Cali Realty Corporation Files Shelf Registration Statement

07/30/1996 Category: Financial

CRANFORD, NJ--July 30, 1996--Cali Realty Corporation (NYSE:CLI) announced today that on July 29, 1996 it filed a shelf registration with the Securities and Exchange Commission (SEC) covering up to an aggregate of $500 million of its securities, including common stock, preferred stock and warrants.

Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing leasing, management, acquisition, development, construction, and tenant-related services for its portfolio. The Company owns 45 properties, primarily office and office/flex buildings, totaling approximately 4.6 million square feet. All the properties are located in New Jersey, New York and Pennsylvania.

By filing a shelf registration statement with the SEC, Cali Realty Corporation does not give an assurance that an offering under the statement will commence or that any securities will be issued. The securities covered by the registration statement may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. The announcement of the shelf registration filing shall not constitute an offer to sell or the solicitation of an offer to buy the securities described, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.