Cali Realty announces exercise of over-allotment option.CRANFORD,--(BUSINESS WIRE)--Aug. 14, 1996--Cali Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corporation (NYSE NYSE See: New York Stock Exchange :CLI (1) (Call Level Interface) A database programming interface from the SQL Access Group (SAG), an SQL membership organization. SAG's CLI is an attempt to standardize the SQL language for database access. ) today announced the exercise of the underwriter's over-allotment option of 450,000 shares of its common stock at $23.125 per share. The Company completed an offering of three million common shares at $23.125 per share on August 7, 1996. Prudential Securities Incorporated was the sole underwriter for the offering. Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) providing leasing, management, acquisition, development, construction and tenant-related services for its portfolio. The Company owns 45 properties, primarily Class A office and office/flex buildings, totaling approximately 4.6 million square feet. All of the properties are located in New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Pennsylvania. CONTACT: Cali Realty Corp., Cranford Barry Lefkowitz Chief Financial Officer 908/272-8000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion