NEWS

12/23/1998 Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business, sold $27.5 millionof 8.5% Series D-1 Cumulative Redeemable Preferred Units.
12/11/1998 Vornado's Board of Trustees declares a quarterly dividend on Preferred Shares.
12/09/1998 Vornado acquired the 1.05 million sq. ft. Market Square Complex of showrooms in the nation's "furniture capital", High Point,N.C.
11/18/1998 Vornado acquired properties from the Mendik Real Estate L.P.
11/12/1998 Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business, sold $60 millionof 8.5% Series D-1 Cumulative Redeemable Preferred Units.
11/06/1998 Vornado's operating results for the nine months ended September 30, 1998.
11/04/1998 Vornado acquired Kmart's 50% interest in the Las Catalinas Mall in Puerto Rico.
10/30/1998 Vornado's Board of Trustees declares a quarterly dividend on Common Shares of $.44 per share.
10/14/1998 Vornado announced that its Settlement Agreement with the partners of Mendik Real Estate L.P. was approved by the Supreme Court of the State of New York.
10/13/1998 Vornado announced the resignation of Bernard Mendikas Chief Executive Officer of Vornado Mendik and as Co-Chairman of Vornado's Board of Directors.
09/18/1998 Vornado announced the distribution of all common stock of Vornado Operating Company to shareholders.
09/11/1998 Vornado's Board of Trustees declares a quarterly dividend on Preferred Shares.
08/19/1998 Vornado entered into an agreement to acquire the 1.05 million sq. ft. Market Square Complex of showrooms in the nation's "furniture capital", High Point, N.C.
08/06/1998 Vornado's operating results for the six months ended June 30, 1998.
07/31/1998 Vornado's Board of Trustees declares a quarterly dividend on Common Shares of $.40 per share.
07/29/1998 Vornado purchased $50 million of Capital Trust's 8.25% Step-Up Convertible Trust Securities.
07/24/1998 Vornado acquired 770 Broadway, a 1,000,000 sq. ft. Manhattan office building.
07/02/1998 Vornado acquired 60% of the assets of Carmar Group, consisting of five cold storage distribution warehouses in the midwest and southeast United States.
06/15/1998 Vornado acquired 60% of the assets of Freezer Services,Inc., consisting of nine cold storage warehouses in the central United States.
06/12/1998 Vornado's Board of Trustees declares a quarterly dividend on Preferred Shares.
06/02/1998 Vornado entered into an agreement to acquire the leasehold interest in 888 Seventh Avenue and simultaneously acquired 40 Fulton Street.
05/21/1998 Vornado entered into an agreement to acquire 60% of the assets of the Carmar Group cold storage warehouse business.
05/07/1998 Vornado's operating results for the three months ended March 31, 1998.
05/04/1998 Vornado acquired an additional 40% interest in the Hotel Pennsylvania, increasing its ownership to 80%.
04/27/1998 Vornado's Board of Trustees declares a quarterly dividend on Common Shares of $.40 per share.
04/24/1998 Vornado announced that Merrill Lynch, Pierce, Fenner & Smith, Inc. agreed to purchase 1,132,420 common shares from Vornado to be deposited in a Unit Investment Trust.
04/20/1998 Vornado increased its interest from 5.6% to approximately 50% in 570 Lexington Avenue.
04/09/1998 Vornado completed a public offering of 10,000,000 Common Shares.
04/02/1998 Vornado acquired the Merchandise Mart and other properties from the Kennedy Family.
03/26/1998 Vornado entered into an agreement to increase its interestin the Hotel Pennsylvania from 40% to as much as 80%.
03/13/1998 Vornado's Board of Trustees declares a quarterly dividend on Preferred Shares.
03/12/1998 Vornado's operating results for the year ended December 31, 1997.
03/09/1998 Vornado acquired 150 East 58th Street, a 39 story Manhattan office building.
02/23/1998 Vornado increased its existing unsecured revolving credit facility to $1 billion.
02/09/1998 Vornado acquired the long-term leasehold interest in One Penn Plaza.
01/30/1998 Vornado's Board of Trustees declares a quarterly dividend on Common Shares of $.40 per share.
01/26/1998 Vornado entered into an agreement to acquire a portion of the real estate portfolio of the Kennedy Family, including the Merchandise Mart.
01/15/1998 Vornado appointed Joseph Macnow, Executive Vice President - Finance and Administration and Irwin Goldberg, Vice President and Chief Financial Officer.