Company: VRE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000924901-25-000011
Chunk: 81

Company: Veris Residential, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 81
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 allowances recorded, if any.(d)As of December 31, 2024, The James, 145 Front at City Square, Soho Lofts, Signature Place, and Liberty Towers are encumbered by the Company's 2024 Credit Agreement. 

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VERIS RESIDENTIAL, INC./VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES

NOTE TO SCHEDULE IIIChanges in rental properties and accumulated depreciation for the periods ended December 31, 2024, 2023 and 2022 are as follows: (dollars in thousands) 202420232022Rental PropertiesBalance at beginning of year$3,391,488$4,046,122$4,076,866Additions26,26925,661845,900Sales and assets held-for-sale(194,061)(608,276)(747,407)Impairments(2,619)(72,019)(129,237)Retirements/disposals(824)— — Balance at end of year$3,220,252$3,391,488$4,046,122Accumulated DepreciationBalance at beginning of year$443,781$631,910$583,416Depreciation expense82,55094,590102,476Sales and assets held-for-sale(92,976)(243,217)(28,924)Impairments— (39,502)(25,058)Retirements/disposals(824)— — Balance at end of year$432,531$443,781$631,910

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