Gramercy Capital Corp. in Internalization

May 19, 2009

Cleary Gottlieb is representing Goldman, Sachs & Co., as financial advisor to the Special Committee of the Board of Directors of Gramercy Capital Corp. in connection with the internalization of Gramercy’s management through the direct acquisition by Gramercy of its external manager, which had been a wholly owned subsidiary of SL Green Realty Corp.

Gramercy Capital Corp. is an integrated commercial real estate finance and property investment company.

SL Green Realty Corp. is a self-administered and self-managed real estate investment trust that predominantly acquires, owns, repositions and manages Manhattan office properties.