Jay Parsons: Veris Residential sold amid 15-year REIT decline

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Artem Shendetskii

23.02.2026

Jay Parsons: Veris Residential sold amid 15-year REIT decline — Veris Residential sold amid trend

Jay Parsons has highlighted the latest development in the real estate investment trust (REIT) sector. Veris Residential, an apartment REIT known for its notably high renter incomes, has reportedly been sold or liquidated.

This continues the trend of REITs being sold or liquidated, with 18 such occurrences in the last 15 years, leaving approximately 12 still active. Veris Residential is recognized for managing 6,600 units with renter incomes averaging $480,000, creating a low rent-to-income ratio of 10-12%.

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