Company: VRE
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001628280-25-045884
Chunk: 56

Company: Veris Residential, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 impairment charges of $6.9 million.(b) Net sales proceeds include the buyer's assumption of the $41.0 million mortgage loan encumbering the property.The Company disposed of the following developable land holdings during the nine months ended September 30, 2025 (dollars in thousands):DispositionDatePropertyLocationNetSalesProceedsNetCarryingValueGain (loss) on disposition of developable land01/24/2565 LivingstonRoseland, NJ$7,139 $7,295 (a)$(156)04/03/25Wall LandWall Township, NJ30,152 4,116 26,036 04/29/251 Water StreetWhite Plains, NY15,563 5,033 10,530 08/28/25PI South - Building 2Weehawken, NJ36,520 (b)37,638 (c)(1,118)Totals  $89,374 $54,082 $35,292 (a) Net carrying value reflects previously recorded impairment charges of $2.6 million.(b) This property was owned through a consolidated joint venture; the amounts presented in this table reflect the Company’s consolidated balances.(c) Net carrying value reflects previously recorded impairment charges of $3.2 million.The Company disposed of the following rental property during the nine months ended September 30, 2024 (dollars in thousands):DispositionDatePropertyLocationRentableSquareFeetProperty TypeNetSalesProceedsNetCarryingValueDiscontinued Operations: Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net03/20/24Harborside 5Jersey City, NJ977,225Office$81,515 $81,228 $287 Others (a)1,261 Totals  $81,515 $81,228 $1,548 (a) Others represent resolution of estimated accrued expenses from various previously sold rental properties.The Company disposed of the following developable land holdings during the nine months ended September 30, 2024 (dollars in thousands):

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DispositionDatePropertyLocationNetSalesProceedsNetCarryingValueGain (loss) on disposition of developable land01/03/242 CampusParsippany-Troy Hills, NJ$10,155 $9,371 $784 04/16/24107 MorganJersey City, NJ50,