CSG Law Proud to Assist Investor Consortium With $3.5 Billion Acquisition of Veris Residential
Chiesa Shahinian Giantomasi PC (CSG Law) congratulates its clients, Affinius Capital and Vista Hill Partners, on leading the investor consortium that acquired the outstanding common stock of Veris Residential, Inc. (Veris) and transitioned the publicly traded real estate investment trust to a privately-owned company in an all-cash $3.5 billion transaction that closed in late May.
The Veris portfolio consists of Class A multifamily properties and is largely concentrated in New Jersey. The Garden State assets are uniquely situated in the real estate stronghold of Jersey City and the famed Port Imperial district on the Hudson River waterfront.
A multi-disciplined CSG Law team from the firm’s Real Estate, Real Property Taxation & Incentives, and Redevelopment, Land Use & Zoning Groups supported the consortium and its professionals in the in-depth diligence effort on the New Jersey properties forming the core of the underlying portfolio.
“CSG Law is proud to have played an integral team role in this historic transaction,” said CSG Law Real Estate Chair Mitchell S. Berkey. “We are so pleased to continue representing the new AC Residential REIT LLC ownership group as it implements its investment strategy going forward.”