M&A Deal Summary

Veris Residential Acquires Riverwatch Commons and Richmond Court

On December 19, 2013, Veris Residential acquired real estate company Riverwatch Commons and Richmond Court from Ironstate Holdings for 41M USD

Acquisition Highlights
  • This is Veris Residential’s 5th transaction in the Real Estate sector.
  • This is Veris Residential’s 5th largest (disclosed) transaction.
  • This is Veris Residential’s 5th transaction in the United States.
  • This is Veris Residential’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2013-12-19
Target Riverwatch Commons and Richmond Court
Sector Real Estate
Buyer(s) Veris Residential
Sellers(s) Ironstate Holdings
Deal Type Divestiture
Deal Value 41M USD

Target

Riverwatch Commons and Richmond Court

New Brunswick, New Jersey, United States
Riverwatch Commons and Richmond Court a luxury properties consist of studio, one-, and two-bedroom units ranging in size from 623 to 950 square feet.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Veris Residential

Jersey City, New Jersey, United States
Category Company
Sector Real Estate
Employees234
Revenue 280M USD (2023)
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.

DEAL STATS #
Overall 5 of 8
Sector (Real Estate) 5 of 8
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 5 of 8
Year (2013) 4 of 5
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 377-Unit Multi-Family Residential Development Project

Washington,, District of Columbia, United States

The 377-unit project includes approximately 25,000 square feet of retail space and a 309-space underground parking garage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-24 100 Independence Mall West

Philadelphia, Pennsylvania, United States

100 Independence Mall West is a nine-story office building which features an attractive lobby with dual entrances with 390,690 Square feet.

Buy $41M

Seller(S) 1

SELLER

Ironstate Holdings

Hoboken, New Jersey, United States
Category Company
Sector Real Estate
DESCRIPTION

Ironstate Holdings LLC offers real estate development services.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal