Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 39

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 39
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NetSales ProceedsNet CarryingValueDiscontinued Operations Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net02/10/23XS HotelsWeehawken, New Jersey2— Hotel$93,358 (a)$92,578 $780 04/04/23Harborside 1, 2 and 3Jersey City, New Jersey31,886,800 Office362,446 362,304 142 09/13/23Harborside 6Jersey City, New Jersey1231,856 Office44,145 43,722 423 10/13/2323 Main StreetHolmdel, New Jersey1350,000 Office15,884 (b)13,372 2,512 Others (c)2,184 Unrealized gains (losses) on real estate held for sale(3,630)Totals72,468,656 $515,833 $511,976 $2,411 (a)    Included proceeds of $84.0 million used to repay the mortgage loan encumbering the property at closing.(b)    Included deposits totaling $1.3 million received by the Company in February and August 2023.(c)    Others represent resolution of estimated accrued expenses from previously sold rental properties.The Company disposed of the following developable land during the year ended  December 31, 2023 (dollars in thousands):DispositionDatePropertyLocationNetSales ProceedsNetCarrying ValueGain (loss) on disposition of developable landDiscontinued Operations Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net03/17/23Columbia-HoneywellMorris Township, New Jersey$8,214 (a)$8,236 $(22)$— 10/12/233 CampusParsippany-Troy Hills, New Jersey13,248 7,847 5,401 — 10/05/23Harborside 4Jersey City, New Jersey53,656 14,385 — 39,271 Others (b)1,689—Totals$75,118 $30,468 $7,068 $39,271 (a)    Included deposits totaling $1.1 million received by