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  • Gramercy Property Shareholders Approve $7.6B Blackstone Deal

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    NEW YORK CITY--Gramercy Property Trust shareholders have approved its $7.6 billion acquisition by Blackstone Real Estate Partners VIII at its special meeting of shareholders held earlier today.

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    "This latest transaction brings our company’s strategy to pursue liquidity for our entire data center portfolio to a successful conclusion.”

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    Alexander Cocoziello of Advance Realty says his firm and partner Camber plan to hold the properties as a long-term investment.

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