Veris Residential Completes Acquisition by Investor Consortium
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: Newsfilter
- Acquisition Completed: The investor consortium led by Affinius Capital has successfully acquired Veris Residential for $19.00 per share, representing an overall transaction value of approximately $3.5 billion, marking a significant shift in the real estate investment trust sector.
- Stock Ceases Trading: Following the completion of the acquisition, Veris's common stock has ceased trading on the New York Stock Exchange, which will impact the investor base and future market performance.
- Strong Advisory Team: J.P. Morgan and Morgan Stanley acted as financial advisors to Veris, ensuring the smooth execution of the transaction, while multiple legal advisors participated in compliance, highlighting the complexity and professionalism of the deal.
- Significant Market Impact: This acquisition not only strengthens Affinius Capital and Vista Hill Partners' position in the Northeast real estate market but also opens up future investment opportunities, potentially driving regional real estate development.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy VRE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on VRE
Wall Street analysts forecast VRE stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 18.990
Low
15.00
Averages
17.00
High
18.00
Current: 18.990
Low
15.00
Averages
17.00
High
18.00
About VRE
Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops Class A multifamily properties in the Northeast as well as a portfolio of non-strategic land and commercial assets. Its technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences. The Company operates as a single business segment, focusing on the ownership, operation and development of its multifamily real estate portfolio located in the United States. The Company owns and has interests in multifamily rental properties as well as non-strategic assets comprised of parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings, including facilities such as clubrooms and lounges, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Veris Residential Completes Acquisition by Investor Consortium
- Acquisition Completed: The investor consortium led by Affinius Capital has successfully acquired Veris Residential for $19.00 per share, representing an overall transaction value of approximately $3.5 billion, marking a significant shift in the real estate investment trust sector.
- Stock Ceases Trading: Following the completion of the acquisition, Veris's common stock has ceased trading on the New York Stock Exchange, which will impact the investor base and future market performance.
- Strong Advisory Team: J.P. Morgan and Morgan Stanley acted as financial advisors to Veris, ensuring the smooth execution of the transaction, while multiple legal advisors participated in compliance, highlighting the complexity and professionalism of the deal.
- Significant Market Impact: This acquisition not only strengthens Affinius Capital and Vista Hill Partners' position in the Northeast real estate market but also opens up future investment opportunities, potentially driving regional real estate development.
See More
S&P SmallCap 600 Index Changes Announced
- New Additions: On May 27, 2026, Universal Technical Institute (UTI) will be added to the S&P SmallCap 600 Index, indicating recognition in the consumer discretionary sector, which is expected to enhance its market visibility and investor confidence.
- Company Deletion: On the same date, Veris Residential (VRE) will be removed from the S&P SmallCap 600 Index, reflecting its underperformance in the real estate sector, which may negatively impact its stock price.
- New Additions: Peloton Interactive (PTON) will also be included in the S&P SmallCap 600 Index on May 27, signaling its recovery potential in the consumer discretionary space, likely attracting more investor interest in its future growth.
- Company Deletion: Enviri Corporation (NVRI) will be removed on the same date, indicating insufficient competitiveness in the industrial sector, which may lead to decreased liquidity and weakened investor confidence.
See More
Changes to S&P SmallCap 600 Index Components Announced
- Component Replacement: The S&P SmallCap 600 Index will see Universal Technical Institute (UTI) replace Veris Residential (VRE) effective May 27, 2026, aimed at enhancing the index's representativeness and liquidity.
- Acquisition Dynamics: Veris Residential is being acquired by Affinius Capital and Vista Hill Partners, with the deal expected to close soon, which may impact investor confidence in the related market.
- New Public Company: Peloton Interactive (PTON) will replace Enviri Corporation (NVRI), which plans to spin off certain operations and assets into a new publicly traded company later this month, potentially leading to a reassessment of small-cap market dynamics.
- Industry Impact: This component adjustment reflects S&P Dow Jones Indices' ongoing efforts to optimize the representativeness of the small-cap market, which may attract more investor interest in small-cap investment opportunities.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Investigation Background: Halper Sadeh LLC is investigating companies such as XOMA Royalty Corporation, Organon & Co., and Veris Residential, Inc. for potential violations of federal securities laws and breaches of fiduciary duties to shareholders, with transaction prices at $39.00, $14.00, and $19.00 per share respectively, indicating potential threats to shareholder rights.
