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