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Gramercy Capital Corp. To Release Third Quarter 2012 Financial Results on November 8, 2012

  Gramercy Capital Corp. To Release Third Quarter 2012 Financial Results on
  November 8, 2012

        Conference Call to be Held on November 8, 2012 at 2:00 PM EST

Business Wire

NEW YORK -- November 02, 2012

Gramercy Capital Corp. (NYSE: GKK), a self-managed integrated commercial real
estate investment and asset management company organized as a real estate
investment trust, announced today that it will release earnings for the third
quarter 2012 on Thursday, November 8, 2012, prior to market open.

The Company's executive management team will host a conference call and audio
webcast on Thursday, November 8, 2012, at 2:00 PM EST to discuss third quarter
2012 financial results.

The live call will be webcast in listen-only mode on Gramercy’s website at
www.gkk.com and on Thomson’s StreetEvents Network. The presentation may also
be accessed by dialing (888) 771-4371 - Domestic or (847) 585-4405 -
International, using confirmation code “GRAMERCY”.

A replay of the call will be available from November 8, 2012 at 4:30 PM EST
through November 11, 2012 at 11:59 PM EST by dialing (888) 843-7419 - Domestic
or (630) 652-3042 - International, using pass code 4726 3729#.

Company Profile

Gramercy Capital Corp. is a self-managed, integrated commercial real estate
investment and asset management company. The Company’s Gramercy Realty
division currently manages approximately $1.9 billion of commercial properties
leased primarily to regulated financial institutions and affiliated users
throughout the United States. The Gramercy Finance division manages
approximately $1.8 billion of whole loans, bridge loans, subordinate interests
in whole loans, mezzanine loans, preferred equity, commercial mortgage-backed
securities and other real estate securities which are financed through three
non-recourse CDOs. The Company is headquartered in New York City and has
regional investment and portfolio management offices in Jenkintown,
Pennsylvania, Charlotte, North Carolina, and St. Louis, Missouri.

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

(GKK-EN)

Forward-looking Information

This press release contains forward-looking information based upon the
Company's current best judgment and expectations. Actual results could vary
from those presented herein. The risks and uncertainties associated with
forward-looking information in this release include, but are not limited to,
factors that are beyond the Company's control, including the implementation of
the new business strategy, the integration of the new management team, the
results of the operational review and those factors listed in the Company's
Annual Report on Form 10-K and in the Company's Quarterly Reports on Form
10-Q. The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. For further information, please refer to the Company's
filings with the SEC.

Contact:

Gramercy Capital Corp.
Jon W. Clark, Chief Financial Officer
212-297-1000
-Or-
Emily Pai, Investor Relations
212-297-1000