Company: VRE
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000924901-25-000035
Chunk: 63

Company: Veris Residential, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 63
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 company three years ago. Mr. Turkanis also led the Company’s pre-development initiatives to extract and create value within its land bank. In 2024, the Company obtained site plan approvals for two lands sites encompassing approximately 1,000 units.

MS. FIELDER

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Ms. Fielder was credited with providing strategic advice and legal support for the Company's transactional, financial and operational activities. She was recognized for her oversight of the Company's risk management profile, corporate governance responsibilities and regulatory compliance matters. Ms. Fielder was credited with successful administration of the Company's litigation matters; development and implementation of the Company's new compensation plan for non-executive employees; and continued elevation of the Company's corporate governance program. Ms. Fielder and her team also provided legal guidance in the negotiation of investment and finance transactions, execution of the Company's ambitious capital plan; and operation of the Company's assets.

MS. LOMBARD

Ms. Lombard secured the Company's new $500 million three-plus-one-year term revolving credit facility and term loan package which the Company utilized to refinance $526 million of mortgages along with cash on hand, increasing the Company's operational flexibility and liquidity and reducing outstanding debt by $180 million. Ms. Lombard and her team also led the interest rate hedging efforts this year, effectively limiting the Company's exposure to interest rate increases, resulting in virtually all of our debt hedged or fixed. In addition, Ms. Lombard and her team have also completed the implementation of an accounting and financial reporting software tool which has enabled the Company to automate a significant portion of the monthly and quarterly close processes. Finally, Ms. Lombard also led her team through the wind up of the legacy Rockpoint joint venture and simplification of the internal cost structure.

MS. MALHARI Ms. Malhari's leadership was recognized for driving continued operational outperformance at the Company. Under her guidance, the Company achieved same-store net operating income growth of 6.9% and 150 basis points improvement in operating margin during 2024, reflecting strong revenue growth and ongoing focus on AI and technology-led initiatives, expense management and process improvements. Additionally, Ms. Malhari and her team completed the first phase of a $30 million value-add project at Liberty Towers in Jersey City, which is projected to deliver a compelling return on investment and meaningful earnings enhancement. Furthermore, the Company strengthened its cybersecurity posture through policy implementations and IT infrastructure enhancements, resulting in an improved NIST cybersecurity