TRT-Testosterone Replacement Therapy in Weehawken, NJ.
201-292-0706
Reclaim Your Youth and Vitality with TRT in Weehawken, NJ
It can be hard to hear for some, but getting older is just part of life. For many men, hitting a certain age signifies the beginning of a new chapter - where bucket list items are crossed off, and goals are accomplished. For others, however, aging is a scary prospect, filled with nagging injuries, embarrassing weight gain, and inability to perform intimately. Few things feel worse than realizing that you simply can't perform as you used to, whether on the basketball court or in the bedroom.
The reality is, as men get older and approach middle age, their testosterone levels drop. When a male's testosterone levels get lower, it can cause a slew of unwanted symptoms like:
If you have noticed any of the above symptoms and feel like you're just dragging yourself through life, don't lose hope. Many men around the country are experiencing the same feelings as you. Thankfully, you don't have to settle for the side effects of low testosterone. There are proven, easy steps that you can take to reverse the negative signs of aging. If you're ready to reclaim your youth and feel like you did in your 20s and 30s, testosterone replacement therapy (TRT) may be the perfect solution.
TRT bridges the gap between your old life and the happier, more vibrant version of you. That's where Juventee comes in - to facilitate your transition to a more youthful, fulfilling life and a brighter future. After all, aren't YOU supposed to be in charge of your wellness and health? With the Juventee team by your side, you'll have the tools to do so - backed by a personalized plan crafted by experts with more than 20 years of experience.
The Juventee Difference
At Juventee, we propose a preventive and proactive medical approach to preserve optimal body function, with the best hormonal functioning to prolong vitality and youthfulness. Our specialty is Age Management, which is based on the belief that balance is the key to wellness. We employ the most innovative science, offering treatments like TRT in Weehawken, NJ, and other clinical products with proven efficacy.
Living a younger, healthier, and longer life is a frequent commitment for Juventee's team of specialists. We are experts at designing customized programs that work synergistically with your body and brain. We love incorporating smart nutrition, hormonal balance, exercise, stress management, cognitive health, and lifestyle changes into our treatment programs. We also implement sciences such as testosterone replacement therapy to achieve verifiable, legitimate results.
Our doctors take differing approaches to care but share the single goal of prolonging your youth and vitality. With that goal in mind, Juventee was born from the hands of its partners, who want you to feel full strength, energy, joy, confidence, and wellbeing.
testosterone levels. Unfortunately, when a man loses too much testosterone, it results in a condition called hypogonadism. Also called "Low T," testosterone loss due to hypogonadism must be replenished, or the male suffers from difficult, even debilitating symptoms.
We Work With
What is Testosterone?
What pops up in your head when you think about testosterone? Many people associate testosterone with being overly aggressive, macho, and violent. However, the truth is that testosterone is a critical hormone for men and affects the male lifespan from puberty through old age. As a sex hormone, male testosterone is produced through the testicles. It becomes most prevalent during puberty.
Testosterone production is controlled by the pituitary gland at the base of a man's brain. This gland sends signals to the testes, which in turn produce testosterone. A feedback loop helps regulate the amount of testosterone in the blood. When levels are too high, the brain orders the pituitary gland to restrict production.
Did You Know?
Cholesterol synthesizes the testosterone in your body. However, having high cholesterol doesn't mean you have high testosterone levels, too. T levels are too carefully controlled by your pituitary gland for cholesterol to raise testosterone levels.
During puberty, testosterone helps males develop:
- Body Hair
- Facial Hair
- Muscle Strength
- Increased Libido
- Deeper Voice
- Muscle Density
- Sperm
What is TRT in Weehawken, NJ?
Testosterone replacement is exactly what its name implies. It's a therapy for men that replaces diminished testosterone levels, which helps balance your hormones and ultimately improves your life. Also called androgen replacement therapy, TRT alleviates many of the side effects that men suffer from as a result of low testosterone.
