Steven Borenstein

(Steven J. Borenstein)

Vornado Realty Trust

Owner

Vornado Realty Trust portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$9.3 billion – office 60.0%, condo 24.0%; Manhattan 99.0%, Bronx 0.0%

6th largest portfolio by dollar value

18,899,531 sqft – office 64.0%, condo 18.0%;

11th largest by SF

90 properties – Manhattan 93%, Bronx 3%

73th largest

25 residential units – Manhattan 100.0%, Bronx 0.0%

773th largest by residential units

0 foreclosures, 1 bankruptcy, 15 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $40 million

Seller signatory: 5 for $171.1 million

Borrower signatory: 5 for $1.3 billion

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Reuben Brothers (7), KPG Funds (2), LaSalle Investment Management (2), Morgan Stanley (2), Landesbank Baden-Wurttemberg (2), Portfolio4 LLC (1), Tri-Star Equities (1), Bank of China (1), ING Capital (1), Clipper Equity (1)

Top Ten Associated People:

Eric S. Orenstein (4), Gregory Kraut (2), Eileen Sawyer (2), Paul Xuereb (1), Brandon Atkins (1), David Bistricer (1), David Werner (1), Jiashu Xu (1), Amadou M. Diop (1), Theodore M. Vandermel (1)

Recent activity as signatory:

• Vornado Realty Trust borrowed $400 million from Deutsche Bankand JPMorgan Chaseand Wells Fargo for 151 East 58th Street and 151 East 58th Street, Midtown East, Manhattan on October 07, 2024.

• Vornado Realty Trust borrowed $300 million from Morgan Stanleyand Goldman Sachsand Bank of Montreal for 640 5th Avenue, 650 5th Avenue, and 6 West 52nd Street, Midtown West, Manhattan on June 14, 2024.

• Vornado Realty Trust borrowed $75 million from Landesbank Baden-Wurttemberg for 433 7th Avenue, Penn Plaza, Manhattan on April 17, 2024.

• Vornado Realty Trustand Blackstone Groupand Hudson Pacific Properties borrowed $123.2 million from RBC Real Estate Capital Partners for 755 12th Avenue and N/A West 54th Street, Hell’s Kitchen, Manhattan on September 12, 2023.

• Vornado Realty Trust sold 510 5th Avenue, Midtown West, Manhattan for $50 million to Reuben Brothers on August 22, 2023.

• Vornado Realty Trust sold 443 Broadway, Little Italy, Manhattan for $20 million to Reuben Brothers on August 17, 2023.

• Vornado Realty Trust sold 150 Spring Street and 148 Spring Street, SoHo, Manhattan for $15 million to Reuben Brothers on August 17, 2023.

• Vornado Realty Trust sold 692 Broadway, 692 Broadway, 692 Broadway, 692 Broadway, and 692 Broadway, NoHo, Manhattan for $15 million to Reuben Brothers on August 17, 2023.

• Niarchos Family sold 39 East 51st Street, Midtown East, Manhattan for $40 million to Vornado Realty Trustand Rudin Management on June 23, 2023.

• Vornado Realty Trust borrowed $355 million from Credit Agricole for 697 5th Avenue and 2 East 55th Street, Midtown East, Manhattan on June 20, 2023.