Veris Residential Completes $75 Million Sale of Harborside 8/9 Land Parcel
Provided By PR Newswire
Last update: Dec 9, 2025
Proceeds Will Reduce Net Debt-to-EBITDA to approximately 9.0x
Transaction Expected to Be Accretive by Approximately $0.04 per Share to Core FFO
JERSEY CITY, N.J., Dec. 9, 2025 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE), (the "Company"), a forward-thinking, Northeast-focused, Class A multifamily REIT, today announced that it has sold its 4.2-acre Harborside 8/9 land parcel in Jersey City, New Jersey, for $75 million.
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