Annual report pursuant to Section 13 and 15(d)

REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION

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REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Real Estate Investments And Accumulated Depreciation
Property Location Property
Type		 Year
Built		 Acquired Related
Encumbrances		 Initial Costs Costs
Capitalized
Subsequent to
Acquisition (c)		 Gross Amount at Which
Carried at Close of
Period (a)		 Total Accumulated
Depreciation (b)
Land Building and
Improvements		 Land Building and
Improvements
     
NEW JERSEY    
Bergen County
Park Ridge
The James Multifamily 2021 2022 (d) $ 12,047  $ 114,208  $ 1,419  $ 12,047  $ 115,627  $ 127,674  $ 7,091 
Essex County    
Millburn (Short Hills)                      
The Upton Multifamily 2021 — 74,730  2,850  —  92,025  2,850  92,025  94,875    8,904 
                     
Hudson County                      
Jersey City
Haus25 Multifamily 2022 — 335,555  53,421  420,959  764  53,421  421,723  475,144  30,644 
Liberty Towers Multifamily 2003 2019 (d) 66,670  328,347  16,076  66,670  344,423  411,093    44,348 
BLVD 475 Multifamily 2011 2017 164,670  58,761  240,871  8,070  58,761  248,941  307,702    48,867 
Soho Lofts Multifamily 2017 2019 (d) 27,601  224,039  6,573  27,601  230,612  258,213    32,899 
BLVD 425 Multifamily 2003 2018 130,800  48,820  160,740  7,552  48,820  168,292  217,112    27,404 
BLVD 401 Multifamily 2016 2019 115,255  36,595  152,440  816  36,595  153,256  189,851    22,925 
Weehawken
Port Imperial Garage/Retail North Other 2016 2016 —  350  —  30,644  1,958  29,036  30,994    7,657 
Port Imperial Garage/Retail South Other 2013 2013 30,961  13,099  56,669  (19,213) 13,099  37,456  50,555    10,893 
RiverHouse 9 at Port Imperial Multifamily 2021 — 109,429  2,686  —  154,751  2,686  154,751  157,437    13,166 
RiverHouse 11 at Port Imperial Multifamily 2018 2018 99,917  22,047  —  112,703  22,047  112,703  134,750    19,313 
West New York                        
Riverwalk at Port Imperial Other 2008 2020 —  4,305  8,216  1,614  4,305  9,830  14,135    1,518 
                         
Morris County                        
Morris Plains                        
Signature Place Multifamily 2018 2018 (d) 930  —  56,583  930  56,583  57,513    9,865 
NEW YORK                        
Westchester County                        
Eastchester                        
Quarry Place at Tuckahoe Multifamily 2016 2016 40,829  5,585  3,400  48,951  5,585  52,351  57,936    11,172 
                         
MASSACHUSETTS                        
Middlesex County                        
Malden                        
The Emery Multifamily 2020 2014 70,272  4,115  86,093  10,060  9,104  91,164  100,268    11,792 
                         
Suffolk County                        
East Boston                        
Portside at East Pier Multifamily 2015 2016 55,732  —  73,713  908  —  74,621  74,621    19,835 
Portside 2 at East Pier Multifamily 2018 2018 95,324  —  37,114  77,336  —  114,450  114,450    19,200 
                         
Worcester County                        
Worcester                        
145 Front at City Square Multifamily 2018 2015 (d) 4,380  —  92,525  4,380  92,525  96,905    16,211 
                         
Projects Under Development
and Developable Land       —  88,087  48,736  —  88,087  48,736  136,823    212 
                         
Furniture, Fixtures
and Equipment       —  —  —  112,201  —  112,201  112,201    68,615 
                         
TOTALS       $ 1,323,474  $ 452,349  $ 1,955,545  $ 812,358  $ 458,946  $ 2,761,306  $ 3,220,252  $ 432,531 
(a)The aggregate cost for federal income tax purposes at December 31, 2024 was approximately $2.1 billion.
(b)Depreciation of buildings and improvements are calculated over lives ranging from the life of the lease to 40 years.
(c)These costs are net of impairments and valuation allowances recorded, if any.
(d)As of December 31, 2024, The James, 145 Front at City Square, Soho Lofts, Signature Place, and Liberty Towers are encumbered by the Company's 2024 Credit Agreement.
NOTE TO SCHEDULE III
Changes in rental properties and accumulated depreciation for the periods ended December 31, 2024, 2023 and 2022 are as follows: (dollars in thousands)
2024 2023 2022
Rental Properties
Balance at beginning of year $ 3,391,488 $ 4,046,122 $ 4,076,866
Additions 26,269 25,661 845,900
Sales and assets held-for-sale (194,061) (608,276) (747,407)
Impairments (2,619) (72,019) (129,237)
Retirements/disposals (824) —  — 
Balance at end of year $ 3,220,252 $ 3,391,488 $ 4,046,122
Accumulated Depreciation
Balance at beginning of year $ 443,781 $ 631,910 $ 583,416
Depreciation expense 82,550 94,590 102,476
Sales and assets held-for-sale (92,976) (243,217) (28,924)
Impairments —  (39,502) (25,058)
Retirements/disposals (824) —  — 
Balance at end of year $ 432,531 $ 443,781 $ 631,910
VERIS RESIDENTIAL, L.P.  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]  
Real Estate Investments And Accumulated Depreciation
Property Location Property
Type		 Year
Built		 Acquired Related
Encumbrances		 Initial Costs Costs
Capitalized
Subsequent to
Acquisition (c)		 Gross Amount at Which
Carried at Close of
Period (a)		 Total Accumulated
Depreciation (b)
Land Building and
Improvements		 Land Building and
Improvements
     
