Steven Roth Offers To Resign From REIT Board After Losing Shareholder Vote

One of the giants of the real estate world has offered to resign his seat as the chairman of the board of one of the publicly traded real estate investment trusts he helped found.
A majority of JBG Smith’s shareholders voted Thursday to remove Vornado CEO Steven Roth from the REIT’s Board of Trustees. 
The vote came at the REIT’s annual meeting and was revealed Friday afternoon in a Securities and Exchange Commission filing. The filing said Roth offered to resign from the board following the vote, in accordance with the company’s governance rules.
Of the roughly 119 million shareholder votes, 28.8 million voted for Roth while 90.7…

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