Mack Cali Realty L P 10-K21 Feb 242023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2023	Feb. 15, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-13274
Entity Registrant Name	VERIS RESIDENTIAL, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	22-3305147
Entity Address, Address Line One	Harborside 3, 210 Hudson St.
Entity Address, Address Line Two	Ste. 400
Entity Address, City or Town	Jersey City
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07311
City Area Code	732
Local Phone Number	590-1010
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	VRE
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 1,287,891,323
Entity Common Stock, Shares Outstanding		92,229,209
Documents Incorporated by Reference	Portions of the Veris Residential, Inc.’s definitive proxy statement for fiscal year ended December 31, 2023 to be issued in conjunction with the registrant’s annual meeting of shareholders expected to be held on June 12, 2024 are incorporated by reference in Part III of this Form 10-K. The definitive proxy statement will be filed by the registrant with the SEC not later than 120 days from the end of the registrant’s fiscal year ended December 31, 2023.
Entity Central Index Key	0000924901
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
VERIS RESIDENTIAL, L.P.
Document Information [Line Items]
Entity File Number	333-57103
Entity Registrant Name	VERIS RESIDENTIAL, L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-3315804
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Financial Statement Error Correction	false
Entity Shell Company	false

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	New York, New York

VERIS RESIDENTIAL, INC. AND SUB

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Rental property
Land and leasehold interests	$ 474,499	$ 492,204
Buildings and improvements	2,782,468	3,332,315
Tenant improvements	30,908	122,509
Furniture, fixtures and equipment	103,613	99,094
Gross investment in rental property	3,391,488	4,046,122
Less – accumulated depreciation and amortization	(443,781)	(631,910)
Total investment in rental property	2,947,707	3,414,212
Real estate held for sale, net	58,608	193,933
Net investment in rental property	3,006,315	3,608,145
Cash and cash equivalents	28,007	26,782
Restricted cash	26,572	20,867
Investments in unconsolidated joint ventures	117,954	126,158
Unbilled rents receivable, net	5,500	39,734
Deferred charges and other assets, net	53,956	96,162
Accounts receivable	2,742	2,920
Total assets	3,241,046	3,920,768
LIABILITIES AND EQUITY
Mortgages, loans payable and other obligations, net	1,853,897	1,903,977
Dividends and distributions payable	5,540	110
Accounts payable, accrued expenses and other liabilities	55,492	72,041
Rents received in advance and security deposits	14,985	22,941
Accrued interest payable	6,580	7,131
Total liabilities	1,936,494	2,006,200
Commitments and contingencies
Redeemable noncontrolling interests	24,999	515,231
Veris Residential, Inc. stockholders’ equity:
Common stock, $0.01 par value, 190,000,000 shares authorized, 92,229,424 and 91,141,649 shares outstanding	922	911
Additional paid-in capital	2,553,060	2,532,182
Dividends in excess of net earnings	(1,418,312)	(1,301,385)
Accumulated other comprehensive income	1,808	3,977
Total Veris Residential, Inc. stockholders’ equity	1,137,478	1,235,685
Noncontrolling interests in subsidiaries:
Operating Partnership	107,206	126,109
Consolidated joint ventures	34,869	37,543
Total noncontrolling interests in subsidiaries	142,075	163,652
Total equity	1,279,553	1,399,337
Total liabilities and equity	$ 3,241,046	$ 3,920,768

VERIS RESIDENTIAL, INC. AND S_2

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par or stated value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	190,000,000	190,000,000
Common stock, shares outstanding (in shares)	92,229,424	91,141,649

VERIS RESIDENTIAL, INC. AND S_3

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Total revenues	$ 279,859	$ 233,448	$ 194,645
EXPENSES
Real estate taxes	40,810	39,112	28,818
Utilities	9,922	8,921	8,307
Operating services	57,925	52,797	45,460
Real estate services expenses	14,188	10,549	12,858
General and administrative	44,472	56,014	56,977
Transaction-related costs	7,627	3,468	12,208
Depreciation and amortization	93,589	85,434	68,506
Property impairments	32,516	0	0
Land and other impairments, net	9,324	9,368	23,719
Total expenses	310,373	265,663	256,853
OTHER (EXPENSE) INCOME
Interest expense	(89,355)	(66,381)	(47,505)
Interest cost of mandatorily redeemable noncontrolling interests	(49,782)	0	0
Interest and other investment income (loss)	5,515	729	524
Equity in earnings (loss) of unconsolidated joint ventures	3,102	1,200	(4,250)
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net	0	0	3,023
Gain on disposition of developable land	7,068	57,262	2,115
Loss on sale of unconsolidated joint venture interests	0	0	(1,886)
Loss from extinguishment of debt, net	(5,606)	(129)	(47,078)
Other income, net	2,871	0	0
Total other income (expense), net	(126,187)	(7,319)	(95,057)
Loss from continuing operations before income tax expense	(156,701)	(39,534)	(157,265)
Provision for income taxes	(492)	0	0
Loss from continuing operations after income tax expense	(157,193)	(39,534)	(157,265)
Discontinued operations:
Income (Loss) from discontinued operations	3,150	(64,704)	22,174
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net	41,682	69,353	25,552
Total discontinued operations, net	44,832	4,649	47,726
Net loss	(112,361)	(34,885)	(109,539)
Noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Noncontrolling interests in Operating Partnership of income from continuing operations	14,267	5,652	16,212
Noncontrolling interests in Operating Partnership in discontinued operations	(3,872)	(378)	(4,333)
Redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Net loss available to common shareholders	$ (107,265)	$ (52,066)	$ (119,042)
Basic earnings per common share:
Loss from continuing operations (in dollars per share)	$ (1.66)	$ (0.68)	$ (1.87)
Discontinued operations (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	(1.22)	(0.63)	(1.39)
Diluted earnings per common share:
Loss from continuing operations (in dollars per share)	(1.66)	(0.68)	(1.87)
Discontinued operations (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	$ (1.22)	$ (0.63)	$ (1.39)
Basic weighted average shares outstanding (in shares)	91,883	91,046	90,839
Diluted weighted average shares outstanding (in shares)	100,812	100,265	99,893
Revenue from leases
REVENUES
Total revenues	$ 252,144	$ 206,052	$ 162,082
Real estate services
REVENUES
Total revenues	3,868	3,581	9,596
Parking income
REVENUES
Total revenues	18,036	15,819	12,274
Other income
REVENUES
Total revenues	$ 5,811	$ 7,996	$ 10,693

