Add-on Acquisition • Real Estate

Veris Residential Acquires Curtis Center

On June 10, 2014, Veris Residential acquired real estate company Curtis Center for 125M USD

Acquisition Context

This is Veris Residential’s 8th transaction in the Real Estate sector.
This is Veris Residential’s 2nd largest (disclosed) transaction.
This is Veris Residential’s 8th transaction in the United States.
This is Veris Residential’s 2nd transaction in Pennsylvania.

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M&A Deal Summary
Date	June 10, 2014
Target	Curtis Center
Sector	Real Estate
Buyer(s)	Veris Residential
Deal Type	Add-on Acquisition
Deal Value	125M USD

Target Company

Curtis Center

Philadelphia, Pennsylvania, United States

Curtis Center comprises 13-story, class A office and retail building spread over an area of 885,000 square feet.

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Buyer Overview 1

Buyer

Veris Residential

Jersey City, New Jersey, United States

Category	Company
Sector	Real Estate
Employees	188
Revenue	271M USD (2024)

DESCRIPTION

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, New Jersey.

Deal Context for Buyer	#
Overall	8 of 8
Sector: Real Estate	8 of 8
Type: Add-on Acquisition	6 of 6
State: Pennsylvania	2 of 2
Country: United States	8 of 8
Year: 2014	2 of 2
Size (of disclosed)	2 of 7

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2014-04-08	Andover Place Andover,, Massachusetts, United States Andover Place Apartments, a 220-unit, multi-family property.This luxury community consists of studio, one, two,and three-bedroom units, as well as three-bedroom duplexes.	Buy	$38M

DATE

TARGET

DEAL TYPE

VALUE

2014-04-08

Andover Place

Andover,, Massachusetts, United States

Andover Place Apartments, a 220-unit, multi-family property.This luxury community consists of studio, one, two,and three-bedroom units, as well as three-bedroom duplexes.

Buy

$38M

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