Recent Transactions (Tables)

12 Months Ended

Dec. 31, 2018



Acquisition			# of	Rentable		Acquisition
Date	Property Address	Location	Bldgs.	Square Feet		Cost
01/11/17	Red Bank portfolio (a)	Red Bank, New Jersey	3	279,472	$	27,228
03/06/17	Short Hills/Madison portfolio (b)	Short Hills & Madison, New Jersey	6	1,113,028		367,361

Total Acquisitions			9	1,392,500	$	394,589

(a) This acquisition was funded through borrowings under the Company's unsecured revolving credit facility.
(b) This acquisition was funded through borrowings under the Company’s unsecured revolving credit facility and a new $124.5 million loan secured by three of the properties.

Schedule Of Purchase Price Allocation



		Red Bank		Short Hills/Madison
		Portfolio		Portfolio		Total
Land and leasehold interest	$	7,914	$	30,336	$	38,250
Buildings and improvements and other assets		16,047		295,299		311,346
Above market leases (a)		118		6,367		6,485
In-place lease values (a)		3,171		45,604		48,775
		27,250		377,606		404,856
Less: Below market lease values (a)		(22)		(10,245)		(10,267)
Net assets recorded upon acquisition	$	27,228	$	367,361	$	394,589

(a)Above market, in-place and below market leases are being amortized over a weighted-average term of 5.4 years.

Schedule Of Properties Which Commenced Initial Operations



				# of		Total
In-Service				Apartment Units/		Development
Date	Property	Location	Type	Rooms		Costs Incurred
03/01/18	145 Front at City Square	Worcester, MA	Multi-Family	365	$	97,483	(a)
04/01/18	Signature Place at Morris Plains	Morris Plains, NJ	Multi-Family	197		56,715	(b)
05/01/18	Portside 5/6	East Boston, MA	Multi-Family	296		114,694	(c)
08/01/18	RiverHouse 11 at Port Imperial	Weehawken, NJ	Multi-Family	295		130,369	(d)
12/13/18	Residence Inn By Marriott (Phase I)	Weehawken, NJ	Hotel	164		58,723	(e)
Totals				1,317	$	457,984

(a)

Development costs as of December 31, 2018 included approximately $4.4 in land costs. As of December 31, 2018, the Company anticipates additional costs of approximately $1.1 million, which will be primarily funded from a construction loan.

(b)

Development costs as of December 31, 2018 included approximately $0.9 in land costs.

(c)

As of December 31, 2018, the Company anticipates additional costs of approximately $0.7 million, which will be funded by the Company.

(d)

As of December 31, 2018, the Company anticipates additional costs of $1.2 million which will be funded by the Company.

(e)

As of December 31, 2018, the Company anticipates additional costs of $20.1 million which will be funded from a construction loan.

Schedule Of Net Assets Recorded Upon Consolidation

2018



		Marbella
Land and leasehold interest	$	48,820
Buildings and improvements and other assets, net		162,958
In-place lease values (a)		6,947
Less: Below market lease values (a)		(108)
		218,617
Less: Debt		(131,000)
Net Assets		87,617
Less: Noncontrolling interest (b)		(22,812)
Net assets recorded upon consolidation	$	64,805

(a) In-place and below market leases are being amortized over a weighted-average term of 9.3 months.
(b) Noncontrolling interest balance reflects distribution of $7.0 million of loan proceeds at closing.

2017


		Monaco		Monaco
		North		South		Total
Land and leasehold interest	$	27,300	$	31,461	$	58,761
Buildings and improvements and other assets		112,841		129,895		242,736
Above market leases (a)		350		-		350
In-place lease values (a)		4,585		4,913		9,498
Less: Below market lease values (a)		(141)		(118)		(259)
		144,935		166,151		311,086
Less: Debt assumed at fair value		(79,544)		(91,656)		(171,200)
Net assets recorded upon consolidation	$	65,391	$	74,495	$	139,886

(a)Above market, in-place and below market leases are being amortized over a weighted-average term of 8 months.