VERIS RESIDENTIAL, INC. AND S_4

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (112,361)	$ (34,885)	$ (109,539)
Other comprehensive income (loss):
Net unrealized (loss) gain on derivative instruments for interest rate caps	(2,375)	4,366	10
Comprehensive loss	(114,736)	(30,519)	(109,529)
Comprehensive loss attributable to noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Comprehensive income attributable to redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Comprehensive loss attributable to noncontrolling interests in Operating Partnership	10,601	4,876	11,878
Comprehensive loss attributable to common shareholders	$ (109,434)	$ (48,098)	$ (119,033)

VERIS RESIDENTIAL, INC. AND S_5

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Dividends in Excess of Net Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests in Subsidiaries
Beginning balance (in shares) at Dec. 31, 2020		90,712,000
Beginning balance at Dec. 31, 2020	$ 1,592,380	$ 907	$ 2,528,187	$ (1,130,277)	$ 0	$ 193,563
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(109,539)			(119,042)		9,503
Units Distributions	645					645
Redeemable noncontrolling interests	(33,993)		(7,290)			(26,703)
Change in noncontrolling interests in consolidated joint ventures	206					206
Redemption of common units for common stock (in shares)		175,000
Redemption of common units for common stock		$ 2	2,714			(2,716)
Redemption of common units	(11,357)					(11,357)
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)		3,000
Shares issued under Dividend Reinvestment and Stock Purchase Plan	28		28
Directors' deferred compensation plan	314		314
Stock compensation (in shares)		58,000
Stock compensation	10,847		5,139			5,708
Cancellation of restricted shares	(123)		(123)
Other comprehensive income (loss)	10				9	1
Rebalancing of ownership percentage between parent and subsidiaries	0		1,414			(1,414)
Ending balance (in shares) at Dec. 31, 2021		90,948,000
Ending balance at Dec. 31, 2021	1,449,418	$ 909	2,530,383	(1,249,319)	9	167,436
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(34,885)			(52,066)		17,181
Units Distributions	218					218
Redeemable noncontrolling interests	(31,557)		(5,475)			(26,082)
Change in noncontrolling interests in consolidated joint ventures	239					239
Redemption of common units for common stock (in shares)		12,000
Redemption of common units for common stock	0	$ 0	161			(161)
Redemption of common units	(1,826)					(1,826)
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)		2,000
Shares issued under Dividend Reinvestment and Stock Purchase Plan	23		23
Directors' deferred compensation plan	440		440
Stock compensation (in shares)		231,000
Stock compensation	13,767	$ 2	9,926			3,839
Cancellation of restricted shares (in shares)		(51,000)
Cancellation of restricted shares	(866)		(866)
Other comprehensive income (loss)	4,366				3,968	398
Rebalancing of ownership percentage between parent and subsidiaries	$ 0		(2,410)			2,410
Ending balance (in shares) at Dec. 31, 2022	91,141,649	91,142,000
Ending balance at Dec. 31, 2022	$ 1,399,337	$ 911	2,532,182	(1,301,385)	3,977	163,652
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(112,361)			(107,265)		(5,096)
Shares issued under ATM Program, net	(540)		(540)
Common stock dividends	(9,662)			(9,662)
Units Distributions	(891)					(891)
Redeemable noncontrolling interests	(12,595)		(4,516)			(8,079)
Change in noncontrolling interests in consolidated joint ventures	(885)		(530)			(355)
Redemption of common units for common stock (in shares)		821,000
Redemption of common units for common stock	0	$ 8	11,363			(11,371)
Redemption of common units	(142)					(142)
Shares issued under Dividend Reinvestment and Stock Purchase Plan	4		4
Directors' deferred compensation plan (in shares)		21,000
Directors' deferred compensation plan	394		394
Stock compensation (in shares)		284,000
Stock compensation	19,876	$ 3	19,386			487
Cancellation of restricted shares (in shares)		(39,000)
Cancellation of restricted shares	(607)		(607)
Other comprehensive income (loss)	(2,375)				(2,169)	(206)
Rebalancing of ownership percentage between parent and subsidiaries	$ 0		(4,076)			4,076
Ending balance (in shares) at Dec. 31, 2023	92,229,424	92,229,000
Ending balance at Dec. 31, 2023	$ 1,279,553	$ 922	$ 2,553,060	$ (1,418,312)	$ 1,808	$ 142,075

