MMPI'S POPULAR SPECIAL EVENTS SPICE UP THE NIGHT LIFE DURING

THE INTERNATIONAL HOME FURNISHINGS MARKET® IN HIGH POINT, N.C., OCT. 14-20, 2004

HIGH POINT, N.C. (Aug. 18, 2004) — Merchandise Mart Properties, Inc. (MMPI) offers several special events during the International Home Furnishings Market® in High Point, N.C., Oct. 14-20, 2004. MMPI – managers 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 their busy market schedules.

“We are thrilled that during this market WithIT will be hosting another Courtyard Tent Party on Oct. 15," said Ann Richards, director of marketing, MMPI – High Point. "These outdoor events and concerts are becoming so popular and have become a great networking venue."

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. 14–16

6–9 p.m.

Bluegrass Festival

Suites at Market Square

Thursday–Saturday, Oct. 14–16

4–7 p.m.

Historic Market Square Ground Level Breakfast

Market Square

Thursday–Sunday, Oct. 14–17

8:30–9:30 a.m.

Historic Market Square Ground Level Daiquiri Party

Market Square

Thursday–Monday, Oct. 14–18

4–6 p.m.

Historic Market Square Mezzanine Party

Market Square

Thursday & Saturday, Oct. 14 & 16

4–6 p.m.

Historic Market Square Second-Floor Party

Market Square

Friday & Sunday, Oct. 15 & 17

4–6 p.m.

Historic Market Square and Suites at Market Square Party

Market Square/Suites at Market Square

Thursday, Oct. 14

4–6 p.m.

The Home Accents Today Tent Party

Century Courtyard

Thursday, Oct. 14

6–8 p.m.

WithIT Courtyard Tent Party

Century Courtyard

Friday, Oct. 15

6 p.m.

Complimentary Buyer Lunch at Hamilton Market

Hamilton Market

Thursday–Sunday, Oct. 14–17

11:30 a.m.–1 p.m.

Complimentary Cocktails at Hamilton Market

Hamilton Market

Thursday–Sunday, Oct. 14–17

4–6 p.m.

Plaza Suites Brunch

Saturday, Oct. 16

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 market. After visiting 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 14-20, 2005

• Oct. 20-26, 2005

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, Chicago Apparel 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 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

Director of Public Relations

Merchandise Mart Properties, Inc.

312.527.7074

jmineau@mmart.com

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