Affinius Capital-Led Investor Consortium Completes $3.5 Billion Acquisition of Veris Residential

Rhea-AI Summary

Veris Residential (NYSE: VRE) announced completion of its acquisition by an investor consortium led by Affinius Capital with Vista Hill Partners. The all-cash deal values Veris at an implied enterprise value of about $3.5 billion at $19.00 per share.

Following closing, Veris Residential common stock has ceased trading on the New York Stock Exchange.

Positive

• All outstanding Veris Residential shares acquired for $19.00 in cash per share
• Transaction implies approximately $3.5 billion enterprise value for Veris Residential
• Acquisition by Affinius Capital-led consortium provides immediate cash liquidity to Veris shareholders

Negative

• Veris Residential common stock has ceased trading on the NYSE
• Shareholders lose ongoing public-market exposure to Veris Residential after acquisition close

Market Context

This announcement confirms the closing of the Affinius-led acquisition of Veris Residential at $19.0...

Analysis

This announcement confirms the closing of the Affinius-led acquisition of Veris Residential at $19.00 per share, with an implied value of $3.5 billion and NYSE delisting. It follows the February deal announcement and subsequent shareholder approvals. Investors tracking this name would focus on final cash settlement terms, treatment of different security classes, and any remaining corporate or tax considerations tied to the transaction structure.

Key Figures

Acquisition price: $19.00 per share Enterprise value: $3.5 billion

2 metrics

Acquisition price $19.00 per share Cash consideration for each Veris common share

Enterprise value $3.5 billion Implied transaction enterprise value for Veris Residential

Previous Acquisition Reports

1 past event · Latest: Feb 23 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 23	Acquisition announcement	Positive	+12.2%	Cash buyout at $19.00 per share with significant premium disclosed.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The prior acquisition announcement triggered a strong positive move, and trading has since anchored around the agreed cash offer.

Recent Company History

Over the last few months, Veris Residential’s path has been dominated by its sale process. The Feb 23, 2026 announcement of a cash acquisition at $19.00 per share with an implied $3.4B enterprise value led to a 12.16% jump as the market repriced toward the offer. Today’s completion news confirms that path, with shares already trading tightly around the deal level ahead of delisting.

Key Terms

real estate investment trust (reit), bridge loan

2 terms

real estate investment trust (reit) financial

"a Northeast-focused, Class A multifamily real estate investment trust (REIT)"

A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate like shopping malls, apartments, or office buildings. Investors buy shares of the REIT, making it easy for people to invest in real estate without buying property themselves, and it often pays regular dividends from the rent it collects.

View in glossary

bridge loan financial

"Goldman Sachs & Co LLC acted as the lead arranger and underwriter on the bridge loan."

A bridge loan is a short-term loan used to quickly provide funds until a larger, long-term financing option is in place. It acts like a temporary bridge, helping individuals or businesses cover immediate expenses or complete transactions without delay. For investors, it’s important because it offers quick access to cash but often comes with higher costs and short repayment periods.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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JERSEY CITY, N.J., May 27, 2026 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE, "Veris" or the "Company"), a Northeast-focused, Class A multifamily real estate investment trust (REIT), today announced that an investor consortium led by Affinius Capital ("Affinius") in partnership with Vista Hill Partners ("Vista Hill", and together with Affinius, the "Investor Consortium") has completed the previously announced acquisition of all of the outstanding shares of common stock of Veris for $19.00 per share in an all-cash transaction representing an implied enterprise value of approximately $3.5 billion. With the completion of the transaction, the Company's common stock has ceased trading on the New York Stock Exchange.

Advisors

J.P. Morgan and Morgan Stanley & Co. LLC acted as financial advisors to Veris, while Weil, Gotshal & Manges LLP and Seyfarth Shaw LLP acted as legal advisors.