VERIS RESIDENTIAL, INC. AND S_6

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$ (112,361)		$ (34,885)		$ (109,539)
Net income from discontinued operations		(44,832)		(4,649)		(47,726)
Net loss from continuing operations		(157,193)		(39,534)		(157,265)
Adjustments to reconcile net income (loss) to net cash provided by
Depreciation and amortization, including related intangible assets		93,542		85,425		68,525
Amortization of directors deferred compensation stock units		394		440		314
Amortization of stock compensation		19,876		13,767		10,847
Amortization of deferred financing costs		4,416		4,394		3,652
Amortization of debt discount and mark-to-market		0		0		232
Equity in (earnings) loss of unconsolidated joint ventures		(3,102)		(1,200)		4,250
Distributions of cumulative earnings from unconsolidated joint ventures		0		13		759
Write-off transaction-related costs		0		0		7,922
Realized (gains) losses and unrealized (gains) losses on disposition of rental property, net		0		0		(3,023)
Gain on disposition of developable land		(7,068)		(57,262)		(2,115)
Property impairments		32,516		0		0
Land and other impairments, net		9,324		9,368		23,719
Loss from sale of investment in unconsolidated joint venture		0		0		1,886
Loss from extinguishment of debt		5,606		129		47,078
Gain on insurance proceeds		(2,871)		0		0
Interest cost of mandatorily redeemable noncontrolling interests		49,782		0		0
Changes in operating assets and liabilities:
Decrease (Increase) in unbilled rents receivable, net		2,826		3,567		(1,928)
Decrease (Increase) in deferred charges and other assets		2,081		(5,050)		(1,401)
Decrease (Increase) in accounts receivable, net		215		(609)		157
(Decrease) Increase in accounts payable, accrued expenses and other liabilities		(4,263)		1,496		(8,086)
Increase in rents received in advance and security deposits		202		3,040		1,050
Increase in accrued interest payable		42		2,152		280
Net cash flows provided by (used in) operating activities - continuing operations		46,325		20,136		(3,147)
Net cash flows (used in) provided by operating activities - discontinued operations		(785)		46,318		59,262
Net cash provided by operating activities		45,540		66,454		56,115
CASH FLOWS FROM INVESTING ACTIVITIES
Rental property acquisitions and related intangibles		0		(130,500)		0
Rental property additions and improvements		(12,464)		(16,784)		(41,632)
Development of rental property, other related costs and deposits		(8,395)		(45,817)		(154,926)
Proceeds from the sales of rental property and developable land		23,035		153,015		52,391
Proceeds from the sale of investments in unconsolidated joint ventures		0		0		3,865
Repayment of notes receivable		1,303		2,926		7,257
Investment in unconsolidated joint ventures		(762)		(162)		(1,280)
Distributions in excess of cumulative earnings from unconsolidated joint ventures		12,068		13,132		15,703
Proceeds from insurance settlements		3,812		0		0
Other investing activities		1,030		0		0
Net cash provided by (used in) investing activities - continuing operations		19,627		(24,190)		(118,622)
Net cash provided by investing activities - discontinued operations		560,023		244,278		564,851
Net cash provided by investing activities		579,650		220,088		446,229
CASH FLOW FROM FINANCING ACTIVITIES
Borrowings from revolving credit facility		81,000		102,000		196,000
Repayment of revolving credit facility		(81,000)		(250,000)		(73,000)
Borrowings from term loans		115,000		0		150,000
Repayment of term loans		(115,000)		0		(150,000)
Repayment of senior unsecured notes		0		0		(573,727)
Proceeds from mortgages and loans payable		399,561		154,720		226,422
Repayment of mortgages, loans payable and other obligations		(442,066)		(245,522)		(192,995)
Redemption of redeemable noncontrolling interests, net		(535,488)		(12,000)		0
Payment of early debt extinguishment costs		(255)		(5,140)		(49,874)
Common unit redemptions		(142)		(2,692)		(898)
Payment of financing costs		(16,158)		(6,037)		(8,874)
Contributions from noncontrolling interests		84		24		207
Distributions to noncontrolling interests		(409)		0		0
Distributions to redeemable noncontrolling interests		(17,121)		(25,640)		(25,977)
Payment of common dividends and distributions		(5,123)		(61)		(475)
Share issuance proceeds (costs), net		(540)		0		0
Other financing activities		(603)		0		0
Net cash used in financing activities		(618,260)		(290,348)		(503,191)
Net increase (decrease) in cash and cash equivalents		6,930		(3,806)		(847)
Cash, cash equivalents and restricted cash, beginning of period	[1]	47,649	[2]	51,455	[2]	52,302
Cash, cash equivalents and restricted cash, end of period	[2]	$ 54,579		$ 47,649	[1]	$ 51,455	[1]

[1] Includes Restricted Cash of $20,867, $19,701 and $14,207 as of December 31, 2022, 2021 and 2020, respectively. Includes Restricted Cash of $26,572, $20,867 and $19,701 as of December 31, 2023, 2022 and 2021, respectively.

VERIS RESIDENTIAL, INC. AND S_7

VERIS RESIDENTIAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Cash Flows [Abstract]
Restricted cash	$ 26,572	$ 20,867	$ 19,701	$ 14,207

VERIS RESIDENTIAL, L.P. AND SUB

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Rental property
Land and leasehold interests	$ 474,499	$ 492,204
Buildings and improvements	2,782,468	3,332,315
Tenant improvements	30,908	122,509
Furniture, fixtures and equipment	103,613	99,094
Gross investment in rental property	3,391,488	4,046,122
Less – accumulated depreciation and amortization	(443,781)	(631,910)
Total investment in rental property	2,947,707	3,414,212
Real estate held for sale, net	58,608	193,933
Net investment in rental property	3,006,315	3,608,145
Cash and cash equivalents	28,007	26,782
Restricted cash	26,572	20,867
Investments in unconsolidated joint ventures	117,954	126,158
Unbilled rents receivable, net	5,500	39,734
Deferred charges and other assets, net	53,956	96,162
Accounts receivable	2,742	2,920
Total assets	3,241,046	3,920,768
LIABILITIES AND EQUITY
Mortgages, loans payable and other obligations, net	1,853,897	1,903,977
Dividends payable	5,540	110
Accounts payable, accrued expenses and other liabilities	55,492	72,041
Rents received in advance and security deposits	14,985	22,941
Accrued interest payable	6,580	7,131
Total liabilities	1,936,494	2,006,200
Commitments and contingencies
Redeemable noncontrolling interests	24,999	515,231
Partners’ Capital:
Accumulated other comprehensive income	1,808	3,977
Total liabilities and equity	3,241,046	3,920,768
VERIS RESIDENTIAL, L.P.
Rental property
Land and leasehold interests	474,499	492,204
Buildings and improvements	2,782,468	3,332,315
Tenant improvements	30,908	122,509
Furniture, fixtures and equipment	103,613	99,094
Gross investment in rental property	3,391,488	4,046,122
Less – accumulated depreciation and amortization	(443,781)	(631,910)
Total investment in rental property	2,947,707	3,414,212
Real estate held for sale, net	58,608	193,933
Net investment in rental property	3,006,315	3,608,145
Cash and cash equivalents	28,007	26,782
Restricted cash	26,572	20,867
Investments in unconsolidated joint ventures	117,954	126,158
Unbilled rents receivable, net	5,500	39,734
Deferred charges and other assets, net	53,956	96,162
Accounts receivable	2,742	2,920
Total assets	3,241,046	3,920,768
LIABILITIES AND EQUITY
Mortgages, loans payable and other obligations, net	1,853,897	1,903,977
Dividends payable	5,540	110
Accounts payable, accrued expenses and other liabilities	55,492	72,041
Rents received in advance and security deposits	14,985	22,941
Accrued interest payable	6,580	7,131
Total liabilities	1,936,494	2,006,200
Commitments and contingencies
Redeemable noncontrolling interests	24,999	515,231
Partners’ Capital:
General Partner, 92,229,424 and 91,141,649 common units outstanding	1,071,973	1,163,935
Limited partners, 8,692,561 and 9,301,521 common units/LTIPs outstanding	170,903	193,882
Accumulated other comprehensive income	1,808	3,977
Total Veris Residential, L.P. partners’ capital	1,244,684	1,361,794
Noncontrolling interests in consolidated joint ventures	34,869	37,543
Total equity	1,279,553	1,399,337
Total liabilities and equity	$ 3,241,046	$ 3,920,768

