Mack-Cali CEO Mitchell E. Hersh to Receive Leadership Award from Monmouth University Real Estate Institute

05/15/2002 Category: Miscellaneous

Cranford, New Jersey—May 15, 2002—Mack-Cali Realty Corporation today announced that its chief executive officer, Mitchell E. Hersh, will receive the Monmouth University Real Estate Institute Leadership Excellence Award at the Institute's ninth annual Leadership Excellence Award Dinner on Thursday, May 30 at 6 p.m. The award will honor Hersh for his distinguished contributions to the state and nation through his career in real estate.

Dr. Donald Moliver, director of the Monmouth University Real Estate Institute, commented, "A New Jersey native, Mitchell began his career as an architect and rose through the ranks of The Mack Company before being named chief executive officer of Mack-Cali. His tireless drive, thorough understanding of all aspects of commercial real estate, and constant reach for excellence sets him apart. He is a consummate professional and serves as an outstanding model for young real estate professionals today." Hersh, who is also a director and member of the executive committee of Mack-Cali's board of directors, is a member of the Real Estate Roundtable and serves on the board of trustees of the New York University Real Estate Institute and on the board of directors for both the National Association of Real Estate Investment Trusts (NAREIT) and the New Jersey Chapter of the National Association of Industrial and Office Properties (NAIOP). Honorary co-chairmen at the award dinner will be Bruce S. Schonbraun, managing partner of Schonbraun Safris McCann Bekritsky & Co., LLC, and John A. Somers, executive vice president of Teachers Insurance and Annuity Association College Retirement Equities Fund.

The Monmouth University Real Estate Institute, located in West Long Branch, New Jersey, was founded in 1992 and is the sole provider of executive real estate education in the state of New Jersey. For information on the dinner, contact Monmouth University's office of special events and programs at 732.571.3509. Mack-Cali Realty Corporation is a fully-integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 264 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 28.2 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,200 tenants. Additional information on Mack-Cali Realty Corporation is available on the Company's website at