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 [...]
Hedge fund titan Bill Ackman, the CEO of Pershing Square, isn't the only one taking a bath on JCPenney's stock. Billionaire real estate mogul Steven Roth's real estate investment trust Vornado Realty is also a huge stakeholder. Vorn... Read Post
Vornado Realty Trust is looking to raise between $550 million and $600 million through a bond sale, The Wall Street Journal said, citing people familiar with the matter. Read Post