Testosterone was originally synthesized in a lab in 1935. Its popularity has grown since, and today, it is among the most promising doctor-prescribed treatments for men in the United States.
So, how does testosterone replacement therapy work? TRT essentially gives you the testosterone needed to be healthy and have a properly functioning body. As the primary androgen for males, testosterone has a role in the natural processes your body needs for overall health. This extra hormonal intake positively affects patients and their general health, preventing diseases such as osteoporosis, cardiac diseases, and more.
Though there is an abundance of testosterone in your system throughout puberty and into your 20s, it gradually depletes with age. Sometimes, serious injuries and long-term conditions like diabetes affect testosterone levels. Unfortunately, when a man loses too much testosterone, it results in a condition called hypogonadism. Also called "Low T," testosterone loss due to hypogonadism must be replenished, or the male suffers from difficult, even debilitating symptoms.
Common Signs of Low Testosterone
Though some symptoms of low T are abundantly evident, not all men can immediately tell they may need TRT. If you're unsure, ask yourself these questions:
- Are you usually a productive powerhouse but now feel like you lack drive and motivation?
- Have you had a normal sex life in the past but now find that you're losing the ability to be intimate?
- Are you usually calm and collected, but your partner is complaining about your irritability?
If you answered yes to any of those questions, it could be time to contact Juventee about a personalized TRT plan. Still unsure if you're experiencing symptoms of low T? We have compiled a more extensive list of signs below:
Decreased Energy
Low energy used to be considered a normal part of aging. Today, most doctors know better. Modern advances in medicine show that lack of energy and low T often go hand-in-hand.
If it's a huge struggle to keep up with your kids on the soccer field, or you just don't have the energy to be active, you may have low testosterone. Getting tired is normal, but if it's an ongoing problem affecting you and your family, it's time to consult a doctor.
Whether you're having a tough time getting through your day or can't finish normal activities, TRT in Weehawken, NJ could be the solution.
Lowered Libido
You would think that lowered libido would be easy to pick up on, but when it happens gradually, it can be more difficult to diagnose. With that said, many men use TRT because they've lost that "spark" in the bedroom. It's not easy for a man to hear that they're not pleasing their partner because intimacy is an important part of a relationship.
The good news? Having a low libido doesn't have to be permanent. TRT treatments can help revert hormone levels to their normal range, making for a more enjoyable sex life.
Hair Loss
If you're like millions of other men, hair loss is an unfortunate reality you don't want to think about. Closely related to hormone imbalances and testosterone decline, hair loss is about as distressing as it gets. This common symptom is often related to DHT - a derivative of testosterone that can cause hair follicles to die.
Thankfully, a carefully monitored TRT regimen can help restore hair, especially when combined with methods like plasma-rich therapy. While it's true that you can't change your genes, you can change the effects of low testosterone in your body, so hair loss isn't your only reality.
Inability to Achieve and Maintain Erections
Weak erections - it's an uncomfortable subject for men to talk about. It's even worse to experience the symptom in the heat of the moment. Despite being very common, men shame themselves when they can't achieve an erection. And while there are many reasons for this malady, low testosterone is often a contributing factor.
Fortunately, you don't have to live with weak erections forever when you balance your hormones with a personalized TRT treatment plan from Juventee.
Depression
You're feeling down about everything and can't figure out why you feel crummy about life. You're successful at work but feel unaccomplished. If you're experiencing symptoms like these, you may be depressed - and it could be stemming from low testosterone.
Studies show that men with depression and high cortisol levels also commonly have low testosterone. Because higher cortisol levels can lead to low T, the chances of severe depression increase.
Depression is a very real disorder and should always be diagnosed and treated by your doctor. One treatment option, when used in conjunction with therapy, is TRT. When TRT is used to replenish hormone levels, men enjoy a lighter, more optimistic mood. That's great news for depressed men who have had little-to-no success with powerful anti-depression meds.
