# EDGAR Filing Document

**Accession Number:** 0000924901
**File Stem:** 0000902664-26-000727
**Filing Date:** 2026-2
**Character Count:** 26474
**Document Hash:** 19335ea227c15ae74eca20873abf846a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-26-000727.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0000902664-26-000727

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Veris Residential, Inc.
- **CENTRAL INDEX KEY:** 0000924901
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 223305147
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-43725
- **FILM NUMBER:** 26603637

**BUSINESS ADDRESS:**
- **STREET 1:** HARBORSIDE 3
- **STREET 2:** 210 HUDSON ST., STE. 400
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311
- **BUSINESS PHONE:** 7325901000

**MAIL ADDRESS:**
- **STREET 1:** HARBORSIDE 3
- **STREET 2:** 210 HUDSON ST., STE. 400
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07311

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACK CALI REALTY CORP
- **DATE OF NAME CHANGE:** 19971224

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALI REALTY CORP /NEW/
- **DATE OF NAME CHANGE:** 19960730

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALI REALTY L P
- **DATE OF NAME CHANGE:** 19941025
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Erez REIT Opportunities LP
- **CENTRAL INDEX KEY:** 0002014584

**ORGANIZATION NAME:**
- **EIN:** 933454433
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** C/O EROF GP LLC
- **STREET 2:** 270 NORTH AVENUE, SUITE 404
- **CITY:** NEW ROCHELLE
- **STATE:** NY
- **ZIP:** 10801
- **BUSINESS PHONE:** (917) 455-9764

**MAIL ADDRESS:**
- **STREET 1:** C/O EROF GP LLC
- **STREET 2:** 270 NORTH AVENUE, SUITE 404
- **CITY:** NEW ROCHELLE
- **STATE:** NY
- **ZIP:** 10801

## Ex-99

**<u>ANNEX A</u>**

**Transactions in the Shares of Common Stock of the Issuer by the Reporting Persons During the Past Sixty (60) Days**

The following tables sets forth all transactions in the shares of Common Stock reported herein effected during the past sixty (60) days by the Reporting Persons. Except as noted below, all such transactions were effected by the Erez Reporting Persons in the open market through brokers and the price per share includes commissions. Except as noted below, all such transactions were effected by Mr. Gubin in the open market through brokers and the price per share excludes commissions. Where a price range is provided in the column titled "Price Range ($)", the price reported in the column titled "Price Per Share ($)" is a weighted average price. These shares of Common Stock were sold or purchased in multiple transactions at prices between the price ranges indicated in the column titled "Price Range ($)". All prices are denominated in U.S. dollars. The Reporting Persons will undertake to provide to the staff of the SEC, upon request, full information regarding the shares of Common Stock sold or purchased at each separate price.

**Erez Opportunities**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Trade Date** | &nbsp;&nbsp; **Shares Purchased (Sold)** | &nbsp;&nbsp;**Price Per Share ($)** |
| &nbsp;&nbsp;12/10/2025 | &nbsp;&nbsp;30000 | &nbsp;&nbsp;14.63 |
| &nbsp;&nbsp;01/05/2026 | &nbsp;&nbsp;50000 | &nbsp;&nbsp;14.65 |
| &nbsp;&nbsp;01/06/2026 | &nbsp;&nbsp;50000 | &nbsp;&nbsp;14.86 |
| &nbsp;&nbsp;01/07/2026 | &nbsp;&nbsp;50000 | &nbsp;&nbsp;15 |
| &nbsp;&nbsp;01/09/2026 | &nbsp;&nbsp;50000 | &nbsp;&nbsp;14.78 |
| &nbsp;&nbsp;01/26/2026 | &nbsp;&nbsp;50000 | &nbsp;&nbsp;14.79 |
| &nbsp;&nbsp;01/28/2026 | &nbsp;&nbsp;35000 | &nbsp;&nbsp;14.73 |
| &nbsp;&nbsp;01/29/2026 | &nbsp;&nbsp;17146 | &nbsp;&nbsp;14.98 |
| &nbsp;&nbsp;01/30/2026 | &nbsp;&nbsp;8768 | &nbsp;&nbsp;14.97 |
| &nbsp;&nbsp;02/03/2026 | &nbsp;&nbsp;4878 | &nbsp;&nbsp;15.17 |

