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REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION | 12 Months Ended
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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

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