Case Study: Veris Residential stabilizes a 750-unit lease-up 3 months early with Peek

Veris Residential stabilizes 750 units 3 months early with Peek

The customer, Veris Residential, faced the challenge of leasing up its 750-unit luxury Haus25 property in Jersey City efficiently and achieving stabilization quickly. They partnered with the vendor Peek and utilized its modern leasing platform and unit-level 3D tours to accelerate this process.

Peek implemented its solution by providing unit-level 3D tours, which were rapidly scanned by Peek Content Services, and integrated leasing workflows. This allowed prospects to tour units virtually and streamlined the leasing process for Veris Residential's team. As a result, the property was stabilized three months ahead of schedule, achieved asking rents 14% over underwriting, and pre-leased 20% of its units before general leasing began. Peek was instrumental in delivering this record-breaking leasing velocity.

Veris Residential