VERIS RESIDENTIAL, L.P. AND S_2

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Parenthetical) - VERIS RESIDENTIAL, L.P. - shares	Dec. 31, 2023	Dec. 31, 2022
General Partner common units outstanding (in shares)	92,229,424	91,141,649
Limited partners common units outstanding (in shares)	8,692,561	9,301,521

VERIS RESIDENTIAL, L.P. AND S_3

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Total revenues	$ 279,859	$ 233,448	$ 194,645
EXPENSES
Real estate taxes	40,810	39,112	28,818
Utilities	9,922	8,921	8,307
Operating services	57,925	52,797	45,460
Real estate services expenses	14,188	10,549	12,858
General and administrative	44,472	56,014	56,977
Transaction-related costs	7,627	3,468	12,208
Depreciation and amortization	93,589	85,434	68,506
Property impairments	32,516	0	0
Land and other impairments, net	9,324	9,368	23,719
Total expenses	310,373	265,663	256,853
OTHER (EXPENSE) INCOME
Interest expense	(89,355)	(66,381)	(47,505)
Interest cost of mandatorily redeemable noncontrolling interests	(49,782)	0	0
Interest and other investment income (loss)	5,515	729	524
Equity in earnings (loss) of unconsolidated joint ventures	3,102	1,200	(4,250)
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net	0	0	3,023
Gain on disposition of developable land	7,068	57,262	2,115
Loss on sale of unconsolidated joint venture interests	0	0	(1,886)
Loss from extinguishment of debt, net	(5,606)	(129)	(47,078)
Other income, net	2,871	0	0
Total other income (expense), net	(126,187)	(7,319)	(95,057)
Loss from continuing operations before income tax expense	(156,701)	(39,534)	(157,265)
Provision for income taxes	(492)	0	0
Loss from continuing operations after income tax expense	(157,193)	(39,534)	(157,265)
Discontinued operations:
Income (Loss) from discontinued operations	3,150	(64,704)	22,174
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net	41,682	69,353	25,552
Total discontinued operations, net	44,832	4,649	47,726
Net loss	(112,361)	(34,885)	(109,539)
Noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Net loss available to common shareholders	$ (107,265)	$ (52,066)	$ (119,042)
Basic earnings per common share:
Loss from continuing operations (in dollars per share)	$ (1.66)	$ (0.68)	$ (1.87)
Discontinued operations (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	(1.22)	(0.63)	(1.39)
Diluted earnings per common share:
Loss from continuing operations (in dollars per share)	(1.66)	(0.68)	(1.87)
Discontinued operations (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	$ (1.22)	$ (0.63)	$ (1.39)
Revenue from leases
REVENUES
Total revenues	$ 252,144	$ 206,052	$ 162,082
Real estate services
REVENUES
Total revenues	3,868	3,581	9,596
Parking income
REVENUES
Total revenues	18,036	15,819	12,274
Other income
REVENUES
Total revenues	5,811	7,996	10,693
VERIS RESIDENTIAL, L.P.
REVENUES
Total revenues	279,859	233,448	194,645
EXPENSES
Real estate taxes	40,810	39,112	28,818
Utilities	9,922	8,921	8,307
Operating services	57,925	52,797	45,460
Real estate services expenses	14,188	10,549	12,858
General and administrative	44,472	56,014	56,977
Transaction-related costs	7,627	3,468	12,208
Depreciation and amortization	93,589	85,434	68,506
Property impairments	32,516	0	0
Land and other impairments, net	9,324	9,368	23,719
Total expenses	310,373	265,663	256,853
OTHER (EXPENSE) INCOME
Interest expense	(89,355)	(66,381)	(47,505)
Interest cost of mandatorily redeemable noncontrolling interests	(49,782)	0	0
Interest and other investment income (loss)	5,515	729	524
Equity in earnings (loss) of unconsolidated joint ventures	3,102	1,200	(4,250)
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net	0	0	3,023
Gain on disposition of developable land	7,068	57,262	2,115
Loss on sale of unconsolidated joint venture interests	0	0	(1,886)
Loss from extinguishment of debt, net	(5,606)	(129)	(47,078)
Other income, net	2,871	0	0
Total other income (expense), net	(126,187)	(7,319)	(95,057)
Loss from continuing operations before income tax expense	(156,701)	(39,534)	(157,265)
Provision for income taxes	(492)	0	0
Loss from continuing operations after income tax expense	(157,193)	(39,534)	(157,265)
Discontinued operations:
Income (Loss) from discontinued operations	3,150	(64,704)	22,174
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net	41,682	69,353	25,552
Total discontinued operations, net	44,832	4,649	47,726
Net loss	(112,361)	(34,885)	(109,539)
Noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Net loss available to common shareholders	$ (117,660)	$ (57,340)	$ (130,921)
Basic earnings per common share:
Loss from continuing operations (in dollars per share)	$ (1.66)	$ (0.68)	$ (1.87)
Discontinued operations (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	(1.22)	(0.63)	(1.39)
Diluted earnings per common share:
Loss from continuing operations (in dollars per share)	(1.66)	(0.68)	(1.87)
Discontinued operations (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	$ (1.22)	$ (0.63)	$ (1.39)
Basic weighted average units outstanding (in shares)	100,812	100,265	99,893
Diluted weighted average units outstanding (in shares)	100,812	100,265	99,893
VERIS RESIDENTIAL, L.P. \| Revenue from leases
REVENUES
Total revenues	$ 252,144	$ 206,052	$ 162,082
VERIS RESIDENTIAL, L.P. \| Real estate services
REVENUES
Total revenues	3,868	3,581	9,596
VERIS RESIDENTIAL, L.P. \| Parking income
REVENUES
Total revenues	18,036	15,819	12,274
VERIS RESIDENTIAL, L.P. \| Other income
REVENUES
Total revenues	$ 5,811	$ 7,996	$ 10,693

VERIS RESIDENTIAL, L.P. AND S_4

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net loss	$ (112,361)	$ (34,885)	$ (109,539)
Other comprehensive income (loss):
Net unrealized (loss) gain on derivative instruments for interest rate caps	(2,375)	4,366	10
Comprehensive loss	(114,736)	(30,519)	(109,529)
Comprehensive loss attributable to noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Comprehensive income attributable to redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Comprehensive loss attributable to common shareholders	(109,434)	(48,098)	(119,033)
VERIS RESIDENTIAL, L.P.
Net loss	(112,361)	(34,885)	(109,539)
Other comprehensive income (loss):
Net unrealized (loss) gain on derivative instruments for interest rate caps	(2,375)	4,366	10
Comprehensive loss	(114,736)	(30,519)	(109,529)
Comprehensive loss attributable to noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Comprehensive income attributable to redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Comprehensive loss attributable to common shareholders	$ (120,035)	$ (52,974)	$ (130,911)

