An unknown buyer acquired Riverwatch Commons in New Brunswick from Mack-Cali Realty Corporation for $47 million.
January 06, 2021
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An unknown buyer acquired Riverwatch Commons in New Brunswick from Mack-Cali Realty Corporation (NYSE:CLI) for $47 million on January 6, 2021. In a related transaction, Mack-Cali Realty sold its interest in Crystal House Apartments in Arlington.
An unknown buyer completed the acquisition of Riverwatch Commons in New Brunswick from Mack-Cali Realty Corporation (NYSE:CLI) on January 6, 2021.
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. 
