Explores the Integration of ESG Considerations
into Business Decision-Making for the Benefit of All
Stakeholders
CAMBRIDGE, Mass. and
JERSEY CITY, N.J.,
May 8,
2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE:
VRE) (the "Company"), a forward-thinking, environmentally and
socially conscious real estate investment trust (REIT) that
primarily owns, operates, acquires and develops Class A multifamily
properties, today announced details from CEO Mahbod Nia's recent lecture at Massachusetts Institute of Technology's Center for
Real Estate ("MIT/CRE"), one of the
world's foremost institutes for the study of real estate and
technology.
As an industry member, Veris Residential works closely with the
institute to research, develop and implement innovative solutions
for advancing and optimizing multifamily real estate operations.
Nia's lecture, delivered on Tuesday, April
30, 2024, specifically addressed how multifamily companies
like Veris Residential can balance various stakeholder priorities,
including those of shareholders, residents, employees and the Board
of Directors, with ESG considerations.
"I am honored to have had the opportunity to engage with the
incredibly bright students at MIT/CRE
in an essential, important discussion surrounding best practices
for integrating ESG considerations into company decisions,"
commented Nia. "Every business will ultimately be affected by
climate change and social issues, and each business must decide
whether they will be a part of the solution. Given the built
environment's outsized environmental impact, it is essential for
the next generation of real estate professionals to understand how
to create value for all stakeholders while fostering a sustainable
future for generations to come."
Nia shared valuable insights gleaned from Veris Residential's
transformative journey over the past three years, emphasizing the
REIT's evolution from a primarily office REIT to an award-winning,
environmentally and socially conscious multifamily company.
Throughout the lecture, Nia delved into the following key
themes:
- The intrinsic alignment of ESG principles with Veris
Residential's core values and business operations;
- The diverse range of stakeholders impacted by ESG
initiatives, including shareholders, employees and renters;
- The global significance of addressing climate change and social
issues, underscoring the imperative for businesses to embrace
sustainable practices; and
- Strategies for integrating ESG considerations into
decision-making processes, with a focus on environmental
stewardship, effective governance and measurable outcomes.
"Lectures from industry leaders such as Nia are a prime example
of the synergistic environment at the Center for Real Estate at
MIT," said Siqi
Zheng, STL Champion Professor of Urban and Real Estate
Sustainability, Faculty Director of MIT/CRE, and Director of the Sustainable
Urbanization Lab. "Nia brought expertise and professional
experience in his lecture, which enriches discussions and evolves
research trajectories in the center. The dialogue and growth
between industry and academia, embodied by Nia's visit, is a
critical element in the unique environment at the Center for Real
Estate."
To learn more about Veris Residential, please go to
verisresidential.com. To learn more about Massachusetts Institute of Technology's Center for
Real Estate, please go to cre.mit.edu.
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking, environmentally
and socially conscious real estate investment trust (REIT) that
primarily owns, operates, acquires and develops holistically
inspired, Class A multifamily properties that meet the
sustainability-conscious lifestyle needs of today's residents while
seeking to positively impact the communities it serves and the
planet at large. The company is guided by an experienced management
team and Board of Directors, underpinned by leading corporate
governance principles, a best-in-class and sustainable approach to
operations and an inclusive culture based on equality and
meritocratic empowerment. For additional information on Veris
Residential, Inc. and our properties available for lease, please
visit https://verisresidential.com.
About MIT Center for Real Estate
The MIT Center for Real Estate (MIT/CRE) was founded in 1983 by MIT alumnus, Charles "Hank" Spaulding CE '51. A
prominent real estate developer himself, Spaulding had the vision
to improve the quality of the built environment and to promote a
more informed professional practice in the global real estate
industry.
Educating the men and women whose innovations will serve the
industry worldwide, the MIT Center for Real Estate is home to the
first one-year Master of Science in Real Estate Development (MSRED)
degree, as well as an intensive two-week Professional Certificate
in Real Estate Finance and Development.
The Center's pioneering research investigates the real estate
transaction from initial concept to market reality, providing
breakthrough knowledge to help organizations capitalize on today's
dynamic markets and technologies.
Uniting industry leaders with MIT's
distinguished researchers and students, the Center's diversified
industry partnership program advances and bridges the gap between
theory and practice.
For Veris Residential
Amanda
Shpiner/Grace Cartwright
Gasthalter & Co.
212-257-4170
veris-residential@gasthalter.com
For Massachusetts Institute of
Technology
Denise
DeLorey
202-236-4479
ddelorey@mit.edu
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SOURCE Veris Residential, Inc.
