Cali's portfolio is 96% leased to a

diversified tenant base of over 1,100 businesses

"Our tenants are our customers. We work hard to provide them with a comfortable environment to efficiently run their their businesses" Brant Cali Chief Operating Officer

The strength of Cali Realty Corporation's property portfolio is the result of its first-rate assets, superior property management and the strong markets in which they exist. This strength, in addition to the properties' excellent highway access and aesthetic surroundings, has enabled the Company to consistently attract top-quality tenants and maintain high tenant renewal and occupancy rates. At year-end 1996, Cali's portfolio was 96% leased to a diversified tenant base of over 500 businesses. With the Robert Martin transaction, the portfolio increased to 1,100 tenants and maintained its 96% occupancy rate. Cali's tenants range from small one-person offices to large companies occupying entire buildings, with the majority of tenants holding leases under 10,000 square feet. Cali prides itself on providing top-notch, responsive services to all its tenants. The Company employs on-site managers who are responsible for the buildings' day-to-day operations and ongoing maintenance. In addition, Cali, as a full-service real estate company, is able to minimize costs by performing substantially all construction, leasing, management and tenant improvements on an "in-house" basis.