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Vornado Said to Raise Private Equity Fund

Vornado Realty Trust, the real estate investment trust, is gearing up to launch its own private equity fund to buy bargain-basement properties, according to The Wall Street Journal. The Paramus, N.J., company is meeting with investors, hoping to raise $1 billion for its venture, tentatively called Vornado Capital Partners LP, according to The Journal, which cited [...]
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