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                                                                    EXHIBIT 23.5

                         INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference into this Registration Statement on
Form S-8 of Vornado Realty Trust of our report dated March 20, 1998, with
respect to the consolidated balance sheets of Mendik Real Estate Limited
Partnership and consolidated venture as of December 31, 1997 and 1996, and the
related consolidated statements of operations, partners' capital (deficit), and
cash flows for each of the years in the three-year period ended December 31,
1997, which report is incorporated by reference in the Form 8-K of Vornado
Realty Trust, dated August 12, 1998 and filed with the Securities and Exchange
Commission on February 12, 1999.

/s/ KPMG LLP


Boston, Massachusetts
June 23, 1999