Vornado Completes $390 Million Financing of Retail at 666 Fifth Avenue

  Vornado Completes $390 Million Financing of Retail at 666 Fifth Avenue

Business Wire

PARAMUS, N.J. -- February 20, 2013

VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a $390
million financing of its retail condominium located at 666Fifth Avenue at
53rd Street, which it acquired in December 2012. The 10-year loan is
interest-only at 3.61%. The net proceeds from the financing were approximately
$387million.

Vornado Realty Trust is a fully integrated equity real estate investment
trust.

Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks
associated with the timing of and costs associated with property improvements,
financing commitments and general competitive factors.

Contact:

Vornado Realty Trust
Joseph Macnow, 201-587-1000