---

**Erez Asset Management**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Trade Date** | &nbsp;&nbsp;**Shares Purchased (Sold)** | &nbsp;&nbsp;**Price Per Share ($)** |
| &nbsp;&nbsp;02/02/2026 | &nbsp;&nbsp;35000 | &nbsp;&nbsp;15.16 |
| &nbsp;&nbsp;02/03/2026 | &nbsp;&nbsp;30122 | &nbsp;&nbsp;15.19 |

---

**Mr. Gubin**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Trade Date** | &nbsp;&nbsp;**Shares Purchased (Sold)** | &nbsp;&nbsp;**Price Per Share ($)** | &nbsp;&nbsp;**Price Range ($)** |
| &nbsp;&nbsp;01/20/2026 | &nbsp;&nbsp;15000 | &nbsp;&nbsp;14.72 | &nbsp;&nbsp;14.71 – 14.73 |
| &nbsp;&nbsp;01/22/2026 | &nbsp;&nbsp;15000 | &nbsp;&nbsp;14.81 |  |
| &nbsp;&nbsp;01/23/2026 | &nbsp;&nbsp;50150 | &nbsp;&nbsp;14.71 | &nbsp;&nbsp;14.63 – 14.72 |
| &nbsp;&nbsp;01/26/2026 | &nbsp;&nbsp;24850 | &nbsp;&nbsp;14.74 | &nbsp;&nbsp;14.72 – 14.75 |
| &nbsp;&nbsp;01/27/2026 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;14.78 |  |
| &nbsp;&nbsp;01/28/2026 | &nbsp;&nbsp;35000 | &nbsp;&nbsp;14.72 | &nbsp;&nbsp;14.69 – 14.77 |

---

## Exhibit 99.1

**<u>Exhibit 99.1</u>**

**<u>Letter, dated December 1, 2025</u>**

![](image_001.jpg)

December 1, 2025

Veris Residential, Inc.

210 Hudson Street, Suite 400

Jersey City, NJ 07311

Attention: Tammy Jones and Mahbod Nia (via email)

Dear Ms. Jones and Mr. Nia:

I am writing on behalf of Erez Asset Management, a value-oriented investment fund known for its rigorous, bottom-up diligence across the REIT sector. We currently hold over 4% of Veris' outstanding common shares, making us one of the Company's largest active shareholders.

Veris owns an attractive portfolio of multifamily assets in supply-constrained, high-growth markets, which should provide a strong foundation for value creation. Yet, despite the quality of these properties, Veris trades at a discount to net asset value of over 30%. This discount has been remarkably persistent: Veris has traded at a discount to consensus net asset value for all but 15 trading days over the last 10 years.

Despite management's efforts to enhance the Company's performance and valuation through asset sales, debt reduction, capital investments and operational initiatives, the significant gap between Veris' intrinsic value and its valuation in the public markets persists. And, in our view, given the nature of Veris' challenges, incremental improvements and further one-off asset sales are unlikely to close this gap. Clearly, a different approach is needed.

We believe the most credible and timely path to realizing full value is for the Board to <u>co</u><u>mmence a formal review of strategic alternatives that is publicly announced and broadly marketed</u>. Indeed, it is telling that all three of the Company's most comparable apartment REIT peers - Aimco, Centerspace and Elme - have announced strategic alternatives processes. We believe Veris should similarly embrace this approach to maximize value for its shareholders.

Based on our detailed asset-by-asset underwriting and valuation we estimate that shareholders could realize approximately $22-$25 per share in a sale, *after transaction expenses,* representing roughly a 40-70% premium to Veris' current share price.

We believe the Board has a fiduciary obligation to act decisively and expeditiously. Accordingly, we urge you to promptly initiate a comprehensive review of strategic alternatives, accompanied by a public announcement and broad dissemination of the opportunity to all qualified parties.

We respectfully request the opportunity to meet with the Board within the next two weeks to present our analysis and begin a constructive dialogue on the perspective outlined in this letter. Our preference is to engage privately with the Board on these critical matters.

However, given the significant opportunity for value creation at Veris, we are prepared to share our views with the Company's shareholders, if necessary.

Please respond promptly so that a meeting can be scheduled.

