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Exhibit Index on Page 4
As filed with the Securities and Exchange Commission on June 11, 1998
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 2, 1998
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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ITEMS 1-4. NOT APPLICABLE
ITEM 5. On June 2, 1998 Vornado Realty Trust ("Vornado") entered into
an agreement to acquire the leasehold interest in 888 Seventh
Avenue, a 46 story office building containing approximately
847,000 square feet located in midtown Manhattan and
simultaneously has acquired 40 Fulton Street, a 29 story
office building containing approximately 234,000 square feet
located in downtown Manhattan. The aggregate consideration
for both buildings is approximately $154.5 million.
The acquisition of 888 Seventh Avenue is expected to be
completed not later than the third quarter of 1999 in
conjunction with other unrelated transactions to be effected
by the seller, and is subject to customary closing conditions.
The completed transaction was arrived at through an arms-
length negotiation and was consummated through a subsidiary of
Vornado Realty L.P., a limited partnership of which Vornado
owns 91.2% at May 31, 1998 and is the sole general partner.
ITEM 6. NOT APPLICABLE
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
EXHIBIT NO. EXHIBIT
99.1 Press release dated June 2, 1998, of Vornado Realty Trust,
announcing the completion of its acquisition of 40 Fulton
Street and the agreement to acquire the leasehold interest in
888 Seventh Avenue.
ITEM 7A. NOT APPLICABLE.
ITEM 8-9. 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: June 11, 1998 /s/ Irwin Goldberg
--------------------------
IRWIN GOLDBERG
Vice President,
Chief Financial Officer
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INDEX TO EXHIBITS
PAGE
EXHIBIT NO. EXHIBIT REFERENCE
99.1 Press release dated June 2, 1998, of Vornado Realty
Trust, announcing the completion of its acquisition of 40
Fulton Street and the agreement to acquire the leasehold
interest in 888 Seventh Avenue .......................................5
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EXHIBIT 99.1
CONTACT: JOSEPH MACNOW
(201) 587-1000
Park 80 West, Plaza II
Saddle Brook, New Jersey 07663
FOR IMMEDIATE RELEASE - June 2, 1998
SADDLE BROOK, NEW JERSEY.......VORNADO REALTY TRUST (NYSE:VNO) today
announced it has entered into an agreement to acquire the leasehold interest in
888 Seventh Avenue, a 46 story office building containing approximately 847,000
square feet located in midtown Manhattan, and simultaneously has acquired 40
Fulton Street, a 29 story office building containing approximately 234,000
square feet located in downtown Manhattan. The aggregate consideration for both
buildings is approximately $154.5 million.
The acquisition of 888 Seventh Avenue is expected to be completed not
later than the third quarter of 1999 in conjunction with other unrelated
transactions to be effected by the seller, and is subject to customary closing
conditions.
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.
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