Alexander's Inc is incorporated in Delaware. It is a real estate investment trust, engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area, namely 731 Lexington Avenue, Rego Park I, Rego Park II, Paramus, and Flushing. The Company is managed by, and its properties are leased and developed by, Vornado Realty Trust. It competes with a large number of property owners and developers. The Company's operations and properties are subject to various federal, state and local laws and regulations concerning the protection of the environment including air and water quality, hazardous or toxic substances and health and safety.