New York, December 17, 2015 -- Moody's Investors Service has affirmed the Baa3 issuer rating of Chambers Street Properties following the REIT's merger with Gramercy Property Trust Inc., the parent of GPT Property Trust LP. Chambers Street Properties is the surviving entity and the REIT will be renamed Gramercy Property Trust. In the same rating action, Moody's has affirmed the Baa3 issuer rating of GPT Property Trust LP and assigned a Baa3 rating to the $150 million senior unsecured private placement note issuance by Gramercy Property Trust's subsidiaries, CSP Operating Partnership, LP and GPT Property Trust LP. The rating outlook is stable.

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