PARAMUS, NJ-Vornado Realty Trust's investment in Toys R Us cost the REIT $34 million in the third quarter.
Vornado owns the retailer with Bain Capital and KKR. The retailer posted a $113 million net loss in its fiscal second quarter. The three owners took Toys R Us private in 2005.
Vornado executives have repeatedly stated that they wish to sell their investment in Toys R Us as soon as possible, according to The Record.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
