**Exhibit 12.1**

 

**MACK-CALIREALTY, L.P.**

**CALCULATIONOF RATIOS OF EARNINGS TO FIXED CHARGES**

** (DOLLARAMOUNTS IN THOUSANDS)**

 

Mack-Cali Realty, L.P.’sratios of earnings to fixed charges for each of the five years ended December 31,2008 were as follows:

 
| ** **                                                                                                             | ** ** | **For the Year Ended December 31,** | ** ** |
|------------------------------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------|------------|
| ** **                                                                                                             | ** ** | **2008**                                                     | ** ** | **2007** | ** ** | **2006** | ** ** | **2005** | ** ** | **2004** | ** ** |
| **EARNINGS:**                                                                                                          |       |                                                         |       |   |   |   |   |   |   |   |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| ADD:                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| Income from  continuing operations before minority interest and equity in earnings from  unconsolidated joint ventures |       | $                                                            | 104,631    |   | $ | 94,530 |   | $ | 110,138 |   | $ | 92,051 |   | $ | 107,277 |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| Fixed charges  (see calculation below)                                                                                 |       | 134,178                                                      |       | 132,609 |   | 142,648 |   | 125,057 |   | 119,218 |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| Distributed  income of unconsolidated joint ventures                                                                   |       | 5,784                                                        |       | 1,875 |   | 2,302 |   | — |   | 1,411 |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| SUBTRACT:                                                                                                              |       |                                                         |       |   |   |   |   |   |   |   |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| Capitalized  interest                                                                                                  |       | (5,799                                                       | )          | (5,101 | ) | (6,058 | ) | (5,518 | ) | (3,920 | ) |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| **TOTAL  EARNINGS:**                                                                                                   |       | $                                                            | 238,794    |   | $ | 223,913 |   | $ | 249,030 |   | $ | 211,590 |   | $ | 218,986 |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| **FIXED  CHARGES:**                                                                                                    |       |                                                         |       |   |   |   |   |   |   |   |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| Interest expense  (includes amortization of deferred financing costs)                                                  |       | $                                                            | 128,145    |   | $ | 127,287 |   | $ | 136,357 |   | $ | 119,337 |   | $ | 110,104 |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| Capitalized  interest                                                                                                  |       | 5,799                                                        |       | 5,101 |   | 6,058 |   | 5,518 |   | 3,920 |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| Interest portion  (33 percent) of ground rents on land leases                                                          |       | 234                                                          |       | 221 |   | 233 |   | 202 |   | 194 |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| **TOTAL  FIXED CHARGES:**                                                                                              |       | $                                                            | 134,178    |   | $ | 132,609 |   | $ | 142,648 |   | $ | 125,057 |   | $ | 114,218 |   |
|                                                                                                                   |       |                                                         |       |   |   |   |   |   |   |   |   |
| **RATIO  OF EARNINGS TO FIXED CHARGES:**                                                                               |       | 1.8                                                          |       | 1.7 |   | 1.7 |   | 1.7 |   | 1.9 |   |

 

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