Veris Residential Strengthens Multifamily Strategy with New Board Member Christopher Papa
- Christopher Papa joins Veris Residential's Board, bringing over 30 years of multifamily real estate expertise.
- Ronald M. Dickerman resigns from the board, acknowledging his contributions during a critical time for Veris.
- Veris Residential focuses on leveraging tech-driven solutions and enhancing its multifamily real estate portfolio for growth.
Strategic Board Changes at Veris Residential Enhance Multifamily Focus
Veris Residential, Inc. announces the appointment of Christopher Papa as a new member of its Board of Directors, effective July 23, 2025. Papa, who currently serves as Executive Vice President and CFO at CenterPoint Properties, brings over 30 years of expertise in real estate, accounting, and corporate finance, specifically within the multifamily sector. His notable previous roles, including CFO positions at Post Properties, Inc. and Liberty Property Trust, equip him with a deep understanding of the intricacies of multifamily investments and operations. This strategic board appointment aligns with the company's ongoing commitment to enhancing its leadership capabilities in a competitive real estate landscape.
The timing of this announcement is particularly significant as it coincides with the departure of Ronald M. Dickerman, President and Founder of Madison International Realty, from Veris Residential's Board. Dickerman's resignation comes after he considers the best interests of Veris shareholders and his responsibilities at Madison. Tammy K. Jones, Board Chair of Veris Residential, acknowledges Dickerman's contributions during a crucial period for the company, noting that his insights have played an essential role in guiding Veris through various strategic milestones. The board's transition reflects an adaptive strategy aimed at further strengthening the company’s focus on its multifamily real estate portfolio amidst evolving market dynamics.
Papa expresses enthusiasm about joining Veris Residential at a pivotal moment, emphasizing the company's robust portfolio of Class A multifamily properties and its innovative, tech-enabled operating platform. His experience in managing complex transactions is expected to be instrumental as the company seeks to maximize shareholder value and navigate the challenges of the multifamily sector. The board anticipates that Papa’s leadership will bolster Veris Residential's strategic initiatives and position the company for sustained growth in the years to come.
In addition to these board changes, Veris Residential continues to refine its operational strategies to adapt to market demands and enhance its service offerings. The company remains committed to leveraging its assets and tech-driven solutions to create value for residents and investors alike. With the recent leadership adjustments, Veris Residential is poised to capitalize on opportunities within the multifamily real estate market, affirming its position as a key player in the Northeast region.