JERSEY CITY, NJ—Jonathan Litt, founder and CEO of Land and Buildings, an equity fund that invests in REITs and other real estate, has resigned from the board of directors of Mack-Cali Realty Corp., the company said Monday. Litt resigned effective August 18, 2016.
The company went out of its way to say in its statement that “Litt's resignation is not related to any disagreement with the Company's operations, policies, or practices.”
“We thank Jonathan for his two plus years of service to the company. During his tenure with Mack-Cali, the board of directors helped create and guide a new executive leadership team and formulate our new three-year strategic plan,” says Michael J. DeMarco, Mack-Cali president.
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