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

Annual report pursuant to Section 13 and 15(d)

REVOLVING CREDIT FACILITY AND TERM LOANS - Narrative (Details)

REVOLVING CREDIT FACILITY AND TERM LOANS - Narrative (Details) $ in Thousands		12 Months Ended
	Jul. 25, 2023 USD ($) extension multi-familyResidentialUnit lender	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Borrowings from revolving credit facility		$ 81,000	$ 102,000	$ 196,000
Loan balance		$ 1,900,000	1,900,000
Revolving Credit Facility \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Number of lenders \| lender	2
Secured debt	$ 60,000
Borrowings from revolving credit facility	$ 52,000
Loan period	1 year
Number of extensions \| extension	1
Extension option period	6 months
Number of units in unencumbered properties \| multi-familyResidentialUnit	240
Facility fee basis points	3500.00%
Increase in interest rate (as a percent)	0.25%
Total leverage ratio	65.00%
Debt service coverage ratio	125.00%
Tangible net worth ratio	80.00%
Percentage of net cash proceeds of equity issuances	80.00%
Percentage of maximum unhedged variable rate debt ratio	30.00%
Cash sweep threshold	$ 25,000
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Alternative Base Rate
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	1.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| New York Federal Reserve Bank Rate
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	0.50%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Adjusted Term Secured Overnight Financing Rate
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	1.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Adjusted Term Secured Overnight Financing Rate Subject To Floor
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	0.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Term Secured Overnight Financing Rate
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	1000.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Adjusted Daily Effective Secured Overnight Financing Rate
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	0.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| SOFR
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	1000.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Minimum
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	25000.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	35000.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Maximum \| SOFR
Debt Instrument [Line Items]
Effective Rate (as a percent)		3.85%
Term Loan \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Secured debt	$ 115,000
Loan balance	$ 115,000
Loan period	1 year
Number of extensions \| extension	1
Extension option period	6 months
Unsecured Revolving Credit Facility \| Unsecured Term Loan
Debt Instrument [Line Items]
Loan balance			$ 0
Revolving Credit Facility and Term Loan \| 2021 Credit Agreement
Debt Instrument [Line Items]
Written off unamortized deferred financing costs					$ 2,700