Lack of Sleep
Experts have found that men who lose a week's worth of sleep may experience a drop in testosterone by as much as 15%. These findings are alarming and may suggest that sleep loss lowers T levels and affects wellbeing.
If you find yourself exhausted at the end of the day but toss and turn all night long, it could be time to have your testosterone levels checked. TRT may restore your testosterone levels which can help you sleep better with proper exercise and diet.
Loss of Strength and Muscle Mass
Are you struggling to lift weights in the gym or find that you can't pick up items that used to be easy to lift? Studies show that inactive men can lose .5% of muscle strength each year after the age of 25. When you hit 60, muscle loss doubles every ten years. While muscle loss is common with age, it can also be linked to low T.
Testosterone is a crucial piece needed for building and retaining muscle mass. That's why many doctors are prescribing TRT for males experiencing sharp declines in strength and muscle mass. Whether your workouts are losing steam or you're having problems lifting items that aren't very heavy, don't blame it all on age. You could be suffering from hypogonadism.
Weight Gain
Nobody likes to gain weight, even though our society is more accepting of overweight people than ever before. Despite diets and carb cutting, many men aren't able to get rid of excess belly and body fat, increasing the chances of heart disease and cancer.
Sometimes, male weight gain isn't caused by sweets and carbs but by hormone imbalances that slow the metabolism. This phase of life is called andropause and occurs when testosterone levels are low. Combining a low metabolism with other symptoms like high cortisol levels can be a recipe for a double-chinned disaster. Fortunately, TRT treatments and physician-led weight loss programs can correct hormone imbalances and lead to healthy weight loss for men.
Gynecomastia
The enlargement of male breast tissue, also called "man boobs," is a fairly common condition that many men have. Though it is closely associated with diet and other life choices, increased fatty tissue is often caused by hormonal imbalances.
If you're approaching middle age and you're embarrassed by having large breasts, don't lose hope. TRT is a safe, effective way to eliminate the underlying cause of gynecomastia without invasive surgery. With a custom HRT and fitness program, you can bring your testosterone and estrogen levels back to normal before you know it.
Be the Best Version of Yourself with TRT in Weehawken, NJ
The human body is amazing in so many ways. Still, we have to optimize it every now and then using science, medicine, and hard work. After 40, you may notice that your body is changing, but symptoms like low libido and lack of motivation don't have to be permanent. Juventee has the team, tools, and experience to help recapture your youth and feel better than ever before.
If you're getting older and you're worried about low testosterone, give our office a call today. It would be our pleasure to care for you using the highest quality products, backed by research and applied by professionals with your best interests in mind.
Whether you need a boost to help you get through your busy work week or a natural solution to an embarrassing problem like ED, we're here for you. Our doctors will explain your treatment options in-depth and take as much time as you need to feel comfortable and confident about TRT. Remember, when you treat your body with love and care, it will reciprocate generously. Let our team teach you the techniques to prolong your sense of youth and provide you with the treatment to solidify your wellbeing as you age with grace. Contact Juventee today. By tomorrow, you'll be one step closer to meeting the best version of yourself.
Latest News in Weehawken, NJ
Ukrainian refugee students in Weehawken
njhttps://www.nj.com/galleries/WZM52NDP55DZVB7XJP6NPVJPGM/
Reena Rose Sibayan | The Jersey JournalUkrainian refugee students in WeehawkenFrom left to right, Liza Filipenko, 16, Sofiya Sobolivska, 15, and Kristina Margaryan, 15. The Ukrainian refugees now attend Weehawken High School. ...
