Vornado Realty Trust (Vornado) is a fully‑integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a Delaware limited partnership (the Operating Partnership). The Company is the sole general partner of, and owned approximately 94.0% of the common limited partnership interest in the Operating Partnership at December 31, 2013. The Company operates in the business segments: New York, Washington, DC, Retail Properties and Toys “R” Us (Toys). The Company’s other investment included Merchandise Mart, 555 California Street and Vornado Capital Partners Real Estate Fund. The Company is the general partner and investment manager of Vornado Capital Partners Real Estate Fund.