Business
Veris Residential to Be Acquired by Affinius Capital-Led Investor Consortium for $3.4 Billion in Cash
Veris Residential, Inc. (NYSE: VRE) ("Veris" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it has entered into a definitive merger agreement (the "Merger Agreement") to be acquired by an investor consortium led by Affinius Capital in partnership with Vista Hill Partners (the "Investor Consortium"), in an all-cash transaction for $19.00 per share of Veris common stock (the "Transaction"), representing an implied enterprise value of $3.4 b
About this update from Veris Residential, Inc.
[{"type":"text","content":"Unlocks Immediate Value Upon Close with Shareholders to Receive $19.00 per Share in Cash","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Underscores Strength of Veris Portfolio and Market Position as a Pure-Play Multifamily REIT ","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"JERSEY CITY, N.J., Feb. 23, 2026 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it has entered into a definitive merger agreement (the "Merger Agreement") to be acquired by an investor consortium led by Affinius Capital in partnership with Vista Hill Partners (the "Investor Consortium"), in an all-cash transaction for $19.00 per share of Veris common stock (the "Transaction"), representing an implied enterprise value of $3.4 billion. The Transaction price reflects a 23.2% premium to Veris' unaffected closing share price on February 4, 2026, and a 27.5% premium to the Company's 30-day volume weighted average price for the period ended February 4, 2026.","length":841,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Veris Residential, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Veris Residential, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":170,"url":"https://media.zenfs.com/en/prnewswire.com/1e107c0a210c8405522764666ce38461"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NOlvLj_C54J3dz7._5pB7w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMwMDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/1e107c0a210c8405522764666ce38461","width":400,"height":170}},"href":"https://mma.prnewswire.com/media/1703847/Veris_Residential_Logo_V1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This Transaction is the culmination of Veris' strategic transformation and a comprehensive review of strategic alternatives conducted by the Company and assisted by financial advisors J.P. Morgan and Morgan Stanley & Co. LLC. Following inbound interest, the Company and its advisors engaged with a broad group of potential counterparties, including financial sponsors, sovereign wealth funds, pension funds and multifamily investment platforms. The Transaction has been unanimously appr...