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Exhibit Index on Page 4
As filed with the Securities and Exchange Commission on July 8, 1997
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) JUNE 27, 1997
Commission File Number: 1-11954
VORNADO REALTY TRUST
(Exact name of registrant as specified in its charter)
MARYLAND 22-1657560
(State or other jurisdiction of incorporation) (I.R.S. Employer
Identification Number)
PARK 80 WEST, PLAZA II, SADDLE BROOK, NEW JERSEY 07663
(Address of principal executive offices) (Zip Code)
(201)587-1000
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Item 1. Not Applicable.
Item 2. Acquisition or Disposition of Assets.
On June 27, 1997, Vornado Realty Trust acquired for approximately
$26,000,000 four properties previously owned by affiliates of the Riese
Organization. These properties are located in midtown Manhattan, New York.
Vornado also made a $41,000,000 mortgage loan to Riese Affiliates cross
collateralized by ten other Manhattan properties. This increasing rate loan
bears an initial interest rate of 9.75% and has a five year term. The above
transactions were arrived at through arms-length negotiations. The acquisition
and the related mortgage loan were consummated through a subsidiary of Vornado
Realty L.P., a limited partnership of which Vornado Realty Trust owns 90.4% and
is the sole general partner. A copy of Vornado Realty Trust's press release
relating to these transactions is attached hereto as an exhibit and is
incorporated herein by reference.
Items 3-6. Not Applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) (b) Not Applicable.
(c) Exhibits.
Exhibit No. Exhibit
99.1 Press Release, dated June 30, 1997, of Vornado Realty Trust,
announcing the acquisition of four properties and a related
mortgage loan.
Item 8. Not Applicable.
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VORNADO REALTY TRUST
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VORNADO REALTY TRUST
(Registrant)
Date: July 8, 1997 /s/ Joseph Macnow
-----------------------
JOSEPH MACNOW
Vice President,
Chief Financial Officer
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit No. Exhibit Page
- ----------- ------- ----
<S> <C> <C>
99.1 Press Release, dated June 30, 1997,
of Vornado Realty Trust, announcing
the acquisition of four properties
and a related mortgage loan. 5
</TABLE>
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EXHIBIT 99.1
VORNADO REALTY TRUST
Park 80 West, Plaza II
Saddle Brook, New Jersey 07663
FOR IMMEDIATE RELEASE - JUNE 30, 1997
SADDLE BROOK, NEW JERSEY.......VORNADO REALTY TRUST (NYSE:VNO) today
announced a transaction in which it is acquiring for approximately $26 million
four properties previously owned by affiliates of the Riese Organization. These
properties are located in midtown Manhattan.
Vornado is also making a $41 million mortgage loan to Riese Affiliates
cross collateralized by ten other Manhattan properties. This five year
increasing rate loan bears an initial interest rate of 9.75%.
Vornado Realty Trust is a fully integrated equity real estate investment
trust.
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