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                                                                   Exhibit 23


As independent public accountants, we hereby consent to the incorporation by
reference into the S-3 Registration Statements No. 333-40787 and No. 333-29013
of Vornado Realty Trust and Vornado Realty L.P. of our report dated April 8,
1998, on the combined statement of revenues and certain operating expenses of
The Merchandise Mart Group of Properties for the year ended December 31, 1997
which report appears in this Form 8-K/A and to all references to our Firm
included in those registration statements.

                                                         Arthur Andersen LLP

Chicago, Illinois
April 8, 1998