Standard & Poor's has announced that Vornado Realty Trust, a New York-based real estate investment trust, will replace SunGard Data Systems Inc. in its benchmark S&P 500 Index after the close of trading on a date to be announced.The reason for the change is that SunGard is being bought out by a private equity consortium. Vornado owns a diverse group of properties, including retail properties in the Northeast and office buildings in New York City, as well as interests in Alexander's Inc. and a cold-storage company, S&P said. S&P can be found on the Web at http://www.standardandpoors.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry