Vornado Realty Trust, Paramus, N.J., has announced the pricing of a public offering of 7 million shares of perpetual 6.625% series I cumulative redeemable preferred stock at $25 per share.The joint book-running managers for the offering are Morgan Stanley, UBS Investment Bank, and Merrill Lynch & Co. Vornado, a real estate investment trust, said it has granted the underwriters an option to buy up to 1.05 million additional preferred shares to cover any overallotments. The REIT can be found on the Web at http://www.vno.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