Mack-Cali's Hersh Elected to NAREIT Board of Governors

11/11/2004 Category: Miscellaneous

Cranford, New Jersey—November 11, 2004—Mack-Cali Realty Corporation (NYSE: CLI) today announced that Mitchell E. Hersh, president and chief executive officer, has been elected to the board of governors of the National Association of Real Estate Investment Trusts (NAREIT).

As a member of the board of governors, Hersh will be responsible for helping to maintain NAREIT's mission and purpose and for overseeing the promotion of the organization and its programs. The board of governors consists of 60 senior executives from across the real estate industry. Its 22 new members officially began their term on November 1, 2004.

NAREIT is the national trade association for real estate investment trusts (REITs) and publicly traded real estate companies. Members include REITs and other businesses that own, operate and finance income producing real estate, as well as firms that advise, study and service those businesses.

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 268 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 29.3 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 tenants.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at www.mack-cali.com.