As of December 31, 2016, Gramercy's Asset Management team oversees a portfolio of 325 industrial, office and specialty buildings totaling approximately 65 million square feet of industrial office and specialty properties, net leased to over 230 different tenants. The team consists of over 50 dedicated professionals with operations in New York, Philadelphia, Chicago, Dallas and St. Louis. This integrated platform provides comprehensive services including property management, leasing, dispositions, due diligence support, construction management, property accounting, financial analysis, budgeting, and reporting. Additionally, Gramercy Asset Management oversees a portfolio comprised of 80 assets totaling 1.3 million square feet for a third party.
Since 2012, the team has managed the sale of over 720 assets totaling 25.3 million square feet aggregating over $3 billion of proceeds in its owned and managed portfolios. Gramercy has executed approximately 440 new and renewal lease transactions over the same period, constituting over near 7 million square feet.