Veris Residential to be acquired later this year.

Veris Residential is being acquired by a group of investors led by Affinius Capital in partnership with Vista Hill Partners. The transaction is expected to close in the second quarter of this year.

"Since the reconstitution of the Board in 2020, Veris has undergone a remarkable transformation into a sector-leading, pure-play multifamily REIT," said Tammy K. Jones, Veris Board of Directors Chair.

Veris will no longer be listed on the New York Stock Exchange.