VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a
$185 million financing of the unencumbered Universal buildings, a
690,000 square foot, two-building office complex located in Washington,
DC. The loan bears interest at LIBOR plus 1.90% and matures in 2019 with
two one-year extension options. The loan amortizes based on a 30-year
schedule beginning in the fourth year.
Vornado Realty Trust is a fully-integrated equity real estate investment
trust.
Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, risks associated with the timing of
and costs associated with property improvements, financing commitments
and general competitive factors.
Copyright Business Wire 2014