FOR IMMEDIATE RELEASE

THE CHICAGO GIFT & HOME MARKET ANNOUNCES 2006 DATES

CHICAGO (Aug. 10, 2005) – Merchandise Mart Properties, Inc. (MMPI) is pleased to announce the 2006 dates for the Chicago Gift & Home Market at The Merchandise Mart.

CHICAGO GIFT & HOME MARKET DATES

January Chicago Gift & Home Market

Jan. 18-25, 2006: Permanent Showrooms

Jan. 21-24, 2006: Temporary Exhibitors, including Beckman’s Handcrafted Gift Show Chicago

Spring Chicago Gift & Home Market

March 13-15, 2006: Permanent Showrooms

March 12-14, 2006: Housewares Show at McCormick Place

Chicago Gift & Home Sample Sale

May 2-3, 2006: Permanent Showrooms

July Chicago Gift & Home Market

July 19-26, 2006: Permanent Showrooms

July 22-25, 2006: Temporary Exhibitors, including Beckman’s Handcrafted Gift Show Chicago

Fall Chicago Gift & Home Market

Sept. 14-16, 2006: Permanent Showrooms

(in conjunction with the International Casual Furniture & Accessories Market, Sept. 14-17)

Chicago Gift & Home Sample Sale

Nov. 7-8, 2006: Permanent Showrooms

For more information on Merchandise Mart Properties, Inc. (MMPI) or the 2006 Chicago Gift & Home Market, please visit www.merchandisemart.com or call 800.677.6278 (MART).

MEDIA INQUIRIES ONLY:

Nicole Serr Joanna Mineau

Public Relations Account Executive Managing Director of Public Relations

Merchandise Mart Properties, Inc. Merchandise Mart Properties, Inc.

Phone: 312.527.7841 Phone: 312.527.7074

E-mail: nserr@mmart.com E-mail: jmineau@mmart.com

The Chicago Gift & Home Market is a trademark of Merchandise Mart Properties, Inc. (MMPI). Beckman’s Handcrafted Gift Show is a registered trademark of MMPI. The International Casual Furniture & Accessories Market is a trademark of MMPI.

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, 350 W. Mart Center and 33 North Dearborn in Chicago; Market Square, the Suites at Market Square, Hamilton Market, Plaza Suites, Furniture Plaza ad the National Furniture Mart in High Point, N.C.; the Architects & Designers Building and 7 W New York 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 real estate investment trust. Vornado’s common shares are listed on the New York Stock Exchange and are traded under the symbol VNO.

###