Gramercy Property Trust Inc. (GPT)

[Enterprising Investor]

Sold yesterday for a 49.3 percent gain.

Purchased 1/31/13.

Why did I sell? The investment converted from a distressed asset/turnaround play in 2013 to an income producer going forward. My hurdle rate is higher than any resulting dividend yield. The EI Recovery Fund has returned 53.65 YTD according to Fido (compares to 29.12 YTD for the S&P 500).

Disclaimer: Past results are not indicative of future results.

The funds are already destined for redeployment.

Investors who bought low seeking income will do well.