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

Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Significant Accounting Policies [Line Items]

Schedule Of Rental Property Improvements



		June 30,		December 31,
		2019		2018
Land held for development (including pre-development costs, if any) (a)	$	452,057	$	465,930
Development and construction in progress, including land (b)		465,779		327,039
Total	$	917,836	$	792,969

(a)Includes predevelopment and infrastructure costs included in buildings and improvements of $163.6 million and $204.9 million as of June 30, 2019 and December 31, 2018, respectively.

(b)Includes land of $108.8 million and $49.6 million as of June 30, 2019 and December 31, 2018, respectively.

Estimated Useful Lives Of Assets

Leasehold interests	Remaining lease term
Buildings and improvements	5 to 40 years
Tenant improvements	The shorter of the term of the
	related lease or useful life
Furniture, fixtures and equipment	5 to 10 years

Mack-Cali Realty LP [Member]

Significant Accounting Policies [Line Items]

Schedule Of Rental Property Improvements



		June 30,		December 31,
		2019		2018
Land held for development (including pre-development costs, if any) (a)	$	452,057	$	465,930
Development and construction in progress, including land (b)		465,779		327,039
Total	$	917,836	$	792,969

(a)Includes predevelopment and infrastructure costs included in buildings and improvements of $163.6 million and $204.9 million as of June 30, 2019 and December 31, 2018, respectively.

(b)Includes land of $108.8 million and $49.6 million as of June 30, 2019 and December 31, 2018, respectively.

Estimated Useful Lives Of Assets

Leasehold interests	Remaining lease term
Buildings and improvements	5 to 40 years
Tenant improvements	The shorter of the term of the
	related lease or useful life
Furniture, fixtures and equipment	5 to 10 years