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Veris offloads Morris Plains multifamily for $85M with CBRE assist

Summary by NJBIZ
The basics: Veris sold Signature Place for $85M as part of its 2025 debt-reduction strategy CBRE advised on the fully leased, 197-unit Class A asset Buyer Berkshire gains a luxury multifamily property near downtown Morristown Veris applied $80M of proceeds to reduce its term loan balance Veris Residential has sold a Class A Morris County multifamily property for $85 million. CBRE and the seller separately announced the transaction this week for…
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NJBIZ broke the news in on Friday, July 11, 2025.
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