Veris Residential Appoints Christopher Papa to Board of Directors
Veris Residential (NYSE: VRE), a Northeast-focused Class A multifamily REIT, has announced significant changes to its Board of Directors. Christopher Papa, currently EVP and CFO at CenterPoint Properties, has been appointed to the Board effective July 23, 2025. Papa brings over 30 years of experience in real estate, accounting, and corporate finance, with particular expertise in multifamily real estate from his previous roles as CFO at Post Properties and Liberty Property Trust.
Simultaneously, Ronald M. Dickerman, President and Founder of Madison International Realty, will step down from the Board to provide Madison with greater flexibility to trade VRE shares in accordance with its fiduciary duties. The Board transition comes as Veris Residential continues to execute its corporate strategy as a pure-play multifamily REIT.
Veris Residential (NYSE: VRE), un REIT multifamiliare di Classe A focalizzato nel Nord-Est, ha annunciato importanti cambiamenti nel suo Consiglio di Amministrazione. Christopher Papa, attualmente EVP e CFO presso CenterPoint Properties, è stato nominato membro del Consiglio a partire dal 23 luglio 2025. Papa vanta oltre 30 anni di esperienza nel settore immobiliare, nella contabilità e nella finanza aziendale, con una particolare competenza nel settore multifamiliare derivante dai suoi precedenti ruoli di CFO presso Post Properties e Liberty Property Trust.
Contestualmente, Ronald M. Dickerman, Presidente e Fondatore di Madison International Realty, si dimetterà dal Consiglio per consentire a Madison una maggiore flessibilità nel trading delle azioni VRE, in linea con i suoi doveri fiduciari. Questa transizione nel Consiglio avviene mentre Veris Residential continua a portare avanti la sua strategia aziendale come REIT specializzato esclusivamente nel multifamiliare.
Veris Residential (NYSE: VRE), un REIT multifamiliar de Clase A enfocado en el Noreste, ha anunciado cambios significativos en su Junta Directiva. Christopher Papa, actualmente EVP y CFO en CenterPoint Properties, ha sido nombrado miembro de la Junta a partir del 23 de julio de 2025. Papa aporta más de 30 años de experiencia en bienes raíces, contabilidad y finanzas corporativas, con especialización en bienes raíces multifamiliares gracias a sus anteriores cargos como CFO en Post Properties y Liberty Property Trust.
Al mismo tiempo, Ronald M. Dickerman, Presidente y Fundador de Madison International Realty, renunciará a la Junta para otorgar a Madison mayor flexibilidad para negociar acciones de VRE conforme a sus deberes fiduciarios. Esta transición en la Junta se produce mientras Veris Residential continúa ejecutando su estrategia corporativa como un REIT exclusivamente multifamiliar.
Veris Residential (NYSE: VRE)는 미국 북동부에 집중된 클래스 A 다가구 REIT로서 이사회에 중대한 변화를 발표했습니다. 현재 CenterPoint Properties의 EVP 겸 CFO인 Christopher Papa가 2025년 7월 23일부로 이사회에 합류합니다. Papa는 부동산, 회계, 기업 금융 분야에서 30년 이상의 경력을 보유하고 있으며, Post Properties와 Liberty Property Trust에서 CFO로 근무한 경험을 통해 다가구 부동산에 대한 전문성을 갖추고 있습니다.
동시에 Madison International Realty의 창립자이자 사장인 Ronald M. Dickerman은 Madison이 VRE 주식을 신탁 의무에 따라 보다 유연하게 거래할 수 있도록 이사회에서 물러납니다. 이사회 변화는 Veris Residential이 순수 다가구 REIT로서 기업 전략을 지속적으로 실행하는 가운데 이루어졌습니다.
Veris Residential (NYSE : VRE), un REIT multifamilial de classe A axé sur le Nord-Est, a annoncé des changements importants au sein de son conseil d'administration. Christopher Papa, actuellement EVP et CFO chez CenterPoint Properties, a été nommé membre du conseil à compter du 23 juillet 2025. Papa apporte plus de 30 ans d'expérience dans l'immobilier, la comptabilité et la finance d'entreprise, avec une expertise particulière dans l'immobilier multifamilial acquise lors de ses précédents postes de CFO chez Post Properties et Liberty Property Trust.
Parallèlement, Ronald M. Dickerman, président et fondateur de Madison International Realty, démissionnera du conseil afin de permettre à Madison une plus grande flexibilité dans la négociation des actions VRE conformément à ses obligations fiduciaires. Cette transition au sein du conseil intervient alors que Veris Residential poursuit l'exécution de sa stratégie d'entreprise en tant que REIT exclusivement dédié au multifamilial.
