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VEREIT

Founded by : Nicholas Schorsch, 1 January 2010

Maricopa County, United States
Specialized REITs
More than 250 employees
https://www.vereit.com/

About the Company

VEREIT, Inc. is a publicly traded real estate investment trust (REIT) that specializes in the ownership and management of single-tenant commercial properties in the United States. As of May 2021, the company's portfolio consists of over 3,600 properties, including retail, restaurant, office, and industrial properties, with a total square footage of over 90 million. VEREIT's tenants include well-known brands such as Walgreens, Dollar General, and FedEx. The company was founded in 2010 and is headquartered in Phoenix, Arizona. In 2014, VEREIT was involved in an accounting scandal, leading to a significant drop in stock price and the resignation of several top executives. Since then, VEREIT has undergone a restructuring process and has implemented new leadership and a revised business strategy.

Industry Type

According to the GICS (Global Industry Classification Standard) version of March 2023, VEREIT’s industry classification falls within the following categories:
  • Sector: Real Estate
  • Industry group: Equity Real Estate Investment Trusts (REITs)
  • Industry: Specialized REITs
  • Sub-Industry: Other Specialized REITs
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Company Address

2325 East Camelback Road, 9th Floor, Phoenix, AZ 85016, United States

Source : Google maps

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