News Column

United States : Vornado Completes $185 Million Financing of Unencumbered Universal Buildings

August 13, 2014

VORNADO REALTY TRUST announced today that it has completed a $185 million financing of the unencumbered Universal buildings, a 690,000 square foot, two-building office complex located in Washington, DC. The loan bears interest at LIBOR plus 1.90% and matures in 2019 with two one-year extension options. The loan amortizes based on a 30-year schedule beginning in the fourth year.

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

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Source: TendersInfo (India)

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