Mack-Cali Announces Sale of Riverwatch Commons and Crystal House Apartments; Refinances The Emery at Overlook Ridge JERSEY CITY, N.J. , Jan. 6, 2021 |PRNewswire| -- Mack-Cali Realty Corporation (NYSE: CLI ) today announces a trio of transactions across its residential portfolio, including the sale of its interests in Riverwatch Commons in New Brunswick, NJ and Crystal House Apartments in Arlington, VA , as well as the construction take-out financing of The Emery at Overlook Ridge in Malden, MA. "As we've said before, moving forward our emphasis will be on our core markets, asset control and thoughtful management of our balance sheet," said MaryAnne Gilmartin , Board Chair and Interim Chief Executive Officer of Mack-Cali Realty Corporation. "Securing permanent financing of The Emery, a building that has nearly stabilized since its 1Q 2020 opening, provides the Company with excess financing proceeds." Mack- Cali sold its JV interest in Crystal House Apartments in Arlington, VA , which it owned in partnership with an institutional investor. Crystal House Apartments, located a block from Amazon's proposed HQ2, are comprised of an 825-unit operating property and land held for future development.