Veris Residential - M&A Summary and Business Overview

Real EstateCompany

Veris Residential M&A Summary

Veris Residential has acquired 8 companies.

Veris Residential’s largest acquisition to date was in 2007, when it acquired 125 Broad Street - Property for $273M. Veris Residential has acquired in 5 different US states. The Company’s most targeted sectors include real estate (100%).

Veris Residential Business Overview

Where is Veris Residential headquartered?

Veris Residential is headquartered in Jersey City, New Jersey.

What is Veris Residential’s revenue?

Veris Residential disclosed revenue of 280M USD for 2023 and 233M USD for 2022.

How many employees does Veris Residential have?

Veris Residential has 234 employees.

What sector is Veris Residential in?

Veris Residential is a real estate company.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Veris Residential

Veris Residential, Inc.

Harborside 3, Suite 400, 210 Hudson Street,
Jersey City, New Jersey 07311
United States,
(732) 590-1000
www.mack-cali.com

Veris Residential is an owner, manager, and developer of class A real estate. The Company performs all commercial real estate leasing, management, acquisition, development and construction services on an in-house basis. Veris Residential is based in Jersey City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $667M $667M
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
Curtis Center 2014-06-10 125M USD Add-on Acquisition
Philadelphia, Pennsylvania
Andover Place 2014-04-08 38M USD Add-on Acquisition
Andover,, Massachusetts
100 Independence Mall West 2013-12-24 41M USD Add-on Acquisition
Philadelphia, Pennsylvania
Riverwatch Commons and Richmond Court 2013-12-19 41M USD Divestiture
New Brunswick, New Jersey
377-Unit Multi-Family Residential Development Project 2013-12-16 - Joint Venture
Washington,, District of Columbia
Alterra at Overlook Ridge 1B 2013-04-04 88M USD Add-on Acquisition
Revere,, Massachusetts
Alterra at Overlook Ridge 1A 2013-01-22 61M USD Add-on Acquisition
Malden/Revere,, Massachusetts
125 Broad Street - Property 2007-06-12 273M USD Add-on Acquisition
New York,, New York
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Real Estate 8 (100%) 667M (100%) - -
Total 8 $667M - -

By Geo

State/Country Buy Value Sell Value
United States 8 667M - -
  Massachusetts 3 187M - -
  Pennsylvania 2 166M - -
  New York 1 273M - -
  New Jersey 1 41M - -
  District of Columbia 1 - - -
Total 8 $667M - -

Deal Values

buy # Total
$100M to $1B 2 $398M
< $100M 5 $269M
TOTAL $667M
Largest 125 Broad Street - Property
$273M (2007-06-12)

M&A Connections

Deals
Acquired from
Strategic(s)
13%
1 (13%)

Company Summary

SECTOR

Real Estate

Revenue

280   21% 2023
233   20% 2022
195   38% 2021
314   11% 2020
351   34% 2019
531   14% 2018
616   1% 2017
613   4% 2016
595   7% 2015
637   5% 2014
667   3% 2013
650   2012
(millions of USD) Show More Show Less

Employees

234

Public

NYSE: VRE

Former Name

Mack-Cali Realty Corp.

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