Veris Residential (NYSE: VRE), ein auf den Nordosten fokussierter Class-A-Multifamily-REIT, hat bedeutende Veränderungen in seinem Vorstand bekannt gegeben. Christopher Papa, derzeit EVP und CFO bei CenterPoint Properties, wurde mit Wirkung zum 23. Juli 2025 in den Vorstand berufen. Papa bringt über 30 Jahre Erfahrung in den Bereichen Immobilien, Buchhaltung und Unternehmensfinanzen mit, mit besonderer Expertise im Bereich Multifamily-Immobilien durch seine vorherigen Positionen als CFO bei Post Properties und Liberty Property Trust.
Gleichzeitig wird Ronald M. Dickerman, Präsident und Gründer von Madison International Realty, aus dem Vorstand ausscheiden, um Madison größere Flexibilität beim Handel mit VRE-Aktien im Einklang mit seinen Treuepflichten zu ermöglichen. Der Wechsel im Vorstand erfolgt, während Veris Residential seine Unternehmensstrategie als reiner Multifamily-REIT weiter verfolgt.
- Appointment of Christopher Papa brings 30+ years of specialized multifamily real estate and financial expertise to the Board
- Addition of experienced audit and M&A expertise through Papa's background as former Audit Partner at BDO Seidman and Arthur Andersen
- Maintains strong relationship with departing board member Dickerman, who remains a large shareholder
- Loss of direct board representation from Madison International Realty, a significant shareholder
- Potential for increased trading activity in VRE shares by Madison International Realty
Seasoned Real Estate CFO Brings Significant Multifamily Real Estate, Audit and M&A Experience to Board
Ronald M. Dickerman to Step Down from Board
JERSEY CITY, N.J., July 23, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced the appointment of Christopher Papa, Executive Vice President and Chief Financial Officer at CenterPoint Properties, to the Company's Board of Directors (the "Board"), effective July 23, 2025. Mr. Papa has over 30 years of experience working across real estate, accounting and corporate finance and brings specialized expertise in multifamily real estate, audit and M&A to the Board, having previously served as CFO at Post Properties, Inc. and Liberty Property Trust.
Veris Residential also announced that Ronald M. Dickerman, President and Founder of Madison International Realty ("Madison"), will be stepping down from the Board effective July 23, 2025, after taking into careful consideration the best interests of Veris shareholders, the demands of his position with Madison and his need to provide Madison with greater flexibility to trade Veris Residential shares in accordance with its fiduciary duty to its fund investors.
Tammy K. Jones, Board Chair of Veris Residential, said, "Over the last two years, Ron has brought an important shareholder perspective to the boardroom. We are grateful for his commitment and service to the Company during a time of tremendous strategic and operational achievement for our business, and we look forward to his ongoing contributions in his role as shareholder."
Ms. Jones continued: "We are pleased to welcome Chris to the Veris Residential Board. His years of multifamily leadership experience at Post Properties, coupled with his deep audit and accounting expertise and proven track record of overseeing complex transactions, powerfully complement the Board's existing skillset. As Veris Residential continues to execute its corporate plan, we are confident that Chris' fresh perspectives and significant knowledge of the industry landscape will help us continue to create and unlock value for all Veris Residential shareholders."
Mr. Papa commented, "I am honored to join the Board of Veris Residential, a high-achieving pure-play multifamily REIT, at this exciting time for the Company. Veris Residential's strong portfolio of Core, Class A multi-family properties, tech-enabled operating platform, and ongoing optimization have positioned the Company for continued success. I look forward to working alongside my fellow directors to advance the Company's corporate strategy as we seek to maximize value for all shareholders."
"As a large, longstanding shareholder of Veris Residential, I am proud of my contributions as a director to the Company's transformation into a Class A multifamily REIT and its establishment of a three-pronged approach for ongoing value creation," added Mr. Dickerman. "As I step down from the Board, I do so with strong conviction in Veris Residential's strategic direction, Board and management team, and I look forward to remaining an engaged shareholder."
Prior to joining CenterPoint Properties in 2020, Mr. Papa served for approximately four years as EVP and CFO of Liberty Property Trust (now Prologis), a REIT focused on industrial and office properties. Before that, he was EVP and CFO of Post Properties, Inc. (now MAA), one of the largest developers and operators of upscale multifamily communities in the
Ferguson Partners, a leading executive search firm, assisted Veris Residential in recruiting Mr. Papa.
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking 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/.
Contact
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Mackenzie Rice
Director, Investor Relations
investors@verisresidential.com
Media
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
212-257-4170
veris-residential@gasthalter.com
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SOURCE Veris Residential, Inc.
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