An investor consortium led by Affinius Capital and Vista Hill Partners completes the $3.5 billion acquisition of multifamily REIT Veris Residential, taking the firm private.
An investor consortium led by Affinius Capital and Vista Hill Partners has finalized the $3.5 billion acquisition of Veris Residential. The transaction, which was initially announced in February 2026, involves an all-cash deal at $19.00 per share, resulting in the privatization of the former multifamily REIT. The financing for this major acquisition included a combination of debt and equity, notably featuring a $2.1 billion bridge loan.
Veris Residential’s portfolio is comprised of Class A multifamily assets situated throughout the Northeast, with a heavy concentration in the New York City metro area, New Jersey, and Massachusetts. Affinius Capital, which maintains approximately $61 billion in assets under management, plans to leverage the portfolio to enhance performance and meet its long-term return objectives.
Affinius Capital secures a $55 million refinancing loan for Venture Park 47, a 729,823-square-foot industrial facility in Huntley, Illinois.
Developers break ground on a 125-acre mixed-use waterfront project located at 2800 Executive Way in Miramar.
Cervelli Real Estate & Property Management adds three multifamily properties totaling three apartment buildings in Jersey City to its management portfolio.
Seagate Properties secures a $45 million loan from John Hancock to refinance the 130,000-square-foot Montecito Plaza retail center in San Rafael.
Developers propose a 25-story mixed-use tower at 120 S Dixie Hwy in West Palm Beach that will feature workforce housing.
Clinton County officials and residents have broken ground on a $40 million high school in Albany financed by a voter-approved 'double nickel' property tax increase.
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