Gramercy Capital Corp. (Gramercy) is an integrated commercial real estate finance and property investment company. The Company’s commercial real estate finance business, which operates under the name Gramercy Finance, focuses on the direct origination and acquisition of whole loans, bridge loans, subordinate interests in whole loans, mezzanine loans, preferred equity, commercial mortgage-backed securities, or CMBS, and other real estate related securities.Gramercy has also established a real estate securities business that focuses on the acquisition, trading and financing of commercial mortgage-backed securities (CMBS). In April 2008, Gramercy completed the acquisition of American Financial Realty Trust. In April 2009, the Company acquired external manager, GKK Manager LLC, which was previously a wholly owned subsidiary of SL Green Realty Corp.