BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Vornado looks to raise $1 billion to invest in distressed properties]]>http://www.bloggingstocks.com/2009/07/09/vornado-looks-to-raise-1-billion-to-invest-in-distressed-proper/http://www.bloggingstocks.com/2009/07/09/vornado-looks-to-raise-1-billion-to-invest-in-distressed-proper/http://www.bloggingstocks.com/2009/07/09/vornado-looks-to-raise-1-billion-to-invest-in-distressed-proper/#commentsFiled under: , ,

Vornado Realty Trust (NYSE: VNO) has watched its share price get pummeled along with the rest of the commercial real estate sector. But its reasonably strong financial position has left it well-prepared to take advantage of others' weaknesses and get ready for a turnaround.

Now the company just needs some cash. Bloomberg reports that the REIT "is trying to raise $1 billion to invest in real estate assets, according to a person with knowledge of the fundraising."

Continue reading Vornado looks to raise $1 billion to invest in distressed properties

Vornado looks to raise $1 billion to invest in distressed properties originally appeared on BloggingStocks on Thu, 09 Jul 2009 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>distressed real estateinthenewsMarty CohenREITsVNOVornado Realty TrustThu, 09 Jul 2009 12:40:00 EST