Two additional parcels are under binding contract in Hudson County for total sales price of $25.5 million. In Q2 the company also completed the sale of two land parcels, one in Jersey City and the other in Weehawken, for a combined price of $100 million. “We also saw continued leasing velocity at Haus25, which is now 66% leased and almost 50% occupied.” “Our multifamily portfolio posted another quarter of sector-leading same store rental and NOI growth, reflecting the significant steps we have taken over the past 18 months to reposition the portfolio and enhance our operational platform,” Nia said.
Since then, Veris recorded 30% growth in the number of units added (approximately 1,900) to its portfolio, Nia added. Take a look.Īccording to a statement from CEO Mahbod Nia, the company’s multifamily portfolio now represents 83% of net operating income on a pro forma basis at the end of the first quarter of 2021 that figure was 39%. As of the end of July, the property was 66% leased with 494 leases signed. Haus25 launched leasing in Jersey City in the spring.
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