RHO Residential awarded management of former Veris residential portfolio

ROSELAND, NJ — RHO Residential LLC has been selected by the new ownership group of the former Veris Residential portfolio to manage 15 multifamily properties totaling 6,000+ apartments across the Northeast, marking a significant expansion of its third-party management platform.

The assignment nearly doubles RHO Residential’s unit count to just under 12,000 apartments across 40 communities and 182,000+ s/f of retail, further strengthening its position among the region’s largest privately held third-party multifamily management providers. The newly added properties span New Jersey and the greater Boston metropolitan area, representing the company’s entry into the Boston market.

RHO Residential’s appointment follows the $3.5 billion acquisition of Veris Residential by an investor consortium led by Craig Solomon of Affinius Capital in partnership with Vista Hill Partners, a real estate investment and development group headed by Bradford Klatt and Jonathan Kushner.

The engagement represents a full-circle moment for RHO Residential CEO and president Brenda Cioce, whose career has long been intertwined with many of the communities now coming under the firm’s oversight.

A significant portion of the portfolio is concentrated in Jersey City, where it includes seven properties totaling 3,783 units.