Veris Residential, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- SIGNIFICANT ACCOUNTING POLICIES (Policy)
Notes Tables
Notes Details

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Narrative (Details)

v3.23.2

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Narrative (Details) ft² in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) investment property apartmentUnit	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) ft² investment property apartmentUnit	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in equity method joint ventures	$ 122,400		$ 122,400
Management, leasing, development and other services fees	500	$ 900
Accounts receivable	4,498		4,498	$ 2,920
Unconsolidated Joint Venture
Schedule of Equity Method Investments [Line Items]
Accounts receivable	$ 600		$ 600	$ 200
Unconsolidated Joint Venture
Schedule of Equity Method Investments [Line Items]
Number of VIEs \| investment	0		0
Unconsolidated Joint Venture \| Minimum \| Unconsolidated Interests
Schedule of Equity Method Investments [Line Items]
Percentage of interest in venture	20.00%		20.00%
Unconsolidated Joint Venture \| Maximum \| Unconsolidated Interests
Schedule of Equity Method Investments [Line Items]
Percentage of interest in venture	85.00%		85.00%
Multifamily
Schedule of Equity Method Investments [Line Items]
Number of properties \| property	7		7
Number of units in real estate property \| apartmentUnit	2,146		2,146
Unconsolidated Joint Venture Retail Buildings
Schedule of Equity Method Investments [Line Items]
Area of mixed use project (in square feet) \| ft²			51
Unconsolidated Joint Venture Land Parcels
Schedule of Equity Method Investments [Line Items]
Number of units in real estate property \| apartmentUnit	829		829
Unconsolidated Joint Ventures \| Guarantee of Indebtedness of Others
Schedule of Equity Method Investments [Line Items]
Amount outstanding	$ 18,200		$ 18,200
Unconsolidated Joint Ventures \| Parent Company \| Guarantee of Indebtedness of Others
Schedule of Equity Method Investments [Line Items]
Guaranteed amount	$ 2,000		$ 2,000

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Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business.

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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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