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Press Release

Mack-Cali Realty Corporation Announces Third Quarter 2001 Earnings Call

Conference Call November 8, 2001 11:00 A.M. Eastern Time

Mack-Cali Realty Corporation (NYSE: CLI) will release its third quarter 2001 earnings results before the opening of the market on Thursday, November 8, 2001, and will also host a conference call with management at 11:00 a.m. Eastern Standard Time.

You may listen to the live conference call via the Internet by going to the Mack-Cali website at www.mack-cali.com and clicking on the link that is titled Third Quarter Earnings.

The live conference call is also accessible by dialing 719.457.2657 and identifying yourself as a participant on the Mack-Cali Realty third quarter earnings conference call.

It is recommended that you log on or dial in to the call approximately 10 minutes prior to the scheduled start time.

If you are unable to participate in the conference call at its scheduled time, a replay of the call will be available on Mack-Cali's website at www.mack-cali.com, from 2:00 p.m. EST on November 8, 2001 through midnight EST on November 15, 2001. A replay of the call will also be accessible during the same time by dialing 719.457.0820, and using the pass code, 680383.

If you have any questions, please contact the Investor Relations Department at 908.272.8000, extension 2484.

Barry Lefkowitz

Executive Vice President and Chief Financial Officer

Mack-Cali Realty Corporation

T: 732.590.1000

blefkowitz@mack-cali.com

or

Ilene Jablonski

Vice President of Marketing

Mack-Cali Realty Corporation

T: 732.590.1000

ijablonski@mack-cali.com

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