Current Nrei Newsletters

Subscribe to Newsletters

Join the Conversation

Mack-Cali, Prentiss merger creates 4th largest office REIT

Published Saturday, July 01, 2000

CRANFORD, N.J. - Mack-Cali Realty Corp. and Dallas-based Prentiss Properties Trust have entered into a merger agreement that will create the fourth largest U.S. office REIT, with Prentiss merging into Mack-Cali. The $2.3 billion transaction is expected to close in the fourth quarter, pending shareholder approval. The acquisition of Prentiss will add more than 19 million sq. ft. of primarily suburban office properties to Mack-Cali's portfolio, increasing the portfolio size by 68% to 47.7 million sq. ft. Upon completion of the merger, the combined companies will have a market cap of $5.9 billion and a portfolio of 457 ...

To continue reading this article, please register or login – it’s quick and free…

Member Login

Forgot password? Need Help?

Enter your email address below, and we'll email your password.

Are cookies enabled in your browser?

This site uses cookies and session data to keep track of your name and preferences while you're logged in. You cannot login without enabling cookies.

One Step Registration

Fill out the form below for instant access to the page you’ve requested.

Website members also receive access to our entire archive and may apply for a complimentary subscription to our print magazine.
All fields are required Personal Info
  Required Must be a valid email
  Required Passwords must match
  Required
  Required
  Required
  Required
  Required
  Required
  Required

National Real Estate Investor Magazine

Submit the form for instant access to the page you've requested.

Quick Poll

NREI Interactive Products

Blogs

  • Green Shoots

  • BlackSwan

  • Traffic Court

Marketplace Ads