Veris Residential, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Significant Accounting Policies [Line Items]

Schedule Of Rental Property Improvements

Included in net investment in rental property as of March 31, 2022 and December 31, 2021 is real estate and building and tenant improvements not in service, as follows (dollars in thousands):


		March 31,		December 31,
		2022		2021
Land held for development (including pre-development costs, if any) (a)(b)	$	315,585	$	341,496
Development and construction in progress, including land (c)		726,599		694,768
Total	$	1,042,184	$	1,036,264

(a)Includes predevelopment and infrastructure costs included in buildings and improvements of $147.9 million and $150.9 million as of March 31, 2022 and December 31, 2021, respectively.

(b)Includes land of $68.8 million as of March 31, 2022 and December 31, 2021.

(c)Includes $92.7 million of land and $3.4 million of building and improvements pertaining to assets held for sale at March 31, 2022.