The Right REITs for Growth and Yield: East Coast, West Coast, Upscale, Downscale .

Real estate investment trusts have been out of favor recently as investors assess the impact of rising interest rates on the sector. is simple: the REIT's portfolio consists of a unique and unrivaled collection of real estate properties in New York City. Vornado is as close as it gets to being a pure-play New York City real estate company, deriving 89% of its operating profit within some of the scarcest and most valuable submarkets in the world.