| 08.07.2009 - Vornado said to seek $1 bln for distressed real estate |
| From Bloomberg: Vornado Realty Trust, the third- biggest U.S. real estate investment trust by market value, is trying to raise $1 billion to invest in real estate assets, according to a person with knowledge of the fundraising. Property investors including REITs are raising money from stock investors and through private funds to take advantage of falling real estate prices as debt financing becomes scarce..........Full Article: Source |