Mack-Cali At-a-Glance Mack-Cali is focused in  high-barrier-to-entry  markets in the Northeast and  Mid-Atlantic regions. • property inset: Washington, DC/Maryland 8 NEW JERSEY • 16.2 million square feet  of space in 129 primarily class A office and office/flex properties WESTCHESTER COUNTY,  NEW YORK, AND FAIRFIELD COUNTY, CONNECTICUT • 5.6 million square feet of space in 79 primarily class A office, office/flex and indus- trial/warehouse properties SUBURBAN PHILADELPHIA • 1.8 million square feet  of space in 16 class A  office properties WASHINGTON, DC • 329,000 square feet  in two CBD class A  office properties • Land for potential development of 6.9 million square feet  • Little new construction Diverse regional economy  • Suburbs surrounding  New York City favored for  corporate diversification  strategies • Country’s fourth largest office  market offers abundant  acquisition opportunities • Land for potential development of 732,000 square feet • Minimal new construction Potential for acquisitions • Expansion requirements  among tenant base  • Suburbs surrounding  New York City favored for  corporate diversification  strategies • Land near Philadelphia  International Airport for  potential development of  135,000 square feet • Moderate new construction Potential for acquisitions  • Leases in place with  below-market rents • Potential for acquisitions • Dominant market share State’s largest owner of class A  office space • Prime locations/diverse  submarkets  • Product diversity—office and  office/flex space  • Broad-based tenancy We l l - l e a s e d p ro p e r t i e s • Good highway access  to properties • Significant barriers to entry  in market • Dominant market share Prime locations/diverse  submarkets  • Product diversity—office, office/flex and industrial/ warehouse space  • Broad-based tenancy Industry diversity • We l l - l e a s e d p ro p e r t i e s Good highway access  to properties • Significant barriers to entry  in market • High-quality office assets Broad-based tenancy • Good highway access  to properties • Lowest vacancy rate of  major U.S. markets • We l l - l o c a t e d , h i g h - q u a l i t y properties • We l l - l e a s e d p ro p e r t i e s Little new construction • Significant barriers to  entry in market • Strong local economy  and government growth • Strong tenant base Markets Competitive Strengths Growth Opportunities