UBS Investment Bank acted as lead buyside financial advisor. Goldman Sachs & Co LLC also acted as financial advisor. Skadden, Arps, Slate, Meagher & Flom LLP, Greenberg Traurig, LLP and Simpson Thacher & Bartlett LLP acted as legal advisors to members of the buyside. Eastdil Secured acted as real estate advisor to the buyside. Goldman Sachs & Co LLC acted as the lead arranger and underwriter on the bridge loan. UBS Securities LLC also acted as co-arranger and underwriter on the bridge loan. Gibson, Dunn & Crutcher LLP acted as legal counsel to Goldman Sachs & Co LLC.

About Veris Residential, Inc.

Veris Residential, Inc. is a real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment.

For additional information on Veris Residential, Inc. and our properties available for lease, please visit http://www.verisresidential.com/.

About Affinius Capital

Affinius Capital® is an integrated institutional real estate investment firm focused on value creation and income generation, with $61 billion in assets under management. Over its 40-year history, the firm's diversified portfolio of equity and credit investments across North America and Europe has included more than $14 billion in U.S. multifamily acquisitions and developments representing approximately 35,000 units. For more information, visit www.affiniuscapital.com.

About Vista Hill Partners

Vista Hill Partners is a real estate investment and development firm focused on acquiring and enhancing distinctive property portfolios within clustered real estate markets. Founded by Bradford Klatt, co-founder and Managing Partner of Roseland Property Company and Canoe Brook Partners, the firm's leadership brings more than 35 years of experience in the acquisition, repositioning, and development of high-value assets across the Northeastern United States, Texas, and Europe. The firm is co-led by Jonathan Kushner of Kushner Real Estate Group. Kushner Real Estate Group is based in Jersey City and owns and manages thousands of apartments in the tri-state area.

Media:
Bruce Beck/DB&R Marketing Communications
818-540-8077
bruce@dbrpr.com

View original content:https://www.prnewswire.com/news-releases/affinius-capital-led-investor-consortium-completes-3-5-billion-acquisition-of-veris-residential-302782465.html

SOURCE Veris Residential, Inc.

FAQ

What did Affinius Capital announce about the Veris Residential (NYSE: VRE) acquisition on May 27, 2026?

Affinius Capital led a consortium that completed acquiring all Veris Residential shares for $19.00 in cash per share. According to Veris Residential, the deal represents an implied enterprise value of about $3.5 billion and marks the closing of the transaction.

What price per share was paid in the Veris Residential (VRE) buyout by the Affinius-led investor consortium?

Veris Residential shareholders received $19.00 in cash per share in the buyout. According to Veris Residential, this all-cash consideration was paid for all outstanding common shares as part of a transaction implying an enterprise value of approximately $3.5 billion.

What is the total implied enterprise value of the Veris Residential (VRE) acquisition completed in May 2026?

The completed Veris Residential acquisition carries an implied enterprise value of about $3.5 billion. According to Veris Residential, this valuation is based on the all-cash purchase of all outstanding common shares at $19.00 per share by the Affinius Capital-led investor consortium.

What happens to Veris Residential (VRE) stock after the Affinius Capital acquisition closes?

Veris Residential common stock has ceased trading on the New York Stock Exchange following the acquisition. According to Veris Residential, completion of the all-cash transaction means VRE shares are no longer listed, ending public-market trading in the company’s stock.

Who acquired Veris Residential (VRE) and which firms participated in the investor consortium?

Veris Residential was acquired by an investor consortium led by Affinius Capital with Vista Hill Partners. According to Veris Residential, Affinius and Vista Hill together formed the consortium that purchased all outstanding common shares in the approximately $3.5 billion transaction.

Which financial advisors worked on the Veris Residential (VRE) acquisition transaction?

J.P. Morgan and Morgan Stanley & Co. acted as financial advisors to Veris Residential in the deal. According to Veris Residential, UBS Investment Bank and Goldman Sachs & Co advised the buyside, with Goldman Sachs & Co and UBS Securities arranging and underwriting the bridge loan.

How was the Veris Residential (VRE) acquisition financed according to the companies involved?

Financing included a bridge loan arranged and underwritten by Goldman Sachs & Co, with UBS Securities as co-arranger and underwriter. According to Veris Residential, these institutions supported the Affinius Capital-led investor consortium in funding the all-cash $19.00 per share transaction.