Michael D.  Fascitelli net worth and biography

Michael Fascitelli Biography and Net Worth

Mr. Fascitelli has over 30 years’ experience of investing in real estate and is the co-founder and managing partner of Imperial Companies LLC, a real estate investment, development and management company focused on investing in premium office, urban retail, residential and mixed-use real estate located primarily in New York City and other select U.S. gateway cities, which he co-founded in 2014. Mr. Fascitelli joined Goldman, Sachs & Co. in the Real Estate department in 1985, becoming a partner and head of Goldman Sachs’ real estate banking business in 1992. He co-founded Goldman Sachs’ first Real Estate Opportunity Fund, Whitehall Real Estate Fund, in 1991 and served on its investment committee. In December 1996, he became president of Vornado Realty Trust, a publicly-traded REIT and one of the largest owners and managers of real estate in the United States, and was its chief executive officer from 2009 until April 2013. During his 16-year tenure, Vornado achieved total returns of 4.2x the S&P 500 and 1.8x the NAREIT index, an increase in enterprise value from $1.2 billion to over $29 billion (CAGR of 21%), executed in excess of 150 separate transactions, including a variety of operating businesses and iconic real estate, primarily in New York City, and successfully established Vornado Capital Partners Fund I in 2010 worth $800 million. At the time Mr. Fascitelli left Vornado, it had a market cap of approximately $15 billion. Mr. Fascitelli has been a member of the Vornado Board of Trustees since December 1996. Mr. Fascitelli is a trustee and director of the Urban Land Institute, an independent trustee of Invitation Homes (formerly Starwood Waypoint Homes), an independent director of Sculptor Capital Management (formerly Och Ziff Capital Management) and is past chairman of the Zell/Lurie Real Estate Center at Wharton and still serves on its executive committee. He also serves as chair of the investment committee, senior advisor and board member of Quadro Partners Inc. (formerly Realcadre) and is on the board of the Child Mind Institute and The Rockefeller University Board of Trustees. Mr. Fascitelli’s extensive experience investing in real estate and leading public companies qualifies him to serve on our Board of Directors.

What is Michael D. Fascitelli's net worth?

The estimated net worth of Michael D. Fascitelli is at least $33.16 million as of December 21st, 2023. Fascitelli owns 1,306,546 shares of Vornado Realty Trust stock worth more than $33,160,137 as of April 16th. This net worth approximation does not reflect any other assets that Fascitelli may own. Learn More about Michael D. Fascitelli's net worth.

How do I contact Michael D. Fascitelli?

The corporate mailing address for Fascitelli and other Vornado Realty Trust executives is 888 SEVENTH AVE, NEW YORK NY, 10019. Vornado Realty Trust can also be reached via phone at (212) 894-7000. Learn More on Michael D. Fascitelli's contact information.

Has Michael D. Fascitelli been buying or selling shares of Vornado Realty Trust?

Michael D. Fascitelli has not been actively trading shares of Vornado Realty Trust over the course of the past ninety days. Most recently, Michael D. Fascitelli sold 262,945 shares of the business's stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $29.54, for a transaction totalling $7,767,395.30. Following the completion of the sale, the director now directly owns 1,306,546 shares of the company's stock, valued at $38,595,368.84. Learn More on Michael D. Fascitelli's trading history.

Who are Vornado Realty Trust's active insiders?

Vornado Realty Trust's insider roster includes Michael Fascitelli (Director), and Russell Wright, Jr. (Director). Learn More on Vornado Realty Trust's active insiders.

Are insiders buying or selling shares of Vornado Realty Trust?

In the last twelve months, Vornado Realty Trust insiders bought shares 4 times. They purchased a total of 25,341 shares worth more than $285,033.30. In the last twelve months, insiders at the real estate investment trust sold shares 2 times. They sold a total of 282,945 shares worth more than $8,328,195.30. The most recent insider tranaction occured on December, 21st when Director Michael D Fascitelli sold 262,945 shares worth more than $7,767,395.30. Insiders at Vornado Realty Trust own 8.0% of the company. Learn More about insider trades at Vornado Realty Trust.

Information on this page was last updated on 12/21/2023.

Michael D. Fascitelli Insider Trading History at Vornado Realty Trust

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
12/21/2023Sell262,945$29.54$7,767,395.301,306,546View SEC Filing Icon  
4/13/2022Sell119,100$41.97$4,998,627.001,100,451View SEC Filing Icon  
1/14/2019Sell126,074$64.23$8,097,733.02View SEC Filing Icon  
10/10/2014Sell400,000$101.39$40,556,000.00View SEC Filing Icon  
See Full Table

Michael D. Fascitelli Buying and Selling Activity at Vornado Realty Trust

This chart shows Michael D Fascitelli's buying and selling at Vornado Realty Trust by year and by quarter.

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Vornado Realty Trust Company Overview

Vornado Realty Trust logo
Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.
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Today's Range

Now: $25.38
Low: $25.00
High: $26.00

50 Day Range

MA: $26.57
Low: $24.71
High: $29.98

2 Week Range

Now: $25.38
Low: $12.31
High: $32.21

Volume

2,277,027 shs

Average Volume

2,299,639 shs

Market Capitalization

$4.83 billion

P/E Ratio

110.35

Dividend Yield

4.38%

Beta

1.57