Vornado Realty Trust is a fully‑integrated real estate investment trust formed in 2008 and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. The Company operates in two segments including New York and Washington, DC. In New York the Company owns approximately 21.3 million square feet of Manhattan office space in 35 properties; 2.6 million square feet of Manhattan Street retail space in 65 properties; 1,711 units in eleven residential properties; 1,711 units in eleven residential properties; and seven properties in the greater New York metropolitan area, including 731 Lexington Avenue, the 1.3 million square foot Bloomberg, L.P. In Washington, DC the Company owns approximately 15.8 million square feet of office space in 57 properties; and 2,414 units in seven residential properties. The Company's other real estate and related investments includes approximately 3.6 million square foot Mart (theMart) in Chicago; three-building office complex in San Francisco's financial district aggregating 1.8 million square feet, known as the Bank of America Center; and other real estate and other investments. The Company competes with number of real estate 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.
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