Veris Residential (NYSE:VRE) (NYSE: VRE) is a publicly traded real estate investment trust that focuses on the acquisition, development, ownership and management of high-quality, Class A multifamily residential communities. As a pure-play residential REIT, Veris Residential offers a range of apartment homes designed to appeal to both urban and suburban renters seeking modern living spaces enhanced with amenities and services.
The company’s portfolio consists of contemporary apartment buildings that feature studio, one-, two- and three-bedroom floor plans. Residents benefit from amenities such as fitness centers, landscaped courtyards, rooftop terraces, business lounges and pet-friendly facilities. Veris Residential partners with professional management teams to oversee operations, leasing, marketing and maintenance to ensure communities are well maintained and resident needs are met.
Veris Residential traces its origins to Mack-Cali Realty Corporation, which was formed in 1997 through the merger of The Mack Company and Cali Realty. In November 2020, the company completed the sale of its commercial office assets and rebranded as Veris Residential, emerging as a pure-play multifamily REIT. Under the leadership of President and Chief Executive Officer Anthony E. Maluso, Veris Residential continues to pursue disciplined growth and operational excellence in the residential sector.
The company’s assets are concentrated in high-barrier-to-entry markets along the U.S. East Coast, including the New Jersey suburbs, the greater New York metropolitan area and the Washington, D.C. region. By focusing on markets with strong demographics and limited new supply, Veris Residential seeks to generate stable rental income and long-term value for its shareholders.