- Shareholder Rights Protection: The law firm encourages shareholders to contact them to discuss their rights and options, promising to provide legal services on a contingency fee basis, aiming to secure higher transaction prices and additional disclosures for affected investors, thereby enhancing legal protections for shareholders.
- Potential Impact: The investigation may lead to a reassessment of transaction terms, particularly those that could limit superior competing offers, and if successful, could yield greater financial benefits for shareholders, reflecting a commitment to corporate governance and transparency.
- Legal Service Commitment: Halper Sadeh LLC states it will represent investors globally in seeking legal remedies, having previously recovered millions for victims of securities fraud, showcasing its expertise and influence in addressing corporate misconduct.
See More
Investigations into Multiple Company Acquisitions
- Veris Acquisition Investigation: Veris Residential, Inc. is set to be acquired by Affinius Capital for $19.00 per share, representing an enterprise value of $3.4 billion, with investigations focusing on whether the board failed to conduct a fair process, potentially impacting shareholder rights.
- XOMA Transaction Scrutiny: XOMA Royalty Corporation will be acquired by Ligand Pharmaceuticals for $39.00 per share, totaling approximately $739 million, with investigations questioning whether the board ensured fair value for shareholders, especially as the offer is below the 52-week high of $42.38.
- Organon Acquisition Concerns: Organon & Co. is to be acquired by Sun Pharmaceutical for $14.00 per share, with an enterprise valuation of $11.75 billion, and investigations are looking into whether the board failed to conduct a fair process, which could harm shareholder interests.
- RE/MAX Transaction Investigation: RE/MAX Holdings, Inc. will be acquired by The Real Brokerage, allowing shareholders to choose between 5.152 shares of the new company or $13.80 in cash per share, with investigations questioning whether the board ensured the fairness of the transaction, potentially affecting shareholder rights.
See More
Vanguard Investments Announces May 2026 Cash Distributions
- Cash Distribution Announcement: Vanguard Investments Canada Inc. has announced cash distributions for May 2026, with unitholders of record on May 15, 2026, set to receive payments on May 25, indicating the company's ongoing cash flow and investment return capabilities.
- Distribution Amount Details: The Vanguard FTSE Canadian Capped REIT Index ETF will distribute $0.0739 per unit, while the Vanguard FTSE Canadian High Dividend Yield Index ETF will distribute $0.2090 per unit, reflecting the company's competitiveness in the high-yield investment sector.
- Asset Management Scale: As of February 28, 2026, Vanguard manages assets totaling CAD $145 billion, showcasing its strong influence and client base in the Canadian market, further solidifying its market leadership position.
- Global Asset Management: Vanguard manages a total of USD $12.3 trillion (approximately CAD $16.7 trillion) in global assets, including over USD $4.3 trillion in global ETF assets, underscoring its significant position and influence in the global investment management industry.
See More
Veris Residential Completes Acquisition by Investor Consortium
- Acquisition Completed: The investor consortium led by Affinius Capital has successfully acquired Veris Residential for $19.00 per share, representing an overall transaction value of approximately $3.5 billion, marking a significant shift in the real estate investment trust sector.
- Stock Ceases Trading: Following the completion of the acquisition, Veris's common stock has ceased trading on the New York Stock Exchange, which will impact the investor base and future market performance.
- Strong Advisory Team: J.P. Morgan and Morgan Stanley acted as financial advisors to Veris, ensuring the smooth execution of the transaction, while multiple legal advisors participated in compliance, highlighting the complexity and professionalism of the deal.
- Significant Market Impact: This acquisition not only strengthens Affinius Capital and Vista Hill Partners' position in the Northeast real estate market but also opens up future investment opportunities, potentially driving regional real estate development.
See More
S&P SmallCap 600 Index Changes Announced
- New Additions: On May 27, 2026, Universal Technical Institute (UTI) will be added to the S&P SmallCap 600 Index, indicating recognition in the consumer discretionary sector, which is expected to enhance its market visibility and investor confidence.
- Company Deletion: On the same date, Veris Residential (VRE) will be removed from the S&P SmallCap 600 Index, reflecting its underperformance in the real estate sector, which may negatively impact its stock price.
