Quarterly report pursuant to Section 13 or 15(d)

REDEEMABLE NONCONTROLLING INTERESTS - Narrative (Details)

v3.23.1
REDEEMABLE NONCONTROLLING INTERESTS - Narrative (Details)
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Apr. 05, 2023
Jun. 30, 2019
USD ($)
Jun. 28, 2019
USD ($)
Jun. 26, 2019
USD ($)
property
trustee
Mar. 10, 2017
USD ($)
Feb. 28, 2017
USD ($)
$ / shares
shares
Feb. 27, 2017
USD ($)
Feb. 03, 2017
USD ($)
$ / shares
shares
Jun. 30, 2019
USD ($)
Mar. 31, 2023
USD ($)
$ / shares
Mar. 31, 2022
USD ($)
$ / shares
shares
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Jun. 25, 2019
trustee
Apr. 30, 2017
shares
Redeemable Noncontrolling Interest [Line Items]                              
Payment for borrowings                   $ 16,000,000 $ 88,000,000        
General and administrative                   10,286,000 19,451,000        
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 88,000,000        
General and administrative                   $ 10,286,000 $ 19,451,000        
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       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          
Increased line of credit                   25,000,000          
Rockpoint | Rockpoint                              
Redeemable Noncontrolling Interest [Line Items]                              
Redemption restriction period     90 days                        
Estimated redemption value                   $ 480,000,000          
Rockpoint | Rockpoint | Subsequent Event                              
Redeemable Noncontrolling Interest [Line Items]                              
Redemption restriction period 90 days                            
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          
Rockpoint | Rockpoint | Cash Flow From Capital Events, Distribution Six                              
Redeemable Noncontrolling Interest [Line Items]                              
Invested capital                   $ 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 | RRLP | Cash Flow From Operations                              
Redeemable Noncontrolling Interest [Line Items]                              
Invested capital                   $ 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%