Veris Residential Completes $75 Million Sale of Harborside 8/9 Land Parcel
Veris ResidentialVeris Residential(US:VRE) Prnewswire·2025-12-10 05:15

Proceeds Will Reduce Net Debt-to-EBITDA to approximately 9.0x Transaction Expected to Be Accretive by Approximately 0.04perSharetoCoreFFOJERSEYCITY,N.J.,Dec.9,2025/PRNewswire/−−VerisResidential,Inc.(NYSE:VRE),(the"Company"),aforward−thinking,Northeast−focused,ClassAmultifamilyREIT,todayannouncedthatithassoldits4.2−acreHarborside8/9landparcelinJerseyCity,NewJersey,for0.04 per Share to Core FFO JERSEY CITY, N.J., Dec. 9, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it has sold its 4.2-acre Harborside 8/9 land parcel in Jersey City, New Jersey, for 75 million. Net proceeds are estimated to be approximately $69 million, which the Company inte ...