Mack-Cali Realty Corporation Announces Impairment Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 05:35 pm EDT
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Mack-Cali Realty Corporation announced impairment results for the second quarter ended June 30, 2021. For the quarter, the company reported property impairments of $6,041,000.
Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, and develops multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic land and commercial assets. The Company operates through two segments: multifamily real estate and services and commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related services for its multifamily real estate portfolio and commercial and other real estate located in the United States. The Company owns and has interests in 24 multifamily rental properties as well as non-strategic assets comprised of one office property, four parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings that reflect its commitment to sustainability.
VERIS RESIDENTIAL, INC. 
