Annual report [Section 13 and 15(d), not S-K Item 405]

REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION

v3.25.4
REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2025
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    
Essex County    
Millburn (Short Hills)                      
The Upton Multifamily 2021 — 74,877  2,850  —  88,197  2,850  88,197  91,047    11,009 
                     
Hudson County                      
Jersey City
Haus25 Multifamily 2022 — 337,602  53,421  409,612  1,778  53,421  411,390  464,811  41,407 
Liberty Towers Multifamily 2003 2019 (d) 66,670  328,347  28,370  66,670  356,717  423,387    53,420 
BLVD 475 Multifamily 2011 2017 161,174  58,761  240,871  8,121  58,761  248,992  307,753    55,345 
Sable Multifamily 2017 2025 180,406  8,718  307,806  2,079  8,718  309,885  318,603  58,443 
Soho Lofts Multifamily 2017 2019 (d) 27,601  224,039  7,168  27,601  231,207  258,808    39,079 
BLVD 425 Multifamily 2003 2018 130,926  48,820  160,740  10,719  48,820  171,459  220,279    31,876 
BLVD 401 Multifamily 2016 2019 113,388  36,595  152,440  2,111  36,595  154,551  191,146    26,851 
Weehawken
Port Imperial Garage/Retail North Other 2016 2016 —  350  —  29,846  1,958  28,238  30,196    8,281 
Port Imperial Garage/Retail South Other 2013 2013 30,416  13,099  56,669  (19,213) 13,099  37,456  50,555    11,892 
RiverHouse 9 at Port Imperial Multifamily 2021 — 109,664  2,686  —  151,039  2,686  151,039  153,725    16,866 
RiverHouse 11 at Port Imperial Multifamily 2018 2018 99,938  22,047  —  109,088  22,047  109,088  131,135    21,952 
West New York                        
Riverwalk at Port Imperial Other 2008 2020 —  4,305  8,216  2,505  4,305  10,721  15,026    1,840 
                         
MASSACHUSETTS                        
Middlesex County                        
Malden                        
The Emery Multifamily 2020 2014 —  4,115  86,093  7,501  9,104  88,605  97,709    14,054 
                         
Suffolk County                        
East Boston                        
Portside at East Pier Multifamily 2015 2016 —  —  73,713  971  —  74,684  74,684    22,128 
Portside 2 at East Pier Multifamily 2018 2018 93,767  —  37,114  74,410  —  111,524  111,524    21,610 
                         
Projects Under Development
and Developable Land       —  20,075  17,325  —  20,075  17,325  37,400    — 
                         
Furniture, Fixtures
and Equipment       —  —  —  118,797  —  118,797  118,797    80,351 
                         
TOTALS       $ 1,332,158  $ 370,113  $ 2,102,985  $ 623,487  $ 376,710  $ 2,719,875  $ 3,096,585  $ 516,404 
(a)The aggregate cost for federal income tax purposes at December 31, 2025 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, 2025, Soho Lofts 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, 2025, 2024 and 2023 are as follows: (dollars in thousands)
2025 2024 2023
Rental Properties
Balance at beginning of year $ 3,220,252 $ 3,391,488 $ 4,046,122
Additions 38,136 26,269 25,661
Consolidation of joint venture 326,087 — —
Sales and assets held-for-sale (466,041) (194,061) (608,276)
Impairments (20,777) (2,619) (72,019)
Retirements/disposals (1,072) (824) — 
Balance at end of year $ 3,096,585 $ 3,220,252 $ 3,391,488
Accumulated Depreciation
Balance at beginning of year $ 432,531 $ 443,781 $ 631,910
Consolidation of joint venture 58,820 — —
Depreciation expense 84,728 82,550 94,590
Sales and assets held-for-sale (56,087) (92,976) (243,217)
Impairments (2,793) —  (39,502)
Retirements/disposals (795) (824) — 
Balance at end of year $ 516,404 $ 432,531 $ 443,781
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    
Essex County    
Millburn (Short Hills)                      
The Upton Multifamily 2021 — 74,877  2,850  —  88,197  2,850  88,197  91,047    11,009 
                     
