Cali Realty Corporation, the Mack Company and Patriot American Office Group Executive Bios

08/14/1997 Category: Acquisitions

Chief Executive Officer
Mack-Cali Realty Corporation

Cited by Commercial Property News as one of the real estate industry's fastest rising stars, Thomas A. Rizk, 40, will serve as Chief Executive Officer of Mack-Cali Realty Corporation. As President and Chief Executive Officer of Cali Realty Corporation, Mr. Rizk has established the Company's position as one of the fastest growing publicly traded real estate investment trusts (REIT) in the U.S. He led the family-owned partnership through its highly successful initial public offering in 1994, and under his direction the Company's original portfolio has grown from 13 properties totaling 2.3 million square feet to 130 properties totaling 12 million square feet.

During Mr. Rizk's tenure as President and CEO, Cali has gone from a total market capitalization of under $300 million to over $2.2 billion, completing over $1.2 billion in acquisitions while maintaining the Company's 48-year reputation for superior property management and tenant services.

Mr. Rizk joined Cali -- then Cali Associates -- as General Counsel in 1989 and rose to Chief Financial Officer in 1991, President in 1994, and President and CEO in 1996. Mr. Rizk currently serves as a member of Cali's Executive Committee and will continue to serve on the Executive Committee of the combined Mack-Cali.

Previously, Mr. Rizk was Vice President and General Counsel at Dubnoff & Koch, a New Jersey-based real estate development firm. As a practicing attorney, Mr. Rizk specialized in mergers and acquisitions, real estate and corporate law.

As a prominent real estate professional, Mr. Rizk is widely quoted in national and local business and real estate media, including The Wall Street Journal, The New York Times, The Financial Times, Commercial Property News, and CNBC. He is also a frequent speaker at real estate and capital market conferences.

Mr. Rizk received his J.D. degree from Rutgers University School of Law and his L.L.M. in taxation from the New York University School of Law. He is a member of the American Bar Association, New Jersey State Bar Association, National Association of Industrial and Office Properties, and National Association of Real Estate Investment Trusts.

Director and Chairman of the Executive Committee
Mack-Cali Realty Corporation

William L. Mack, 57, who will serve as a Director and Chairman of the Executive Committee of Mack-Cali Realty Corporation, is the third generation of his family involved in real estate in the tri-state area. Senior Managing Partner of The Mack Company since 1970, he is among the real estate industry's top deal-makers, investors and managers.

Under Mack's direction, The Mack Company pioneered the development of large, Class A office properties, and increased its portfolio to approximately 20 million square feet of office, industrial, retail and hotel facilities in New Jersey, New York, Pennsylvania, Texas, Florida and Arizona.

Mack also serves as Chairman of Patriot American Group and was instrumental in its formation in 1991. Subsequently, Patriot American sold its hotel properties to the public in 1995 as Patriot American Hospitality, Inc.

He is also a managing partner of Apollo Real Estate Advisors, L.P. The Apollo Real Estate Investment Funds have invested in approximately $5 billion of various diversified real estate ventures in the last four years. Mack also serves as a director of a number of other companies, including Vail Resorts, Inc., Metropolis Realty Trust and Koger Equity, Inc.

In addition to his real estate activities, Mr. Mack has been active in a variety of charitable and civic organizations. Currently, he is Chairman of the Wharton Undergraduate Executive Board at the University of Pennsylvania and a director of the New York State Urban Development Corporation. He is a past Chairman of the Jacob K. Javits Convention Center, the Long Island Power Authority and the Long Island Jewish Medical Center.

Mr. Mack attended the Wharton School of Business and Finance at the University of Pennsylvania, and received his B.S. in Business Administration--Finance and Real Estate from New York University.

President and Chief Operating Officer
Mack-Cali Realty Corporation

Mitchell Hersh will serve as President and Chief Operating Officer of Mack-Cali Realty Corporation. Mr. Hersh, 46, an architect by training, has been has been associated with The Mack Company for the last 23 years. He rose through the ranks of the Company and has been a partner for the last 15 years and Chief Operating Officer for the last seven.

Mr. Hersh has been responsible, along with William Mack, Senior Managing Partner, for overseeing the development, operations, leasing and acquisitions of the company's office and industrial portfolio. During Mr. Hersh's tenure, The Mack Company has been a major forerunner in suburban office and industrial development, developing over 12 million square feet of office and warehouse space in New Jersey, as well as 3 million square feet in Florida, Arizona and New York. Notable office developments include Mack Centre I in Rochelle Park, Mack Centre II in Paramus, and Kemble Plazas I and II in Morris Township, all in New Jersey.

Mr. Hersh received his B.A. degree in architecture from Ohio University. He is a member of the American Institute of Architects.

Chairman of the Board
Mack-Cali Realty Corporation

John J. Cali, 78, will serve as Chairman of the Board of Mack-Cali Realty Corporation, a position he currently holds at Cali Realty Corporation.

One of the real estate industry's true visionaries, Mr. Cali started his real estate career as a single family home developer and has been instrumental in the development of Cali Realty Corporation into one of the largest REITs in the country.

As a principal and senior partner of Cali Associates, a New Jersey real estate development company Mr. Cali founded in 1949 with his brother Angelo R. Cali, and their associate Edward Leshowitz, Mr. Cali spearheaded the development of five million square feet of commercial properties prior to August 1994 when Cali Associates went public as Cali Realty Corporation. In his role as a principal and senior partner, Mr. Cali was responsible for Cali Associates' overall development strategies and policies. Mr. Cali's real estate experience with housing and suburban office property development has significantly contributed to the success of Cali Realty Corporation.

Mr. Cali received his A.B. in Psychology-Sociology from Indiana University. He is a former President of the Office Developers Association of New Jersey, and has been an active supporter of the state of New Jersey through various board memberships and charitable contributions. Mr. Cali resides in Montclair, NJ, where he has been involved with supporting the arts, the library, the local hospital and other nonprofit organizations, for more than forty years.


Chief Financial Officer
Mack-Cali Realty Corporation

Barry Lefkowitz, 35, will serve as Chief Financial Officer of Mack-Cali Realty Corporation, a position he currently holds at Cali Realty Corporation. Mr. Lefkowitz began his tenure at Cali in 1994 as Chief Accounting Officer and was named Chief Financial Officer in 1996.

As one of the key members of Cali's dynamic management team, Mr. Lefkowitz is responsible for all financial reporting, strategic financial planning, budgeting and management of the company's capital market activities.

Prior to joining Cali, he was a Senior Manager with the accounting firm of Deloitte & Touche LLP, where he specialized in real estate and mergers and acquisitions.

Mr. Lefkowitz holds a B.S. in accounting from Brooklyn College. His professional affiliations include the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA). Mr. Lefkowitz recently served on the National Association of Real Estate Investment Trusts' (NAREIT) Task Force on Salvage and Value Depreciation. Mr. Lefkowitz also serves on the board of directors of the Associated of Retarded Citizens (ARC) of Essex County, NJ.