Veris Residential Consolidates Majority Stake in Jersey City Urby [Yahoo! Finance]
Veris Residential, Inc. (VRE)
Company Research
Source: Yahoo! Finance
Residential" or the "Company") (NYSE: VRE), a forward-thinking, Northeast-focused, Class A multifamily REIT, and Urby, a design-forward, hospitality-driven multifamily development brand, today announced that Veris Residential has acquired Ironstate Holdings' ("Ironstate") 15% stake in Jersey City Urby, a 762-unit, Class A multifamily property located on the Jersey City Waterfront, for $38.5 million , excluding transaction costs but including consideration for the termination of Urby's management contract and the annual tax credit. Upon the close of the transaction on April 21, 2025 , Veris Residential assumed management of the property, now known as Sable. "The consolidation of Veris Residential's ownership of Sable represents an exciting milestone for our Company as we continue to simplify our portfolio while accreting earnings through strategic capital allocation," commented Mahbod Nia , Chief Executive Officer of Veris Residential. "In addition to attracting strong demand given
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VRE
News
- Veris Residential (NYSE:VRE) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Veris Residential Completes $75 Million Sale of Harborside 8/9 Land Parcel [Yahoo! Finance]Yahoo! Finance
- Veris Residential Completes $75 Million Sale of Harborside 8/9 Land ParcelPR Newswire
- Veris Residential (NYSE:VRE) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Veris Residential (NYSE:VRE) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
VRE
Earnings
- 10/22/25 - Miss
VRE
Sec Filings
- 10/22/25 - Form 8-K
- 10/16/25 - Form 144
- 10/16/25 - Form 144
- VRE's page on the SEC website