Mack-Cali's Hersh Appointed to Montclair State University Board of Trustees

12/21/2005 Category: Miscellaneous

Cranford, New Jersey—December 21, 2005—Mack-Cali Realty Corporation (NYSE: CLI) today announced that President and Chief Executive Officer Mitchell E. Hersh has been appointed to the Board of Trustees at Montclair State University (MSU).

Hersh was nominated by Acting New Jersey Governor Richard J. Codey last month and recently confirmed by the New Jersey State Senate. Hersh will serve a six-year term, beginning February 2006.

"Mitchell Hersh's strong business and leadership skills make him a valuable asset to the Board of Trustees at Montclair State University," Codey said. "His participation on the board will help ensure the University's continued success in the years to come."

Montclair State University President Susan A. Cole commented, "Mitchell Hersh is an outstanding New Jerseyan, with extraordinary accomplishments to his credit in the business world and in philanthropy. He will join a strong and committed Board of Trustees at Montclair State, and we are quite fortunate that he is willing to take on this important responsibility. New Jersey's public universities need exactly this caliber of individual to sustain and nurture high quality and accessible higher education for the people of the state." MSU is New Jersey's second largest and fastest growing university. It offers a broad array of undergraduate, graduate and doctoral programs. The 17-member Board of Trustees is the governing body of the University with supervision over the institution's programs, operations, facilities, finances, faculty and students.

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 271 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 30.2 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 tenants.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at

Statements made in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the headings "Disclosure Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Reports on Form 10-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.