EXHIBIT 99.1

CONTACT:  JOSEPH MACNOW
          (201) 587-1000

                                                     [VORNADO REALTY TRUST LOGO]
                                                          210 Route 4 East
                                                          Paramus, NJ 07652

FOR IMMEDIATE RELEASE - September 29, 2004


             VORNADO ANNOUNCES INVESTOR CONFERENCE AND LIVE WEBCAST

PARAMUS, NEW JERSEY.......VORNADO REALTY TRUST (New York Stock Exchange: VNO)
today announced that it will host an investor conference on October 5, 2004 at
2:00 P.M. EDT. The conference will be webcast live by Vornado Realty Trust and
the webcast and materials presented at the conference can be accessed at
Vornado's website www.vno.com. A replay of the conference will be available on
the website from October 6, 2004 through November 5, 2004.

To ensure your computer's compatibility, please go to the Webcast Registration
Page link to review the application viewing requirements. If your computer does
not meet system or software requirements, the following call-in number will be
available 888-481-3045, user passcode 102004.

Vornado Realty Trust is a fully-integrated equity real estate investment trust.

Certain statements contained or incorporated herein and in the investor
conference referred to in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of Vornado Realty Trust to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks associated
with the timing of and costs associated with property improvements, financing
commitments and general competitive factors.

More detailed information about these and other factors is set forth in
Vornado's Annual Report on Form 10-K for the fiscal year ended December 31, 2003
and in its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30,
2004. Vornado is under no obligation to, and expressly disclaims any such
obligation to, update or alter its forward-looking statements.

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