SPECIAL EVENTS ENTERTAIN BUYERS AT THE OCTOBER

INTERNATIONAL HOME FURNISHINGS MARKET® IN HIGH POINT, N.C., OCT. 20-26, 2005

HIGH POINT, N.C. (Aug. 19, 2005) — Merchandise Mart Properties, Inc. (MMPI) offers several special events during the International Home Furnishings Market® in High Point, N.C., Oct. 20-26, 2005. MMPI – manager of historic Market Square, the Suites at Market Square, Hamilton Market, Plaza Suites, Furniture Plaza and the National Furniture Mart – offers furniture retailers numerous opportunities to relax and network during the busy market.

MARKET SPECIAL EVENTS: THE HIGH POINTS AT HIGH POINT

Attendees are invited to participate in the following special events during the Fall Market:

Courtyard Concerts

Century Courtyard

Thursday–Saturday, Oct. 20-22

6–9 p.m.

Bluegrass Festival

Suites at Market Square

Thursday–Saturday, Oct. 20-22

4–7 p.m.

Historic Market Square Ground Level Breakfast

Market Square

Thursday–Sunday, Oct. 20-23

9:30 a.m.–10:30 a.m.

Historic Market Square Ground Level Daiquiri Party

Market Square

Thursday–Monday, Oct. 20-24

4–6 p.m.

Historic Market Square Mezzanine Party

Market Square

Thursday & Saturday, Oct. 20 & 22

4–6 p.m.

Historic Market Square Second-Floor Party

Market Square

Friday & Sunday, Oct. 21 & 23

4–6 p.m.

Suites at Market Square Party

Suites at Market Square

Thursday, Oct. 20

4–6 p.m.

The Home Accents Today Tent Party

Century Courtyard

Thursday, Oct. 20

6–8 p.m.

WithIT Courtyard Tent Party

Century Courtyard

Friday, Oct. 21

6 p.m.

Complimentary Buyer Lunch at Hamilton Market

Hamilton Market

Thursday–Sunday, Oct. 20-23

11:30 a.m.–1 p.m.

Complimentary Cocktails at Hamilton Market

Hamilton Market

Thursday–Sunday, Oct. 20-23

4–6 p.m.

Plaza Suites Brunch

Saturday, Oct. 22

10–11:30 a.m.

For more information, please visit www.merchandisemart.com or call 336.821.1500.

MMPI has created the High Point Event Planner, located within the High Point Web site, listing High Point social events during the market. Visit www.merchandisemart.com, click on the “High Point” link and then click on the “High Point Event Planner” link where all the Market’s exciting events are posted.

Save the dates for future International Home Furnishings Markets in High Point, N.C.:

• April 27-May 3, 2006

• Oct. 19-25, 2006

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, 350 West Mart 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 and 7 W New York 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

Managing Director of Public Relations

Merchandise Mart Properties, Inc.

Phone; 312.527.7074

Email: jmineau@mmart.com

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