About Us

Gramercy Capital Corp. is a self-managed integrated commercial real estate finance and property investment company operating in two complementary areas: Gramercy Finance, which focuses on the direct origination and acquisition of whole loans, subordinate interests in whole loans, mezzanine loans, preferred equity, CMBS and other real estate securities; and Gramercy Realty, which focuses on the acquisition and management of commercial properties net leased primarily to regulated financial institutions and affiliated users throughout the United States. Gramercy is headquartered in New York City, and has regional investment and portfolio management offices in Los Angeles, California, Jenkintown, Pennsylvania, and Charlotte, North Carolina.

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

Roger Cozzi
Chief Executive Officer

Roger Cozzi is Chief Executive Officer of Gramercy Capital Corp. Roger joined Gramercy Capital Corp. in October, 2008. Prior to joining the Gramercy team, Roger was Managing Director at Fortress Investment Group, LLC. From 1998 to 2007, Roger held progressively senior roles, including Chief Investment Officer from 2006 to 2007, at iStar Financial Inc., a publicly traded real estate investment trust focused on the financing of commercial real estate. While at iStar Financial, Mr. Cozzi was responsible for the origination of structured financing transactions and he successfully closed over $3 billion of first mortgage, mezzanine and corporate finance investments. From 1995 to 1998, Roger was an investment officer for Starwood Mezzanine Investors and Starwood Opportunity Fund IV. Prior to his tenure at Starwood, Roger served at Goldman Sachs from 1992 to 1995 in the real estate department where he primarily focused on securitizing and selling investment grade and non-investment grade securities backed by pools of commercial mortgages, evaluating performing commercial mortgage loans for potential principal investment by the Whitehall funds and consulting large corporate tenants on lease alternatives. Also at Goldman, Roger worked in the investment management group, where he worked on several merger transactions, created a conduit to lend directly to mutual funds, and helped create a vehicle to securitize 12b-1 financing fees.

Roger Cozzi holds a BS in Economics from The Wharton School of the University of Pennsylvania.


Tim O’Connor
President

Tim O’Connor is President of Gramercy Capital Corp. Tim joined Gramercy Capital Corp. in November 2008. Prior to joining the Gramercy team, Tim served as Chief Operating Officer of iStar Financial (and its predecessor) since March 1998 where he was responsible for the asset management of the company’s $15 billion first mortgage, mezzanine, corporate finance and net lease portfolio, loan servicing and due diligence. He also served as a member of the firm’s investment committee. Previously, Tim was a Vice President of Morgan Stanley & Co., responsible for the performance of more than $2 billion of assets acquired by the Morgan Stanley Real Estate Funds. Prior to joining Morgan Stanley, Tim was a Vice President of Greystone Realty Corporation involved in the firm’s acquisition and asset management operations. Before that, Tim was employed by Exxon Co. USA in its real estate and engineering group. Prior to his time at Exxon, Tim was a Captain in the US Army Corps of Engineers managing various construction projects throughout the Pacific Rim.

Tim received a B.S. degree in Engineering from the United States Military Academy at West Point and an M.B.A. from the Wharton School of the University of Pennsylvania.



Robert R. Foley
Chief 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.


Jon W. Clark
Chief Financial Officer

Jon Clark is Chief Financial Officer of Gramercy Capital Corp. Prior to being elected as Chief Financial Officer and Treasurer of the Company, Jon had been the Company’s Chief Accounting Officer since March 2009. He also served in a role as Vice President and Controller of the Company. Jon was previously employed by SL Green Realty Corp. until April 24, 2009. Prior to joining SL Green in 2007, Jon was a Director at BlackRock Financial Management where he managed the accounting and finance department for real estate debt products. He also served as Anthracite Capital Inc.’s Assistant Treasurer during that time. He joined BlackRock Financial Management in 2000. Prior to joining BlackRock Financial Management, Jon was a Vice President at Cornerstone Properties, Inc. (acquired by Equity Office Properties in 2000) where he established its internal audit department.

Jon is a certified public accountant and obtained his public accountancy experience as a manager in the national real estate practices of Arthur Andersen LLP and BDO Seidman LLP. Jon holds a B.B.A. degree in Accountancy from Western Michigan University.


Michael Kavourias
Executive Vice President and Chief Legal Officer

Michael Kavourias is the Executive Vice President and Chief Legal Officer of Gramercy Capital Corp. Michael is responsible for the Company’s legal affairs and in particular, he oversees Gramercy Finance’s transactions, restructurings and special servicing efforts. He is also the Company’s chief legal representative in connection with its asset based and unsecured borrowings.

Prior to joining Gramercy in 2005, Michael was a Special Counsel in Cadwalader Wickersham & Taft’s New York office. His main area of concentration was commercial real estate financing, representing major financial institutions, investment banks and commercial banks. Michael has substantial experience in the origination and sale and purchase of commercial mortgage loans and mezzanine financing. Michael also has a substantial background in the sale and acquisition of commercial and residential real estate. Prior to joining Cadwalader in 2000, Michael was a Special Counsel in the Real Estate Structured Finance Department of Rosenman & Colin LLP. Prior to that, he was the managing partner in a boutique real estate firm, which he co-founded in 1994.

He began his career as an associate in Thacher Proffitt & Wood’s Real Estate Group. He earned a B. S. in Accounting from New York University and he received his J.D. from St. John’s University where he was a Thomas More Scholar and member of the Law Review. Michael is a Certified Public Accountant and practiced public accounting with Price Waterhouse.


Edward J. Matey Jr.
General Counsel

Edward J. Matey Jr. is General Counsel of Gramercy Capital Corp. Prior to joining Gramercy Capital Corp. in April 2008, Ed was Executive Vice President and General Counsel of American Financial Realty Trust. Prior to joining American Financial in 2002, Ed was a partner in the Philadelphia office of Morgan Lewis & Bockius LLP, where he led the team of attorneys representing American Financial’s predecessor entities in the acquisition, disposition, leasing and financing of their real estate portfolios.

Ed received a BS in Physics from Saint Joseph’s University in Philadelphia and a JD from Villanova University School of Law. Ed is licensed to practice law in Pennsylvania and New Jersey.

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

Gramercy will also acquire Distressed Debt, Mortgage-Backed Securities, and other Real Estate-Related Investments.

Commercial Real Estate Finance Product Offerings

Transitional Mortgage Loans
Amount: 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 New York, NY 10170 Telephone: 212-297-1000 Fax: 212-297-1090 Jon W. Clark Chief Financial Officer 212-297-1021 jon.clark@gkk.com

Employment Opportunities

There are currently no positions available.