Schedule Of Disposed Properties

2018

The Company disposed of the following office properties during the year ended December 31, 2018 (dollars in thousands):



											Realized
											Gains
				Rentable		Net			Net		(losses)/
Disposition			# of	Square		Sales			Carrying		Unrealized
Date	Property/Address	Location	Bldgs.	Feet		Proceeds			Value		Losses, net
02/15/18	35 Waterview Boulevard (a)	Parsippany, New Jersey	1	172,498	$	25,994		$	25,739	$	255
03/05/18	Hamilton portfolio (b)	Hamilton, New Jersey	6	239,262		17,546			17,501		45
03/07/18	Wall portfolio first closing	Wall, New Jersey	5	179,601		14,053			10,526		3,527
03/22/18	700 Horizon Drive	Hamilton, New Jersey	1	120,000		33,020			16,053		16,967
03/23/18	Wall portfolio second closing	Wall, New Jersey	3	217,822		30,209			12,961		17,248
03/28/18	75 Livingston Avenue	Roseland, New Jersey	1	94,221		7,983			5,609		2,374
03/28/18	20 Waterview Boulevard (c)	Parsippany, New Jersey	1	225,550		12,475			11,795		680
03/30/18	Westchester Financial Center (d)	White Plains, New York	2	489,000		81,769			64,679		17,090
06/27/18	65 Jackson Drive	Cranford, New Jersey	0	-		1,510	(e)		-		1,510
08/02/18	600 Horizon Drive	Hamilton, New Jersey	1	95,000		15,127			6,191		8,936
09/05/18	1 & 3 Barker Avenue	White Plains, New York	2	133,300		15,140			13,543		1,597
11/15/18	120 Passaic Street (f)	Rochelle Park, New Jersey	1	52,000		2,667			2,568		99
12/31/18	Elmsford Distribution Center	Elmsford, New York	6	387,400		66,557			17,314		49,243
Sub-total			30	2,405,654		324,050			204,479		119,571

Unrealized losses on rental property held for sale											(20,135)
Totals			30	2,405,654	$	324,050		$	204,479	$	99,436

(a) The Company recorded a valuation allowance of $0.7 million on this property during the year ended December 31, 2017.
(b) The Company recorded a valuation allowance of $0.6 million on these properties during the year ended December 31, 2017. The disposition additionally included two land properties.
(c) The Company recorded a valuation allowance of $11 million on this property during the year ended December 31, 2017. Prior to closing, the Company provided short term financing through a note receivable
to an affiliate of the buyers of $2.8 million. The note was paid off in the second quarter of 2018.
(d) Prior to closing, the Company provided financing through a note receivable to an affiliate of the buyers of $4.0 million. The note was paid off in October 2018.
(e) Represents the receipt by the Company in the second quarter 2018 of variable contingent sales consideration, net of costs, of $1.5 million subsequent to disposition of the property sold in January 2017.
(f) The net sale proceeds were held by a qualified intermediary, which is noncash and recorded in deferred charges, goodwill and other assets as of December 31, 2018. See Note 5: Deferred Charges,
Goodwill and Other Assets, Net).

2017

The Company disposed of the following office properties during the year ended December 31, 2017 (dollars in thousands):


