February 28, 2017 / 12:53 AM / 7 months ago

BRIEF-Mack-Cali Realty unit signs $300 mln equity raise

Feb 27 (Reuters) - Mack-Cali Realty Corp:

* Mack-Cali Realty Corp- unit Roseland Residential Trust signs $300 million equity raise with affiliates of Rockpoint Group, L.L.C.

* Mack-Cali Realty Corp - Roseland will receive a deemed funded existing equity value at closing of $1.23 billion

* Mack-Cali Realty Corp- will have option to fund up to $200 million of equity into RRT after Rockpoint’s commitment is fully funded Source text for Eikon: Further company coverage:

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