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

Quarterly report pursuant to Section 13 or 15(d)

REDEEMABLE NONCONTROLLING INTERESTS - Narrative (Details)

REDEEMABLE NONCONTROLLING INTERESTS - Narrative (Details)										3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 25, 2023 USD ($)	Apr. 05, 2023	Jun. 30, 2019 USD ($)	Jun. 28, 2019 USD ($)	Jun. 26, 2019 USD ($) trustee property	Mar. 10, 2017 USD ($)	Feb. 28, 2017 USD ($) $ / shares shares	Feb. 27, 2017 USD ($)	Feb. 03, 2017 USD ($) $ / shares shares	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / shares	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jun. 25, 2019 trustee	Apr. 30, 2017 shares
Redeemable Noncontrolling Interest [Line Items]
Payment for borrowings												$ 16,000,000	$ 115,000,000
General and administrative										$ 9,582,000	$ 11,527,000	19,865,000	30,976,000
Current preferred return payments												2,000,000
Rockpoint \| Designated By Rockpoint
Redeemable Noncontrolling Interest [Line Items]
Number of board members \| trustee					2
RRT
Redeemable Noncontrolling Interest [Line Items]
Number of board members \| trustee					7											6
RRT \| Designated By Veris
Redeemable Noncontrolling Interest [Line Items]
Number of board members \| trustee					5
VERIS RESIDENTIAL, L.P.
Redeemable Noncontrolling Interest [Line Items]
Payment for borrowings												16,000,000	115,000,000
General and administrative										9,582,000	$ 11,527,000	$ 19,865,000	$ 30,976,000
Common unit distribution per unit declared (in dollars per share) \| $ / shares												$ 0	$ 0
Series A Units
Redeemable Noncontrolling Interest [Line Items]
Stock redeemed or called (in shares) \| shares													12,000
Series A Units \| VERIS RESIDENTIAL, L.P.
Redeemable Noncontrolling Interest [Line Items]
Preferred units shares issued (in shares) \| shares									42,800
Preferred unit annual rate									3.50%
Preferred unit in operating partnership									$ 1,000
Convertible preferred units ratio									28.15
Expiration period									5 years
Shares that may be converted to common units (in shares) \| shares									1,204,820
Common unit distribution per unit declared (in dollars per share) \| $ / shares									$ 35.52
Series A Units \| VERIS RESIDENTIAL, L.P. \| The Joint Venture
Redeemable Noncontrolling Interest [Line Items]
Percentage of interest in venture									37.50%
Series A-1 Units \| VERIS RESIDENTIAL, L.P.
Redeemable Noncontrolling Interest [Line Items]
Preferred units shares issued (in shares) \| shares							9,213										91
Preferred unit annual rate							3.50%
Preferred unit in operating partnership							$ 1,000
Convertible preferred units ratio							27.936
Expiration period							5 years
Shares that may be converted to common units (in shares) \| shares							257,375
Common unit distribution per unit declared (in dollars per share) \| $ / shares							$ 35.80
Series A-1 Units \| VERIS RESIDENTIAL, L.P. \| The Joint Venture
Redeemable Noncontrolling Interest [Line Items]
Percentage of interest in venture							13.80%
Series A-1 Units \| VERIS RESIDENTIAL, L.P. \| Monaco (BLVD 495 N/S)
Redeemable Noncontrolling Interest [Line Items]
Preferred units shares issued (in shares) \| shares							9,122
Investment Agreement \| Minimum
Redeemable Noncontrolling Interest [Line Items]
Incremental closing payments, limited partnership interest															$ 105,000,000
RRLP \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Annual return on the equity value												6.00%
RRLP \| Investment Agreement \| Cash Flow From Capital Events, Distribution Four
Redeemable Noncontrolling Interest [Line Items]
Base return												5.00%
RRLP \| Credit Enhancement Note
Redeemable Noncontrolling Interest [Line Items]
Variable interest rate												0.50%
Borrowing capacity under the credit facility										50,000,000		$ 50,000,000
Increased line of credit										25,000,000		25,000,000
Rockpoint \| Rockpoint
Redeemable Noncontrolling Interest [Line Items]
Redemption restriction period		90 days		90 days
Estimated redemption value												$ 487,600,000
Issuance period following conversion election		30 days
Rockpoint \| Rockpoint \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Base return												4.64%
Rockpoint \| Rockpoint \| Cash Flow From Capital Events, Distribution Five
Redeemable Noncontrolling Interest [Line Items]
Invested capital										400,000,000		$ 400,000,000
Rockpoint \| Rockpoint \| Cash Flow From Capital Events, Distribution Six
Redeemable Noncontrolling Interest [Line Items]
Invested capital										400,000,000		$ 400,000,000
Rockpoint \| Rockpoint \| Distribution One
Redeemable Noncontrolling Interest [Line Items]
Purchase price				$ 173,500,000
Purchase price, less distributions				198,500,000
Rockpoint \| Rockpoint \| Distribution Two
