Veris Residential Welcomes Christopher Papa as New Board Member to Drive Strategic Direction

Veris Residential Welcomes Christopher Papa to Its Board

On July 23, 2025, Veris Residential, Inc. (NYSE: VRE) revealed the appointment of Christopher Papa as a new member of its Board of Directors, reinforcing its commitment to excellence in the multifamily real estate sector. With a rich background in real estate, corporate finance, and auditing, Papa brings over 30 years of experience that is expected to significantly contribute to the company's strategic vision and initiatives. His extensive career includes previous positions as Chief Financial Officer (CFO) of prominent companies, such as Post Properties, Inc. and Liberty Property Trust.

Papa's expertise in multifamily real estate, along with his profound knowledge in managing complex transactions, are seen as valuable assets that will enhance Veris Residential's board dynamic. The decision to bring him on board coincides with the announcement that Ronald M. Dickerman, the current President and Founder of Madison International Realty, will be stepping down from the board. This move reflects careful consideration of the interests of Veris shareholders along with the necessity of allowing Dickerman greater freedom to manage his obligations with Madison and its fiduciary duties.

Tammy K. Jones, Chair of the Board at Veris Residential, expressed gratitude for Dickerman's contributions, acknowledging the shareholder perspective he brought during his tenure. She also warmly welcomed Papa, emphasizing how his leadership experience and financial acumen would complement the existing expertise on the board. Jones noted, “As Veris Residential continues to execute its corporate plan, we are confident that Chris' fresh perspectives and significant knowledge of the industry landscape will help us continue to create and unlock value for all Veris Residential shareholders.”

Papa, excited about his new role, stated, “I am honored to join the Board of Veris Residential, a high-achieving pure-play multifamily REIT, at this exciting time for the Company. Veris Residential's strong portfolio of Core, Class A multifamily properties, tech-enabled operating platform, and ongoing optimization have positioned the Company for continued success.” He expressed eagerness to align with other directors to drive forward the corporate strategy aimed at maximizing shareholder value.

Meanwhile, Dickerman expressed pride in his contributions to the transformation of Veris Residential into a recognized Class A multifamily REIT. He voiced his commitment to the company's strategic path, management team, and overall direction, as he transitions out of the board but remains an involved shareholder.

Veris Residential stands as a forward-thinking real estate investment trust that primarily owns, operates, acquires, and develops premier Class A multifamily properties in the Northeast. The company's technologically advanced and vertically integrated operating platform aims to provide modern living experiences while positively impacting the communities it serves. Helmed by an experienced leadership team and guided by principles of corporate governance, Veris Residential continues to empower its workforce while focusing on operational excellence.

In conclusion, the appointment of Christopher Papa to Veris Residential's board signifies the company's strategic efforts to enhance its leadership and continue its growth trajectory in the multifamily sector. Stakeholders can look forward to the insights and direction that Papa will bring as the company endeavors to elevate its market position and shareholder value further. For more information about Veris Residential and its properties, visit Veris Residential.