Press Release

Contact:

Joseph Macnow
Work(212) 894-7000
April 18, 2019

Vornado Names Haim Chera Executive Vice President - Head of Retail

NEW YORK…..Steven Roth, Chairman and Chief Executive Officer of Vornado Realty Trust (NYSE:VNO), announced today the appointment of Haim Chera, age 50, as the Company's Executive Vice President - Head of Retail.

Mr. Chera, a real estate industry veteran with over 22 years of experience, joins Vornado from Crown Acquisitions, his family business, where he was a principal.

Mr. Roth said, "We own the premium flagship retail portfolio in Manhattan, containing 2.8 million square feet in 71 assets. This business deserves the best leadership and talent. I am delighted to announce Haim Chera will be joining us to head our retail business. Haim is hands down the very best retail real estate executive there is. His knowledge, skills and access are unparalleled. Haim will be leaving his family business, Crown Acquisitions, to join us. My relationship with Haim and his family goes back forever. Haim will have a field day leasing, managing and improving our existing portfolio. What's more, the disruption in retail will present enormous opportunity for those with talent and capital. We intend to have both in large measure. We are excited about the opportunities that lie ahead."

Vornado Realty Trust is a fully-integrated equity real estate investment trust.