Vornado Realty Trust, which said it has more floating-rate debt than most commercial real estate landlords as interest rates head higher, completed four refinancing deals totaling $3.2 billion, including one for redeveloping a Manhattan landmark tower.
As Rates Climb, Here’s How Vornado Completed Four Refinancing Deals Totaling $3.2 Billion
Transactions Reduce New York REIT’s Floating-Rate Debt Exposure, Analyst Says
By Andria Cheng
CoStar News
July 6, 2022 | 9:43 P.M.
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IN THIS ARTICLE
- Properties
- Redstone Rocket Building
33-00 47th Ave, Long Island City, NY
- Companies
- Vornado Realty Trust
Real Estate