Press Release

Contact:

Joseph Macnow
Work(201) 587-1000
June 21, 2017

Vornado Completes $220 Million
Financing of The Bartlett

NEW YORK…..VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a $220 million financing of The Bartlett, a 699 unit residential building with a 39,000 square foot Whole Foods Market at its base, located in Arlington, Virginia.  The five-year interest-only loan is at LIBOR plus 1.70%, currently 2.90%, and matures in June 2022.

As contemplated in the previously filed JBG SMITH Form 10, the property and the $217 million of net proceeds will be transferred to JBG SMITH in connection with the tax-free spin-off of our Washington, D.C. segment.

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