Reena Rose Sibayan | The Jersey Journal
Ukrainian refugee students in Weehawken
From left to right, Liza Filipenko, 16, Sofiya Sobolivska, 15, and Kristina Margaryan, 15. The Ukrainian refugees now attend Weehawken High School. Get Photo
Reena Rose Sibayan | The Jersey Journal
Ukrainian refugee students in Weehawken
Timur Plitka, 14, left, and Nestor Orlov, 16, at Weehawken High School. Get Photo
Reena Rose Sibayan | The Jersey Journal
Ukrainian refugee students in Weehawken
From left to right, Liza Filipenko, 16, Nestor Orlov, 16, Timur Plitka, 14, Sofiya Sobolivska, 15, and Kristina Margaryan, 15.Get Photo
Reena Rose Sibayan | The Jersey Journal
Ukrainian refugee students in Weehawken
From left to right, Nestor Orlov, 16,Sofiya Sobolivska, 15, Timur Plitka, 14, Kristina Margaryan, 15, and Liza Filipenko, 16. Get Photo
Courtesy of Brian Calligy
Ukrainian refugee students in Weehawken
Hoboken Public School District: Hoboken HS/Weehawken HS Ice Hockey Program Has An Historic, Inagural Season
Caren Lissnerhttps://patch.com/new-jersey/hoboken/hoboken-public-school-district-hoboken-hs-weehawken-hs-ice-hockey-program-has
Damien Arnone, Head Coach of the Hoboken HS/Weehawken HS Ice Hockey Team said, "This team was fully dedicated from day one. Due to limit ...Press release from Hoboken Public School District:02/19/2023Hoboken High School/Weehawken High School Ice Hockey ProgramHoboken High School/Weehawken High School Ice Hockey ProgramThe Redwings have an historic, undef...
Damien Arnone, Head Coach of the Hoboken HS/Weehawken HS Ice Hockey Team said, "This team was fully dedicated from day one. Due to limit ...
Press release from Hoboken Public School District:
02/19/2023
Hoboken High School/Weehawken High School Ice Hockey Program
Hoboken High School/Weehawken High School Ice Hockey Program
The Redwings have an historic, undefeated inaugural season.
Find out what's happening in Hobokenwith free, real-time updates from Patch.
The Redwings have an historic, undefeated inaugural season.
Hoboken, NJ, — Sunday, February 19, 2023. It was an historical first season for the 2022-23 Hoboken/Weehawken High School Junior Varsity Ice Hockey program. There were many milestones reached in year one of this program. From the first face-off win, to the first goal, to the first shutout and first win, these were all accomplished by a dedicated group of student athletes. The team finished the season with 6 wins and 0 losses.
Hoboken, NJ,
What was impressive about this team was the fact that they only allowed two goals against this year. In 6 games, goalie Maksim Kagan faced 97 shots and only allowed 2 goals against and recorded 4 shutouts.
What was impressive about this team was the fact that they only allowed two goals against this year. In 6 games, goalie Maksim Kagan faced 97 shots and only allowed 2 goals against and recorded 4 shutouts.
The offense was explosive this year with Freshman Defenseman Luca Matullo leading the way with 13 goals and 12 assists. Sophomore Captain Miles Angley finished the season with 9 goals and 8 assists, Sophomore Luke Batcha notched 11 goals and 5 assists. Freshman Defenseman Grant Napolitani notched 13 points, Freshman center Marina Boyijan notched 8 points and is our first female hockey player to record a hat trick in a game!
The offense was explosive this year with Freshman Defenseman Luca Matullo leading the way with 13 goals and 12 assists. Sophomore Captain Miles Angley finished the season with 9 goals and 8 assists, Sophomore Luke Batcha notched 11 goals and 5 assists. Freshman Defenseman Grant Napolitani notched 13 points, Freshman center Marina Boyijan notched 8 points and is our first female hockey player to record a hat trick in a game!
Freshman center Maxim Schissler recorded 8 points and Junior forward Ryan Womack recorded 7 points. Junior Jean Batiste Dominguez, and Sophomores Jordan Getz and Teagan Clark finished the season with two points each.
Freshman center Maxim Schissler recorded 8 points and Junior forward Ryan Womack recorded 7 points. Junior Jean Batiste Dominguez, and Sophomores Jordan Getz and Teagan Clark finished the season with two points each.
