Mack-Cali Announces $150M Share Repurchase Program
Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Board of Directors has authorized a share repurchase program under which the Company may purchase up to $150 million of the Company's outstanding Common Stock. Purchases may be made from time to time in open market transactions or through privately negotiated transactions.
Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 276 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 32.2 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of over 2,000 tenants.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.