Mack-Cali rebrands as Veris Residential, focuses on apartments

Shifting its focus to apartments, Mack-Cali Realty is rebranding as Veris Residential, which Chair Tammy Jones calls “an important milestone following the transformative steps the company has taken since the reconstitution of the board of directors.” The REIT could sell its remaining office buildings and hotels in New Jersey as part of the new focus, according to a source.