We hope you will embrace our perspective and work with us for the benefit of all Veris shareholders.

Sincerely,

---

| |
|:---|
| &nbsp;&nbsp;/s/ Bruce Schanzer |
| &nbsp;&nbsp; Bruce Schanzer<br> Chairman and Chief Investment Officer<br> Erez Asset Management, LLC |

---

cc: Akiva Katz and Ronald Dickerman (via email)

## Exhibit 99.2

**<u>Exhibit 99.2</u>**

**<u>Joint Filing Agreement, dated February 5, 2026</u>**

PURSUANT TO RULE 13d-1(k)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to such statement on Schedule 13D may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the other except to the extent that he or it knows that such information is inaccurate.

DATE: February 5, 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp; EREZ REIT OPPORTUNITIES LP<br> By: EROF GP LLC | &nbsp;&nbsp; EREZ REIT OPPORTUNITIES LP<br> By: EROF GP LLC |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Bruce Schanzer |
| &nbsp;&nbsp;Name: Bruce Schanzer | &nbsp;&nbsp;Name: Bruce Schanzer |
| &nbsp;&nbsp;Title: Managing Member | &nbsp;&nbsp;Title: Managing Member |
| &nbsp;&nbsp;EREZ ASSET MANAGEMENT LLC | &nbsp;&nbsp;EREZ ASSET MANAGEMENT LLC |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Bruce Schanzer |
| &nbsp;&nbsp;Name: Bruce Schanzer | &nbsp;&nbsp;Name: Bruce Schanzer |
| &nbsp;&nbsp;Title: Managing Member | &nbsp;&nbsp;Title: Managing Member |
| &nbsp;&nbsp;/s/ Bruce Schanzer | &nbsp;&nbsp;/s/ Bruce Schanzer |
| &nbsp;&nbsp;BRUCE SCHANZER | &nbsp;&nbsp;BRUCE SCHANZER |
| &nbsp;&nbsp;/s/ Moishe Gubin | &nbsp;&nbsp;/s/ Moishe Gubin |
| &nbsp;&nbsp;MOISHE GUBIN | &nbsp;&nbsp;MOISHE GUBIN |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Veris Residential, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.01 per share**

*(Title of Class of Securities)*

**554489104**

*(CUSIP Number)*

**Erez Asset Management LLC**<br>270 North Avenue, Suite 404<br>New Rochelle NY 10804<br>(917) 455-9764

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**02/03/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **554489104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Erez REIT Opportunities LP** | Name of reporting person<br>**Erez REIT Opportunities LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4545539.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4545539.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4545539.00** | Aggregate amount beneficially owned by each reporting person<br>**4545539.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.87%** | Percent of class represented by amount in Row (11)<br>**4.87%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **554489104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Erez Asset Management LLC** | Name of reporting person<br>**Erez Asset Management LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4545539.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4545539.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4545539.00** | Aggregate amount beneficially owned by each reporting person<br>**4545539.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.87%** | Percent of class represented by amount in Row (11)<br>**4.87%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **554489104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Bruce Schanzer** | Name of reporting person<br>**Bruce Schanzer** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4545539.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4545539.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4545539.00** | Aggregate amount beneficially owned by each reporting person<br>**4545539.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.87%** | Percent of class represented by amount in Row (11)<br>**4.87%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **554489104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Moishe Gubin** | Name of reporting person<br>**Moishe Gubin** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**145000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**145000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**145000.00** | Aggregate amount beneficially owned by each reporting person<br>**145000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.16%** | Percent of class represented by amount in Row (11)<br>**0.16%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.01 per share

**(b) Name of Issuer:**
Veris Residential, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
HARBORSIDE 3, 210 HUDSON ST., STE. 400, JERSEY CITY, NJ, 07311

This statement on Schedule 13D (the "Schedule 13D") relates to the shares of Common Stock, par value $0.01 per share (the "Common Stock"), of Veris Residential, Inc., a Maryland corporation (the "Issuer").

**Item 4. Purpose of Transaction**

The Reporting Persons believe that the securities of the Issuer are undervalued and represent an attractive investment opportunity.

