While Vornado Realty Trust has proved quite successful in disposing of its retail properties, the REIT continues to see negative impact from its investments in non-traditional assets, in particular its stakes in struggling chains J.C. Penney and Toys ‘R’ Us. Last April, Vornado Chairman Steven Roth announced the firm would simplify its property portfolio by selling off enclosed regional malls, non-strategic and non-core strip centers and its share of Toys ‘R’ Us. ...
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