Madison International Realty, a New York-based real estate private equity firm, acquired a 5 percent stake of about 4.5 million shares in Mack-Cali Realty Corp., saying investors are undervaluing the real estate investment trust's stock and its focus on office and residential property on the New Jersey waterfront overlooking Manhattan.
Madison International Realty Acquires 5 Percent Stake In Mack-Cali
Private Equity Firm Sees Discounted Value in Real Estate Investment Trust
By Linda Moss
CoStar News
February 7, 2019 | 7:46 P.M.
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IN THIS ARTICLE
- Companies
- Madison International Realty
Finance and Insurance