Vornado Realty Trust is a fully-integrated real estate investment trust (REIT). Vornado is one of the largest owners and managers of commercial real estate in the United States with a portfolio totaling over 100 million square feet, primarily located in the New York City and Washington, DC metropolitan areas. The Company's four major platforms include New York City Office, Washington, DC Office, Retail and Merchandise Mart.

The Company owns all or portions of:

Office Properties:

• In Midtown Manhattan - 29 office properties aggregating 19.2 million square feet
• In the Washington, DC/Northern Virginia area - 74 office properties containing 18.0 million square feet and seven residential properties containing 2,424 units;
• In San Francisco's financial district - a 70% controlling interest in 555 California Street, a three-building complex aggregating 1.8 million square feet known as Bank of America Center;

Retail Properties:

• In Manhattan, 21 retail properties aggregating 1.9 million square feet (including over 800,000 square feet reported in the New York Office segment);
• 134 strip shopping centers, regional malls, and single tenant retail assets, primarily in the northeast states, California and Puerto Rico aggregating 24.3 million square feet;

Merchandise Mart Properties:

• 5.7 million square feet of showroom and office space including the 3.5 million square foot Merchandise Mart in Chicago;

Other Real Estate Investments:

• A 32.4% interest in Alexander's Inc. (NYSE: ALX) which owns seven properties in the New York metropolitan area including 731 Lexington Avenue, the 1.3 million square foot Bloomberg headquarters building;
• The 1,700 room Hotel Pennsylvania in Manhattan;
• A 32.7% interest in Toys "R" Us, Inc.;
• A 10.9% economic interest in JC Penney Company, Inc. (NYSE:JCP);
• A 25.0% interest in our $800 million real estate investment fund in which we are the general partner and investment manager; and
• Other real estate and investments including marketable securities and mezzanine loans on real estate, including a 26.2% equity interest in LNR Property Corporation, an industry leading servicer and special servicer of commercial mortgage loans and CMBS, and a diversified real estate, investment and finance company.