Fact Sheet

Aug. 18, 2004

What: Merchandise Mart Properties, Inc. (MMPI) – High Point, N.C.

Where: High Point, N.C., home to the world’s largest and most prestigious wholesale furnishings market, the International Home Furnishings Market.® Held twice each year in April and October, the seven-day Market encompasses a total of 11.5 million square feet.

When: The upcoming Market will be held Oct. 14-20, 2004.

Who: The International Home Furnishings Market attracts 80,000 attendees from more than 60 channels of distribution, including home furnishings dealers, department stores, specialty stores, catalog companies, discount/mass merchandisers and regional chain stores.

Contact: Merchandise Mart Properties, Inc. – High Point

305 West High Street

Web site: www.merchandisemart.com (click on “High Point”)

October Market

Special Events: Courtyard Concerts

The International Home Furnishings Market is a registered trademark of the International Home Furnishings Marketing Association.

Merchandise Mart Properties, Inc. (MMPI) is a trade show and property management firm, specializing in managing buildings devoted to wholesale showrooms and commercial office space. MMPI produces more than 300 trade shows, market events and conferences each year.

MMPI manages The Merchandise Mart, Chicago Apparel Center, and 33 North Dearborn in Chicago; Market Square, the Suites at Market Square, Hamilton Market, Plaza Suites, Furniture Plaza and the National Furniture Mart in High Point, N.C.; the Architects & Designers Building in New York; the L.A. Mart in Los Angeles; and the Washington Design Center and Washington Office Center in Washington, D.C.

Vornado Realty Trust, owner of MMPI, based in New York City, is a fully integrated equity real estate investment trust. Vornado’s common shares are listed on the New York Stock Exchange and are traded under the symbol VNO.

MEDIA INQUIRIES ONLY:

Joanna Mineau

Director of Public Relations

Merchandise Mart Properties, Inc.

312.527.7074

jmineau@mmart.com

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