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Vornado Realty Trust Announces Agreement To Sell LNR Property LLC


Thursday, 24 Jan 2013 09:32am EST 

Vornado Realty Trust announced that LNR Property LLC, has entered into a definitive agreement to be sold. Vornado, which owns 26.2%, expects to receive net proceeds of approximately $241 million. The transaction is expected to close in the second quarter of 2013, subject to customary closing conditions. The sellers were advised by Lazard in this transaction. 

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