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, 2020

Significant Accounting Policies [Line Items]

Schedule Of Rental Property Improvements



		December 31,		December 31,
		2020		2019
Land held for development (including pre-development costs, if any) (a)(c)	$	364,946	$	388,702
Development and construction in progress, including land (b)(d)		733,560		464,110
Total	$	1,098,506	$	852,812

(a)Includes predevelopment and infrastructure costs included in buildings and improvements of $160.3 million and $156.5 million as of December 31, 2020 and December 31, 2019, respectively.

(b)Includes land of $74.9 million and $96.6 million as of December 31, 2020 and December 31, 2019, respectively.

(c)Includes $31.9 million of land and $8.9 million of building and improvements pertaining to assets held for sale at December 31, 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]