NEW JERSEY    
Bergen County
Park Ridge
The James Multifamily 2021 2022 (d) $ 12,047  $ 114,208  $ 1,419  $ 12,047  $ 115,627  $ 127,674  $ 7,091 
Essex County    
Millburn (Short Hills)                      
The Upton Multifamily 2021 — 74,730  2,850  —  92,025  2,850  92,025  94,875    8,904 
                     
Hudson County                      
Jersey City
Haus25 Multifamily 2022 — 335,555  53,421  420,959  764  53,421  421,723  475,144  30,644 
Liberty Towers Multifamily 2003 2019 (d) 66,670  328,347  16,076  66,670  344,423  411,093    44,348 
BLVD 475 Multifamily 2011 2017 164,670  58,761  240,871  8,070  58,761  248,941  307,702    48,867 
Soho Lofts Multifamily 2017 2019 (d) 27,601  224,039  6,573  27,601  230,612  258,213    32,899 
BLVD 425 Multifamily 2003 2018 130,800  48,820  160,740  7,552  48,820  168,292  217,112    27,404 
BLVD 401 Multifamily 2016 2019 115,255  36,595  152,440  816  36,595  153,256  189,851    22,925 
Weehawken
Port Imperial Garage/Retail North Other 2016 2016 —  350  —  30,644  1,958  29,036  30,994    7,657 
Port Imperial Garage/Retail South Other 2013 2013 30,961  13,099  56,669  (19,213) 13,099  37,456  50,555    10,893 
RiverHouse 9 at Port Imperial Multifamily 2021 — 109,429  2,686  —  154,751  2,686  154,751  157,437    13,166 
RiverHouse 11 at Port Imperial Multifamily 2018 2018 99,917  22,047  —  112,703  22,047  112,703  134,750    19,313 
West New York                        
Riverwalk at Port Imperial Other 2008 2020 —  4,305  8,216  1,614  4,305  9,830  14,135    1,518 
                         
Morris County                        
Morris Plains                        
Signature Place Multifamily 2018 2018 (d) 930  —  56,583  930  56,583  57,513    9,865 
NEW YORK                        
Westchester County                        
Eastchester                        
Quarry Place at Tuckahoe Multifamily 2016 2016 40,829  5,585  3,400  48,951  5,585  52,351  57,936    11,172 
                         
MASSACHUSETTS                        
Middlesex County                        
Malden                        
The Emery Multifamily 2020 2014 70,272  4,115  86,093  10,060  9,104  91,164  100,268    11,792 
                         
Suffolk County                        
East Boston                        
Portside at East Pier Multifamily 2015 2016 55,732  —  73,713  908  —  74,621  74,621    19,835 
Portside 2 at East Pier Multifamily 2018 2018 95,324  —  37,114  77,336  —  114,450  114,450    19,200 
                         
Worcester County                        
Worcester                        
145 Front at City Square Multifamily 2018 2015 (d) 4,380  —  92,525  4,380  92,525  96,905    16,211 
                         
Projects Under Development
and Developable Land       —  88,087  48,736  —  88,087  48,736  136,823    212 
                         
Furniture, Fixtures
and Equipment       —  —  —  112,201  —  112,201  112,201    68,615 
                         
TOTALS       $ 1,323,474  $ 452,349  $ 1,955,545  $ 812,358  $ 458,946  $ 2,761,306  $ 3,220,252  $ 432,531 
(a)The aggregate cost for federal income tax purposes at December 31, 2024 was approximately $2.1 billion.
(b)Depreciation of buildings and improvements are calculated over lives ranging from the life of the lease to 40 years.
(c)These costs are net of impairments and valuation allowances recorded, if any.
(d)As of December 31, 2024, The James, 145 Front at City Square, Soho Lofts, Signature Place, and Liberty Towers are encumbered by the Company's 2024 Credit Agreement.
NOTE TO SCHEDULE III
Changes in rental properties and accumulated depreciation for the periods ended December 31, 2024, 2023 and 2022 are as follows: (dollars in thousands)
2024 2023 2022
Rental Properties
Balance at beginning of year $ 3,391,488 $ 4,046,122 $ 4,076,866
Additions 26,269 25,661 845,900
Sales and assets held-for-sale (194,061) (608,276) (747,407)
Impairments (2,619) (72,019) (129,237)
Retirements/disposals (824) —  — 
Balance at end of year $ 3,220,252 $ 3,391,488 $ 4,046,122
Accumulated Depreciation
Balance at beginning of year $ 443,781 $ 631,910 $ 583,416
Depreciation expense 82,550 94,590 102,476
Sales and assets held-for-sale (92,976) (243,217) (28,924)
Impairments —  (39,502) (25,058)
Retirements/disposals (824) —  — 
Balance at end of year $ 432,531 $ 443,781 $ 631,910