												Realized
												Gains
				Rentable			Net			Net		(losses)/
Disposition			# of	Square			Sales			Carrying		Unrealized
Date	Property/Address	Location	Bldgs.	Feet			Proceeds			Value		Losses, net
01/30/17	Cranford portfolio	Cranford, New Jersey	6	435,976		$	26,598		$	22,736	$	3,862
01/31/17	440 Route 22 East (a)	Bridgewater, New Jersey	1	198,376			10,074			10,069		5
02/07/17	3 Independence Way	Princeton, New Jersey	1	111,300			11,549			9,910		1,639
05/15/17	103 Carnegie Center	Princeton, New Jersey	1	96,000			15,063			8,271		6,792
08/29/17	400 Chestnut Ridge Road	Woodcliff Lake, New Jersey	1	89,200			6,891			7,498		(607)
08/30/17	140 E. Ridgewood Avenue	Paramus, New Jersey	1	239,680			30,201			30,737		(536)
08/30/17	Bergen portfolio	Woodcliff Lake, Paramus and	5	1,061,544			86,973	(c)		135,121		(48,148)
		Rochelle Park, New Jersey
09/11/17	377 Summerhill Road	East Brunswick, New Jersey	1	40,000			3,221			2,172		1,049
09/13/17	700 Executive Boulevard	Elmsford, New York	-	-	(b)		5,717			970		4,747
09/20/17	Totowa Portfolio	Totowa, New Jersey	13	499,243			63,624			27,630		35,994
09/27/17	890 Mountain Avenue (d)	New Providence, New Jersey	1	80,000			4,852			6,139		(1,287)
09/28/17	135 Chestnut Ridge Road	Montvale, New Jersey	1	66,150			5,844	(e)		2,929		2,915
09/29/17	Moorestown portfolio	Moorestown and Burlington, New Jersey	26	1,260,398			73,393	(f)		56,186		17,207
10/19/17	1 Enterprise Boulevard	Yonkers, New York	-	-	(b)		3,230			1,380		1,850
11/15/17	61 South Paramus Road	Paramus, New Jersey	1	269,191			23,255			37,184		(13,929)
12/06/17	300 Tice Boulevard	Woodcliff Lake, New Jersey	1	230,000			28,847			25,705		3,142
Sub-total			60	4,677,058			399,332			384,637		14,695

Unrealized losses on rental property held for sale												(12,331)

Totals			60	4,677,058		$	399,332		$	384,637	$	2,364

(a) The Company recorded a valuation allowance of $7.7 million on this property during the year ended December 31, 2016.
(b) This disposition is of a ground leased land property.
(c) At closing, the Company provided short term seller financing aggregating $65 million through mortgage notes receivable to the buyers. These notes were paid off in November
and December 2017.
(d) The Company recorded an impairment charge of $7.0 million on this property during the year ended December 31, 2015.
(e) The Company recorded an impairment charge of $4.2 million on this property during the year ended December 31, 2015. $5.9 million of the sales proceeds from this sale were
held by a qualified intermediary, which is noncash and recorded in deferred charges, goodwill and other assets as of December 31, 2017. See Note 5: Deferred Charges,
Goodwill and Other Assets, Net.
(f) $15.3 million of the sales proceeds from this sale were held by a qualified intermediary, which is noncash and recorded in deferred charges, goodwill and other assets
as of December 31, 2017. See Note 5: Deferred Charges, Goodwill and Other Assets, Net.

Schedule Of Disposed Developable Land

Net

Gain on

Disposition

Sales

Carrying

Disposition of

Date

Property Address

Location

Proceeds

Value

Developable Land

12/31/18

One Lake Street

Upper Saddle River, New Jersey

(a)

46,036

15,097

30,939

Totals

46,036

15,097

30,939

(a) The net sale proceeds were held by a qualified intermediary, which is noncash and recorded in deferred charges, goodwill and other assets as of December 31, 2018. See Note 5: Deferred

Charges, Goodwill and Other Assets, Net. The net carrying value includes $3 million of development costs funded at the closing.

Summary Of Income From Property Held For Sale, Net

The following table summarizes the rental property held for sale, net, as of December 31, 2018 (dollars in thousands):



		December 31,
		2018
Land	$	24,376
Buildings and improvements		159,857
Less: Accumulated depreciation		(55,250)
Less: Unrealized losses on properties held for sale		(20,135)
Rental property held for sale, net	$	108,848

The following table summarizes the rental property held for sale, net, as of December 31, 2017 (dollars in thousands):



		December 31,
		2017
Land	$	37,024
Buildings and improvements		273,388
Less: Accumulated depreciation		(126,503)
Less: Unrealized losses on properties held for sale		(12,331)
Rental property held for sale,net	$	171,578

