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Press Releases

Date	Title
3/4/99	Vornado made an additional $242 million investment in Charles E. Smith Commercial Realty L.P.
1/29/99	Vornado's Board of Trustees declares a quarterly dividend on Common Shares of $.44 per share.
1/13/99	Vornado acquired the long-term leasehold interest in 888 Seventh Avenue, an 847,000 square foot Manhattan office building, for $100 million.
12/23/98	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.
12/11/98	Vornado's Board of Trustees declares a quarterly dividend on Preferred Shares.
12/9/98	Vornado acquired the 1.05 million sq. ft. Market Square Complex of showrooms in the nation's "furniture capital", High Point,N.C.
11/18/98	Vornado acquired properties from the Mendik Real Estate L.P.
11/12/98	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.
11/6/98	Vornado's operating results for the nine months ended September 30, 1998.
11/4/98	Vornado acquired Kmart's 50% interest in the Las Catalinas Mall in Puerto Rico.