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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 LocationProperty
Type
Year
Built
AcquiredRelated
Encumbrances
Initial CostsCosts
Capitalized
Subsequent to
Acquisition (c)
Gross Amount at Which
Carried at Close of
Period (a)
TotalAccumulated
Depreciation (b)
LandBuilding and
Improvements
LandBuilding and
Improvements
   
NEW JERSEY  
Essex County  
Millburn (Short Hills)           
The UptonMultifamily202174,877 2,850 — 88,197 2,850 88,197 91,047  11,009 
           
Hudson County           
Jersey City
Haus25Multifamily2022337,602 53,421 409,612 1,778 53,421 411,390 464,811 41,407 
Liberty TowersMultifamily20032019(d)66,670 328,347 28,370 66,670 356,717 423,387  53,420 
BLVD 475Multifamily20112017161,174 58,761 240,871 8,121 58,761 248,992 307,753  55,345 
SableMultifamily20172025180,406 8,718 307,806 2,079 8,718 309,885 318,603 58,443 
Soho LoftsMultifamily20172019(d)27,601 224,039 7,168 27,601 231,207 258,808  39,079 
BLVD 425Multifamily20032018130,926 48,820 160,740 10,719 48,820 171,459 220,279  31,876 
BLVD 401Multifamily20162019113,388 36,595 152,440 2,111 36,595 154,551 191,146  26,851 
Weehawken
Port Imperial Garage/Retail NorthOther20162016— 350 — 29,846 1,958 28,238 30,196  8,281 
Port Imperial Garage/Retail SouthOther2013201330,416 13,099 56,669 (19,213)13,099 37,456 50,555  11,892 
RiverHouse 9 at Port ImperialMultifamily2021109,664 2,686 — 151,039 2,686 151,039 153,725  16,866 
RiverHouse 11 at Port ImperialMultifamily2018201899,938 22,047 — 109,088 22,047 109,088 131,135  21,952 
West New York            
Riverwalk at Port ImperialOther20082020— 4,305 8,216 2,505 4,305 10,721 15,026  1,840 
             
MASSACHUSETTS            
Middlesex County            
Malden            
The EmeryMultifamily20202014— 4,115 86,093 7,501 9,104 88,605 97,709  14,054 
             
Suffolk County            
East Boston            
Portside at East PierMultifamily20152016— — 73,713 971 — 74,684 74,684  22,128 
Portside 2 at East PierMultifamily2018201893,767 — 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)
202520242023
Rental Properties
Balance at beginning of year$3,220,252$3,391,488$4,046,122
Additions38,13626,26925,661
Consolidation of joint venture326,087
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 venture58,820
Depreciation expense84,72882,55094,590
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 LocationProperty
Type
Year
Built
AcquiredRelated
Encumbrances
Initial CostsCosts
Capitalized
Subsequent to
Acquisition (c)
Gross Amount at Which
Carried at Close of
Period (a)
TotalAccumulated
Depreciation (b)
LandBuilding and
Improvements
LandBuilding and
Improvements
   
NEW JERSEY  
Essex County  
Millburn (Short Hills)           
The UptonMultifamily202174,877 2,850 — 88,197 2,850 88,197 91,047  11,009 
           
Hudson County           
Jersey City
Haus25Multifamily2022337,602 53,421 409,612 1,778 53,421 411,390 464,811 41,407 
Liberty TowersMultifamily20032019(d)66,670 328,347 28,370 66,670 356,717 423,387  53,420 
BLVD 475Multifamily20112017161,174 58,761 240,871 8,121 58,761 248,992 307,753  55,345 
SableMultifamily20172025180,406 8,718 307,806 2,079 8,718 309,885 318,603 58,443 
Soho LoftsMultifamily20172019(d)27,601 224,039 7,168 27,601 231,207 258,808  39,079 
BLVD 425Multifamily20032018130,926 48,820 160,740 10,719 48,820 171,459 220,279  31,876 
BLVD 401Multifamily20162019113,388 36,595 152,440 2,111 36,595 154,551 191,146  26,851 
Weehawken
Port Imperial Garage/Retail NorthOther20162016— 350 — 29,846 1,958 28,238 30,196  8,281 
Port Imperial Garage/Retail SouthOther2013201330,416 13,099 56,669 (19,213)13,099 37,456 50,555  11,892 
RiverHouse 9 at Port ImperialMultifamily2021109,664 2,686 — 151,039 2,686 151,039 153,725  16,866 
RiverHouse 11 at Port ImperialMultifamily2018201899,938 22,047 — 109,088 22,047 109,088 131,135  21,952 
West New York            
Riverwalk at Port ImperialOther20082020— 4,305 8,216 2,505 4,305 10,721 15,026  1,840 
             
MASSACHUSETTS            
Middlesex County            
Malden            
The EmeryMultifamily20202014— 4,115 86,093 7,501 9,104 88,605 97,709  14,054 
             
Suffolk County            
East Boston            
Portside at East PierMultifamily20152016— — 73,713 971 — 74,684 74,684  22,128 
Portside 2 at East PierMultifamily2018201893,767 — 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)
202520242023
Rental Properties
Balance at beginning of year$3,220,252$3,391,488$4,046,122
Additions38,13626,26925,661
Consolidation of joint venture326,087
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 venture58,820
Depreciation expense84,72882,55094,590
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