VERIS RESIDENTIAL, L.P. AND S_5

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	VERIS RESIDENTIAL, L.P.	Accumulated Other Comprehensive Income (Loss) VERIS RESIDENTIAL, L.P.	General Partner Common Units VERIS RESIDENTIAL, L.P.	Limited Partner Common Units/ Vested LTIP Units VERIS RESIDENTIAL, L.P.	General Partner Common Unitholders VERIS RESIDENTIAL, L.P.	Limited Partner Common Unitholders VERIS RESIDENTIAL, L.P.	Noncontrolling Interest in Consolidated Joint Ventures VERIS RESIDENTIAL, L.P.
Beginning balance (in shares) at Dec. 31, 2020				90,712,000	9,649,000
Beginning balance at Dec. 31, 2020		$ 1,592,380	$ 0			$ 1,330,048	$ 217,560	$ 44,772
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	$ (109,539)	(109,539)				(119,042)	(11,879)	21,382
Units Distributions	645	645				0	645
Redeemable noncontrolling interests	(33,993)	(33,993)				(7,290)	(726)	(25,977)
Change in noncontrolling interests in consolidated joint ventures	206	206						206
Redemption of limited partner common units for shares of general partner common units (in shares)				175,000	175,000
Redemption of limited partner common units for shares of general partner common units		$ 0				2,716	(2,716)
Vested LTIP units (in shares)		65,176			270,000
Redemption of limited partners common units (in shares)		(175,257)			(731,000)
Redemption of limited partners common units	(11,357)	$ (11,357)					(11,357)
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)				3,000
Shares issued under Dividend Reinvestment and Stock Purchase Plan	28	28				28
Directors' deferred compensation plan	314	314				314
Other comprehensive income (loss)	10	10	9				1
Stock compensation (in shares)				58,000
Stock compensation	10,847	10,847				5,139	5,708
Cancellation of restricted shares (in shares)				0
Cancellation of restricted shares	123	123				123	0
Ending balance (in shares) at Dec. 31, 2021				90,948,000	9,013,000
Ending balance at Dec. 31, 2021		1,449,418	9			1,211,790	197,236	40,383
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	(34,885)	(34,885)				(52,066)	(5,274)	22,455
Units Distributions	218	218					218
Redeemable noncontrolling interests	(31,557)	(31,557)				(5,475)	(548)	(25,534)
Change in noncontrolling interests in consolidated joint ventures	239	239						239
Redemption of limited partner common units for shares of general partner common units (in shares)				12,000	12,000
Redemption of limited partner common units for shares of general partner common units	0	$ 0				161	(161)
Vested LTIP units (in shares)		181,000			410,000
Redemption of limited partners common units (in shares)		(11,508)			(110,000)
Redemption of limited partners common units	(1,826)	$ (1,826)					(1,826)
Shares issued under Dividend Reinvestment and Stock Purchase Plan (in shares)				2,000
Shares issued under Dividend Reinvestment and Stock Purchase Plan	23	23				23
Directors' deferred compensation plan	440	440				440
Other comprehensive income (loss)	4,366	4,366	3,968				398
Stock compensation (in shares)				231,000
Stock compensation	13,767	13,767				9,928	3,839
Cancellation of restricted shares (in shares)				(51,000)
Cancellation of restricted shares	$ 866	866				866	0
Ending balance (in shares) at Dec. 31, 2022	91,141,649			91,142,000	9,301,000
Ending balance at Dec. 31, 2022		1,399,337	3,977			1,163,935	193,882	37,543
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	$ (112,361)	(112,361)				(107,265)	(10,395)	5,299
Shares issued under ATM Program, net	(540)					(540)
Units Distributions	(891)	(10,553)				(9,662)	(891)
Redeemable noncontrolling interests	(12,595)	(12,595)				(4,516)	(461)	(7,618)
Change in noncontrolling interests in consolidated joint ventures	(885)	$ (885)				(530)		(355)
Redemption of limited partner common units for shares of general partner common units (in shares)				821,000	(821,000)
Redemption of limited partner common units for shares of general partner common units	$ 0					11,371	(11,371)
Vested LTIP units (in shares)		(231,519)			221,000
Redemption of limited partners common units (in shares)	(9,229)	(820,540)			(8,000)
Redemption of limited partners common units	$ (142)	$ (142)					(142)
Shares issued under Dividend Reinvestment and Stock Purchase Plan	4	4				4
Directors' deferred compensation plan (in shares)				21,000
Directors' deferred compensation plan	394	394				394
Other comprehensive income (loss)	(2,375)	(2,375)	(2,169)				(206)
Stock compensation (in shares)				284,000
Stock compensation	19,876	19,876				19,389	487
Cancellation of restricted shares (in shares)				(39,000)
Cancellation of restricted shares	$ 607	607				607
Ending balance (in shares) at Dec. 31, 2023	92,229,424			92,229,000	8,693,000
Ending balance at Dec. 31, 2023		$ 1,279,553	$ 1,808			$ 1,071,973	$ 170,903	$ 34,869

