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

Annual report pursuant to Section 13 and 15(d)

Investments In Unconsolidated Joint Ventures (Tables)

Investments In Unconsolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2011

Investments In Unconsolidated Joint Ventures [Abstract]

Summary Of The Results Of Financial Position


	December 31, 2011
	Plaza		Red Bank		Princeton			Boston-
	VIII & IX	Harborside	Corporate	Gramercy	Forrestal	Gale	12	Downtown	Gale	Combined
	Associates	South Pier	Plaza I & II	Agreement	Village	Kimball	Vreeland	Crossing	Jefferson	Total
Assets:
Rental property, net	$ 8,335	$ 59,733	$ 22,903	$ 39,276	--	--	$ 13,122	--	--	$ 143,369
Other assets	933	12,840	2,909	5,669	$ 160	$ 4	521	$ 46,121	$ 2,927	72,084
Total assets	$ 9,268	$ 72,573	$ 25,812	$ 44,945	$ 160	$ 4	$ 13,643	$ 46,121	$ 2,927	$ 215,453
Liabilities and
partners'/members'
capital (deficit):
Mortgages, loans payable
and other obligations	--	$ 70,690	$ 18,100	$ 50,978	--	--	$ 1,207	--	--	$ 140,975
Other liabilities	$ 531	4,982	117	1,086	$ 40	--	168	--	--	6,924
Partners'/members'
capital (deficit)	8,737	(3,099)	7,595	(7,119)	120	$ 4	12,268	$ 46,121	$ 2,927	67,554
Total liabilities and
partners'/members'
capital (deficit)	$ 9,268	$ 72,573	$ 25,812	$ 44,945	$ 160	$ 4	$ 13,643	$ 46,121	$ 2,927	$ 215,453
Company's investments
in unconsolidated
joint ventures, net	$ 4,291	$ (343)	$ 3,676	--	--	--	$ 10,233	$ 13,005	$ 1,153	$ 32,015


	December 31, 2010
	Plaza		Red Bank		Princeton			Boston-
	VIII & IX	Harborside	Corporate	Gramercy	Forrestal	Gale	12	Downtown	Gale	Combined
	Associates	South Pier	Plaza I & II	Agreement	Village	Kimball	Vreeland	Crossing	Jefferson	Total
Assets:
Rental property, net	$ 8,947	$ 64,964	$ 23,594	$ 40,786	--	--	$ 14,081	--	--	$ 152,372
Other assets	906	11,681	6,422	6,261	$ 1,435	$ 51	734	$ 46,111	$ 2,440	76,041
Total assets	$ 9,853	$ 76,645	$ 30,016	$ 47,047	$ 1,435	$ 51	$ 14,815	$ 46,111	$ 2,440	$ 228,413
Liabilities and
partners'/members'
capital (deficit):
Mortgages, loans payable
and other obligations	--	$ 72,168	$ 20,424	$ 50,978	--	--	$ 3,161	--	--	$ 146,731
Other liabilities	$ 529	4,356	89	1,719	$ 612	--	--	--	--	7,305
Partners'/members'
capital (deficit)	9,324	121	9,503	(5,650)	823	$ 51	11,654	$ 46,111	$ 2,440	74,377
Total liabilities and
partners'/members'
capital (deficit)	$ 9,853	$ 76,645	$ 30,016	$ 47,047	$ 1,435	$ 51	$ 14,815	$ 46,111	$ 2,440	$ 228,413
Company's investments
in unconsolidated
joint ventures, net	$ 4,584	$ 1,161	$ 4,598	--	--	--	$ 9,860	$ 13,022	$ 995	$ 34,220

