<HTML>
<HEAD>
<TITLE>Filed by Bowne Pure Compliance</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">
<DIV style="font-size: 10pt">
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>

<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): February 25, 2009</B>


<P style="font-size: 24pt" align="center"><B>CAPITAL TRUST, INC.<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Maryland</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>1-14788</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>94-6181186</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>410 Park Avenue, 14th Floor,
New York, NY <BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>10022</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(212) 655-0220</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>N/A<BR></B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>



<DIV style="margin-top: 10pt; font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="left">Item&nbsp;1.01 Entry into a Material
Definitive Agreement.

<P style="font-size: 10pt; text-indent: 8%" align="left">On February&nbsp;25,
2009, Capital Trust, Inc. (the &#8220;Company&#8221;) and UBS Real Estate
Securities Inc. (&#8220;UBS&#8221;) entered into a Satisfaction, Termination
and Release Agreement (the &#8220;Termination Agreement&#8221;) pursuant to
which the parties terminated their right, title and interest in, to and under a
Master Repurchase Agreement, dated as of October&nbsp;30, 2007, as supplemented
by a Confirmation to Master Repurchase Agreement, dated as of October&nbsp;30,
2007 (collectively, the &#8220;Repurchase Agreement&#8221;), pursuant to which
it financed the purchase of a single mezzanine loan (the &#8220;Loan&#8221;).
As of the termination, the Company had a $9.7&nbsp;million outstanding
obligation due under the Repurchase Agreement and the Company recorded book
value of the Loan as of December&nbsp;31, 2008 of $15.2&nbsp;million.

<P style="font-size: 10pt; text-indent: 8%" align="left">Under the Termination
Agreement, the Company consented to transfer to UBS, and UBS unconditionally
accepted and retained, all of the Company&#8217;s right, title and interest in
the Loan (the &#8220;Transfer&#8221;), and the Transfer unconditionally and
fully satisfied all of the obligations of the Company under the Repurchase
Agreement, including without limitation the obligations to pay all amounts due
thereunder. Pursuant to the Termination Agreement, the Company and UBS
acknowledged that the Repurchase Agreement, and the transactions contemplated
thereby, were terminated and of no further force and effect and that the
Company and UBS released and discharged each other from all of their respective
obligations or liabilities under the Repurchase Agreement.

<P style="font-size: 10pt; text-indent: 8%" align="left">The foregoing
description is qualified in its entirety by reference to the Agreement, which
will be attached as an exhibit to the Company&#8217;s Quarterly Report on Form
10-Q for the quarterly period ended March&nbsp;31, 2009 which the Company
intends to file in May&nbsp;2009.

<P style="font-size: 10pt; text-indent: 8%" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 8%" align="left">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="48%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
  <TD width="48%">&nbsp;</TD>
 </TR>
<!-- End Table Head -->

<!-- Begin Table Body -->


<TR>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="2"><B>CAPITAL TRUST, INC.</B></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
  <TD>&nbsp;</TD>  <TD valign="top" align="left">By: </TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">/s/ Geoffrey G. Jervis</TD>
</TR>



 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Name: Geoffrey G. Jervis<BR>
Title: Chief Financial Officer</TD>
 </TR><!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="left">Date: March&nbsp;3, 2009

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c81947e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 7987}]
{"company-data": {"conformed-name": "CAPITAL TRUST INC", "cik": "0001061630", "assigned-sic": "6798", "irs-number": "946181186", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14788", "film-number": "09652073"}, "business-address": {"street1": "410 PARK AVENUE", "street2": "14TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2126550220"}, "mail-address": {"street1": "PAUL, HASTINGS, JANOFSKY & WALKER LLP", "street2": "75 E 55TH ST", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): February 25, 2009
CAPITAL TRUST, INC.
(Exact name of registrant as specified in its charter)
Maryland
1-14788
94-6181186
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
410 Park Avenue, 14th Floor,
New York, NY
10022
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(212) 655-0220
N/A
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material
Definitive Agreement.
On February 25,
2009, Capital Trust, Inc. (the "Company") and UBS Real Estate
Securities Inc. ("UBS") entered into a Satisfaction, Termination
and Release Agreement (the "Termination Agreement") pursuant to
which the parties terminated their right, title and interest in, to and under a
Master Repurchase Agreement, dated as of October 30, 2007, as supplemented
by a Confirmation to Master Repurchase Agreement, dated as of October 30,
2007 (collectively, the "Repurchase Agreement"), pursuant to which
it financed the purchase of a single mezzanine loan (the "Loan").
As of the termination, the Company had a $9.7 million outstanding
obligation due under the Repurchase Agreement and the Company recorded book
value of the Loan as of December 31, 2008 of $15.2 million.
Under the Termination
Agreement, the Company consented to transfer to UBS, and UBS unconditionally
accepted and retained, all of the Company's right, title and interest in
the Loan (the "Transfer"), and the Transfer unconditionally and
fully satisfied all of the obligations of the Company under the Repurchase
Agreement, including without limitation the obligations to pay all amounts due
thereunder. Pursuant to the Termination Agreement, the Company and UBS
acknowledged that the Repurchase Agreement, and the transactions contemplated
thereby, were terminated and of no further force and effect and that the
Company and UBS released and discharged each other from all of their respective
obligations or liabilities under the Repurchase Agreement.
The foregoing
description is qualified in its entirety by reference to the Agreement, which
will be attached as an exhibit to the Company's Quarterly Report on Form
10-Q for the quarterly period ended March 31, 2009 which the Company
intends to file in May 2009.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
CAPITAL TRUST, INC.
By:
/s/ Geoffrey G. Jervis
Name: Geoffrey G. Jervis
Title: Chief Financial Officer
Date: March 3, 2009