Gramercy Capital Corp. To Present At The Wachovia 11th Annual Real Estate Securities Conference On Wednesday, December 5, 2007

Gramercy Capital Corp. (NYSE: GKK) announced today that Hugh Hall, Chief Operating Officer of Gramercy, will present at Wachovia's 11th Annual Real Estate Securities Conference at 11:10 am EST on Wednesday, December 5, 2007. A live audio webcast of the presentation will be available on Gramercy's website at www.gramercycapitalcorp.com. A replay of the webcast will also be available for 90 days on Gramercy's website beginning approximately 24 hours after the presentation. About Gramercy Capital Corp. Gramercy Capital Corp. is a commercial real estate specialty finance company that focuses on the direct origination and acquisition of whole loans, subordinate interests in whole loans, mezzanine loans, preferred equity, CMBS and other real estate securities, and net lease investments involving commercial properties throughout the United States. Gramercy is externally-managed by GKK Manager LLC, which is a majority-owned subsidiary of SL Green Realty Corp. (NYSE: SLG). Gramercy is headquartered in New York City and has a regional investment office in Los Angeles, California. To be added to the Company’s distribution list or to obtain the latest news releases and other Company information, please visit our website at www.gramercycapitalcorp.com or contact Investor Relations at 212-297-1017.