GIC Real Estate to Merge with Veris Residential

Veris Residential, Inc. filed a DEFM14A proxy statement dated April 10, 2026 to solicit stockholder approval for a merger. On February 23, 2026, Veris entered into an Agreement and Plan of Merger with AC Residential Acquisition LP (Parent), AC Residential REIT LLC (Merger Sub I), AC Residential OP LP (Merger Sub II), and Veris Residential, L.P. as the operating partnership.

The transaction structure provides for Veris to merge into Merger Sub I, with Merger Sub I surviving as a wholly owned subsidiary of Parent, and for Merger Sub II to merge into the Company Partnership with the Company Partnership surviving. The proxy also notes that affiliates of GIC Real Estate, Inc. and Affinius Capital Advisors LLC will invest in Parent.

A special meeting of Veris stockholders is scheduled for May 21, 2026 at 9:00 AM Eastern Time via live webcast.