Steven Borenstein

(Steven J. Borenstein)

Vornado Realty Trust

Owner

Vornado Realty Trust NYC portfolio

$16.5 billion* – office 51%, condo 29%, retail 8%; Manhattan 98%

6th largest portfolio by dollar value

18,950,851 sqft – office 63%, condo 18%, retail 9%;

10th largest by SF

65 properties – Manhattan 93%, Bronx 3%, Queens 3%

124th largest

25 residential units – Manhattan 100%

2973th largest by residential units

0 foreclosures, 1 bankruptcy, 15 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $40 million

Seller signatory: 6 for $526.1 million

Borrower signatory: 6 for $1.7 billion

Top Ten Associated Companies:

Reuben Brothers (7), Morgan Stanley (2), Landesbank Baden-Wurttemberg (2), Goldman Sachs (2), Bank of Montreal (2), KPG Funds (2), LaSalle Investment Management (2), RBC Real Estate Capital Partners (1), Clipper Equity (1), Nalcorp (1)

Top Ten Associated People:

Eric S. Orenstein (4), Gregory Kraut (2), Eileen Sawyer (2), David Bistricer (1), Brandon Atkins (1), Stuart Zlotolow (1), Kristin Sansone (1), Michael Birajiclian (1), Sid Shrivastava (1), David Werner (1)

Recent activity as signatory:

• Vornado Realty Trust borrowed $450 million from Goldman Sachs, Bank of America and Bank of Montreal for 1535 Broadway and 1535 Broadway, Times Square, Manhattan on April 14, 2025.

• Vornado Realty Trust sold 660 Fifth Avenue, Midtown West, Manhattan for $355 million to UNIQLO Co. on January 08, 2025.

• Vornado Realty Trust borrowed $400 million from Deutsche Bank, JPMorgan Chase and Wells Fargo for 151 East 58th Street and 151 East 58th Street, Midtown East, Manhattan on September 30, 2024.

• Vornado Realty Trust borrowed $300 million from Morgan Stanley, Goldman Sachs and Bank of Montreal for 640 5th Avenue, 650 5th Avenue, and 6 West 52nd Street, Midtown West, Manhattan on June 10, 2024.

• Vornado Realty Trust borrowed $75 million from Landesbank Baden-Wurttemberg for 433 7th Avenue, Penn Plaza, Manhattan on April 09, 2024.

• Vornado Realty Trust, Blackstone Group and Hudson Pacific Properties borrowed $123.2 million from RBC Real Estate Capital Partners for 755 12th Avenue and N/A West 54th Street, Hell’s Kitchen, Manhattan on August 28, 2023.

• Vornado Realty Trust sold 510 5th Avenue, Midtown West, Manhattan for $50 million to Reuben Brothers on August 10, 2023.

• Vornado Realty Trust sold 443 Broadway, Little Italy, Manhattan for $20 million to Reuben Brothers on August 10, 2023.

• Vornado Realty Trust sold 150 Spring Street and 148 Spring Street, SoHo, Manhattan for $15 million to Reuben Brothers on August 10, 2023.

• Vornado Realty Trust sold 692 Broadway, 692 Broadway, 692 Broadway, 692 Broadway, and 692 Broadway, NoHo, Manhattan for $15 million to Reuben Brothers on August 10, 2023.