1 Exhibit Index on Page 4 As filed with the Securities and Exchange Commission on June 11, 1998 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) JUNE 2, 1998 Commission File Number: 1-11954 VORNADO REALTY TRUST (Exact name of registrant as specified in its charter) MARYLAND 22-1657560 (State or other jurisdiction of incorporation) (I.R.S. Employer Identification Number) PARK 80 WEST, PLAZA II, SADDLE BROOK, NEW JERSEY 07663 (Address of principal executive offices) (Zip Code) (201)587-1000 (Registrant's telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report) Page 1
2 ITEMS 1-4. NOT APPLICABLE ITEM 5. On June 2, 1998 Vornado Realty Trust ("Vornado") entered into an agreement to acquire the leasehold interest in 888 Seventh Avenue, a 46 story office building containing approximately 847,000 square feet located in midtown Manhattan and simultaneously has acquired 40 Fulton Street, a 29 story office building containing approximately 234,000 square feet located in downtown Manhattan. The aggregate consideration for both buildings is approximately $154.5 million. The acquisition of 888 Seventh Avenue is expected to be completed not later than the third quarter of 1999 in conjunction with other unrelated transactions to be effected by the seller, and is subject to customary closing conditions. The completed transaction was arrived at through an arms- length negotiation and was consummated through a subsidiary of Vornado Realty L.P., a limited partnership of which Vornado owns 91.2% at May 31, 1998 and is the sole general partner. ITEM 6. NOT APPLICABLE ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. EXHIBIT NO. EXHIBIT 99.1 Press release dated June 2, 1998, of Vornado Realty Trust, announcing the completion of its acquisition of 40 Fulton Street and the agreement to acquire the leasehold interest in 888 Seventh Avenue. ITEM 7A. NOT APPLICABLE. ITEM 8-9. NOT APPLICABLE. Page 2
3 VORNADO REALTY TRUST SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VORNADO REALTY TRUST -------------------------- (Registrant) Date: June 11, 1998 /s/ Irwin Goldberg -------------------------- IRWIN GOLDBERG Vice President, Chief Financial Officer Page 3
4 INDEX TO EXHIBITS PAGE EXHIBIT NO. EXHIBIT REFERENCE 99.1 Press release dated June 2, 1998, of Vornado Realty Trust, announcing the completion of its acquisition of 40 Fulton Street and the agreement to acquire the leasehold interest in 888 Seventh Avenue .......................................5 Page 4
1 EXHIBIT 99.1 CONTACT: JOSEPH MACNOW (201) 587-1000 Park 80 West, Plaza II Saddle Brook, New Jersey 07663 FOR IMMEDIATE RELEASE - June 2, 1998 SADDLE BROOK, NEW JERSEY.......VORNADO REALTY TRUST (NYSE:VNO) today announced it has entered into an agreement to acquire the leasehold interest in 888 Seventh Avenue, a 46 story office building containing approximately 847,000 square feet located in midtown Manhattan, and simultaneously has acquired 40 Fulton Street, a 29 story office building containing approximately 234,000 square feet located in downtown Manhattan. The aggregate consideration for both buildings is approximately $154.5 million. The acquisition of 888 Seventh Avenue is expected to be completed not later than the third quarter of 1999 in conjunction with other unrelated transactions to be effected by the seller, and is subject to customary closing conditions. 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. Page 5