Vornado Realty Trust

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Vornado Realty Trust portfolio

$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%;

12th largest by SF

90 properties – Manhattan 93%, Bronx 3%

98th largest

25 residential units – Manhattan 100.0%, Bronx 0.0%

2926th largest by residential units

0 foreclosures, 1 bankruptcy, 15 other court cases.

Company Activity past 24 months:

Buyer company: 3 for $169.6 million

Seller company: 7 for $566.1 million

Borrower company: 5 for $1.3 billion

Top Ten Associated Companies:

Reuben Brothers (7), JPMorgan Chase (4), KPG Funds (2), LaSalle Investment Management (2), Goldman Sachs (2), Morgan Stanley (2), Landesbank Baden-Wurttemberg (2), Citibank (2), Deutsche Bank (2), Portfolio4 LLC (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), Elisabeth Cohen (1), Robert Grossman (1), Jiashu Xu (1)

Recent activity as company:

• Vornado Realty Trust sold 660 Fifth Avenue, Midtown West, Manhattan for $355 million to UNIQLO Co. on January 17, 2025.

• Vornado Realty Trust borrowed $400 million from Deutsche Bank, JPMorgan Chase and 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 Stanley, Goldman Sachs and 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 Trust, Blackstone Group and 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.

• City of New York sold 755 12th Avenue and N/A West 54th Street, Hell’s Kitchen, Manhattan for $89.6 million to Vornado Realty Trust, Blackstone Group and Hudson Pacific Properties on September 11, 2023.

• Vornado Realty Trust sold 755 12th Avenue and N/A West 54th Street, Hell’s Kitchen, Manhattan for $40 million to Vornado Realty Trust, Blackstone Group and Hudson Pacific Properties on September 11, 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.