New York, NY—July 6, 2020—Basis Investment Group LLC (“Basis”), a leading national commercial real estate investment platform, recently announced that Founder and CEO Tammy K. Jones will join the Board of Directors for the Mack-Cali Realty Corporation (“Mack-Cali”) (NYSE: CLI), a Jersey City-based real estate investment trust.
“I am excited to join Mack-Cali’s newly appointed board of distinguished professionals, including strong women and people of color,” said Ms. Jones. “Diversity of thought, opinion, ethnicity and background is not just the right thing to do to create a more equitable society, it also adds to the bottom line as proven in numerous studies. I hope this step towards increased representation is one of many in the commercial real estate industry from entry level to the board room.”
Founded in 1997, Mack-Cali is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout New Jersey.
Ms. Jones joins five new and four existing chairs charged with overseeing corporate governance at Mack-Cali. In addition to Jones, the newly reconstituted Board will now include Alan R. Batkin, Michael Berman, Frederic Cumenal, A. Akiva Katz, Nori Gerado, Mahbod Nia, Howard S. Stern and newly elected Chair MaryAnne Gilmartin.
Founded by CEO Tammy K. Jones in 2009, Basis is a diversified national investment platform with a focus in the U.S. middle markets. Basis invests and lends debt and equity across the capital stack, working with Sovereign Wealth Funds and some of the U.S.’s largest pension funds and family offices. Basis has successfully closed over $4 billion in transactions across multiple strategies and asset classes since its founding. Basis manages a series of Separate Accounts, Joint Ventures and Funds and is also the only MWOB Seller/Servicer with Freddie Mac’s SBL program
In the last year Ms. Jones has been named to the Real Estate Forum 2020 Lender Influencers list, Chair of the Board for Real Estate Executive Council and Connect Media’s list of the Top Women in Commercial Real Estate, as well as selected by the Council of Urban Professionals (CUP) as a 2019 Finance Catalyst award winner. Jones was formerly an Independent Director for Monogram Residential Trust (NYSE:MORE), is Vice Chair of Basis Impact Group.
Ms. Jones received an MBA with a concentration in Real Estate Finance from Georgia State University and is currently a Trustee of The Georgia State University Foundation, sits on the university’s investment and real estate committees, and was honored as a Distinguished Alumni in 2017. She received her BA in Economics from Cornell University and is a member of the President’s Council of Cornell Women.
About Basis Investment Group
Basis Investment Group is a diversified commercial real estate investment platform investing across the capital stack throughout the United States. Basis has offices in New York and Irvine CA, with a presence in Chicago, Dallas, and Tampa.
Basis, a certified Minority and Woman-Owned Business (MWBE), focuses primarily on investments in the middle markets where it has deep relationships. Basis originates and acquires fixed rate senior mortgage loans, bridge loans, mezzanine loans, preferred equity, structured equity and B-piece investments. For more information please visit www.basisinvgroup.com.