JERSEY CITY, N.J., June 14, 2021 /PRNewswire/ -- Mack-Cali
Realty Corporation (NYSE: CLI) announces the appointment of
Victor B. MacFarlane, to its Board
of Directors ("the Board"), effective as of June 9, 2021. Mr. MacFarlane will serve as a
member of the Audit Committee and the Compensation Committee. Mr.
MacFarlane has over 40 years of real estate experience across
property development, acquisitions, asset management and portfolio
management and is the Chairman and Chief Executive Officer of
MacFarlane Partners, a real estate investment management and
development firm he founded in 1987.
"We are very excited to add a seasoned real estate investor and
industry leader like Victor to our Board," said Board Chair,
Tammy K. Jones. "Victor has an
extensive track record of owning, developing and managing
innovative commercial, multifamily and urban real estate
projects. We look forward to benefitting from his wealth of
investment and industry knowledge as we further refine our strategy
and identify opportunities to unlock value for our shareholders and
stakeholders."
"Mack-Cali is a company with a
dedicated team, strong collection of assets, and most importantly,
tremendous future potential," added Mr. MacFarlane. "I am excited
to join the Board at this pivotal point in the company's strategic
transformation and work closely with my fellow directors as we
chart the best path forward to tap into this potential and drive
value."
Under Mr. MacFarlane's leadership, MacFarlane Partners pioneered
the urban investment concept and today is an industry leader in
urban/smart-growth development. Through its urban real estate
program, the firm has invested in $13
billion of properties since 1996, totaling eight million
square feet of commercial space and 15,000 multifamily housing
units in major markets nationwide.
In 1996, Mr. MacFarlane sold his firm's $2 billion core separate-account investment
management business to GE Capital, after which he served as Chief
Executive Officer of GE Capital Investment Advisors for three
years. Mr. MacFarlane serves on the boards of directors of Site
Centers Corp., Overland Tandberg and the Real Estate Executive
Council; the advisory board of the Robert Toigo Foundation; and the
board of advisors for the UCLA School of Law.
He is a past recipient of a Distinguished Business Leadership
Award from the USC School of
Architecture; a Lifetime Achievement Award and the 2008 Executive
of the Year Award from the Greater Los Angeles African American
Chamber of Commerce; the National Inner City Economic Leadership
Award from the Initiative for a Competitive Inner City; the
Trailblazer Achievement Award from the Global Diversity Summit, and
a Distinguished Alumni Award from the Joseph M. Katz Graduate School of Business at the University of
Pittsburgh.
About Mack-Cali Realty Corporation
One of the country's leading real estate investment trusts
(REITs), Mack-Cali Realty Corporation is an owner, manager and
developer of premier office and multifamily properties in select
waterfront and transit-oriented markets throughout New Jersey. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary
behind the city's flourishing waterfront, where the company is
leading development, improvement, and place-making initiatives for
Harborside, a master-planned destination comprised of class A
office, luxury apartments, diverse retail and restaurants, and
public spaces.
A fully integrated and self-managed company, Mack-Cali has provided world-class management,
leasing, and development services throughout New Jersey and the surrounding region for over
two decades. By regularly investing in its properties and
innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants
and residents to reimagine the way they work and live.
For more information on Mack-Cali Realty Corporation and its
properties, visit https://www.mack-cali.com/.
Forward-Looking Statements
Statements made in this communication may be forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements can be
identified by the use of words such as "may," "will," "plan,"
"potential," "projected," "should," "expect," "anticipate,"
"estimate," "target," "continue," or comparable terminology. Such
forward-looking statements are inherently subject to certain risks,
trends and uncertainties, many of which the Company cannot predict
with accuracy and some of which the Company might not even
anticipate and involve factors that may cause actual results to
differ materially from those projected or suggested. Readers are
cautioned not to place undue reliance on these forward-looking
statements and are advised to consider the factors listed above
together with the additional factors under the heading "Disclosure
Regarding Forward-Looking Statements" and "Risk Factors" in the
Company's Annual Report on Form 10-K, as may be supplemented or
amended by the Company's Quarterly Reports on Form 10-Q, which are
incorporated herein by reference. The Company assumes no obligation
to update or supplement forward-looking statements that become
untrue because of subsequent events, new information or otherwise,
except as required under applicable law.
Media Contact:
Amanda
Klein/Grace Cartwright
Gasthalter & Co.
212-257-4170
Mack-Cali@gasthalter.com
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SOURCE Mack-Cali Realty Corporation