Veris Residential to Be Acquired by Affinius Capital-Led Investor Consortium for $3.4 Billion

Veris Residential, Inc. has entered into a definitive merger agreement to be acquired by an investor consortium led by Affinius Capital and Vista Hill Partners for $3.4 billion, or $19.00 per share. This all-cash transaction represents a significant premium to Veris’s recent share prices and marks the culmination of the company’s strategic transformation into a pure-play multifamily REIT. The acquisition has been unanimously approved by Veris’s Board of Directors and is expected to close in the second quarter of 2026, pending shareholder approval.