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Bruce Schanzer

Bruce Schanzer

Chairman and Chief Investment Officer, Erez Asset Management

Appears in 1 story

Notable Quotes

"Veris' shareholders could realize approximately $22 to $25 per share in a sale, after transaction expenses, representing roughly a 40% to 70% premium to Veris' current share price." — Bruce Schanzer, letter to Veris board, December 1, 2025

Stories

Veris Residential agrees to go private in $3.4 billion sale to Affinius Capital consortium

Money Moves

Activist investor who pushed for strategic review; holds 4.87% of Veris shares

Veris Residential, a publicly traded apartment landlord with 7,681 units across the Northeast United States, 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 will remove it from the New York Stock Exchange. It comes just weeks after an activist investor publicly demanded the company put itself up for sale, arguing that its shares traded at a steep discount to the actual value of its buildings.

Updated Feb 23