To round out the team, first year players Maynard Santiago, Evan Bankley, Alanah Shinn, Isabella Veras, Valentina Almeida and Lily Sederquist also competed.
To round out the team, first year players Maynard Santiago, Evan Bankley, Alanah Shinn, Isabella Veras, Valentina Almeida and Lily Sederquist also competed.
Damien Arnone, Head Coach of the Hoboken HS/Weehawken HS Ice Hockey Team said, “This team was fully dedicated from day one. Due to limited options for ice time, our practice slots were at 6:00AM, and this group was committed to that and understood the importance of balancing academics as well. I would personally like to thank the players, families, and Superintendent Dr. Christine Johnson, Principal Robin Piccapietra, Athletic Director Jack Baker, and the Board of Education for adopting this athletic program.”
Damien Arnone, Head Coach of the Hoboken HS/Weehawken HS Ice Hockey Team said, “This team was fully dedicated from day one. Due to limited options for ice time, our practice slots were at 6:00AM, and this group was committed to that and understood the importance of balancing academics as well. I would personally like to thank the players, families, and Superintendent Dr. Christine Johnson, Principal Robin Piccapietra, Athletic Director Jack Baker, and the Board of Education for adopting this athletic program.”
The program has grown from when the district hosted instructional clinics back in the winter of 2021 to the competitive level they are now. The team has excelled and will continue to improve under this multi-talented group. Next season the Hoboken HS/Weehawken HS Ice Hockey will move up and play on the Varsity level in the NJSIAA.
The program has grown from when the district hosted instructional clinics back in the winter of 2021 to the competitive level they are now. The team has excelled and will continue to improve under this multi-talented group. Next season the Hoboken HS/Weehawken HS Ice Hockey will move up and play on the Varsity level in the NJSIAA.
Jack Baker, Hoboken HS Athletic Director said, “I would just like to take the time to thank Coach Arnone for all those who supported bringing this Ice Hockey program here to the Redwings Nation. I would also like to congratulate our players and families for their commitment and dedication over the past two years. The future is very bright for our Ice Hockey Program. The number of Hoboken students in grades 5-8 playing on competitive ice hockey clubs is astounding. It is a sport that is gaining such interest and traction.”
Jack Baker, Hoboken HS Athletic Director said, “
The Hoboken Board of Education and The Hoboken High School Ice Hockey Team recently announced earlier this month that their new home ice will be The American Dream, the shopping and entertainment behemoth at the Meadowlands in New Jersey where they will be competing in the New Jersey Interscholastic Ice Hockey League (NJIIHL).
The Hoboken Board of Education and The Hoboken High School Ice Hockey Team recently announced earlier this month that their new home ice will be The American Dream, the shopping and entertainment behemoth at the Meadowlands in New Jersey where they will be competing in the New Jersey Interscholastic Ice Hockey League (NJIIHL).
