Vornado Announces Agreement to Sell LNR Property LLC
Vornado's Share to be $241 Million

PARAMUS, NEW JERSEY.….Vornado Realty Trust (NYSE:VNO) announced today that LNR Property LLC, has entered into a definitive agreement to be sold.  Vornado, which owns 26.2%, expects to receive net proceeds of approximately $241 million.  The transaction is expected to close in the second quarter of 2013, subject to customary closing conditions.  The sellers were advised by Lazard in this transaction. 

Vornado Realty Trust is a fully integrated equity real estate investment trust.

distributed by