Veris Residential, Inc. Quarterly report pursuant to Section 13 or 15(d)

Deferred Charges, Goodwill And Other Assets, Net (Tables)

Deferred Charges, Goodwill And Other Assets, Net (Tables)

3 Months Ended

Mar. 31, 2017

Deferred Charges, Goodwill And Other Assets [Line Items]

Schedule Of Deferred Charges, Goodwill And Other Assets



		March 31,		December 31,
(dollars in thousands)		2017		2016
Deferred leasing costs	$	208,353	$	220,947
Deferred financing costs - unsecured revolving credit facility (a)		4,945		5,400
		213,298		226,347
Accumulated amortization		(94,616)		(107,359)
Deferred charges, net		118,682		118,988
Notes receivable (b)		5,019		13,251
In-place lease values, related intangibles and other assets, net		121,899		72,046
Goodwill (c)		2,945		2,945
Prepaid expenses and other assets, net		59,883		60,720

Total deferred charges, goodwill and other assets, net	$	308,428	$	267,950

(a)Pursuant to recently issued accounting standards, deferred financing costs related to all other debt liabilities (other than for the unsecured revolving credit facility) are netted against those debt liabilities for all periods presented. See Note 2: Significant Accounting Policies – Deferred Financing Costs.

(b)Includes as of March 31, 2017, an interest-free note receivable with a net present value of $2.8 million which matures in April 2023. The Company believes this balance is fully collectible.

(c)All goodwill is attributable to the Company’s Multi-family Services segment.

Schedule Of Fair Value Of The Derivative Financial Instruments



		Fair Value
Asset Derivatives designated		March 31,		December 31,
as hedging instruments		2017		2016	Balance sheet location
Interest rate swaps	$	4,066	$	2,847	Deferred charges, goodwill and other assets

Liability Derivatives designated
as hedging instruments
Interest rate swaps	$	34	$	-	Accounts payable, accrued expenses and other liabilities

Schedule Of Cash Flow Hedging, Derivative Financial Instruments On The Income Statement



Derivatives in Cash Flow Hedging Relationships		Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)			Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)		Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion, Reclassification for Forecasted Transactions No Longer Probable of Occurring and Amount Excluded from Effectiveness Testing)
		2017		2016			2017		2016			2017		2016
Three months ended March 31,

Interest rate swaps	$	635	$	(7,187)	Interest expense	$	(592)	$	(847)	Interest and other investment income (loss)	$	(43)	$	(913)

Mack-Cali Realty LP [Member]