Vornado Completes $185 Million Financing of Unencumbered Universal Buildings

PARAMUS, N.J.--()--VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a $185 million financing of the unencumbered Universal buildings, a 690,000 square foot, two-building office complex located in Washington, DC. The loan bears interest at LIBOR plus 1.90% and matures in 2019 with two one-year extension options. The loan amortizes based on a 30-year schedule beginning in the fourth year.

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.

Contacts

Vornado Realty Trust
Stephen Theriot, 201-587-1000

Release Summary

Vornado Completes $185 Million Financing of Unencumbered Universal Buildings

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Contacts

Vornado Realty Trust
Stephen Theriot, 201-587-1000