Vornado Realty Trust (VNO) may soon look to dispose of its J.C. Penny and Lexingto Realty Trust holdings, in a move that would simplify the real estate investment trusts’s non-core holdings said Fitch Ratings.

The ratings agency said that the Sept.13 announcement that Steven Roth and Clifford Broser had resigned from the boards of J.C. Penney Company, Inc. and Lexington Realty Trust gives some indication that the VNO wants to rid itself of both holdings, sooner than later.

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