Washington, D.C. 20549
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  July 30, 2007
(Exact Name of Registrant as specified in its charter)
(State or other jurisdiction
of incorporation)
(Commission File
(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
 (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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] 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 July 30, 2007, Capital Trust, Inc. (the “Company”) entered into a Master Repurchase Agreement with Citigroup Global Markets, Inc. and Citigroup Financial Products Inc. (the “Agreement”).  The Agreement provides for a maximum aggregate purchase price of $250 million with a rolling one-year term and individual financing commitments of up to three years.  Subject to the terms and conditions thereof, the Agreement provide for the purchase, sale and repurchase of, inter alia, commercial mortgage loans, commercial real estate mezzanine loans, B-notes and commercial mortgage-backed securities and bears interest at varying rates over LIBOR based upon the type of asset included in the repurchase obligation. 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 quarter ending September 30, 2007 which the Company intends to file in November 2007. 
Item 8.01       Other Events.
As previously disclosed, on November 1, 2006, the Company entered into a $250 million Master Repurchase Agreement with JPMorgan Chase Bank, N.A. (the “JPMorgan Agreement”). On July 30, 2007, the Company extended the “Maturity Date” (as defined in the JPMorgan Agreement) until October 30, 2008.






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.

/s/ Geoffrey G. Jervis  
    Name: Geoffrey G. Jervis  
    Title: Chief Financial Officer   
Date: July 31, 2007