Press Release

Mack-Cali CEO Michael J. DeMarco Joins New Jersey Governor's Restart & Recovery Advisory Council

Company Release - 5/13/2020 12:56 PM ET

JERSEY CITY, N.J., May 13, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today announced that Michael J. DeMarco, Chief Executive Officer of Mack-Cali, has been invited to serve on New Jersey'sRestart & Recovery Advisory Council. The council was formed by New Jersey Governor Phil Murphy to advise state leadership on economic matters impacted by the COVID-19 pandemic. In addition to focusing on issues related to the restarting of businesses in New Jersey, the council will also work on a framework to facilitate the long-term growth of the state's economy.

Mack-Cali Realty Corporation logo (PRNewsFoto/Mack-Cali Realty Corporation) (PRNewsfoto/Mack-Cali Realty Corporation)

Mr. DeMarco will serve on the Facilities and Construction Subcommittee, joining an esteemed group of New Jersey organizations from both the public and private sector.

"I am honored to join the Restart & Recovery Advisory Council and take part in this important opportunity to serve the state of New Jersey in the fight against COVID-19," said Mr. DeMarco. "The health and economic crisis caused by the virus continues to present numerous challenges for our great state. I applaud Governor Murphy and the council co-chairs for engaging experts and business leaders from diverse fields to help mitigate the pandemic's impact and strengthen our local economy."

The council will be co-chaired by New Jersey Secretary of Higher Education, Dr. Zakiya Smith Ellis, New Jersey Economic Development Authority CEO Tim Sullivan, and Choose New Jersey President and CEO Jose Lozano. In addition to the Facilities and Construction Subcommittee, the Council will have subcommittees including Government; Health Care; Main Street; Manufacturing and Supply Chain; Professional Services; Social Services and Faith; Tourism and Entertainment; and Transportation and Infrastructure.

Mack-Cali has implemented protocols to facilitate the health and safety of its tenants, residents and employees, and support its local community during these challenging times. As previously announced, Mack-Cali'sResidence Inn at Port has donated 25% of its rooms to regional front-line healthcare workers, and the Company has provided meals each day to those healthcare works staying at its hotel. Mack-Cali will continue to evaluate additional opportunities to support healthcare workers and others in local communities who have been impacted by the pandemic.

About Mack-Cali Realty Corporation
One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout New Jersey. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces.

A fully integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.

For more information on Mack-Cali Realty Corporation and its properties, visit www.mack-cali.com.

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," "plan," "potential," "projected," "should," "expect," "anticipate," "estimate," "target," "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 heading "Disclosure Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q, which are incorporated herein by reference. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.

Contacts:

Michael J. DeMarco

Mack-Cali Realty Corporation

Chief Executive Officer

(732) 590-1589

mdemarco@mack-cali.com

Deidre Crockett

Mack-Cali Realty Corporation

Chief Administrative Officer

(732) 590-1025

dcrockett@mack-cali.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mack-cali-ceo-michael-j-demarco-joins-new-jersey-governors-restart--recovery-advisory-council-301058728.html

SOURCE Mack-Cali Realty Corporation