Vornado’s portfolio is concentrated in the nation’s key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 26 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2020.
In 2022, Vornado commemorated 60 years on the NYSE.
Financial Strength for Control and Flexibility
The size and strength of Vornado’s balance sheet is a competitive advantage that enables the company to act — both to seize opportunities and to withstand changes in market conditions.
Operational Excellence at Every Point of the Tenant Experience
The in-house integration of the full complement of real estate skills is one of Vornado’s strengths.
Continuously Seeking and Realizing Opportunities for Value Creation
Vornado has a proven history of delivering on bold and complex asset transformations that create long-term value and deliver world-class products to our tenants.
Vornado Realty Trust (NYSE: VNO) is a fully-integrated Real Estate Investment Trust (REIT). Vornado has a concentration of premier assets and a focused strategy of growing its dominant position in New York City office and Manhattan high street retail.
The Company owns all or portions of:
65 Manhattan operating properties consisting of:
20.6 million square feet of office space in 32 of the properties;
2.6 million square feet of street retail space in 58 of the properties;
1,671 units in seven residential properties;
Multiple development sites, including the Hotel Pennsylvania which is on
Seventh Avenue at 33rd Street in the heart of THE PENN DISTRICT;
THE PENN DISTRICT is our premier interconnected campus-like development currently consisting of 9 million square feet in over a dozen buildings and land sites surrounding New York’s Pennsylvania Station, the busiest transportation hub in North America;
Multiple development sites, including Hotel Pennsylvania;
A 32.4% interest in Alexander’s, Inc. (NYSE: ALX), which owns six properties in the New York metropolitan area, including 731 Lexington Avenue, the 1.1 million square foot Bloomberg, L.P. headquarters building;
Signage throughout THE PENN DISTRICT and Times Square;
BMS, our wholly owned subsidiary, which provides cleaning and security services for our buildings and third parties, employing 2,710 associates;
A 70% controlling interest in 555 California Street, a three-building office complex in San Francisco's financial district aggregating 1.8 million square feet;
The 3.7 million square foot Mart (“theMART”);
Other Real Estate and Related Investments
A 25% interest in Vornado Capital Partners, our real estate fund. We are the general partner and investment manager of the fund. The fund is in wind down and;
220 Central Park South, our 950-foot tall residential luxury condominium tower containing 400,000 salable square feet, which is over 95% sold.
A Superior Team with an Entrepreneurial Spirit
World-class properties are not simply built. They are made world-class every day by the people who manage and maintain them. Vornado’s experienced operating and investment professionals work tirelessly to serve our tenants and maintain each asset to the highest possible standards.
Vornado’s Core Values
Excellence • Honesty • Integrity • Teamwork
Our Colleagues • Creativity
Steven RothChairman of the Board and Chief Executive Officer
Michael J. FrancoPresident and Chief Financial Officer
Glen J. WeissExecutive Vice President ‐ Office Leasing and Co-Head of Real Estate
Barry S. LangerExecutive Vice President – Development and Co-Head of Real Estate
Haim CheraExecutive Vice President ‐ Head of Retail
Thomas SanelliExecutive Vice President – Finance and Chief Administrative Officer