Gramercy Property Trust’s $$273.8 Million Public Offering of Common Share


Vinson & Elkins advised the underwriters in the closing of a public offering of 10,350,000 common shares by Gramercy Property Trust, a real estate investment trust.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as representatives of the several underwriters.

The offering includes the exercise in full by the underwriters of their option to purchase up to an additional 1,350,000 common shares, at a public offering price of $27.60 per share. The net proceeds of the offering were approximately $273.8 million.

The V&E corporate team was led by partner Chris Green (Picture) with assistance from senior associate Doug Boyle and associates Dylan Coons and Brandon Rice. Partner Chris Mangin and associate Brian Russell provided tax advice.

Involved fees earner: Christopher Green – Vinson & Elkins LLP; Douglas Boyle Jr. – Vinson & Elkins LLP; Dylan Coons – Vinson & Elkins LLP; Christopher Mangin Jr. – Vinson & Elkins LLP; Brian Russell – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Morgan Stanley; JP Morgan Securities;

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Author: Ambrogio Visconti