An undisclosed buyer completed the acquisition of The Metropolitan Lofts in downtown Morristown from Veris Residential, Inc. and Woodmont Properties, Inc. for $30.3 million.
January 15, 2024
Share
An undisclosed buyer acquired The Metropolitan Lofts in downtown Morristown from Veris Residential, Inc. (NYSE:VRE) and Woodmont Properties, Inc. for $30.3 million on January 16, 2024. Gebroe-Hammer Associates and Berkadia Orchestrate have brokered the transaction.
An undisclosed buyer completed the acquisition of The Metropolitan Lofts in downtown Morristown from Veris Residential, Inc. (NYSE:VRE) and Woodmont Properties, Inc. on January 16, 2024.
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.
An undisclosed buyer completed the acquisition of The Metropolitan Lofts in downtown Morristown from Veris Residential, Inc. and Woodmont Properties, Inc. for $30.3 million.
VERIS RESIDENTIAL, INC. 
