Veris Residential Sold for $3.5B

Affinius Capital, backed by Vista Hill Partners, just paid $3.5 billion to buy out Veris Residential — effectively ending its public trading on the NYSE. Once known as Mack-Cali Realty Corp, Veris spent years shedding billions in suburban office space to refocus purely on luxury apartments in NYC, Boston, and NJ. The deal, fueled by activist pressure and a $2 billion bridge loan from Goldman Sachs and UBS, marks a major reset after a failed 2023 takeover attempt by Kushner Companies and years of financial restructuring. With $61 billion under management, Affinius is now steering Veris toward a new chapter as a pure-play residential powerhouse. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/657dd48e4da29177