VERIS RESIDENTIAL, L.P. AND S_6

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$ (112,361)		$ (34,885)		$ (109,539)
Net income from discontinued operations		(44,832)		(4,649)		(47,726)
Net loss from continuing operations		(157,193)		(39,534)		(157,265)
Adjustments to reconcile net income (loss) to net cash provided by
Depreciation and amortization, including related intangible assets		93,542		85,425		68,525
Amortization of directors deferred compensation stock units		394		440		314
Amortization of stock compensation		19,876		13,767		10,847
Amortization of deferred financing costs		4,416		4,394		3,652
Amortization of debt discount and mark-to-market		0		0		232
Equity in (earnings) loss of unconsolidated joint ventures		(3,102)		(1,200)		4,250
Distributions of cumulative earnings from unconsolidated joint ventures		0		13		759
Write-off transaction-related costs		0		0		7,922
Realized (gains) losses and unrealized (gains) losses on disposition of rental property, net		0		0		(3,023)
Gain on disposition of developable land		(7,068)		(57,262)		(2,115)
Property impairments		32,516		0		0
Land and other impairments, net		9,324		9,368		23,719
Loss from sale of investment in unconsolidated joint venture		0		0		1,886
Loss from extinguishment of debt		5,606		129		47,078
Gain on insurance proceeds		(2,871)		0		0
Interest cost of mandatorily redeemable noncontrolling interests		49,782		0		0
Changes in operating assets and liabilities:
Decrease (Increase) in unbilled rents receivable, net		2,826		3,567		(1,928)
Decrease (Increase) in deferred charges and other assets		2,081		(5,050)		(1,401)
Decrease (Increase) in accounts receivable, net		215		(609)		157
(Decrease) Increase in accounts payable, accrued expenses and other liabilities		(4,263)		1,496		(8,086)
Increase in rents received in advance and security deposits		202		3,040		1,050
Increase in accrued interest payable		42		2,152		280
Net cash flows provided by (used in) operating activities - continuing operations		46,325		20,136		(3,147)
Net cash flows (used in) provided by operating activities - discontinued operations		(785)		46,318		59,262
Net cash provided by operating activities		45,540		66,454		56,115
CASH FLOWS FROM INVESTING ACTIVITIES
Rental property acquisitions and related intangibles		0		(130,500)		0
Rental property additions and improvements		(12,464)		(16,784)		(41,632)
Development of rental property, other related costs and deposits		(8,395)		(45,817)		(154,926)
Proceeds from the sales of rental property and developable land		23,035		153,015		52,391
Proceeds from the sale of investments in unconsolidated joint ventures		0		0		3,865
Repayment of notes receivable		1,303		2,926		7,257
Investment in unconsolidated joint ventures		(762)		(162)		(1,280)
Distributions in excess of cumulative earnings from unconsolidated joint ventures		12,068		13,132		15,703
Proceeds from insurance settlements		3,812		0		0
Other investing activities		1,030		0		0
Net cash provided by (used in) investing activities - continuing operations		19,627		(24,190)		(118,622)
Net cash provided by investing activities - discontinued operations		560,023		244,278		564,851
Net cash provided by investing activities		579,650		220,088		446,229
CASH FLOW FROM FINANCING ACTIVITIES
Borrowings from revolving credit facility		81,000		102,000		196,000
Repayment of revolving credit facility		(81,000)		(250,000)		(73,000)
Borrowings from term loans		115,000		0		150,000
Repayment of term loans		(115,000)		0		(150,000)
Repayment of senior unsecured notes		0		0		(573,727)
Proceeds from mortgages and loans payable		399,561		154,720		226,422
Repayment of mortgages, loans payable and other obligations		(442,066)		(245,522)		(192,995)
Redemption of redeemable noncontrolling interests, net		(535,488)		(12,000)		0
Payment of early debt extinguishment costs		(255)		(5,140)		(49,874)
Common unit redemptions		(142)		(2,692)		(898)
Payment of financing costs		(16,158)		(6,037)		(8,874)
Contributions from noncontrolling interests		84		24		207
Distributions to noncontrolling interests		(409)		0		0
Distributions to redeemable noncontrolling interests		(17,121)		(25,640)		(25,977)
Payment of common dividends and distributions		(5,123)		(61)		(475)
Share issuance proceeds (costs), net		(540)		0		0
Other financing activities		(603)		0		0
Net cash used in financing activities		(618,260)		(290,348)		(503,191)
Net increase (decrease) in cash and cash equivalents		6,930		(3,806)		(847)
Cash, cash equivalents and restricted cash, beginning of period	[1]	47,649	[2]	51,455	[2]	52,302
Cash, cash equivalents and restricted cash, end of period	[2]	54,579		47,649	[1]	51,455	[1]
VERIS RESIDENTIAL, L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		(112,361)		(34,885)		(109,539)
Net income from discontinued operations		(44,832)		(4,649)		(47,726)
Net loss from continuing operations		(157,193)		(39,534)		(157,265)
Adjustments to reconcile net income (loss) to net cash provided by
Depreciation and amortization, including related intangible assets		93,542		85,425		68,525
Amortization of directors deferred compensation stock units		394		440		314
Amortization of stock compensation		19,876		13,767		10,847
Amortization of deferred financing costs		4,416		4,394		3,652
Amortization of debt discount and mark-to-market		0		0		232
Equity in (earnings) loss of unconsolidated joint ventures		(3,102)		(1,200)		4,250
Distributions of cumulative earnings from unconsolidated joint ventures		0		13		759
Write-off transaction-related costs		0		0		7,922
Realized (gains) losses and unrealized (gains) losses on disposition of rental property, net		0		0		(3,023)
Gain on disposition of developable land		(7,068)		(57,262)		(2,115)
Property impairments		32,516		0		0
Land and other impairments, net		9,324		9,368		23,719
Loss from sale of investment in unconsolidated joint venture		0		0		1,886
Loss from extinguishment of debt		5,606		129		47,078
Gain on insurance proceeds		(2,871)		0		0
Interest cost of mandatorily redeemable noncontrolling interests		49,782		0		0
Changes in operating assets and liabilities:
Decrease (Increase) in unbilled rents receivable, net		2,826		3,567		(1,928)
Decrease (Increase) in deferred charges and other assets		2,081		(5,050)		(1,401)
Decrease (Increase) in accounts receivable, net		215		(609)		157
(Decrease) Increase in accounts payable, accrued expenses and other liabilities		(4,263)		1,496		(8,086)
Increase in rents received in advance and security deposits		202		3,040		1,050
Increase in accrued interest payable		42		2,152		280
Net cash flows provided by (used in) operating activities - continuing operations		46,325		20,136		(3,147)
Net cash flows (used in) provided by operating activities - discontinued operations		(785)		46,318		59,262
Net cash provided by operating activities		45,540		66,454		56,115
CASH FLOWS FROM INVESTING ACTIVITIES
Rental property acquisitions and related intangibles		0		(130,500)		0
Rental property additions and improvements		(12,464)		(16,784)		(41,632)
Development of rental property, other related costs and deposits		(8,395)		(45,817)		(154,926)
Proceeds from the sales of rental property and developable land		23,035		153,015		52,391
Proceeds from the sale of investments in unconsolidated joint ventures		0		0		3,865
Repayment of notes receivable		1,303		2,926		7,257
Investment in unconsolidated joint ventures		(762)		(162)		(1,280)
Distributions in excess of cumulative earnings from unconsolidated joint ventures		12,068		13,132		15,703
Proceeds from insurance settlements		3,812		0		0
Other investing activities		1,030		0		0
Net cash provided by (used in) investing activities - continuing operations		19,627		(24,190)		(118,622)
Net cash provided by investing activities - discontinued operations		560,023		244,278		564,851
Net cash provided by investing activities		579,650		220,088		446,229
CASH FLOW FROM FINANCING ACTIVITIES
Borrowings from revolving credit facility		81,000		102,000		196,000
Repayment of revolving credit facility		(81,000)		(250,000)		(73,000)
Borrowings from term loans		115,000		0		150,000
Repayment of term loans		(115,000)		0		(150,000)
Repayment of senior unsecured notes		0		0		(573,727)
Proceeds from mortgages and loans payable		399,561		154,720		226,422
Repayment of mortgages, loans payable and other obligations		(442,066)		(245,522)		(192,995)
Redemption of redeemable noncontrolling interests, net		(535,488)		(12,000)		0
Payment of early debt extinguishment costs		(255)		(5,140)		(49,874)
Common unit redemptions		(142)		(2,692)		(898)
Payment of financing costs		(16,158)		(6,037)		(8,874)
Contributions from noncontrolling interests		84		24		207
Distributions to noncontrolling interests		(409)		0		0
Distributions to redeemable noncontrolling interests		(17,121)		(25,640)		(25,977)
Payment of common dividends and distributions		(5,123)		(61)		(475)
Share issuance proceeds (costs), net		(540)		0		0
Other financing activities		(603)		0		0
Net cash used in financing activities		(618,260)		(290,348)		(503,191)
Net increase (decrease) in cash and cash equivalents		6,930		(3,806)		(847)
Cash, cash equivalents and restricted cash, beginning of period	[4]	47,649	[3]	51,455	[3]	52,302
Cash, cash equivalents and restricted cash, end of period	[3]	$ 54,579		$ 47,649	[4]	$ 51,455	[4]

