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:
19.9 million square feet of Manhattan office space in 36 properties.
2.6 million square feet of Manhattan street retail space in 71 properties.
1,999 units in eleven residential properties.
The 1,700 room Hotel Pennsylvania located on Seventh Avenue at 33rd Street in the heart of the Penn District.
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 1.3 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 2,838 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, formerly known as the Bank of America Center.
The 3.7 million square foot MART ("theMART").
A 4.5% interest in Urban Edge Properties (NYSE:UE); a 7.9% interest in Pennsylvania Real Estate Investment Trust (NYSE:PEI); and a 7.8% interest in Lexington Realty Trust (NYSE:LXP).
A 25% interest in Vornado Capital Partners, our real estate fund. We are the general partner and investment manager of the fund. The fund’s investment period ended in July 2013.
220 Central Park South, a 950 foot tall residential luxury for-sale condominium tower containing 400,000 salable square feet, completing construction in 2019 with condominium units scheduled to close through 2020.
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.
Excellence • Honesty • Integrity • Teamwork
Our Colleagues • Creativity