Veris Residential plans to sell some of of its multifamily properties and land valued between $300 million to $500 million over the next 24 months. The company plans to use the proceeds to repurchase up to $100 million of its shares and use the balance to repay debt.
Veris plans to sell up to $500 million in properties, including some multifamily
REIT cites undervalued stock in its decision to sell some properties and buy back shares
By Linda Moss
CoStar News
February 24, 2025 | 11:28 P.M.
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IN THIS ARTICLE
- Companies
- Veris Residential, Inc.
Real Estate
- Kushner Companies
Real Estate
- Contacts
- Mahbod Nia
Chief Executive Officer, Veris Residential, Inc.