Registered as a real estate investment trust (REIT) firm, Mack-Cali Realty Corp is considered as one of the largest companies in the industry. The business has a market capitalization of more than $3.9 billion and owns, manages, develops and acquires class A real estate properties across the country. The company is traded publicly on the New York Stock Exchange and markets its common shares using the ticker symbol CLI.
It is in Edison, New Jersey that the company holds its corporate office. As of June 2015, the company has more than 270 properties across New Jersey and the Northeast region. The main focus of the company are commercial real estate establishments, but the business is slowly expanding its reach in the market of multi-family residential properties. They have a total of 30.4 million square feet of leasable commercial space and they are slowly expanding their 19 properties in the multi-family rental category. In total, these residential properties have more than 5,700 residential units.
The strong financial performance of the company remains to be one of the highlights of the business that draw in more investors for the business. Its class A properties also remain to be one of the marketable features of the company. These properties are energy efficient establishments and a handful of these assets has already achieved Leadership in Energy and Environmental Design (LEED). This certification is given by the U.S. Green Building Council.
For its expertise in managing numerous properties and for maintaining its class A standards, Mack-Cali Realty Corporation received various citations and awards from several entities. The business was heralded as part of the “Top Public Real Estate Companies” by Crain’s New York Business and was awarded by the New Jersey Law Journal the “Best Commercial Real Estate Provider – Gold Level.”
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