Mack-Cali Realty LP [Member]

Real Estate Properties [Line Items]

Schedule Of Properties Acquired



Acquisition			# of	Rentable		Acquisition
Date	Property Address	Location	Bldgs.	Square Feet		Cost
01/11/17	Red Bank portfolio (a)	Red Bank, New Jersey	3	279,472	$	27,228
03/06/17	Short Hills/Madison portfolio (b)	Short Hills & Madison, New Jersey	6	1,113,028		367,361

Total Acquisitions			9	1,392,500	$	394,589

(a) This acquisition was funded through borrowings under the Company's unsecured revolving credit facility.
(b) This acquisition was funded through borrowings under the Company’s unsecured revolving credit facility and a new $124.5 million loan secured by three of the properties.

Schedule Of Purchase Price Allocation



		Red Bank		Short Hills/Madison
		Portfolio		Portfolio		Total
Land and leasehold interest	$	7,914	$	30,336	$	38,250
Buildings and improvements and other assets		16,047		295,299		311,346
Above market leases (a)		118		6,367		6,485
In-place lease values (a)		3,171		45,604		48,775
		27,250		377,606		404,856
Less: Below market lease values (a)		(22)		(10,245)		(10,267)
Net assets recorded upon acquisition	$	27,228	$	367,361	$	394,589

(a)Above market, in-place and below market leases are being amortized over a weighted-average term of 5.4 years.

Schedule Of Properties Which Commenced Initial Operations



				# of		Total
In-Service				Apartment Units/		Development
Date	Property	Location	Type	Rooms		Costs Incurred
03/01/18	145 Front at City Square	Worcester, MA	Multi-Family	365	$	97,483	(a)
04/01/18	Signature Place at Morris Plains	Morris Plains, NJ	Multi-Family	197		56,715	(b)
05/01/18	Portside 5/6	East Boston, MA	Multi-Family	296		114,694	(c)
08/01/18	RiverHouse 11 at Port Imperial	Weehawken, NJ	Multi-Family	295		130,369	(d)
12/13/18	Residence Inn By Marriott (Phase I)	Weehawken, NJ	Hotel	164		58,723	(e)
Totals				1,317	$	457,984

(a)

(b)

Development costs as of December 31, 2018 included approximately $0.9 in land costs.

(c)

As of December 31, 2018, the Company anticipates additional costs of approximately $0.7 million, which will be funded by the Company.

(d)

As of December 31, 2018, the Company anticipates additional costs of $1.2 million which will be funded by the Company.

(e)

As of December 31, 2018, the Company anticipates additional costs of $20.1 million which will be funded from a construction loan.

Schedule Of Net Assets Recorded Upon Consolidation

2018



		Marbella
Land and leasehold interest	$	48,820
Buildings and improvements and other assets, net		162,958
In-place lease values (a)		6,947
Less: Below market lease values (a)		(108)
		218,617
Less: Debt		(131,000)
Net Assets		87,617
Less: Noncontrolling interest (b)		(22,812)
Net assets recorded upon consolidation	$	64,805

(a) In-place and below market leases are being amortized over a weighted-average term of 9.3 months.
(b) Noncontrolling interest balance reflects distribution of $7.0 million of loan proceeds at closing.

2017


		Monaco		Monaco
		North		South		Total
Land and leasehold interest	$	27,300	$	31,461	$	58,761
Buildings and improvements and other assets		112,841		129,895		242,736
Above market leases (a)		350		-		350
In-place lease values (a)		4,585		4,913		9,498
Less: Below market lease values (a)		(141)		(118)		(259)
		144,935		166,151		311,086
Less: Debt assumed at fair value		(79,544)		(91,656)		(171,200)
Net assets recorded upon consolidation	$	65,391	$	74,495	$	139,886

(a)Above market, in-place and below market leases are being amortized over a weighted-average term of 8 months.