The Reporting Persons have had, and intend to continue to have, discussions with the Board of Directors of the Issuer (the "Board") and management regarding corporate governance, including the composition of the Board, operations, capital allocation, and the strategy and plans of the Issuer, including the pace of asset dispositions and strategic transactions more generally.  On December 1, 2025, the Erez Reporting Persons sent  a letter to the Chair of the Board and the Chief Executive Officer of the Issuer, stating their belief that the Board should commence a publicly announced and broadly marketed formal review of strategic alternatives.  A copy of the letter is attached as Exhibit 99.1 hereto and is incorporated by reference herein.

The Reporting Persons intend to have additional discussions with certain members of the Board and the Issuer's management about the foregoing matters, and may discuss other matters including, without limitation, the Issuer's management, capital structure and/or corporate structure, dividend and/or buyback policies and compensation practices and may communicate with other stockholders and/or third parties regarding the Issuer and any or all of the foregoing. The Reporting Persons may explore, develop and/or make plans and/or proposals (whether preliminary or final) with respect to the foregoing, including prior to forming an intention to engage in such plans and/or make such proposals.

The Reporting Persons intend to review their investment in the Issuer on a continuing basis and depending upon various factors, including, without limitation, the Issuer's financial position and strategic direction, the outcome of any discussions or matters referenced above, overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of securities of the Issuer at prices that would make the purchase or sale of such securities desirable, the Reporting Persons may endeavor (i) to increase or decrease their position in the Issuer through, among other things, the purchase or sale of securities of the Issuer, including through transactions involving the Common Stock and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer in the open market or in private transactions, including through a trading plan created under Rule 10b5-1(c) or otherwise, on such terms and at such times as the Reporting Persons may deem advisable and/or (ii) to enter into transactions that increase or hedge their economic exposure to the Common Stock without affecting their beneficial ownership of the Common Stock.  In addition, the Reporting Persons may, at any time and from time to time, (i) review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto and (ii) consider or propose one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D.

Except as set forth herein, the Reporting Persons have no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock and percentage of shares of Common Stock beneficially owned by the Reporting Persons. The aggregate percentage of shares of Common Stock reported beneficially owned by the Reporting Persons is based upon  93,426,375 shares of Common Stock outstanding as of October 22, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the Securities and Exchange Commission (the "SEC") on October 22, 2025.

As of the close of business on the date hereof, the Erez Reporting Persons may be deemed to beneficially own 4,545,539 shares of Common Stock, representing approximately 4.87% of the shares of Common Stock outstanding.  As of the close of business on the date hereof, Mr. Gubin may be deemed to beneficially own 145,000 shares of Common Stock, representing approximately 0.16% of the shares of Common Stock outstanding.

The Erez Reporting Persons and Mr. Gubin may be deemed to have formed a "group" within the meaning of Section 13(d)(3) of the Act and the "group" may be deemed to beneficially own an aggregate of 4,690,539 shares of Common Stock, representing approximately 5.02% of the outstanding Common Stock.  Each of the Erez Reporting Persons expressly disclaims beneficial ownership of the shares of Common Stock beneficially owned by Mr. Gubin, who expressly disclaims beneficial ownership of the shares of Common Stock beneficially owned by each of the Erez Reporting Persons.

**(b)**
See rows (7) through (10) of the cover pages to this Schedule 13D for the shares of Common Stock as to which the Reporting Persons have the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.

**(c)**
The transactions in the shares of Common Stock effected by the Reporting Persons during the past sixty (60) days, which were all in the open market, are set forth on Annex A attached hereto and incorporated by reference herein.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Except as set forth herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Issuer, including any class of the Issuer's securities used as a reference security, in connection with any of the following: call options, put options, security-based swaps or any other derivative securities, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Erez REIT Opportunities LP

**Signature:** /s/ Bruce Schanzer

**Name/Title:** By: EROF GP LLC, By: Bruce Schanzer, Managing Member

**Date:** 02/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Erez Asset Management LLC

**Signature:** /s/ Bruce Schanzer

**Name/Title:** Bruce Schanzer, Managing Member

**Date:** 02/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Bruce Schanzer

**Signature:** /s/ Bruce Schanzer

**Name/Title:** Bruce Schanzer

**Date:** 02/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Moishe Gubin

**Signature:** /s/ Moishe Gubin

**Name/Title:** Moishe Gubin

**Date:** 02/05/2026