Quarterly report pursuant to Section 13 or 15(d)

REDEEMABLE NONCONTROLLING INTERESTS - Narrative (Details)

v3.23.3
REDEEMABLE NONCONTROLLING INTERESTS - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jul. 25, 2023
USD ($)
Jun. 30, 2019
USD ($)
Jun. 28, 2019
USD ($)
Jun. 26, 2019
USD ($)
trustee
property
Mar. 10, 2017
USD ($)
Feb. 28, 2017
USD ($)
$ / shares
shares
Feb. 27, 2017
USD ($)
Feb. 03, 2017
USD ($)
$ / shares
shares
Oct. 31, 2023
shares
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Jun. 30, 2022
shares
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Jun. 25, 2019
trustee
Apr. 30, 2017
shares
Redeemable Noncontrolling Interest [Line Items]                                    
Redemption Value Adjustment                   $ (350,000) $ (4,955,000)   $ (12,310,000) $ (24,875,000)        
Payment for borrowings                         63,000,000 128,000,000        
General and administrative                   14,620,000 12,818,000   34,487,000 43,793,000        
Current preferred return payments                         $ 2,000,000          
Series A Units                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Stock redeemed or called (in shares) | shares                       12,000            
Series A Units | Scenario, Forecast                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Stock redeemed or called (in shares) | shares                 15,100                  
RRLP | Credit Enhancement Note                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Variable interest rate                         0.50%          
Borrowing capacity under the credit facility                   50,000,000     $ 50,000,000          
Increased line of credit                   25,000,000     $ 25,000,000          
Cash Flow From Operations | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Annual return on the equity value                         6.00%          
Rockpoint | Designated By Rockpoint                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Number of board members | trustee       2                            
Roseland Residential Trust                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Number of board members | trustee       7                         6  
Roseland Residential Trust | Designated By Veris                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Number of board members | trustee       5                            
VERIS RESIDENTIAL, L.P.                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Redemption Value Adjustment                   (350,000) (4,955,000)   $ (12,310,000) (24,875,000)        
Payment for borrowings                         63,000,000 128,000,000        
General and administrative                   14,620,000 $ 12,818,000   $ 34,487,000 $ 43,793,000        
VERIS RESIDENTIAL, L.P. | Series A Units                                    
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                    
Exercisable 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                    
VERIS RESIDENTIAL, L.P. | Series A Units | The Joint Venture                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Percentage of interest in venture               37.50%                    
VERIS RESIDENTIAL, L.P. | Series A-1 Units                                    
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                        
Exercisable period           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                        
VERIS RESIDENTIAL, L.P. | Series A-1 Units | The Joint Venture                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Percentage of interest in venture           13.80%                        
VERIS RESIDENTIAL, L.P. | Series A-1 Units | Monaco (BLVD 495 N/S)                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Preferred units shares issued (in shares) | shares           9,122                        
Investment Agreement | Cash Flow From Capital Events, Distribution Four | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         5.00%          
Investment Agreement | Minimum                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Incremental closing payments, limited partnership interest                               $ 105,000,000    
Rockpoint | Cash Flow From Operations | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Invested capital                   400,000,000     $ 400,000,000          
Rockpoint | Cash Flow From Operations | RRLP | Preferred Units                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         21.89%          
Rockpoint | Cash Flow From Capital Events, Distribution Four | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         4.64%          
Rockpoint | Rockpoint                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Redemption restriction period     90 days                              
Estimated redemption value                         $ 487,600,000          
Rockpoint | Rockpoint | Preferred Units                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         10.947%          
Rockpoint | Rockpoint | Cash Flow From Operations                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         4.64%          
Rockpoint | Rockpoint | Cash Flow From Capital Events, Distribution Three | RRLP                                    
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     $ 400,000,000          
Rockpoint | Rockpoint | Cash Flow From Capital Events, Distribution Five | Preferred Units                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         21.89%          
Rockpoint | Rockpoint | Cash Flow From Capital Events, Distribution Five | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Internal rate of return                         11.00%          
Rockpoint | Rockpoint | Cash Flow From Capital Events, Distribution Six                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Invested capital                   400,000,000     $ 400,000,000          
Rockpoint | Rockpoint | Cash Flow From Capital Events, Distribution Six | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata share                         50.00%          
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 | Roseland Residential Trust | Cash Flow From Operations | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Annual return on the equity value                         6.00%          
Rockpoint | Rockpoint Purchase Agreement | Rockpoint                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Purchase price $ 520,000,000                                  
Redemption Value Adjustment                   $ 34,800,000                
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 | Cash Flow From Operations | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         5.00%          
Rockpoint | Investment Agreement | Rockpoint | Cash Flow From Capital Events, Distribution Three | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         95.00%          
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                                
Roseland Residential Trust | Cash Flow From Capital Events, Distribution Four | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         95.36%          
Roseland Residential Trust | Roseland Residential Trust | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Loan-to-value ratio       65.00%                            
Equity capitalization percent       10.00%                            
Roseland Residential Trust | Roseland Residential Trust | Cash Flow From Operations | Common Unit                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         75.46%          
Roseland Residential Trust | Roseland Residential Trust | Cash Flow From Operations | Preferred Units                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         2.65%          
Roseland Residential Trust | Roseland Residential Trust | Cash Flow From Operations | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Annual return on the equity value                         95.36%          
Roseland Residential Trust | Roseland Residential Trust | Cash Flow From Capital Events | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         95.36%          
Roseland Residential Trust | Roseland Residential Trust | Cash Flow From Capital Events, Distribution Five | Common Unit                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         75.46%          
Roseland Residential Trust | Roseland Residential Trust | Cash Flow From Capital Events, Distribution Five | Preferred Units                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         2.65%          
Roseland Residential Trust | Roseland Residential Trust | Cash Flow From Capital Events, Distribution Six | Common Unit                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         87.728%          
Roseland Residential Trust | Roseland Residential Trust | Cash Flow From Capital Events, Distribution Six | Preferred Units                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Pro rata distribution                         1.325%          
Roseland Residential Trust | Investment Agreement | Cash Flow From Capital Events, Distribution Four | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         95.00%          
Roseland Residential Trust | Investment Agreement | Roseland Residential Trust | Cash Flow From Operations | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Annual return on the equity value                         95.00%          
Roseland Residential Trust | Investment Agreement | Roseland Residential Trust | Cash Flow From Capital Events, Distribution Three | RRLP                                    
Redeemable Noncontrolling Interest [Line Items]                                    
Base return                         5.00%