Team 2022-2023 Player Stats
Team 2022-2023 Player Stats
LAST NAME
LAST NAME
FIRST NAME
FIRST NAME
G
G
A
A
Points
Points
Matullo
Matullo
Luca
Luca
13
13
12
12
25
25
Angley
Angley
Miles
Miles
9
9
8
8
17
17
Bathca
Bathca
Luke
Luke
11
11
5
5
16
16
Napolitani
Napolitani
Grant
Grant
7
7
6
6
13
13
Boyijan
Boyijan
Marina
Marina
6
6
3
3
9
9
Schissler
Schissler
Maxim
Maxim
6
6
2
2
8
8
Womack
Womack
Ryan
Ryan
6
6
1
1
7
7
Dominguez
Dominguez
Jean-Batiste
Jean-Batiste
0
0
2
2
2
2
Getz
Getz
Jordan
Jordan
0
0
2
2
2
2
Clark
Clark
Teagan
Teagan
1
1
1
1
2
2
Bankley
Bankley
Evan
Evan
0
0
1
1
1
1
Santiago
Santiago
Maynard
Maynard
0
0
0
0
0
0
Sanchez
Sanchez
Frank
Frank
0
0
0
0
0
0
Shinn
Shinn
Alanah
Alanah
0
0
0
0
0
0
Veras
Veras
Isabella
Isabella
0
0
0
0
0
0
Almeida
Almeida
Valentina
Valentina
0
0
0
0
0
0
Sederquist
Sederquist
Lily
Lily
0
0
0
0
0
0
LAST NAME
LAST NAME
FIRST NAME
FIRST NAME
Games Played
Games Played
Time on Ice
Time on Ice
Goals Against
Goals Against
Shots Against
Shots Against
Saves
Saves
Save %
Save %
Goals Against Average
Goals Against Average
Shutouts
Shutouts
Kagan
Kagan
Maksim
Maksim
6
6
270
270
2
2
97
97
95
95
0.979
0.979
0.02
0.02
4
4
This press release was produced by Hoboken Public School District. The views expressed here are the author’s own.
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This Lent, let’s think about how we can solve the moral issue of food waste | Faith Matters
njhttps://www.nj.com/opinion/2023/02/this-lent-think-about-how-we-can-solve-the-moral-issue-of-food-waste-faith-matters.html
Years before Wegmans supermarkets migrated to New Jersey, I visited one of their superstores in Rochester, New York, where they originated in 1916. Actually, it was like a bunch of stores within one large store. I wandered into their pizzeria and ordered a slice and a soda and sat down facing the display case. As I was eating, the counter man took the rest of the pie my slices had come from and slid them into a large black garbage bag.I walked up to him and asked him why, and he said state law required the store throw food away after ...
Years before Wegmans supermarkets migrated to New Jersey, I visited one of their superstores in Rochester, New York, where they originated in 1916. Actually, it was like a bunch of stores within one large store. I wandered into their pizzeria and ordered a slice and a soda and sat down facing the display case. As I was eating, the counter man took the rest of the pie my slices had come from and slid them into a large black garbage bag.
I walked up to him and asked him why, and he said state law required the store throw food away after it passed its “shelf life,” so to speak. I said what about putting it in the break room for the employees or donating it to a local shelter. He said New York state law prohibited it. I spoke to the store manager, and ditto. I finally called the corporate office and was told the state Agricultural Department governs food disposal rules.
This distressing incident came back to me when I participated in a webinar earlier this month about the enormous amount of food waste and what can be done to reduce it.
Food loss and waste could feed over 1.26 billion hungry people annually, according to a webinar hosted by Harvard University on Feb. 8. During “Scraps: The Environmental & Societal Implications of Reducing Food Waste,” Harvard Kennedy School adjunct lecturer in Public Policy Afreen Siddiqi “set the table” for the conversation with an overview of the environmental, social and economic impacts of wasted food.
An estimated 30-40% of all food in America is wasted, and “that equates to 130 billion meals and more than $408 billion in food thrown away each year,” she said.
Siddiqi distinguished between food loss, which occurs before it arrives at the retail destination, and food waste by the retailer and the shopper at home. For example, 20% of fruits and vegetables are lost during picking and sorting, 3% during storage and shipping and 2% during juice production, according to 2016 National Geographic issue “Too Good to Waste.”
Home waste amounts to 19% and restaurants, 9%.
Harvard’s recycling services supervisor, Dailey Brannin, explained how the university strives to “reduce, reuse and recycle.”
Brenda Page Viollette, a Harvard College student and a Food Literacy Project Fellow, helps operate a Harvard-based shelter for homeless students. She coordinates with the university’s dining halls to bring leftover food to the two shelters, totaling 50 residents, thus reducing waste and saving money.
