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Volume 3 - Number 9 | May 3, 2005

TOP STORY: Gramercy Capital Enters CTL Biz By Michelle Napoli Gramercy Capital Corp., a specialty finance company spun off from SL Green Realty Corp. in April 2004 and taken public last August, says it entered the credit-tenant lease business with its acquisition of a 45% interest in the 1.2-million sf south building of One Madison Ave., Manhattan.

INSIDER: STAG Capital's Benjamin Butcher By Michelle Napoli Boston-based STAG Capital Partners purchased its first property about 13 months ago and is already set to launch its second investment fund. CEO Benjamin S. Butcher talks about STAG’s acquisitions strategy and plans.

UK Market ‘Strong’ For SLB; BentleyForbes Bidding For First Non-US Purchase By Michelle Napoli The market for sale-leasebacks in Europe continues to gain momentum. And with the continent’s corporations still owning a much higher percentage of their properties than their US counterparts, Europe is attracting more and more attention from domestic and American investors.