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, 2020

Significant Accounting Policies [Line Items]

Schedule Of Rental Property Improvements



		June 30,		December 31,
		2020		2019
Land held for development (including pre-development costs, if any) (a)(c)	$	361,928	$	388,702
Development and construction in progress, including land (b)(d)		613,014		464,110
Total	$	974,942	$	852,812

(a)Includes predevelopment and infrastructure costs included in buildings and improvements of $150.1 million and $156.5 million as of June 30, 2020 and December 31, 2019, respectively.

(b)Includes land of $84.0 million and $96.6 million as of June 30, 2020 and December 31, 2019, respectively.

(c)Includes $38.9 million of land and $13.9 million of building and improvements pertaining to assets held for sale at June 30, 2020

(d)Includes $0.5 million of land and $0.7 million of building and improvements pertaining to assets held for sale at June 30, 2020

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]