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Veris Residential (NYSE:VRE) +18.7% post-market Thursday after The Wall Street Journal reported the Kushner real estate firm is making an unsolicited buyout bid for the New Jersey-based REIT.
Kushner Cos offered $16/share, which would value Veris (VRE) at ~$4.3B, according to the report.
Veris (VRE) primarily owns New Jersey rental apartments “that meet the sustainability-conscious lifestyle needs of today’s residents while seeking to positively impact the communities it serves and the planet at large,” the company’s profile says.
