Veris Residential to Merge with GIC-Backed Parent

Veris Residential, Inc. filed a PREM14A proxy statement dated March 25, 2026 to solicit stockholder approval for a special meeting via live webcast. Veris will ask stockholders to approve a merger proposal tied to an Agreement and Plan of Merger entered on February 23, 2026.

Under the merger agreement, Veris will merge with and into AC Residential Acquisition LP’s Merger Sub I, with Merger Sub I surviving as a wholly owned subsidiary of the parent. A second step merges Merger Sub II into Veris Residential, L.P., with the operating partnership surviving. The proxy notes that affiliates of GIC Real Estate and Affinius Capital Advisors will invest in the parent.