BUYERS TO EXPLORE NEW RUG PRODUCT INTRODUCTIONS AT THE OCTOBER 2005 INTERNATIONAL HOME FURNISHINGS MARKET® IN HIGH POINT, N.C., OCT. 20-26

HIGH POINT (Sept. 15, 2005) – Retailers attending the International Home Furnishings Market® in High Point, N.C., Oct. 20-26, 2005, will find a multitude of new rug product introductions in the world’s home furnishings capital.

“Market Square is the literal showcase of the latest in area rugs. It's a must-shop for every retailer," said Tom Mitchell, senior vice president, High Point, Merchandise Mart Properties, Inc. (MMPI).

The following is a sample of new rug products that will debut in October:

Building: Market Square, 123

Building: Suites at Market Square, booth # M-946

Building: Suites at Market Square, booth #G-105

Building: Market Square, #M-57

Building: Suites at Market Square, booth #G-1332

Building: Plaza Suites, booth #2-405

NEW PRODUCT IMAGES AVAILABLE TO THE MEDIA!

Several high-resolution new product images are available to the media in alphabetical order by company name. To download images, please visit ftp://logs.mmart.com/High_Point/, which is an FTP site specifically designed for the media’s ease and convenience. The user name is MMPIguest and the password is PR0905.

For more information, please visit www.merchandisemart.com or call 336.821.1500. Save the dates for future International Home Furnishings Markets in High Point, N.C.:

• April 27-May 3, 2006

• Oct. 19-25, 2006

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, 350 West Mart 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 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 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 CONTACT ONLY:

Jackie Paulsen, Director of Public Relations

Merchandise Mart Properties, Inc.

Phone: 312-527-7555

E-mail: jpaulsen@mmart.com

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