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Veris Residential is using Gasthalter & Co. as it receives a hostile takeover bid from Kushner Cos.
The bulk of the Jersey City-based real estate investment trust’s properties are located in the Garden State. They include complexes such as Harborside and Port Imperial on the Hudson River overlooking Manhattan.
In his Oct. 20 letter to VR’s board of directors, Charles Kushner notes that he is willing to negotiate but has been “effectively ignored.”
He claims Veris has a bloated overhead and management with little experience in the management of multi-residential units.
Kushner also takes a swipe at Veris CEO London-based Mahbod Nia. “Veris cannot continue to be operated from Europe,” wrote Kushner.
Veris is evaluating Kushner Cos. $16-per-share offer.
Gashalter & Co. has Amanda Shipner and Grace Cartwright representing Veris.
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
