Veris Residential, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Significant Accounting Policies [Line Items]

Schedule Of Rental Property Improvements



		December 31,		December 31,
		2019		2018
Land held for development (including pre-development costs, if any) (a)(c)	$	388,702	$	465,930
Development and construction in progress, including land (b)(d)		464,110		327,039
Total	$	852,812	$	792,969

(a)Includes predevelopment and infrastructure costs included in buildings and improvements of $156.5 million and $204.9 million as of December 31, 2019 and December 31, 2018, respectively.

(b)Includes land of $96.6 million and $49.6 million as of December 31, 2019 and December 31, 2018, respectively.

(c)Includes $48.5 million of land and $40.9 million of building and improvements pertaining to assets held for sale at December 31, 2019.

(d)Includes $0.5 million of land and $5.6 million of building and improvements pertaining to assets held for sale.

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]