Schedule Of Disposed Properties

2018

The Company disposed of the following office properties during the year ended December 31, 2018 (dollars in thousands):



											Realized
											Gains
				Rentable		Net			Net		(losses)/
Disposition			# of	Square		Sales			Carrying		Unrealized
Date	Property/Address	Location	Bldgs.	Feet		Proceeds			Value		Losses, net
02/15/18	35 Waterview Boulevard (a)	Parsippany, New Jersey	1	172,498	$	25,994		$	25,739	$	255
03/05/18	Hamilton portfolio (b)	Hamilton, New Jersey	6	239,262		17,546			17,501		45
03/07/18	Wall portfolio first closing	Wall, New Jersey	5	179,601		14,053			10,526		3,527
03/22/18	700 Horizon Drive	Hamilton, New Jersey	1	120,000		33,020			16,053		16,967
03/23/18	Wall portfolio second closing	Wall, New Jersey	3	217,822		30,209			12,961		17,248
03/28/18	75 Livingston Avenue	Roseland, New Jersey	1	94,221		7,983			5,609		2,374
03/28/18	20 Waterview Boulevard (c)	Parsippany, New Jersey	1	225,550		12,475			11,795		680
03/30/18	Westchester Financial Center (d)	White Plains, New York	2	489,000		81,769			64,679		17,090
06/27/18	65 Jackson Drive	Cranford, New Jersey	0	-		1,510	(e)		-		1,510
08/02/18	600 Horizon Drive	Hamilton, New Jersey	1	95,000		15,127			6,191		8,936
09/05/18	1 & 3 Barker Avenue	White Plains, New York	2	133,300		15,140			13,543		1,597
11/15/18	120 Passaic Street (f)	Rochelle Park, New Jersey	1	52,000		2,667			2,568		99
12/31/18	Elmsford Distribution Center	Elmsford, New York	6	387,400		66,557			17,314		49,243
Sub-total			30	2,405,654		324,050			204,479		119,571

Unrealized losses on rental property held for sale											(20,135)
Totals			30	2,405,654	$	324,050		$	204,479	$	99,436

(a) The Company recorded a valuation allowance of $0.7 million on this property during the year ended December 31, 2017.
(b) The Company recorded a valuation allowance of $0.6 million on these properties during the year ended December 31, 2017. The disposition additionally included two land properties.
(c) The Company recorded a valuation allowance of $11 million on this property during the year ended December 31, 2017. Prior to closing, the Company provided short term financing through a note receivable
to an affiliate of the buyers of $2.8 million. The note was paid off in the second quarter of 2018.
(d) Prior to closing, the Company provided financing through a note receivable to an affiliate of the buyers of $4.0 million. The note was paid off in October 2018.
(e) Represents the receipt by the Company in the second quarter 2018 of variable contingent sales consideration, net of costs, of $1.5 million subsequent to disposition of the property sold in January 2017.
(f) The net sale proceeds were held by a qualified intermediary, which is noncash and recorded in deferred charges, goodwill and other assets as of December 31, 2018. See Note 5: Deferred Charges,
Goodwill and Other Assets, Net).

2017

The Company disposed of the following office properties during the year ended December 31, 2017 (dollars in thousands):


