Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 54

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 54
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VD 425New York Life Insurance Company4.17 %131,000 131,000 08/10/26BLVD 401New York Life Insurance Company4.29 %115,515 117,000 08/10/26Portside at East Pier (e)KKRSOFR+2.75 %56,500 56,500 09/07/26The Upton (f)Bank of New York MellonSOFR+1.58 %75,000 75,000 10/27/26145 Front at City Square (g)US BankSOFR+1.84 %— 63,000 12/10/26RiverHouse 9 at Port Imperial (h)JP MorganSOFR+1.41 %110,000 110,000 06/21/27Quarry Place at TuckahoeNatixis Real Estate Capital LLC4.48 %41,000 41,000 08/05/27BLVD 475The Northwestern Mutual Life Insurance Co.2.91 %164,712 165,000 11/10/27Haus25Freddie Mac6.04 %343,061 343,061 09/01/28RiverHouse 11 at Port ImperialThe Northwestern Mutual Life Insurance Co.4.52 %100,000 100,000 01/10/29Soho Lofts (i)Flagstar Bank3.77 %— 158,777 07/01/29Port Imperial South 4/5 GarageAmerican General Life & A/G PC4.85 %31,098 31,645 12/01/29The Emery at Overlook Ridge (j)Flagstar Bank3.21 %70,653 72,000 01/01/31Principal balance outstanding1,333,966 1,868,983  Unamortized deferred financing costs(10,492)(15,086) Total mortgages, loans payable and other obligations, net$1,323,474 $1,853,897  

70

(a)Reflects effective rate of debt, including deferred financing costs, comprised of debt initiation costs, and other transaction costs, as applicable.(b)On August 1, 2024 the Company paid the outstanding loan amount in full.(c)On September 30, 2024, the Company prepaid the outstanding loan amount