Hudson County                      
Jersey City
Haus25 Multifamily 2022 — 337,602  53,421  409,612  1,778  53,421  411,390  464,811  41,407 
Liberty Towers Multifamily 2003 2019 (d) 66,670  328,347  28,370  66,670  356,717  423,387    53,420 
BLVD 475 Multifamily 2011 2017 161,174  58,761  240,871  8,121  58,761  248,992  307,753    55,345 
Sable Multifamily 2017 2025 180,406  8,718  307,806  2,079  8,718  309,885  318,603  58,443 
Soho Lofts Multifamily 2017 2019 (d) 27,601  224,039  7,168  27,601  231,207  258,808    39,079 
BLVD 425 Multifamily 2003 2018 130,926  48,820  160,740  10,719  48,820  171,459  220,279    31,876 
BLVD 401 Multifamily 2016 2019 113,388  36,595  152,440  2,111  36,595  154,551  191,146    26,851 
Weehawken
Port Imperial Garage/Retail North Other 2016 2016 —  350  —  29,846  1,958  28,238  30,196    8,281 
Port Imperial Garage/Retail South Other 2013 2013 30,416  13,099  56,669  (19,213) 13,099  37,456  50,555    11,892 
RiverHouse 9 at Port Imperial Multifamily 2021 — 109,664  2,686  —  151,039  2,686  151,039  153,725    16,866 
RiverHouse 11 at Port Imperial Multifamily 2018 2018 99,938  22,047  —  109,088  22,047  109,088  131,135    21,952 
West New York                        
Riverwalk at Port Imperial Other 2008 2020 —  4,305  8,216  2,505  4,305  10,721  15,026    1,840 
                         
MASSACHUSETTS                        
Middlesex County                        
Malden                        
The Emery Multifamily 2020 2014 —  4,115  86,093  7,501  9,104  88,605  97,709    14,054 
                         
Suffolk County                        
East Boston                        
Portside at East Pier Multifamily 2015 2016 —  —  73,713  971  —  74,684  74,684    22,128 
Portside 2 at East Pier Multifamily 2018 2018 93,767  —  37,114  74,410  —  111,524  111,524    21,610 
                         
Projects Under Development
and Developable Land       —  20,075  17,325  —  20,075  17,325  37,400    — 
                         
Furniture, Fixtures
and Equipment       —  —  —  118,797  —  118,797  118,797    80,351 
                         
TOTALS       $ 1,332,158  $ 370,113  $ 2,102,985  $ 623,487  $ 376,710  $ 2,719,875  $ 3,096,585  $ 516,404 
(a)The aggregate cost for federal income tax purposes at December 31, 2025 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, 2025, Soho Lofts 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, 2025, 2024 and 2023 are as follows: (dollars in thousands)
2025 2024 2023
Rental Properties
Balance at beginning of year $ 3,220,252 $ 3,391,488 $ 4,046,122
Additions 38,136 26,269 25,661
Consolidation of joint venture 326,087 — —
Sales and assets held-for-sale (466,041) (194,061) (608,276)
Impairments (20,777) (2,619) (72,019)
Retirements/disposals (1,072) (824) — 
Balance at end of year $ 3,096,585 $ 3,220,252 $ 3,391,488
Accumulated Depreciation
Balance at beginning of year $ 432,531 $ 443,781 $ 631,910
Consolidation of joint venture 58,820 — —
Depreciation expense 84,728 82,550 94,590
Sales and assets held-for-sale (56,087) (92,976) (243,217)
Impairments (2,793) —  (39,502)
Retirements/disposals (795) (824) — 
Balance at end of year $ 516,404 $ 432,531 $ 443,781