Precio Veris Residential Inc (VRE)

Veris Residential, Inc. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and flex properties located primarily in the Northeast. The company is headquartered in Jersey City, New Jersey and currently employs 188 full-time employees. The firm owns, operates, acquires and develops Class A multifamily properties in the Northeast as well as a portfolio of non-strategic land and commercial assets. Its technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences. The firm operates as a single business segment, focusing on the ownership, operation and development of its multifamily real estate portfolio located in the United States. The firm owns and has interests in multifamily rental properties as well as non-strategic assets comprised of parking/retail properties, and developable land. The company seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings, including facilities such as clubrooms and lounges, among others.