The Lutheran Lunch Program run out of St. Matthew-Trinity Lutheran Church in Hoboken benefits from local restaurants and food rescue programs. Program manager Stanley Enzweiler, who goes by “Spike,” said these businesses deliver all the food the program needs to offer a light breakfast and hearty lunch for about 75 people Monday through Thursday.
For example, Chick-fil-A at the Newport Centre mall in Jersey City sends chicken and biscuits. Hoboken food establishments Bagels on the Hudson delivers bagels and pastries; Qdoba, meat and rice; Johnny Pepperoni, pasta; Vito’s Deli, sandwich meats and cheese; Choc O Pain, pastries, sandwiches, and quiches. Whole Foods in Weehawken donates bread, fruit, eggs and many other groceries. These include prepared foods that weren’t sold and some food items that might soon expire.
Enzweiler said that some food establishments work through agencies that connect food donors with organizations in need. Two agencies he said they work with are Rescuing Leftover Cuisine and Food Donation Connection. Anyone is welcome to the church’s social hall, including senior citizens, people on fixed incomes, homeless people and transients, people in need just passing through Hoboken.
Harvard’s Siddiqi pointed out that food waste occurs in all socio-economic groupings globally at the same rate of roughly 75%.
One way supermarkets are cutting down on food waste is by offering slightly dated, but good, produce, bread and cake at reduced rates at the front of the store near checkout so people can easily see what’s for sale. Another growing market is preventing loss from food for “aesthetic reasons.”
Stores are selling odd-looking fruits and vegetables at discount, which “redefines beauty, but not taste,” said Ron Clark, a founder of Imperfect, a business that lobbies farmers and stores to sell these odd-looking fruits and vegetables instead of wasting them, according to National Geographic.
Lent is a time when people fast or abstain from certain foods, often voluntarily. Harvesting such energy to reduce loss and waste can help feed more hungry people and also help the environment. It’s a problem that can be solved by eating what we buy and only buying what we need.
The Rev. Alexander Santora is the pastor of Our Lady of Grace and St. Joseph, 400 Willow Ave., Hoboken, NJ 07030. Email: [email protected]; Twitter: @padrehoboken.
Veris sells hotel portfolio as shift to multifamily continues
Pat Ralphhttps://therealdeal.com/new-york/tristate/2023/02/22/veris-sells-hotel-portfolio-as-shift-to-multifamily-continues
Veris Residential has checked out of the North Jersey hotel market.The REIT sold off its remaining hotel investments for $214 million, the Jersey City-based firm disclosed in its fourth-quarter earnings report, as it continues to focus its portfolio on multifamily properties.Veris, led by CEO Mahbod Nia and formerly known as Mack-Cali Realty, sold the 35...
Veris Residential has checked out of the North Jersey hotel market.
The REIT sold off its remaining hotel investments for $214 million, the Jersey City-based firm disclosed in its fourth-quarter earnings report, as it continues to focus its portfolio on multifamily properties.
Veris, led by CEO Mahbod Nia and formerly known as Mack-Cali Realty, sold the 351-key Hyatt Regency hotel in Jersey City for $117 million in November to a joint venture of Taconic Capital Advisors and HEI Hotels & Resorts affiliates.
Veris then sold the 372-key Residence Inn and Envue hotels at Port Imperial in Weehawken for $97 million this month to Blue Sky Hospitality Solutions, which is an affiliate of Navika Capital Group.
The net proceeds of the two transactions were more than $22 million, according to Veris.
The deals come as the firm continues to wring office and hotel assets out of its commercial portfolio to own solely residential properties in North Jersey, Westchester County and the greater Boston area.
The REIT has completed $1.4 billion of non-strategic asset sales since the start of 2022, of which about $831 million closed during the year. The firm used about $301 million to repay debt and acquire the five-story, 240-unit residential complex known as The James in Park Ridge, Bergen County last year.
Veris sold the 14-story, 566,000-square-foot office building at 111 River Street in Hoboken last January for $210 million to SJP Properties and David Werner Real Estate Investments.