												Realized
												Gains
				Rentable			Net			Net		(losses)/
Disposition			# of	Square			Sales			Carrying		Unrealized
Date	Property/Address	Location	Bldgs.	Feet			Proceeds			Value		Losses, net
01/30/17	Cranford portfolio	Cranford, New Jersey	6	435,976		$	26,598		$	22,736	$	3,862
01/31/17	440 Route 22 East (a)	Bridgewater, New Jersey	1	198,376			10,074			10,069		5
02/07/17	3 Independence Way	Princeton, New Jersey	1	111,300			11,549			9,910		1,639
05/15/17	103 Carnegie Center	Princeton, New Jersey	1	96,000			15,063			8,271		6,792
08/29/17	400 Chestnut Ridge Road	Woodcliff Lake, New Jersey	1	89,200			6,891			7,498		(607)
08/30/17	140 E. Ridgewood Avenue	Paramus, New Jersey	1	239,680			30,201			30,737		(536)
08/30/17	Bergen portfolio	Woodcliff Lake, Paramus and	5	1,061,544			86,973	(c)		135,121		(48,148)
		Rochelle Park, New Jersey
09/11/17	377 Summerhill Road	East Brunswick, New Jersey	1	40,000			3,221			2,172		1,049
09/13/17	700 Executive Boulevard	Elmsford, New York	-	-	(b)		5,717			970		4,747
09/20/17	Totowa Portfolio	Totowa, New Jersey	13	499,243			63,624			27,630		35,994
09/27/17	890 Mountain Avenue (d)	New Providence, New Jersey	1	80,000			4,852			6,139		(1,287)
09/28/17	135 Chestnut Ridge Road	Montvale, New Jersey	1	66,150			5,844	(e)		2,929		2,915
09/29/17	Moorestown portfolio	Moorestown and Burlington, New Jersey	26	1,260,398			73,393	(f)		56,186		17,207
10/19/17	1 Enterprise Boulevard	Yonkers, New York	-	-	(b)		3,230			1,380		1,850
11/15/17	61 South Paramus Road	Paramus, New Jersey	1	269,191			23,255			37,184		(13,929)
12/06/17	300 Tice Boulevard	Woodcliff Lake, New Jersey	1	230,000			28,847			25,705		3,142
Sub-total			60	4,677,058			399,332			384,637		14,695

Unrealized losses on rental property held for sale												(12,331)

Totals			60	4,677,058		$	399,332		$	384,637	$	2,364

(a) The Company recorded a valuation allowance of $7.7 million on this property during the year ended December 31, 2016.
(b) This disposition is of a ground leased land property.
(c) At closing, the Company provided short term seller financing aggregating $65 million through mortgage notes receivable to the buyers. These notes were paid off in November
and December 2017.
(d) The Company recorded an impairment charge of $7.0 million on this property during the year ended December 31, 2015.
(e) The Company recorded an impairment charge of $4.2 million on this property during the year ended December 31, 2015. $5.9 million of the sales proceeds from this sale were
held by a qualified intermediary, which is noncash and recorded in deferred charges, goodwill and other assets as of December 31, 2017. See Note 5: Deferred Charges,
Goodwill and Other Assets, Net.
(f) $15.3 million of the sales proceeds from this sale were held by a qualified intermediary, which is noncash and recorded in deferred charges, goodwill and other assets
as of December 31, 2017. See Note 5: Deferred Charges, Goodwill and Other Assets, Net.

Schedule Of Disposed Developable Land

Net

Gain on

Disposition

Sales

Carrying

Disposition of

Date

Property Address

Location

Proceeds

Value

Developable Land

12/31/18

One Lake Street

Upper Saddle River, New Jersey

(a)

46,036

15,097

30,939

Totals

46,036

15,097

30,939

(a) The net sale proceeds were held by a qualified intermediary, which is noncash and recorded in deferred charges, goodwill and other assets as of December 31, 2018. See Note 5: Deferred

Charges, Goodwill and Other Assets, Net. The net carrying value includes $3 million of development costs funded at the closing.

Summary Of Income From Property Held For Sale, Net

The following table summarizes the rental property held for sale, net, as of December 31, 2018 (dollars in thousands):



		December 31,
		2018
Land	$	24,376
Buildings and improvements		159,857
Less: Accumulated depreciation		(55,250)
Less: Unrealized losses on properties held for sale		(20,135)
Rental property held for sale, net	$	108,848

The following table summarizes the rental property held for sale, net, as of December 31, 2017 (dollars in thousands):



		December 31,
		2017
Land	$	37,024
Buildings and improvements		273,388
Less: Accumulated depreciation		(126,503)
Less: Unrealized losses on properties held for sale		(12,331)
Rental property held for sale,net	$	171,578