The new owners of the former Veris Residential Inc. portfolio have picked RHO Residential LLC to manage the collection of more than 6,000 apartments across the Northeast.
Investors have closed on their $3.5 billion acquisition of Veris Residential Inc., bringing the company private after its multiyear overhaul of a once-sprawling portfolio.
Following a contentious campaign, the Jersey City Apartment Owners Association said it was eager to work with new Jersey City Mayor James Solomon, reaffirming its belief that the best way to solve the city’s budget and affordability crises is to build more housing.
An investor group led by Affinius Capital is acquiring Veris Residential Inc., in a $3.4 billion deal that will take the company private after its high-profile, multiyear pivot from the iconic former Mack-Cali Realty Corp.
Panepinto Properties has sold one of two newly acquired development sites in Jersey City to GN Management, a fellow real estate firm based in the city, setting the stage for the latter to build a 57-story, 579-unit apartment tower alongside another planned high-rise.
Veris Residential Inc. has sold a Jersey City development site to Panepinto Properties for $75 million, in a deal arranged by Cushman & Wakefield, marking a key step in a plan to develop two high-rises with a combined 1,257 apartments and new amenities for the area.
Veris Residential Inc. has sold a four-year-old, 240-unit luxury apartment building in Park Ridge for $117 million, brokers with CBRE announced Tuesday.
Veris Residential Inc. has sold a 197-unit luxury apartment building in Morris Plains, fetching $85 million for an asset that helped revitalize a former aging suburban office property.
Veris Residential Inc. has sold 47 acres in Wall Township to Lennar Corp., in a deal arranged by JLL, paving the way for a project that will bring nearly 300 new townhouses to the site.
Veris Residential Inc. is now the sole owner of a distinctive 762-unit apartment tower in Jersey City after acquiring Ironstate Holdings’ 15 percent stake in the building.
