Gramercy to buy American Financial Realty - WSJ

NEW YORK, Nov 5 (Reuters) - Real estate specialty finance company Gramercy Capital Corp (GKK.N: Quote, Profile, Research, Stock Buzz) agreed to buy American Financial Realty Trust AFR.N for $1.1 billion in cash and stock, the Wall Street Journal reported Monday in its online edition.

The Journal said Gramercy executives are expected to announce the deal later on Monday, and that an American Financial executive had confirmed the agreement's specifics. (Reporting by Justin Grant)