Veris Residential, Inc. Annual report pursuant to Section 13 and 15(d)

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Narrative (Details)

v3.22.4

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) ft² investment apartmentUnit property	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in equity method joint ventures	$ 126,200
Revolving credit facility and term loans	0	$ 148,000
Management, leasing, development and other services fees	3,600	3,400	$ 4,900
Accounts receivable due from unconsolidated joint ventures	$ 200	$ 200
Unconsolidated Joint Venture
Schedule of Equity Method Investments [Line Items]
Number of VIEs \| investment	3
Unconsolidated Joint Venture \| Minimum \| Unconsolidated Interests
Schedule of Equity Method Investments [Line Items]
Percentage of interest in venture	20.00%
Unconsolidated Joint Venture \| Maximum \| Unconsolidated Interests
Schedule of Equity Method Investments [Line Items]
Percentage of interest in venture	85.00%
Multifamily
Schedule of Equity Method Investments [Line Items]
Number of properties \| property	7
Number of Apartment Units or Rentable SF \| apartmentUnit	2,146
Unconsolidated Joint Venture Retail Buildings
Schedule of Equity Method Investments [Line Items]
Area of mixed use project (in square feet) \| ft²	51,000
Unconsolidated Joint Venture Land Parcels
Schedule of Equity Method Investments [Line Items]
Number of Apartment Units or Rentable SF \| apartmentUnit	829
Unconsolidated Joint Ventures \| Guarantee of Indebtedness of Others
Schedule of Equity Method Investments [Line Items]
Revolving credit facility and term loans	$ 188,500
Unconsolidated Joint Ventures \| Parent Company \| Guarantee of Indebtedness of Others
Schedule of Equity Method Investments [Line Items]
Guaranteed amount	$ 22,000

- Definition

For an unclassified balance sheet, amounts due from an entity in which the reporting entity shares joint control with another party or group.

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The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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Area Of Mixed Use Property

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Long-term Line of Credit, Guaranteed Amount

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Number Of Variable Interest Entities

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