Submitted by mooseLimbsCatLicks t3_y93ns5 in jerseycity
VanWorst t1_it3fz8q wrote
The pivot Mack-Cali/Veris did is pretty insane...
> multifamily properties now account for 98 percent of Veris’ net income, the REIT said, up from 39 percent at the start of last year
N0_ThisIsPATRICK t1_it7j443 wrote
Their board was voted out by a private equity firm that took over and changed the direction of the company.
montblanc6 t1_it96dtr wrote
Probably a good direction now that with pandemic office spaces are going empty
driftingwood2018 t1_it4x862 wrote
The buyer, The Birch Group, has quite the opposite portfolio. Almost all suburban office.
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