Affinius-led group to take Veris private in $3.4B deal
Veris Residential is going private. The Jersey City-based multifamily landlord agreed to be acquired by an investor consortium led by Affinius Capital, alongside Vista Hill Partners, in an all-cash deal valued at $3.4 billion, including debt. The $19-per-share price represents a 23 percent premium to the company’s unaffected share price earlier this month. The transaction, announced Monday, marks the end of Veris’ five-year pivot away from office and into a Class A multifamily platform concentrated in the Northeast. Once a hybrid office and apartment owner formerly known as Mack-Cali, the real estate investment trust spent years shedding suburban office assets, […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside the Search: Choosing the Right Deal in Chicago With
Taka Buranda
It’s a Family Affair: Multigenerational Living Rental Can
Help Landlords Boost Income While Offering Tenants
Affordability
PolicyPro: J-51 reboot flops for rent-regulated landlords,
boosts co-ops and condos
Hotel union deal puts cleaners on track for $100K
salaries
Mamdani targets Brooklyn corridors for major housing
push 
Saunders partners with Premier Estate Properties to link
ultralux markets
RealPage rent-fixing settlements pass $200M (and
counting)
Record High Mortgage Debt Sounds Scary. Here’s What the
Headlines Leave Out.
Richard Born dumps Chambers Hotel for $66M
NYC’s top deals: Benchmark scoops up $42M apartment complex
on UWS
