Acquisitions

Since becoming a REIT in 1994, Mack-Cali has invested over $4 billion in acquiring office buildings and operating companies. The Company continues to pursue strategic opportunities to acquire properties and grow its presence in key Northeast and Mid-Atlantic markets.

Mack-Cali's acquisitions are characterized by premier-quality, class A office assets. Shown is 125 Broad Street, a waterfront office tower acquired in 2007 and located in Downtown Manhattan.

Selling an Office Property

If you are interested in selling an office property or portfolio, consider Mack-Cali. The Company's UPREIT (umbrella partnership real estate investment trust) structure may offer you several tax advantages for your estate planning. By exchanging your assets for partnership units in Mack-Cali, you will be able to defer your tax liability on the sale of your property. In addition, you will diversify your holdings with a reputable partner who has strong expertise in real estate management and capital markets.

Mack-Cali pursues acquisitions meeting the following criteria:

Market focus: Suburban markets in the Northeast and Mid-Atlantic regions
Asset type: Multi-tenant, low-rise, class A office buildings over 100,000 square feet
Transaction size: Single office buildings over 100,000 square feet; or multi-building portfolios

For more information on selling your office property, please review the information below on UPREIT transactions and contact Mack-Cali's acquisitions department at 732.590.1000.

What is an UPREIT?

An UPREIT is a partnership controlled by a real estate investment trust (REIT), in which partnership units are shares of common stock in the REIT. An UPREIT transaction, therefore, enables commercial real estate owners to transfer ownership of their real estate assets to a more liquid and diversified form, without incurring capital gain tax liability.

UPREIT Benefits for Real Estate Owners?

Deferral of tax gain on sale of commercial properties
Potential conversion of illiquid long-term assets into liquid securities
Potential to recognize unrealized gains as earnings
Improved balance sheet
Improved cash position through margining of units
Income through distributions equal to common stock dividends
Diversification of real estate holdings

Ideal Real Estate Holdings for UPREIT Transactions

Family-owned properties with unresolved succession issues
Surplus property generated by consolidations
Properties with third-party tenants
Related-party properties
Long-term assets with very low basis

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