In 1979, Interstate purchased an interest in Two Guys, a New Jersey discount appliance chain, and later gained control of its parent company Vornado, a former fan manufacturer that was purchased by Two Guys in 1959 to utilize its tax loss carryforwards. Roth dissolved the chain, turning the stores into strip malls. His efforts were very successful and Roth formed Vornado Realty Trust to hold the real estate.
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