[1] Includes Restricted Cash of $20,867, $19,701 and $14,207 as of December 31, 2022, 2021 and 2020, respectively. Includes Restricted Cash of $26,572, $20,867 and $19,701 as of December 31, 2023, 2022 and 2021, respectively. Includes Restricted Cash of $26,572, $20,867 and $19,701 as of December 31, 2023, 2022 and 2021, respectively.

VERIS RESIDENTIAL, L.P. AND S_7

VERIS RESIDENTIAL, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted cash	$ 26,572	$ 20,867	$ 19,701	$ 14,207
VERIS RESIDENTIAL, L.P.
Restricted cash	$ 26,572	$ 20,867	$ 19,701	$ 14,207

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
ORGANIZATION AND BASIS OF PRESENTATION	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION ORGANIZATION Veris Residential, Inc., a Maryland corporation, together with its subsidiaries (collectively, the “General Partner”), is a fully-integrated, self-administered, self-managed real estate investment trust (“REIT”). The General Partner controls Veris Residential, L.P., a Delaware limited partnership, together with its subsidiaries (collectively, the “Operating Partnership”), as its sole general partner and owned a 91.4 and 90.7 percent common unit interest in the Operating Partnership as of December 31, 2023 and 2022, respectively. The Company develops, owns and operates predominantly multifamily rental properties located primarily in the Northeast, as well as a portfolio of non-strategic commercial properties and land parcels. The Company recently completed its transition to a pure-play multifamily REIT and is focused on conducting business in a socially, ethically, and environmentally responsible manner, while seeking to maximize value for all stakeholders. Veris Residential, Inc. was incorporated on May 24, 1994. Unless stated otherwise or the context requires, the “Company” refers to the General Partner and its subsidiaries, including the Operating Partnership and its subsidiaries. As of December 31, 2023, the Company owned or had interests in 24 multifamily rental properties as well as non-core assets comprised of one office property and four parking/retail properties, plus developable land (collectively, the "Properties"). The Properties are comprised of: (a) 21 wholly-owned or Company-controlled properties, comprised of 17 multifamily properties and four non-core assets, and (b) eight properties owned by unconsolidated joint ventures in which the Company has investment interests, including seven multifamily properties and one non-core asset. BASIS OF PRESENTATION The accompanying consolidated financial statements reflect all accounts of the Company, including its controlled subsidiaries, which consist principally of the Operating Partnership and variable interest entities for which the Company has determined itself to be the primary beneficiary, if any. The portions of equity in consolidated subsidiaries that are not attributable, directly or indirectly, to us are presented as noncontrolling interests. See Note 2: Significant Accounting Policies – Investments in Unconsolidated Joint Ventures, for the Company’s treatment of unconsolidated joint venture interests. Intercompany accounts and transactions have been eliminated. The Company consolidates variable interest entities ("VIEs") in which it is considered to be the primary beneficiary. VIEs are entities in which the equity investors do not have sufficient equity at risk to finance their endeavors without additional financial support or that the holders of the equity investment at risk do not have a controlling financial interest. The primary beneficiary is defined by the entity having both of the following characteristics: (1) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance; and (2) the obligation to absorb losses of or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company continuously assesses its determination of the primary beneficiary for each entity and assesses reconsideration events that may cause a change in the original determinations. The Operating Partnership is considered a VIE of the parent company, Veris Residential, Inc. As the Operating Partnership is already consolidated in the balance sheets of Veris Residential, Inc., this has no impact on the consolidated financial statements of Veris Residential, Inc. As of December 31, 2023 and 2022, the Company’s investments in consolidated real estate joint ventures, which are variable interest entities in which the Company is deemed to be the primary beneficiary, other than Veris Residential Partners, L.P., (See Note 14: Redeemable Noncontrolling Interests - Rockpoint Transactions, the Rockpoint interests have been fully redeemed during 2023), have total real estate assets of $449.8 million and $468.1 million, respectively, other assets of $6.7 million and $6.0 million, respectively, mortgages of $285.2 million and $285.5 million, respectively, and other liabilities of $14.7 million and $17.3 million, respectively. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain reclassifications have been made to prior period amounts in order to conform with current period presentation, primarily related to classification of certain properties as discontinued operations. During the year ended December 31, 2023, the Company identified and recorded out-of-period adjustments related to stock-based compensation expenses incurred in prior years. These adjustments were deemed not material to our consolidated financial statements for any periods presented resulting in an increase of $2.9 million and $0.6 million in General and Administrative and Operating Services, respectively, with a corresponding increase of Additional paid-in capital.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2023
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Rental Property Rental properties are reported at cost less accumulated depreciation and amortization. Costs directly related to the acquisition, development and construction of rental properties are capitalized. Where an acquisition has been determined to be an asset acquisition, acquisition-related transaction costs are capitalized. Capitalized development and construction costs include pre-construction costs essential to the development of the property, development and construction costs, interest, property taxes, insurance, salaries and other project costs incurred during the period of development. Capitalized development and construction salaries and related costs approximated $0.7 million, $1.5 million and $2.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. Ordinary repairs and maintenance are expensed as incurred; major replacements and improvements, which enhance or extend the life of the asset, are capitalized and depreciated over their estimated useful lives. Fully-depreciated assets are removed from the accounts. The Company considers a construction project as substantially completed and held available for occupancy upon the substantial completion of improvements, but no later than one year from cessation of major construction activity (as distinguished from activities such as routine maintenance and cleanup). If portions of a rental project are substantially completed and occupied by tenants or residents, or held available for occupancy, and other portions have not yet reached that stage, the substantially completed portions are accounted for as a separate project. The Company allocates costs incurred between the portions under construction and the portions substantially completed and held available for occupancy, primarily based on a percentage of the relative commercial square footage or multifamily units of each portion, and capitalizes only those costs associated with the portion under construction. Properties are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows: Leasehold interests Remaining lease term Buildings and improvements 5 to 40 years Tenant improvements The shorter of the term of the related lease or useful life Furniture, fixtures