO LIBOR
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail, apartments, industrial, lodging, and residential conversions
Geography: All major US markets
Preferred Equity Investments
Amount: up to $50 million
Loan to Value Ratio: up to 90%
Index: 1MO LIBOR
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail, apartments, industrial, lodging, and residential conversions
Geography: All major US markets
Opportunistic Investments
Sub-performing and non-perfoming loans, note purchase financings, net lease investments,and other special situations.
To discuss your unique financing requirements with Gramercy, or to
learn more about Gramercy's value-added approach to commercial real
estate finance, please contact:
| Gramercy
Capital Corp. |
||
| 420 Lexington Avenue | 11726 San Vicente Boulevard, Suite 235 | |
| New York, NY 10170 | Los Angeles, CA 90049 | |
| Telephone: 212-297-1000 | Telephone: 310-207-1100 | |
| Fax: 212-297-1090 | Fax: 310-207-1195 | |
|
John B. Roche Chief Financial Officer 212-297-1038 john.roche@gkk.com Laura Godfrey Investor Relations 212-297-1018 laura.godfrey@gkk.com |
Michael Nagin 310-207-1255 michael.nagin@gkk.com Philip Orosco 310-207-1399 philip.orosco@gkk.com |
|
Employment Opportunities
Asset Management Analyst, SLG Asset Management Group
Job Description:
SUMMARY: A fully integrated, self-managed, self administered Real Estate Investment Trust, SL Green Realty Corp. (NYSE: SLG), is seeking an Asset Management Analyst within its Asset Management Group. The ideal candidate will possess a bachelor's degree in a business related field, proven experience in real estate asset management, and exceptional verbal and written communication skills.
RESPONSIBILITIES: Overall asset management responsibility for the SL Green Realty Corp. structured finance platform as well as the Gramercy Capital Corp. (NYSE: GKK) investment portfolio; such investments are typically transitional assets with fluid business plans, and include a myriad of property types, including office, retail, residential, hotel and land. Take on an ownership role of each investment as it is transitioned from origination to asset management. Responsible for review of property operations, providing executive management and investors with analysis and results of property inspections, budget and variance reports, adequacy of operating reserves and replacement reserves, marketing status and occupancy status.
Specific responsibilities will include:
*Provide updated analysis/reporting of the SLG and GKK structured finance portfolios on a weekly/monthly/quarterly basis to executive management as well as investors
*Analyze detailed commercial loan financial information so trends and information can be articulated to management and investors
*Work with servicers on a daily basis to oversee interest payments, outstanding loan balances and routine loan administration
*Quarterback the future funding process of a loan, as Borrowers implement business plans.
*Collect, input and analyze P/L and budget to actual financial data, monthly physical and qualified occupancy results, construction and lease up progress versus underwritten proforma
*Provide updated underwriting and valuation of assets based on current market conditions and progress of Borrower’s business plan
*Utilize asset management database and other software packages to ensure prompt delivery of summarized property data to investors and executive management.
*Perform periodic site visits
Skills:
Required:
*Bachelor's degree in Finance or other business related field
*2-3 years of real estate asset management experience
*Strong attention to detail and ability to multi-task in strong volume environment
*Excellent communication, organizational and negotiation skills
*Proficient in Microsoft excel and word, with some experience in Argus.
Preferred:
*Experience with underwriting and valuation of debt and/or equity real estate investments.
*Extensive knowledge of all aspects of real estate asset management
COMPENSATION: Competitive. Base and incentive compensation, along with a comprehensive benefits package.
Submit your qualifications, including a resume, compensation requirements, and a letter of interest, to: asset.analyst@slgreen.com
Analyst, Commercial Real Estate Finance
Responsibilities: qualification of new transactions; property underwriting; transaction management; support for new business solicitation; and drafting and presentation of investment committee memoranda. Qualifications: BA with a strong academic record; 1+ years of relevant commercial real estate experience; strong financial, writing and presentation skills; facility in Excel, Word, Powerpoint, and ARGUS; experience in underwriting commercial real estate and negotiating loan documents; a willingness to travel; and the ability to multi-task in a fast-paced work environment.
Opportunities are available in Los Angeles. Submit your qualifications, including a resume, compensation requirements, and a letter of interest, to: recruiting@gramercycapitalcorp.com or fax to 212-297-1090