Vornado Realty Trust has sold $660 million of 10-year mortgage notes in a single-issuer securitization. The notes, offered through a subsidiary, consisted of a $600 million fixed-rate and a $60 million variable-rate component and are cross-collateralized by 40 strip shopping centers in the Mid-Atlantic states.
Vornado Offers $660 Mln In Single-Issuer Securitization