Vornado/Charles E. Smith commercial realty is the largest commercial real estate organization in the Washington, DC metropolitan region–a leadership position evidenced by a combination of superior portfolio size, exceptional capabilities, high caliber projects and management services, financial strength, as well as recognition within the real estate industry.
In 2002, Smith became a division of Vornado Realty Trust (NYSE: VNO), the fourth largest REIT (Real Estate Investment Trust) in the U.S. Vornado is a fully integrated, publicly traded Real Estate Investment Trust with a total market capitalization in excess of $12 billion.
Vornado is the largest owner of office properties in both New York City and Washington, D.C. This focus, dominance and financial strength offers significant stability, operating efficiencies, depth of high caliber management talent and a commitment to continually enhancing our assets to sustain long-term value and support our core objectives of tenant service and satisfaction.
In Spring 2003, Vornado acquired the Washington, DC based real estate firm, The Kaempfer Company, and appointed Mitchell N. Schear, the former president of Kaempfer, as the new president of Vornado/Charles E. Smith commercial realty.
Smith’s integration with Kaempfer provided additional bench strength, development expertise and experience by developing very high quality, innovatively designed downtown buildings.