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Mack-Cali Realty Corporation
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.
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