Veris Residential, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 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 ($) property extension lender draw	Dec. 31, 2024	Mar. 31, 2025 USD ($)
Line of Credit Facility [Line Items]
Loan balance			$ 1,700
Revolving Credit Facility \| Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Number of lenders \| lender	8
Secured debt	$ 300
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		900
Loan balance			$ 148
Decrease in interest rate		0.05%
Decrease in commitment fee percentage		0.01%
Effective rate (as a percent)			6.23%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Debt Covenant Period One
Line of Credit Facility [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
Line of Credit Facility [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
Line of Credit Facility [Line Items]
Interest rate, variable (as a percent)	1.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| NYFRB Rate
Line of Credit Facility [Line Items]
Interest rate, variable (as a percent)	0.50%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Adjusted Term SOFR
Line of Credit Facility [Line Items]
Interest rate, variable (as a percent)	1.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Adjusted Term SOFR Subject to Floor
Line of Credit Facility [Line Items]
Interest rate, variable (as a percent)	0.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Term SOFR
Line of Credit Facility [Line Items]
Interest rate, variable (as a percent)	0.10%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Adjusted Daily Effective SOFR
Line of Credit Facility [Line Items]
Interest rate, variable (as a percent)	0.00%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Interest rate, variable (as a percent)	0.10%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Minimum
Line of Credit Facility [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
Line of Credit Facility [Line Items]
Facility fee basis points	0.35%
Interest rate, variable (as a percent)	2.00%
Term Loan \| Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Secured debt	$ 200
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		$ 200