As of March 31, 2017, Gramercy's Asset Management team oversees its own portfolio of 318 industrial, office and specialty buildings totaling approximately 67 million square feet, as well as manages approximately $1,147,000 of commercial real estate assets, primarily on behalf of our joint venture partners, including approximately $918,000 of assets in Europe. 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.
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.