Summary Of The Results Of Operations


		Year Ended December 31, 2011
	Plaza			Red Bank			Princeton				Boston-
	VIII & IX		Harborside	Corporate		Gramercy	Forrestal	Route 93	Gale	12	Downtown	Gale	Combined
	Associates		South Pier	Plaza I & II	M-G-G	Agreement	Village	Portfolio	Kimball	Vreeland	Crossing	Jefferson	Total
Total revenues	$ 963		$ 38,428	$ 3,257	--	$ 6,141	--	--	--	$ 2,250	--	$ 278	$ 51,317
Operating and other	(214)		(25,521)	(902)	--	(3,821)	--	--	--	(159)	$ (1,473)	--	(32,090)
Depreciation and amortization	(613)		(5,664)	(903)	--	(2,230)	--	--	--	(1,183)	--	--	(10,593)
Interest expense	--		(4,464)	(560)	--	(1,559)	--	--	--	(160)	--	--	(6,743)

Net income	$ 136		$ 2,779	$ 892	--	$ (1,469)	--	--	--	$ 748	$ (1,473)	$ 278	$ 1,891
Company's equity in earnings
(loss) o f unconsolidated
joint ventures	$ 68		$ 1,495	$ 446	--	--	--	--	--	$ 374	$ (448)	$ 87	$ 2,022


		Year Ended December 31, 2010
	Plaza			Red Bank			Princeton				Boston-
	VIII & IX		Harborside	Corporate		Gramercy	Forrestal	Route 93	Gale	12	Downtown	Gale	Combined
	Associates		South Pier	Plaza I & II	M-G-G	Agreement	Village	Portfolio	Kimball	Vreeland	Crossing	Jefferson	Total
Total revenues	$ 798		$ 34,680	$ 4,325	--	$ 17,802	$ 11,677	--	$ 5,194	$ 2,386	--	--	$ 76,862
Operating and other	(206)		(24,206)	(1,028)	--	(5,793)	(6,614)	--	--	(161)	$ (1,446)	$ (88)	(39,542)
Depreciation and amortization	(612)		(5,067)	(901)	--	(3,965)	(3,154)	--	--	(1,411)	--	--	(15,110)
Interest expense	--		(4,449)	(335)	--	(2,485)	(1,620)	--	--	(293)	--	--	(9,182)

Net income	$ (20)		$ 958	$ 2,061	--	$ 5,559	$ 289	--	$ 5,194	$ 521	$ (1,446)	$ (88)	$ 13,028
Company's equity in earnings
(loss) o f unconsolidated
joint ventures	$ (10)		$ 301	$ 649	--	--	$ (379)	--	$ 1,909	$ 260	$ (437)	$ (17)	$ 2,276


		Year Ended December 31, 2009
	Plaza			Red Bank			Princeton				Boston-
	VIII & IX		Harborside	Corporate		Gramercy	Forrestal	Route 93	Gale	12	Downtown	Gale	Combined
	Associates		South Pier	Plaza I & II	M-G-G	Agreement	Village	Portfolio	Kimball	Vreeland	Crossing	Jefferson	Total
Total revenues	$ 804		$ 35,002	$ 3,214	$ 17,582	$ 7,902	$ 13,171	$ 2,153	$ 1,664	$ 2,579	--	--	$ 84,071
Operating and other	(192)		(23,170)	(1,002)	(7,076)	(4,675)	(7,558)	(2,487)	--	(62)	$ (10,881)	$ (58)	(57,161)
Depreciation and amortization	(612)		(4,215)	(871)	(6,493)	(3,073)	(3,948)	(1,206)	--	(1,251)	--	--	(21,669)
Interest expense	--		(4,592)	(340)	(4,883)	(1,862)	(1,788)	(649)	--	(467)	--	--	(14,581)

Net income	--		$ 3,025	$ 1,001	$ (870)	$ (1,708)	$ (123)	$ (2,189)	$ 1,664	$ 799	$ (10,881)	$ (58)	$ (9,340)
Company's equity in earnings
(loss) o f unconsolidated
joint ventures	--		$ 2,856	$ 463	$ (916)	--	$ (131)	$ (4,354)	$ 648	$ 400	$ ( 4,500)	$ (26)	$ (5,560)