Gramercy Property Trust Inc. (NYSE: GPT) a real estate investment trust (“Gramercy”), announced today that it has completed its merger with Chambers Street Properties (“Chambers Street”; and together with Gramercy, collectively, the “Combined Company”) and, in connection therewith, the Combined Company entered into a new senior unsecured credit facility (the "Facility") with J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as Joint Bookrunners and Joint Lead Arrangers, Wells Fargo Securities, LLC, U.S. Bank National Association and Royal Bank of Canada, as Joint Lead Arrangers, JPMorgan Chase Bank, N.A., as Administrative Agent, and Bank of America, N.A., as Syndication Agent. The Facility consists of an $850 million senior unsecured revolving credit facility (the “Revolving Credit Facility”), a $300 million three-year term loan (the “3 Year Facility”) and a $750 million five-year term loan. The Revolving Credit Facility has an initial term of four years with an option for a one-year extension and the 3 Year Facility has an initial term of three years with an option for a one-year extension. The Facility replaces the previous unsecured credit facilities issued to Gramercy and Chambers Street. The combined company also entered into a new $175 million seven-year senior unsecured term loan with Capital One, National Association as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent that replaces Chambers Street’s former seven-year term loan facility.

In addition, the combined company announced that the combined company completed the private placement of $150 million in senior unsecured notes. The notes have a fixed interest rate of 4.97% and are due December 2024. $100 million of the private placement was funded concurrent with the closing of the merger and $50 million is expected to fund in January 2016.

Company Profile

Gramercy Property Trust Inc. is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing single-tenant, net-leased industrial and office properties purchased through sale-leaseback transactions or directly from property developers and owners. The Company focuses on income producing properties leased to high quality tenants in major markets in the United States and Europe.

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