Vornado Realty Trust is a real estate investment trust that owns a portfolio of premier assets, with a primary focus on office and high-street retail properties. The company's holdings are concentrated in New York City, particularly within major Manhattan submarkets such as the Penn District, Times Square, and Midtown. In addition to its significant New York presence, Vornado owns iconic assets in other major U.S. cities, including THE MART in Chicago and 555 California Street in San Francisco. A key component of Vornado's strategy involves the active development and redevelopment of its properties, most notably its large-scale, multi-phase transformation of the Penn District surrounding Pennsylvania Station.
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