Northwind Group Provides a $65 Million First-Mortgage Loan Secured by a 33-Story Class A Office Building Within the Jersey City Waterfront's Harborside Financial Center [Yahoo! Finance]
Veris Residential, Inc. (VRE)
Company Research
Source: Yahoo! Finance
that through its closed-end debt funds it provided a $65 million first mortgage, senior secured acquisition loan collateralized by Harborside 5, a 33-story Class A office property totaling over 1.5 million GSF including a 1,150-space parking garage featuring unobstructed views of the Manhattan skyline and located adjacent to the Exchange Place PATH train and ferry station in the waterfront district of Jersey City, NJ The property was acquired by 601W Companies, a leading office owner & operator and a repeat borrower of Northwind. In 2021, Northwind provided a $60 million bridge loan to 601W Companies on a 690K GSF office building in West Loop market of Chicago . The loan was fully repaid with a construction loan which capitalized for costs to reposition and modernize the asset. 601W Companies owns 20 million SF of commercial space across over 20 office buildings, with a collective value of ~6 billion. With the acquisition of Harborside 5, the Sponsorship adds to its Jersey City wate
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News
- Veris Residential, Inc. Reports First Quarter 2024 ResultsPR Newswire
- Veris Residential, Inc. Announces Dates for First Quarter 2024 Financial Results and WebcastPR Newswire
- Veris Residential, Inc. (NYSE: VRE) had its price target lowered by analysts at Truist Financial Co. from $15.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Veris Residential Declares Quarterly Cash DividendPR Newswire
- Veris Residential, Inc. (NYSE:VRE) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
VRE
Earnings
- 4/24/24 - Miss
VRE
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 8-K
- VRE's page on the SEC website