On October 28, 2008, Capital Trust, Inc. (the "Company") issued a press release reporting the financial results for its fiscal quarter ended September 30, 2008. A copy of the press release is attached to this Current Report on Form 8-K ("Current Report") as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 2.02 disclosure.

On October 29, 2008, the Company held a conference call to discuss the financial results of the Company for its fiscal quarter ended September 30, 2008. A copy of the transcript of the call is attached to this Current Report as Exhibit 99.2 and is incorporated herein solely for purposes of this Item 2.02 disclosure. The transcript has been selectively edited to facilitate the understanding of the information communicated during the conference call.

The information in this Current Report, including the exhibits attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section. The information in this Current Report, including the exhibits, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any incorporation by reference language in any such filing.

(d) Exhibits

Exhibit Number      Description

99.1                Press Release dated October 28, 2008

99.2                Transcript from third quarter earnings conference call held on
                    October 29, 2008