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

Annual report pursuant to Section 13 and 15(d)

Disclosure Of Fair Value Of Assets And Liabilities (Tables)

Disclosure Of Fair Value Of Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Line Items]

Schedule Of Valuation Techniques And Significant Unobservable Assumptions


		Primary Valuation		Unobservable		Location		Range of
Description		Techniques		Assumptions		Type		Rates
Office properties held for sale on which the Company recognized impairment losses or unrealized allowance reversals		Discounted cash flows or sale prices per purchase and sale agreements		Discount rates		Suburban		7.5% - 10%
				Exit Capitalization rates		Suburban		7.5% - 9%
				Market rental rates per square foot		Suburban		$27.50 - $37.00

Land holdings held for sale and held and used on which the Company recognized impairment losses		Developable units and market rate per unit or sale prices per purchase and sale agreements		Market rates per residential unit		Suburban		$32,000 - $40,000
				Market rates per square foot		Suburban		$12.00
Hotel properties on which the Company recognized impairment losses or unrealized allowance reversals		Discounted cash flows		Discount rate		Waterfront		10%
				Exit Capitalization rate		Waterfront		7.5%

Mack-Cali Realty LP [Member]

Fair Value Disclosures [Line Items]

Schedule Of Valuation Techniques And Significant Unobservable Assumptions


		Primary Valuation		Unobservable		Location		Range of
Description		Techniques		Assumptions		Type		Rates
Office properties held for sale on which the Company recognized impairment losses or unrealized allowance reversals		Discounted cash flows or sale prices per purchase and sale agreements		Discount rates		Suburban		7.5% - 10%
				Exit Capitalization rates		Suburban		7.5% - 9%
				Market rental rates per square foot		Suburban		$27.50 - $37.00

Land holdings held for sale and held and used on which the Company recognized impairment losses		Developable units and market rate per unit or sale prices per purchase and sale agreements		Market rates per residential unit		Suburban		$32,000 - $40,000
				Market rates per square foot		Suburban		$12.00
Hotel properties on which the Company recognized impairment losses or unrealized allowance reversals		Discounted cash flows		Discount rate		Waterfront		10%
				Exit Capitalization rate		Waterfront		7.5%