is joining Developers Diversified Realty Wall Street Journal

The major owner of offices in the New York City and Washington, DC area and high-profile retail properties has about $440 million of debt maturing this year, $1.04 billion in 2010, $2.7 billion in 2011 and $3.2 billion in 2012, according to the Journal article, which wasn't able to get confirmation from a Vornado spokesperson. The paper says that the company's retail portfolio will be used as collateral in the offering.

Vornado, led by chairman Steven Roth and chief executive Michael Fascitelli, has a total debt leverage of 60%. Earlier this year, it raised $710 million in stock offerings. Click here to read the full Journal article.

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