Mack-Cali Realty Corporation is a leading real estate investment trust (REIT), with a total market capitalization of approximately $4.9 billion at 3/31/04. The company owns and manages approximately 30 million square feet of class A office and office/flex properties, located primarily in the Northeast, serving approximately 2,100 tenants. As of 3/31/04, Mack-Cali's portfolio was 91.1% leased.
Mack-Cali's strategy is to focus its growth in high-barrier-to-entry markets in the Northeast and Mid-Atlantic regions. The Company intends to capitalize on its experienced management team, premier office properties, strong operating infrastructure, and powerful balance sheet to pursue opportunities consistent with this strategy, and to continue to build value for shareholders.