Redeemable Noncontrolling Interest [Line Items]
Purchase price, less distributions				$ 1,500,000
Rockpoint \| Preferred Units \| Rockpoint
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												10.947%
Rockpoint \| Preferred Units \| Rockpoint \| Cash Flow From Capital Events, Distribution Five
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												21.89%
Rockpoint \| Investment Agreement \| Maximum
Redeemable Noncontrolling Interest [Line Items]
Contributed amount to obtain equity units								$ 300,000,000
Rockpoint \| Investment Agreement \| Rockpoint
Redeemable Noncontrolling Interest [Line Items]
Incremental closing payments, limited partnership interest					$ 46,000,000	$ 150,000,000								$ 45,000,000
Contributed equity value						$ 1,230,000,000
Rockpoint \| Investment Agreement \| Rockpoint \| Maximum
Redeemable Noncontrolling Interest [Line Items]
Contributed amount to obtain equity units														300,000,000
Rockpoint \| Add On Investment Agreement \| Rockpoint
Redeemable Noncontrolling Interest [Line Items]
Contributed amount to obtain equity units					$ 100,000,000
Number of properties in which additional interest was acquired during period \| property					2
Payment for borrowings			$ 100,000,000
Right of first refusal to invest			100,000,000
General and administrative														$ 371,000
Rockpoint \| Add On Investment Agreement \| Rockpoint \| Maximum
Redeemable Noncontrolling Interest [Line Items]
Contributed amount to obtain equity units			$ 154,000,000
Rockpoint \| Rockpoint Purchase Agreement \| Rockpoint \| Subsequent Event
Redeemable Noncontrolling Interest [Line Items]
Purchase price	$ 520,000,000
Rockpoint \| RRLP \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Invested capital										$ 400,000,000		$ 400,000,000
Rockpoint \| RRLP \| Cash Flow From Capital Events, Distribution Four
Redeemable Noncontrolling Interest [Line Items]
Base return												4.64%
Rockpoint \| RRLP \| Rockpoint \| Cash Flow From Capital Events, Distribution Three
Redeemable Noncontrolling Interest [Line Items]
Base return												4.64%
Rockpoint \| RRLP \| Rockpoint \| Cash Flow From Capital Events, Distribution Five
Redeemable Noncontrolling Interest [Line Items]
Internal rate of return												11.00%
Rockpoint \| RRLP \| Rockpoint \| Cash Flow From Capital Events, Distribution Six
Redeemable Noncontrolling Interest [Line Items]
Pro rata share												50.00%
Rockpoint \| RRLP \| RRT \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Annual return on the equity value												6.00%
Rockpoint \| RRLP \| Preferred Units \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												21.89%
Rockpoint \| RRLP \| Investment Agreement \| Rockpoint \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Base return												5.00%
Rockpoint \| RRLP \| Investment Agreement \| Rockpoint \| Cash Flow From Capital Events, Distribution Three
Redeemable Noncontrolling Interest [Line Items]
Base return												95.00%
RRT \| Preferred Units \| RRT \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												2.65%
RRT \| Preferred Units \| RRT \| Cash Flow From Capital Events, Distribution Five
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												2.65%
RRT \| Preferred Units \| RRT \| Cash Flow From Capital Events, Distribution Six
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												1.325%
RRT \| Common Unit \| RRT \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												75.46%
RRT \| Common Unit \| RRT \| Cash Flow From Capital Events, Distribution Five
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												75.46%
RRT \| Common Unit \| RRT \| Cash Flow From Capital Events, Distribution Six
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution												87.728%
RRT \| RRLP \| Cash Flow From Capital Events, Distribution Four
Redeemable Noncontrolling Interest [Line Items]
Base return												95.36%
RRT \| RRLP \| RRT
Redeemable Noncontrolling Interest [Line Items]
Loan-to-value ratio					65.00%
Equity capitalization percent					10.00%
RRT \| RRLP \| RRT \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Annual return on the equity value												95.36%
RRT \| RRLP \| RRT \| Cash Flow From Capital Events
Redeemable Noncontrolling Interest [Line Items]
Base return												95.36%
RRT \| RRLP \| Investment Agreement \| Cash Flow From Capital Events, Distribution Four
Redeemable Noncontrolling Interest [Line Items]
Base return												95.00%
RRT \| RRLP \| Investment Agreement \| RRT \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Annual return on the equity value												95.00%
RRT \| RRLP \| Investment Agreement \| RRT \| Cash Flow From Capital Events, Distribution Three
Redeemable Noncontrolling Interest [Line Items]
Base return												5.00%