Seyfarth Shaw LLP represented Roseland Residential Trust, a subsidiary of developer Mack-Cali Realty Corporation, in a $300 million minority preferred equity stake sale to Rockpoint, a real estate private equity firm.
Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, and other tenant-related services for its two-platform operations of waterfront and transit-based office and luxury multi-family assets. Roseland Residential Trust (Roseland), a subsidiary of Mack-Cali Realty Corporation (NYSE: CLI) was formed to own, manage, and develop Mack-Cali's luxury multi-family residential portfolio.
Roseland is a premier, full-service residential and mixed-use owner and developer in the Northeast with an industry leading reputation for successful completion, execution, and management of class A residential developments. Roseland's scalable and integrated business platform oversees the Company's operating and in-construction assets, geographically desirable land portfolio, sourcing of new development and acquisition opportunities, and repurposing activities on Mack-Cali's office holdings.
The cross-departmental, multiple-office Seyfarth team was led by partners Blake Hornick and John Napoli with assistance from Marc Reiser, Greg Sale, Steve Gallagher, Andrew Berg. Miles Borden, Roy Meilman, Steve Crainer, Michael Rosenthal and Josh Lake.