# Mack-Cali Realty Corporation

Mack-Cali Realty Corporation is a Real Estate Investment Trust based in New York, United States.

## Overview

- **Organization type:** Real Estate Investment Trust
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1993
- **Assets under management:** Undisclosed
- **Website:** https://www.mack-cali.com
- **LinkedIn:** https://www.linkedin.com/company/mack-cali-realty-corporation

## Regulatory record

- **Reports private funds:** No

## About

Mack-Cali Realty Corporation was formed in 1993 as a publicly traded real estate investment trust, with Michael J. DeMarco taking over as CEO in 2013. The company's wealth originates from public equity markets, not a single family fortune; it has operated as a traditional REIT with a diversified shareholder base. The firm primarily invests in Class A office properties, multifamily residential, and mixed-use developments across the Northeast and Mid-Atlantic regions, with a focus on New Jersey and New York. Known portfolio companies include Harborside at Jersey City and 101 Hudson Street in Jersey City. The firm also engages in property development and redevelopment. Geographic footprint spans the tristate area, with additional properties in Maryland, California, and Indiana. As a publicly traded REIT, Mack-Cali has historically reported to the SEC and underwent a strategic repositioning in the mid-2010s, selling off suburban office assets and pivoting toward waterfront mixed-use communities in Jersey City. The firm maintains several regional offices, with headquarters in New York and major operations in Manchester, Greenbelt, Palo Alto, Glendale, Boston, and Indianapolis. The firm's structural differentiator is its REIT structure — it does not operate as a family office or private capital vehicle. Its mandate is fixed by regulatory requirements: distributing at least 90% of taxable income to shareholders. This gives it a unique posture among Altss's coverage, as its primary source of capital is public equity rather than private wealth.

## Sectors

- Real Estate
- Infrastructure

## Offices

- Manchester
- Greenbelt
- Palo Alto
- Glendale
- Boston
- Indianapolis

## People

- Michael J. DeMarco — President and Chief Executive Officer
- David S. Smetana — Chief Financial Officer

## Questions

### How is Mack-Cali structured as a publicly traded REIT?

Mack-Cali operates as a traditional REIT, meaning it must distribute at least 90% of its taxable income to shareholders annually. It is not a family office but a publicly traded entity with a diversified shareholder base, governed by a board of directors and subject to SEC reporting.

### What types of real estate does Mack-Cali invest in?

The firm focuses on Class A office properties, multifamily residential, and mixed-use developments, with a significant concentration in waterfront communities in Jersey City and the broader New York metropolitan area. It also holds assets in Maryland, California, and Indiana.

### Who leads investment decisions at Mack-Cali?

Michael J. DeMarco has served as President and CEO since 2013, with David S. Smetana as CFO. The leadership team makes capital allocation decisions, including acquisitions, dispositions, and development projects.

### Where does Mack-Cali's capital come from?

Unlike family offices or private funds, Mack-Cali raises capital through public equity markets and debt offerings. It does not manage wealth for a single family; instead, it distributes earnings to public shareholders.

### What is the firm's geographic focus?

The firm concentrates on the Northeast and Mid-Atlantic regions, particularly New Jersey and New York. Additional offices are located in Manchester, Greenbelt, Palo Alto, Glendale, Boston, and Indianapolis.

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Last updated: 2026-06-03T20:00:00.000Z

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