Veris Residential, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

INVESTMENTS IN RENTAL PROPERTIES - Narrative (Details)

v3.25.4

INVESTMENTS IN RENTAL PROPERTIES - Narrative (Details) - USD ($) $ in Thousands	Apr. 21, 2025	Oct. 22, 2024	Jan. 12, 2024	Dec. 31, 2025	Dec. 31, 2024
Real Estate Properties [Line Items]
Mortgage loan				$ 332,106
In-place lease values, related intangibles and other assets, net				$ 8,999	$ 9,519
Unconsolidated Joint Venture Office Buildings \| The Metropolitan At 40 Park
Real Estate Properties [Line Items]
Proceeds from the sales of rental property	$ 500
Gain on sale of investments	200
Unconsolidated Joint Venture Office Buildings \| Lofts At 40 Park Property
Real Estate Properties [Line Items]
Proceeds from the sales of rental property			$ 30,300
Gain on sale of investments			7,100
Net proceeds			$ 6,000
Unconsolidated Joint Venture Office Buildings \| Urby at Harborside
Real Estate Properties [Line Items]
Purchase of unconsolidated joint venture interest	38,500
Mortgage loan	$ 181,800
Unconsolidated Joint Venture Office Buildings \| Urby at Harborside \| Sable JV Interest Acquisition
Real Estate Properties [Line Items]
Assets acquired percentage	15.00%
Preacquisition equity interest percentage	85.00%
Transaction costs capitalized	$ 2,100
In-place lease values, related intangibles and other assets, net	2,200
Mortgages, loans payable and other obligations, net	181,000
Unconsolidated Joint Venture Office Buildings \| Urby at Harborside \| Sable JV Interest Acquisition \| Land
Real Estate Properties [Line Items]
Property, plant and equipment	267,300
Unconsolidated Joint Venture Office Buildings \| The Shops At 40 Park Property
Real Estate Properties [Line Items]
Proceeds from the sales of rental property		$ 15,700
Gain on sale of investments		$ 200
Multifamily \| PI North - Land
Real Estate Properties [Line Items]
Proceeds from the sales of rental property	6,600
Gain on sale of investments	$ 4,900

- Definition

Amount of transaction cost incurred as part of consideration transferred in asset acquisition.

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This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Such amount may include the value assigned to existing tenant relationships and excludes the market adjustment component of the value assigned for above or below-market leases acquired.

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The difference between the carrying value and the sale price of an investment. A gain would be recognized when the sale price of the investment is greater than the carrying value of the investment. This element refers to the Gain included in earnings and not to the cash proceeds of the sale.

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Amount of investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate.

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The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.

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Amount of acquisition of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

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Asset Acquisition, Mortgages, Loans Payable and Other Obligations, Net

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Proceeds from Sale of Property, Plant, and Equipment, Net

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