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Mack-Cali Collects 96% of Multifamily Tenant Rent in April

As of April 20, the multifamily portfolio has a current percentage leased rate of 95%. The remainder of outstanding collections of 4% is largely from tenants who are seeking a payment plan, the company states.
Reprinted with permission from the Fri, 24 Apr 2020 05:52:20 -0400 online edition of GlobeSt © 2021 ALM Media Properties, LLC. All rights reserved. Further duplication without permission is prohibited, contact 877-256-2472 or reprints@alm.com.