Vornado Realty Trust

Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Vornado conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a limited partnership (the Operating Partnership). As of December 31, 2011, the Company was the sole general partner of, and owned approximately 93.5% of the common limited partnership interest in the Operating Partnership. Vornado operates in five business segments: New York Office Properties, Washington, DC Office Properties, Retail Properties, Merchandise Mart Properties and Toys R Us (Toys). In January 2012, the Company sold 350 West Mart Center. On December 23, 2011, the Company acquired 97.5% interest in 1399 New York Avenue. During the year ended December 31, 2011, the Company acquired a 49.5% interest in the property from the Kushner Companies. On January 12, 2011, it sold 1140 Connecticut Avenue and 1227 25th Street in Washington, DC.