- New Additions: Peloton Interactive (PTON) will also be included in the S&P SmallCap 600 Index on May 27, signaling its recovery potential in the consumer discretionary space, likely attracting more investor interest in its future growth.
- Company Deletion: Enviri Corporation (NVRI) will be removed on the same date, indicating insufficient competitiveness in the industrial sector, which may lead to decreased liquidity and weakened investor confidence.
See More
Changes to S&P SmallCap 600 Index Components Announced
- Component Replacement: The S&P SmallCap 600 Index will see Universal Technical Institute (UTI) replace Veris Residential (VRE) effective May 27, 2026, aimed at enhancing the index's representativeness and liquidity.
- Acquisition Dynamics: Veris Residential is being acquired by Affinius Capital and Vista Hill Partners, with the deal expected to close soon, which may impact investor confidence in the related market.
- New Public Company: Peloton Interactive (PTON) will replace Enviri Corporation (NVRI), which plans to spin off certain operations and assets into a new publicly traded company later this month, potentially leading to a reassessment of small-cap market dynamics.
- Industry Impact: This component adjustment reflects S&P Dow Jones Indices' ongoing efforts to optimize the representativeness of the small-cap market, which may attract more investor interest in small-cap investment opportunities.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Investigation Background: Halper Sadeh LLC is investigating companies such as XOMA Royalty Corporation, Organon & Co., and Veris Residential, Inc. for potential violations of federal securities laws and breaches of fiduciary duties to shareholders, with transaction prices at $39.00, $14.00, and $19.00 per share respectively, indicating potential threats to shareholder rights.
- Shareholder Rights Protection: The law firm encourages shareholders to contact them to discuss their rights and options, promising to provide legal services on a contingency fee basis, aiming to secure higher transaction prices and additional disclosures for affected investors, thereby enhancing legal protections for shareholders.
- Potential Impact: The investigation may lead to a reassessment of transaction terms, particularly those that could limit superior competing offers, and if successful, could yield greater financial benefits for shareholders, reflecting a commitment to corporate governance and transparency.
- Legal Service Commitment: Halper Sadeh LLC states it will represent investors globally in seeking legal remedies, having previously recovered millions for victims of securities fraud, showcasing its expertise and influence in addressing corporate misconduct.
See More
Investigations into Multiple Company Acquisitions
- Veris Acquisition Investigation: Veris Residential, Inc. is set to be acquired by Affinius Capital for $19.00 per share, representing an enterprise value of $3.4 billion, with investigations focusing on whether the board failed to conduct a fair process, potentially impacting shareholder rights.
- XOMA Transaction Scrutiny: XOMA Royalty Corporation will be acquired by Ligand Pharmaceuticals for $39.00 per share, totaling approximately $739 million, with investigations questioning whether the board ensured fair value for shareholders, especially as the offer is below the 52-week high of $42.38.
- Organon Acquisition Concerns: Organon & Co. is to be acquired by Sun Pharmaceutical for $14.00 per share, with an enterprise valuation of $11.75 billion, and investigations are looking into whether the board failed to conduct a fair process, which could harm shareholder interests.
- RE/MAX Transaction Investigation: RE/MAX Holdings, Inc. will be acquired by The Real Brokerage, allowing shareholders to choose between 5.152 shares of the new company or $13.80 in cash per share, with investigations questioning whether the board ensured the fairness of the transaction, potentially affecting shareholder rights.
See More
Vanguard Investments Announces May 2026 Cash Distributions
- Cash Distribution Announcement: Vanguard Investments Canada Inc. has announced cash distributions for May 2026, with unitholders of record on May 15, 2026, set to receive payments on May 25, indicating the company's ongoing cash flow and investment return capabilities.
- Distribution Amount Details: The Vanguard FTSE Canadian Capped REIT Index ETF will distribute $0.0739 per unit, while the Vanguard FTSE Canadian High Dividend Yield Index ETF will distribute $0.2090 per unit, reflecting the company's competitiveness in the high-yield investment sector.
- Asset Management Scale: As of February 28, 2026, Vanguard manages assets totaling CAD $145 billion, showcasing its strong influence and client base in the Canadian market, further solidifying its market leadership position.
- Global Asset Management: Vanguard manages a total of USD $12.3 trillion (approximately CAD $16.7 trillion) in global assets, including over USD $4.3 trillion in global ETF assets, underscoring its significant position and influence in the global investment management industry.
See More
