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Veris Residential
Real Estate Investments - Including REITs
Luminaries 2025 Impact Statement
Veris Residential has transformed multifamily real estate investment through Prism, the industry's first fully integrated digital operating system that balances advanced automation with human connection. This comprehensive innovation combines AI-powered leasing assistants Quinn and Taylor, immersive virtual and VR touring experiences, self-guided tours, the myVeris resident app and more into a seamless ecosystem that serves prospects and residents 24/7 while enabling staff to focus on relationship building and complex problem-solving. The quantifiable results demonstrate exceptional REIT performance: 8.4% compound annual rental growth (2021-2024) versus 5.5% peer average, operating margin expansion from 57% to 67.2%, and a rent premium that grew from 30% in 2021 to 40% today.
