Affinius-led group closes $3.5B acquisition of Veris Residential

Veris Residential announced that an investor consortium led by Affinius Capital, in partnership with Vista Hill Partners, has completed the acquisition of all outstanding shares of the company's common stock. The $19.00 per share all-cash transaction represents an implied enterprise value of approximately $3.5B. Veris owns and operates primarily Class A multifamily properties across the U.S. Northeast.