
Vornado Realty Trust
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Business profile
VORNADO REALTY TRUST: Vornado Realty Trust is a leading real estate investment trust that owns, develops, and manages a substantial portfolio of premier office, retail, and multifamily properties. The company's strategic focus is heavily concentrated in New York City, where it boasts a significant footprint of approximately 26 million square feet of high-quality assets. This New York City presence includes a pivotal role in the redevelopment of the PENN DISTRICT, a transformative urban revitalization project. Beyond its core New York operations, Vornado also maintains a select portfolio of prime assets in other major metropolitan areas, specifically Chicago and San Francisco. Vornado distinguishes itself through a strong commitment to sustainability, with all of its in-service office buildings achieving LEED certification, and over 95% holding the higher designations of LEED Gold or Platinum. This dedication to environmental responsibility is a key aspect of its business model, appealing to a growing segment of environmentally conscious tenants and investors. The company's integrated approach encompasses property management, leasing, and development, allowing for comprehensive control and value creation across its diverse real estate holdings. Vornado's market position is underpinned by its ownership of iconic properties in highly desirable urban locations, catering to a sophisticated tenant base.