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Direct Investment  + Alternative Assets  + M&As  + Real Estate  |  February 23, 2026
Affinius-Led Consortium to Acquire Veris Residential in $3.4B Take-Private Deal
By: Joe Palmisano

Affinius-Led Consortium to Acquire Veris Residential in $3.4B Take-Private Deal

Veris Residential, Inc., a Northeast-focused Class A multifamily REIT, has agreed to be acquired by an investor consortium led by Affinius Capital in partnership with Vista Hill Partners in an all-cash transaction valued at an implied enterprise value of $3.4 billion. 

Under the terms of the agreement, shareholders will receive $19 per share in cash, representing a 23.2% premium to Veris’ unaffected closing share price on February 4, 2026. The deal follows a comprehensive strategic review process led by Veris and its financial advisors, J.P. Morgan and Morgan Stanley. 

The company engaged a broad universe of potential buyers, including financial sponsors, sovereign wealth funds, pension funds and multifamily investment platforms, before selecting the Affinius-led consortium. The transaction is expected to close in the second quarter of 2026. 

“Today’s announcement marks the culmination of our strategic transformation into a top-performing pure-play multifamily REIT with Core, Class A properties concentrated in premier U.S. residential markets and our stated objective of realizing intrinsic value on behalf of our shareholders,” said Mahbod Nia, CEO of Veris. 

Financing for the acquisition will consist of a combination of equity investments and debt, including a $2.08 billion committed senior secured bridge loan facility. 

J.P. Morgan and Morgan Stanley & Co. LLC are serving as financial advisors to Veris, while Weil, Gotshal & Manges LLP and Seyfarth Shaw LLP are serving as legal advisors. 

UBS Investment Bank is acting as lead buyside financial advisor. Goldman Sachs & Co LLC is also serving as financial advisor. Skadden, Arps, Slate, Meagher & Flom LLP, Greenberg Traurig, LLP and Simpson Thacher & Bartlett LLP are serving as legal advisors to members of the buyside. Eastdil Secured is acting as real estate advisor to the buyside. Goldman Sachs & Co LLC is the lead arranger and underwriter on the bridge loan. UBS Securities LLC is also acting as co-arranger and underwriter on the bridge loan. Gibson, Dunn & Crutcher LLP is acting as legal counsel to Goldman Sachs & Co LLC. 

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Inside The Story

Veris Residential, Inc.Affinius Capital

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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