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JERSEY CITY, N.J., Jan. 6, 2021 /PRNewswire/ Mack-Cali Realty Corporation (NYSE: CLI) today announces a trio of transactions across its residential portfolio, including the sale of its interests in
Riverwatch Commons in New Brunswick, NJ and
Crystal House Apartments in Arlington, VA, as well as the construction take-out financing of As we ve said before, moving forward our emphasis will be on our core markets, asset control and thoughtful management of our balance sheet, said
MaryAnne Gilmartin, Board Chair and Interim Chief Executive Officer of Mack-Cali Realty Corporation. Securing permanent financing of The Emery, a building that has nearly stabilized since its 1Q 2020 opening, provides the Company with excess financing proceeds.