It also sold the 40-story, 1.3-million-square-foot office building at 101 Hudson Street in Jersey City last October for $346 million to Jersey City-based investor Mark Meisner’s Birch Group. The deal made $90 million of net proceeds available to pay down its revolving credit facility, according to the company.
About $437 million in non-core asset sales are under contract to sell. Nearly all of that is from 601W Companies’ $420 million deal for Veris’ Harborside 1, 2 and 3, three office buildings in a Jersey City complex. The deal is still on track to close by the end of this quarter and is expected to net about $350 million, according to the REIT.
But questions have been raised about whether 601W, the Manhattan-based investment firm led by founder Mark Karasick and fellow managing members Michael Silberberg and Victor Gerstein, can secure financing to close the deal in the first quarter as planned.
“Nothing is done until it’s done. It’s a tricky transaction environment,” Nia said on the firm’s earnings call Wednesday. “Based on everything we know, we feel confident today that it will still close within the time frame we had originally indicated.
The sale of Harborside 1, 2, and 3 would leave Veris with two office buildings: Harborside 5 and 6. Nia reported “continued interest” from buyers in both properties, but said Veris is evaluating its options and would not lay out a specific time frame for when they would be sold.
Multifamily assets now account for 98 percent of Veris’ net operating income. The REIT hasn’t decided if it will acquire more residential properties this year, Nia said, adding that he doesn’t believe acquisitions and development are a near-term priority.
TrueFort Appoints Scott Schneider Chief Revenue Officer
Business Wirehttps://www.businesswire.com/news/home/20230215005051/en/TrueFort-Appoints-Scott-Schneider-Chief-Revenue-Officer
WEEHAWKEN, N.J.--(BUSINESS WIRE)--TrueFort, the lateral movement protection company, today announced the appointment of Scott Schneider as Chief Revenue Officer. Scott brings more than 20 years of experience as a senior sales exec...
WEEHAWKEN, N.J.--(BUSINESS WIRE)--TrueFort, the lateral movement protection company, today announced the appointment of Scott Schneider as Chief Revenue Officer. Scott brings more than 20 years of experience as a senior sales executive to TrueFort. He joins the company from BitSight, and has held senior leadership positions with VisibleRisk, CyberGRX, SecurityScorecard, and Lookingglass Cyber Security Solutions.
“Scott is a proven technology sales leader who has successfully helped scale several cyber security startups to market leadership positions”
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“Scott is a proven technology sales leader who has successfully helped scale several cyber security startups to market leadership positions,” said Sameer Malhotra, CEO of TrueFort. “His domain knowledge, world-class team building skills and go-to-market expertise will help TrueFort accelerate our growth among the Fortune 500.”
Scott joined TrueFort from cyber security ratings vendor BitSight where he served as vice president, CRO for the Risk Division following the company’s acquisition of VisibleRisk. Previously, Scott helped grow CyberGRX from zero to a leadership position in the global market for third-party cyber risk management software. Earlier he was vice president of sales for SecurityScorecard and threat intelligence vendor Lookingglass Cyber Security Solutions.
“Visibility into application environments, whether on-premises or in the cloud, is a blindspot for large organizations that holds the key for detecting and preventing lateral movement attacks,” said Scott Schneider. “TrueFort has developed a powerful solution that analyzes application behavior to identify out-of-bounds activity and enables customers to enforce microsegmentation policies to prevent attacks from becoming breaches. There is a large, untapped market opportunity for TrueFort’s technology.”
About TrueFort
TrueFort puts you in control of lateral movement across the data center and cloud. The TrueFort Cloud extends protection beyond network activity by shutting down the abuse of service accounts. Founded by former IT executives from Bank of America and Goldman Sachs, leading global enterprises trust TrueFort to deliver unmatched application environment discovery and microsegmentation for both identity and activity. For more information visit https://truefort.com and follow us on LinkedIn and Twitter.
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