-

Rizk Ventures Releases Two Letters Previously Sent to the Board of Directors of Mack-Cali Realty Outlining Terms of Its Credible, Financed Expression of Interest for Acquiring the Company

NEW YORK--(BUSINESS WIRE)--Rizk Ventures LLC, founded by Thomas A. Rizk (the former CEO of Mack-Cali Realty), owner and operator of more than 10 million square feet of office and flex space in markets across the US through a Rizk Ventures affiliate (co-founded by Roger Thomas, the former General Counsel and Executive Vice President of Mack-Cali Realty), today released two letters previously sent to the Board of Directors of Mack-Cali Realty (NYSE:CLI).

Rizk Ventures is releasing these letters to respond to and to clarify comments made by the CEO of Mack-Cali during the February 27, 2020 earnings call in connection with Rizk Ventures’ credible, financed expression of interest in acquiring Mack-Cali Realty.

Rizk Ventures reiterates its position that it is no longer interested in making a bid for Mack-Cali.

The letters are attached.

Contacts

Elliot Sloane
Throughco Communications
917-291-0833
esloane@throughco.com

Rizk Ventures LLC


Release Versions

Contacts

Elliot Sloane
Throughco Communications
917-291-0833
esloane@throughco.com

More News From Rizk Ventures LLC

Industrial Outdoor Storage Innovator Rig Hut Transforms Truck Parking with Tech-Powered Marketplace

MIAMI--(BUSINESS WIRE)--Rig Hut, an innovator in industrial outdoor storage technology, today announced the launch of an enhanced, technologically-enabled marketplace and management tool that pairs millions of truck drivers with thousands of outdoor storage landlords in real time. Commercial real estate veteran Thomas A. Rizk is making an early-stage investment to fund the next phase of technology development, marketing, operational and revenue growth efforts. Rig Hut is poised to modernize the...

SpareBox Storage Appoints Industry Veteran Kate Matheny Chief Executive Officer

DENVER--(BUSINESS WIRE)--SpareBox Storage, the leading remote-managed operator in the self-storage industry, today appointed industry veteran, Kate Matheny as Chief Executive Officer. Matheny was previously Chief Financial and Chief Investment Officer of the Company. SpareBox also named co-founder Chuck James as President and Chief Operating Officer. The company has 108 stores, representing 7.4 million square feet in nine states across 21 fast-growing markets. The Company is a joint venture bet...

SpareBox Storage Strengthens Balance Sheet with Successful $463 Million Refinance with Bank of America

DENVER--(BUSINESS WIRE)--SpareBox Storage, the leading unmanned operator in the self storage industry, today announced it successfully strengthened its balance sheet with a $462.5 million refinancing with Bank of America. SpareBox is one of the fastest growing self storage companies participating in the consolidation of the highly fragmented sector, and in just over two years, has acquired 7.4 million square feet of storage assets across nine states and 21 markets. The Company is a joint ventur...
Back to Newsroom