– USA, NJ – Veris Residential, Inc. (NYSE: VRE), a forward-thinking, environmentally- and socially-conscious real estate investment trust, today announced the appointments of Ron Dickerman and Stephanie Williams to its Board as new independent Directors, effective May 4, 2023.
Concurrently, Alan Batkin will retire from the Board.
“We are pleased to welcome Ron and Stephanie to the Board. As a longtime investor in Veris Residential and the real estate industry broadly, Ron brings another important shareholder voice to our boardroom, considerable strategic transaction experience, and a strong understanding of our business and the tremendous opportunity ahead. Furthermore, as one of the top female executives in multifamily property management, Stephanie has proven herself a well-recognized leader in residential real estate operations, management, and development. We look forward to their deep industry knowledge, contributions, and fresh perspectives.” said Board Chair, Tammy Jones.
About Ronald M. Dickerman
Ron Dickerman is the Founder and President of Madison International Realty and brings more than 35 years of real estate transaction, financing, and management experience to the Board. Since founding Madison International Realty in 2002, he has built the firm into a global $8.0 billion AUM fully integrated real estate private equity platform and liquidity provider to real estate investors worldwide. Madison’s investing activities span both the private and public sectors in the US, UK, and Europe across all major asset classes. Previously, Mr. Dickerman served as President and Founder of First Equity Realty, LLC, a real estate investment firm specializing in acquiring underperforming assets from financial institutions. He began his career as an investment banker in the Real Estate / Partnership Finance Group at Smith Barney, Harris Upham & Co., Inc., where he was responsible for the origination, analysis, structuring, acquisition, asset management, disposition,, and marketing of real estate and other limited partnerships. Mr. Dickerman is a member of the real estate industry trade organizations PREA, INREV, and the Zell Lurie RE Institute, and previously served on the board of the Association of Foreign Investors in Real Estate.
Mr. Dickerman said, “As a large, long-term shareholder, I have closely followed Veris Residential’s strategic transformation and believe the Company’s significant progress underscores its incredible future potential. I am pleased to join the Board at this critical point in the evolution of the business and look forward to working collaboratively with the Board to evaluate and execute the highest value-creating opportunities for fellow shareholders.”
He earned a BA from Tufts University and an MBA from Columbia University’s Graduate School of Business.
About Stephanie L. Williams
Stephanie Williams is President of Bozzuto Management Company and a Partner of The Bozzuto Group, For nearly 20 years, Stephanie Williams has held several positions within Bozzuto’s development and management divisions. As President, she oversees the strategic performance and economic value creation, day-to-day operations of a 90,000-unit portfolio with a significant footprint in the New York area, and an array of initiatives designed to enhance employee and customer journeys. Under her leadership, Bozzuto was awarded #1 Property Management Company by the National Association of Home Builders in 2018 and 2021 and received recognition by J Turner as the best property management company in the nation for seven consecutive years. Ms. Williams has earned the Bisnow D.C. Region Women Leading Real Estate Award and the Multi-Housing News Excellence Award for Executive of the Year. She has been named the Minority Business Leader by Washington Business Journal. She is a board member of the Real Estate Executive Council and Housing Association of Nonprofit Developers, an executive board member of the District of Columbia Building Industry Association, and an active member of the Urban Land Institute and National Multifamily Housing Council.
Ms. Williams said, “Over the past two years, the Veris Residential Board and management team have successfully streamlined the business, enhanced operations, and grown the multifamily portfolio—all to maximize shareholder value. I am excited to bring my extensive multifamily experience to the boardroom as Veris Residential embarks on its next chapter.”
She earned a BA from the University of Washington and a master’s degree in Community Planning from the University of Maryland.
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust 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. It is 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 more information: https://verisresidential.com/
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