Profile: Mack-Cali Realty Corp (CLI)
17 Jul 2019
Mack-Cali Realty Corporation, incorporated on May 24, 1994, together with its subsidiaries, is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties located in the Northeast. The Company operates in three segments: commercial and other real estate, multi-family real estate and multi-family services. Its commercial and other real estate provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. Its multi-family services business also provides similar services for third parties.
As of December 31, 2017, the Company owned 157 properties, consisting of 69 office and 70 flex properties, totaling approximately 17.7 million square feet, leased to approximately 900 commercial tenants and 18 multi-family rental properties containing 5,826 residential units, plus developable land. The Company’s properties are comprised of: 142 wholly-owned or Company-controlled properties consisting of 65 office buildings and 67 flex buildings aggregating approximately 17.1 million square feet and 10 multi-family properties totaling 2,551 apartments; and four office properties totaling approximately 0.5 million square feet, eight multi-family properties totaling 3,275 apartments, two retail properties totaling 81,700 square feet and a 350-room hotel. The Company focuses its operations, acquisition and development of office properties in barrier-to-entry markets and sub-markets.
Mack-Cali Realty Corp
Harborside 3, 210 Hudson St., St
JERSEY CITY NJ 07311