Capital Trust - CT- Profile

Capital Trust, Inc. (formerly California Real Estate Investment Trust) is a specialty finance company providing lending and investment opportunities in commercial real estate and related assets. The company invests in various types of income producing commercial real estate, including senior and junior commercial mortgage loans, preferred equity investments, direct equity investments and subordinate interests in commercial mortgage-backed securitites. The company also provides real estate investment banking, advisory and asset management services through its wholly owned subsidiary Victor Capital Group, L.P. Interest income accounted for 72% of 1999 revenues; advisory and investment banking fees, 26% and other, 2%.