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GVD Commercial Properties, Inc. is a US-based real estate development, investment, and management company founded in 1974 by noted shopping center developer Gerald V. Dicker. GVDis well known for its ability to quickly analyze, fund and close complex transactions, most of which involve prime properties held for long term investment. An innovator in the retail commercial real estate field for over 35 years, GVD initially specialized in the acquisition, development, redevelopment, and management of shopping centers throughout California, the Southwest, and the Pacific Northwest. Over the years, GVD also accumulated a substantial portfolio of net leased investment properties across the country, and now owns over 100 properties in 18 states, totaling more than 2 Million square feet of buildings. The majority of GVD`s assets are managed in-house by a staff of highly trained real estate professionals located in GVD`s Orange, California and Spokane, Washington offices. GVD`s properties are generally owned debt-free, generating substantial cash flow each year to invest in new properties, or to reinvest in its existing properties. GVD`s fiscal conservatism, limited use of financing, and strong cash position have allowed it to survive and grow during economic downturns that were difficult for most others in the real estate industry to weather. GVD began as a neighborhood shopping center developer, but by the late 1980`s had pioneered the development of the "power center", which combined large promotional tenants such as Costco, Home Depot, IKEA, Toys R Us, theatre multiplexes and other "big-box" users, with restaurants and smaller retail users. GVD was also one of the first to partner with community redevelopment agencies to renovate and re-position out-dated shopping centers and mixed-use projects. Such GVDredevelopment projects include the 95-acre Plaza at Puente Hills in the City of Industry, California, and the 40-acre Fullerton Town Center in Fullerton, California. GVD has in-house expertise in all phases of real estate development, including site analysis, government entitlements, construction, financing, leasing, and on-going asset and property management. Regional and national tenants frequently ask GVD to develop new projects for them, to purchase existing centers in which they are located, and to invest in their sale/leaseback properties. When dealing with GVD, tenants know that they will be treated fairly and that GVD has the financial capabilities, expertise, and staff to complete the transaction. GVD develops many of its projects as joint ventures with financially conservative landowners who seek stable cash flow and long term appreciation. GVD is sensitive to the wishes and needs of the communities in which it develops.
Veris Residential develops, owns, and manages premier multifamily communities. Beneath that simple statement of fact lies the founding principle of all we do: caring for properties, people, and the planet. Underpinned by high-quality assets and best-in-class technology, we curate holistic places and living experiences that meet the sustainability-conscious lifestyle needs of today`s residents, while empowering our team members, rewarding our partners and investors, and helping to sustain the planet we all share. Veris Residential unifies the vision and expertise of one of the country`s leading real estate investment trusts, Mack-Cali Realty Corporation, and its wholly owned subsidiary, Roseland Residential. With a new name and a new focus, we are creating new possibilities. Actively envisioning a better tomorrow, and doing the work necessary today to go forward together. Diversifying our workforces. Enhancing our communities. Reducing our environmental impact. Increasing our transparency. Making a meaningful difference every way we can. At Veris Residential, our life`s work is making life better.
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