Since becoming a REIT in 1994, Mack-Cali has invested over $4 billion in acquiring office buildings, multi-family residential communities, and operating companies. The Company continues to pursue strategic opportunities to acquire and develop properties and grow its presence in key Northeast and Mid-Atlantic markets.
Mack-Cali's acquisitions are characterized by premier-quality, class A office and multi-family residential assets. Shown is Marbella, a 40-story luxury high rise apartment building, located in Jersey City, acquired in 2012.
If you are interested in selling an office property, multi-family residential 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.
For more information on selling your property, please review the information below on UPREIT transactions and contact Mack-Cali's acquisitions department at 732.590.1000.
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.
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