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 (Details)

REVOLVING CREDIT FACILITY AND TERM LOANS (Details) $ in Millions		12 Months Ended
	Apr. 22, 2024 USD ($) property lender extension draw	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jul. 25, 2023 USD ($) lender	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Loan balance		$ 1,700.0	$ 1,900.0
Revolving Credit Facility \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Number of lenders \| lender	8			2
Secured debt	$ 300.0			$ 60.0
Loan period	3 years
Number of extensions \| extension	1
Extension option period	12 months
Number of properties with first priority lien \| property	5
Appraisal value	$ 900.0	900.0
Loan balance		$ 152.0
Decrease in interest rate (as a percent)		(0.05%)
Decrease in commitment fee percentage		0.01%
Effective rate		6.23%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Debt Covenant Period One
Debt Instrument [Line Items]
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%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Debt Covenant Period Two
Debt Instrument [Line Items]
Total leverage ratio	60.00%
Debt service coverage ratio	150.00%
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%
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]
Facility fee basis points	0.25%
Interest rate, variable (as a percent)	1.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Facility fee basis points	0.35%
Interest rate, variable (as a percent)	2.00%
Term Loan \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Secured debt	$ 200.0			$ 115.0
Loan period	3 years
Number of extensions \| extension	1
Extension option period	12 months
Facility fee basis points	0.35%
Number of draws \| draw	3
Loan balance	$ 200.0	$ 200.0
Effective rate		6.23%
Revolving Credit Facility and Term Loan \| 2021 Credit Agreement
Debt Instrument [Line Items]
Written off unamortized deferred financing costs					$ 2.7