Brendan Byrne, Esq.
Former Governor of New Jersey, Senior Partner,
Carella, Byrne, Bain, Gilfillan,
Cecchi, Stewart & Olstein, Counselors-at-Law

Angelo R. Cali
Cali Realty Corporation

John J. Cali
Chairman, Cali Realty Corporation

Kenneth A. DeGhetto
Former Chairman of the Board, Foster Wheeler Corporation,
Director of Foster Wheeler Corporation

Dr. James W. Hughes
Dean, Edward J. Bloustein School of Planning and
Public Policy, Rutgers University

Edward Leshowitz
Cali Realty Corporation

Dr. Irvin D. Reid
President, Montclair State University

Thomas A. Rizk
President and Chief Executive Officer

Alan Turtletaub
Chairman, The Money Store

Robert F. Weinberg
Co-founder and former Chairman of Robert Martin Company


EXECUTIVE OFFICERS

Thomas A. Rizk
President, Chief Executive Officer and Director

Brant B. Cali
Chief Operating Officer

John R. Cali
Chief Administrative Officer and Head of Acquisitions

Brad W. Berger
Executive Vice President

Timothy M. Jones
Executive Vice President

Barry Lefkowitz
Chief Financial Officer

Roger W. Thomas
General Counsel

James G. Nugent
Vice President - Leasing

Albert Spring
Vice President - Operations


EXECUTIVE OFFICES

11 Commerce Drive
Cranford, New Jersey 07016
(908) 272-8000


INDEPENDENT ACCOUNTANTS

Price Waterhouse LLP
1177 Avenue of the Americas
New York, New York 10036
(212) 596-7000


TRANSFER AGENT AND REGISTRAR

ChaseMellon Shareholder Services, L.L.C.
P.O. Box 590
Ridgefield Park, New Jersey 07660
(800) 851-9677


STOCK LISTING

New York Stock Exchange (CLI)

The quarterly high and low sales prices for the shares during 1996 were:

                    High            Low 
 _____________________________________________ 
   
First Quarter	     $23.625	     $20.750
Second Quarter	     $24.625	     $21.500
Third Quarter	     $27.125	     $22.625
Fourth Quarter	     $30.875	     $26.125

==============================================
The dividend for stockholders for the same period was $1.75.
As of January 6, 1997, the number of stockholders of record was 244.