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 2012, Vornado commemorated 50 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:
20.6 million square feet of Manhattan office space in 33 properties;
2.7 million square feet of Manhattan street retail space in 65 properties;
THE PENN DISTRICT is our premier interconnected campus-like development currently consisting of 9 million square feet in a dozen buildings and land sites surrounding New York’s Pennsylvania Station, the busiest transportation hub in North America;
1,989 units in ten residential properties;
A 32.4% interest in Alexander's, Inc. (NYSE:ALX) which owns seven properties in the greater 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 1,997 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 91% 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
Matthew IoccoExecutive Vice President - Chief Accounting Officer