Veris Residential Welcomes New Board Member
Veris Residential, Inc., a progressive real estate investment trust (REIT) focused on the Northeast, is thrilled to announce a significant addition to its Board of Directors. Christopher Papa, an accomplished Executive Vice President and Chief Financial Officer from CenterPoint Properties, has joined the Board, bringing over 30 years of expertise in multifamily real estate, audit, and mergers and acquisitions.
Experience and Vision of Christopher Papa
Christopher Papa's career reflects a deep commitment to excellence in real estate finance and operations. His extensive background includes pivotal roles as CFO at both Post Properties and Liberty Property Trust. His rich experience equips him to effectively contribute to Veris Residential's vision of maximizing value for its shareholders. His leadership in multifamily housing is an asset that aligns perfectly with Veris Residential's strategic goals.
Shifting Dynamics on the Board
In conjunction with Mr. Papa's appointment, Veris Residential announces the departure of Ronald M. Dickerman, who has made a substantial impact on the Board during his tenure. His decision to step down has been made with the broader interests of Veris shareholders in mind, as he takes on increased responsibilities at Madison International Realty.
The Board Chair's Perspective
Tammy K. Jones, Board Chair, emphasized the importance of Mr. Dickerman's contributions and expressed gratitude for his insights and perspectives. Ms. Jones noted that Mr. Papa’s seasoned experience in multifamily leadership and his financial acumen will greatly benefit the Board as they navigate the evolving landscape of real estate investment.
Contributions of Ronald M. Dickerman
Ronald M. Dickerman's time on the Board was marked by strategic achievements and a focus on shareholder value. His decision to continue as an engaged shareholder showcases his confidence in Veris Residential's direction and the dedicated management team.
A Bright Future Ahead
Christopher Papa is excited about joining Veris Residential at such a pivotal moment for the Company. He acknowledges the firm’s strong portfolio of Class A multifamily properties and its commitment to innovative technology solutions that enhance the living experiences of their residents. His mission aligns with ensuring that Veris Residential continues to thrive and create sustainable value for all stakeholders.
Overview of Veris Residential
Veris Residential operates as a leading REIT dedicated to owning, operating, and developing premier Class A multifamily properties primarily in the Northeast. Guided by a highly experienced management team and grounded in effective corporate governance, Veris Residential stands out for its commitment to creating enriching living environments for residents while positively impacting surrounding communities.
Contact Information
For more insights into Veris Residential and its exciting initiatives, interested parties may reach out to:
Mackenzie Rice
Director, Investor Relations
Email: investors@verisresidential.com
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
Phone: 212-257-4170
Email: veris-residential@gasthalter.com
Frequently Asked Questions
What is Veris Residential, Inc.?
Veris Residential, Inc. is a REIT focused on owning and developing premier multifamily properties in the Northeast, emphasizing high-quality, contemporary living.
Who is Christopher Papa?
Christopher Papa is the new Executive Vice President and CFO at Veris Residential with an extensive background in multifamily real estate and finance.
What role does Tammy K. Jones have?
Tammy K. Jones is the Chair of the Board of Veris Residential, overseeing its strategic direction and governance.
Why did Ronald M. Dickerman step down?
Ronald M. Dickerman stepped down to provide flexibility in managing his responsibilities at Madison International Realty while supporting Veris Residential as a shareholder.
How can I learn more about Veris Residential?
For more information, you can reach out to their investor relations department via email or visit their official website.
