Chief Executive Officer & Director, Veris Residential
Search every verified Mahbod A.c.a. interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mahbod Nia, CEO of Veris Residential, has described the company’s transformation from a two-thirds office firm to a pure-play multifamily REIT, a process he said involved selling over $2.5 billion of office assets and growing its multifamily portfolio to over 7,000 units. In interviews, Nia stated that the company’s strategy is supported by strong market fundamentals, including job and wage growth, limited new supply in its core Jersey City waterfront market, and a long-term housing shortfall. He noted that Veris Residential has raised guidance, reinstated its dividend, and announced a plan to sell $300–500 million of less strategic assets to further deleverage its balance sheet and fund up to $100 million in share repurchases. Nia has also emphasized the company’s focus on environmental, social, and governance (ESG) initiatives, describing them as a lens for decision-making that aligns with shareholder value. He cited examples such as installing smart thermostats with a payback period of under a year, achieving a 50% reduction in scope 1 and 2 emissions over three years, and partnering with MIT’s Center for Real Estate on decarbonization research. Nia characterized the company’s approach as one that seeks to address climate risks while reducing operating expenses and improving returns.
“Well firstly thank you Trinity and the New York Stock Exchange for having us here it's it's an absolute pleasure and a really momentous moment to be here this is the 30th anniversary of of the company's public IPO which uh which happened in 1994 and I think you know we're really here to celebrate 30 years of the compan...”
“I've been there for four years uh when I joined uh we were really an office company 2third of the business was was Suburban office and there was a reconstitution of the board and then management team and we really shifted the strategy and it it's turned out to be the right call away from Office where we saw negative he...”
“we have a little over 200 employees who come in day in day out and really work uh put a lot of effort to extract the maximum value Val from from our assets we are in a fortunate position as a relatively new multif family company we have the highest quality properties in the market we've developed most of them the best...”
“there's been a trend that we've seen for some time now of almost a convergence of uh residential multif family with uh with hospitality uh and and Technology candidly and so I think what residents want is to have all the U efficiencies and the benefits of of of a tech oriented solution to managing their properties but...”
“This is the 30th anniversary of the company's public IPO which happened in 1994 and I think you know we're really here to celebrate 30 years of the company's existence which is really an accomplishment for any company if you think about all the external shocks and challenges that one faces and evolving trends that one...”
“We are in a fortunate position as a relatively new multifamily company; we have the highest quality properties in the market, we've developed most of them, the best amenitized in growth markets, and there seems to be a lot of demand for them particularly in a post-COVID world where people are still spending one or two...”
“When I joined, we were really an office company; two-thirds of the business was suburban office and there was a reconstitution of the board and then management team and we really shifted the strategy and it turned out to be the right call away from office where we saw negative headwinds to multifamily where we believe...”
“We've gone from really two-thirds office to no office in our multifamily and then as you said, it's really high performing overlaid a best-in-class operating platform using the latest technology including a number of AI solutions we have, the best personnel and they're really extracting a lot of value from those assets...”
“There has been a trend that we've seen for some time now of almost a convergence of residential multifamily with hospitality and so and technology candidly. I think what residents want is to have all the efficiencies and the benefits of a tech-oriented solution to managing their properties but with a human touch and th...”
“They want to have amenities to be able to not only live in their apartment but also have shared space where they can work, they can socialize, they can exercise. I mean our properties have a wide range of amenities from bowling alleys to karaoke rooms to amphitheaters and a whole host of golf simulators and so I think...”
“The macro fundamentals are still very strong with continued job and wage growth supporting the revenue side of things, and we are seeing quite limited supply in our markets, almost no supply in the near to midterm, which underpins the fundamentals.”
“Home affordability has become a lot more challenging with interest rates having risen in the way that they have, fueling demand while the supply side is still undersupplied, allowing us to continue outperforming as an asset class relative to some other asset classes.”
“The multifamily sector has seen transaction volumes drop quite significantly over the last few years, but we are seeing some positive signs of life and convergence of value expectations between buyers and sellers, resulting in more transactions getting done.”
“Over the last three and a half years, we've transformed from being two-thirds office and one-third multifamily to now a pure play multifamily REIT, having paid down a billion dollars of debt, turned the dividend back on, and announced a three-pronged strategy focusing on capital allocation, portfolio and platform optim...”
“We've raised guidance this year, increased our dividend, and are well positioned to post another strong year of results for our shareholders.”
Mahbod Nia, CEO of Veris Residential, Inc. (NYSE: VRE), sat down for a video interview during Nareit's REITweek: 2025 Investor ...
The New York Stock Exchange welcomes Veris Residential, Inc. (NYSE: VRE) to the podium in celebration of its 30th anniversary of listing. To honor the occasion, Tammy Jones, Chairman of the Board of Directors, will ring The Opening Bell®.
Mahbod Nia, CEO of Veris Residential, Inc. (NYSE: VRE), sat down for a video interview at Nareit's REITweek: 2024 Investor ...
EP. 7 | Leadership for Sustainable Real Estate On this episode of Meet the Visionaries, we have the pleasure of interviewing ...
Mahbod Nia, CEO of Veris Residential, Inc. (NYSE: VRE), participated in a video interview in conjunction with Nareit's REITweek: ...
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