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Exhibit Index on Page 4
As filed with the Securities and Exchange Commission on May 22, 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) MAY 7, 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 May 7, 1997, Vornado Realty Trust (the "Company"), a real
estate investment trust organized under the laws of the state of Maryland,
closed its acquisition of a mortgage note from a consortium of banks led by The
Sumitomo Trust & Banking Co., Ltd., New York Branch (the "Bank"). The purchase
price of the mortgage note was approximately $185 million and was arrived at by
arms-length negotiations between the Company and the Bank. The Company financed
the purchase of the mortgage note from its existing cash. The mortgage note,
which is in default, has a face value of $193 million. The mortgage note is
secured by 90 Park Avenue, a midtown Manhattan office building containing
approximately 875,000 square feet. A copy of the Company's press release
relating to the acquisition of the mortgage 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 May 7, 1997, of Vornado Realty
Trust, announcing the acquisition of a mortgage note
for $185 million.
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: May 22, 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 May 7, 1997, of Vornado
Realty Trust, announcing the acquisition of
of a mortgage note for $185 million. 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 - MAY 7, 1997
SADDLE BROOK, NEW JERSEY.......VORNADO REALTY TRUST (NYSE:VNO)
announced today that it closed its previously announced acquisition of a
mortgage note for $185 million. The mortgage note is secured by 90 Park Avenue,
a midtown Manhattan office building containing approximately 875,000 square
feet.
Vornado Realty Trust is a fully-integrated equity real estate investment
trust.
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