Chairman and Chief Investment Officer, Erez Asset Management
Appears in 1 story
Activist investor who pushed for strategic review; holds 4.87% of Veris shares
Veris Residential, a publicly traded apartment landlord with 7,681 units in the Northeast, has agreed to sell itself to a private investor group led by Affinius Capital for $19.00 per share in cash. The deal values the company at $3.4 billion and removes it from the New York Stock Exchange. An activist investor prompted this, publicly demanding weeks earlier that the company sell itself and arguing its shares traded at a steep discount to the buildings' actual value.
Updated May 29
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