and equipment 5 to 10 years Upon acquisition of rental property, the Company estimates the fair value of acquired tangible assets, consisting of land, building and improvements, and identified intangible assets and liabilities assumed, generally consisting of the fair value of (i) above and below-market leases, (ii) in-place leases and (iii) tenant relationships. For asset acquisitions, the Company allocates the purchase price to the assets acquired and liabilities assumed based on their relative fair values. The Company records goodwill or a gain on bargain purchase (if any) if the net assets acquired/liabilities assumed differ from the purchase consideration of a business combination transaction. In estimating the fair value of the tangible and intangible assets acquired, the Company considers information obtained about each property as a result of its due diligence and marketing and leasing activities, and uses various valuation methods, such as estimated cash flow projections utilizing appropriate discount and capitalization rates, estimates of replacement costs net of depreciation, and available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. Above-market and below-market lease values for acquired properties are initially recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the remaining initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values for acquired properties are amortized as a reduction of base rental revenue over the remaining terms of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed rate renewal options of the respective leases. Other intangible assets acquired include amounts for in-place lease values, which are based on management’s evaluation of the specific characteristics of each tenant’s lease. Factors to be considered by management in its analysis of in-place lease values include an estimate of carrying costs during hypothetical expected lease-up periods considering current market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, management considers leasing commissions, legal and other related expenses. The values of in-place leases are amortized to expense over the remaining initial terms of the respective leases. On a periodic basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period, and general market conditions, that the value of the Company’s rental properties held for use may be impaired. A p roperty’s value is considered impaired when the expected undiscounted cash flows for a property are less than its carrying value. If there are different potential outcomes for a property, the Company will take a probability weighted approach to estimating future cash flows. To the extent impairment has occurred, the impairment loss is measured as the excess of the carrying value of the property over the estimated fair value of the property. Estimated fair values which are based on discounted cash flow models include all estimated cash inflows and outflows over a specified holding period. Capitalization rates and discount rates utilized in these models are based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. In addition, such cash flow models consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. To the extent impairment has occurred, the carrying value of the property would be adjusted to an amount to reflect the estimated fair value of the property. Real Estate Held for Sale and Discontinued Operations The Company generally considers assets (as identified by their disposal groups) to be held for sale when the transaction has received appropriate corporate authority, it is probable that the disposition will occur within one year and there are no significant contingencies relating to a sale. When assets are identified by management as held for sale, the Company discontinues depreciating the assets and estimates the fair value. If the fair value of the assets, less estimated cost to sell, is less than the carrying value of the assets, an adjustment to the carrying value would be recognized and recorded within the Unrealized gains (losses) on disposition of rental property to reflect the estimated fair value of the assets. The Company will continue to review the property for subsequent changes in the fair value, and may recognize an additional impairment charge, if warranted. The Company classifies assets held for sale or sold as discontinued operations if the disposal groups represent a strategic shift that will have a major effect on the Company’s operations and financial results. For any disposals qualifying as discontinued operations, the assets and their results are presented in discontinued operations in the financial statements for all periods presented. See Note 7: Discontinued Operations. Investments in Unconsolidated Joint Ventures The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting. The Company applies the equity method by initially recording these investments at cost, as Investments in Unconsolidated Joint Ventures, subsequently adjusted for equity in earnings and cash contributions and distributions. The outside basis portion of the Company’s joint ventures is amortized over the anticipated useful lives of the underlying ventures’ tangible and intangible assets acquired and liabilities assumed. Generally, the Company would discontinue applying the equity method when the investment (and any advances) is reduced to zero and would not provide for additional losses unless the Company has guaranteed obligations of the venture or is otherwise committed to providing further financial support for the investee. If the venture subsequently generates income, the Company only recognizes its share of such income to the extent it exceeds its share of previously unrecognized losses. If the venture subsequently makes distributions and the Company does not have an implied or actual commitment to support the operations of the venture, the Company will not record a basis less than zero, rather such amounts will be recorded as equity in earnings of unconsolidated joint ventures. On a periodic basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Company’s investments in unconsolidated joint ventures may be impaired. An investment is impaired only if management’s estimate of the fair value of the investment is less than the carrying value of the investment, and such decline in value is deemed to be other than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying value of the investment over the estimated fair value of the investment. Estimated fair values which are based on discounted cash flow models include all estimated cash inflows and outflows over a specified holding period. Capitalization rates and discount rates utilized in these models are based upon unobservable rates that the Company believes to be within a reasonable range of current market rates. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and highly liquid investments with an original maturity of three months or less when purchased. Deferred Financing Costs Costs incurred in obtaining financing are capitalized and amortized over the term of the related indebtedness. Deferred financing costs are presented in the balance sheet as a direct deduction from the carrying value of the debt liability to which they relate, except deferred financing costs related to the revolving credit facility, which are presented in deferred charges, goodwill and other assets. In all cases, amortization of such costs is included in interest expense and was $4.4 million, $4.8 million and $4.6 million for each of the years ended December 31, 2023, 2022 and 2021, respectively. If a financing obligation is extinguished early, any unamortized deferred financing costs are written off and included in gains (losses) from extinguishment of debt. Included in the losses from extinguishment of debt, net, of $5.6 million, $7.4 million and $47.1 million for the years ended December 31, 2023, 2022 and 2021 were unamortized deferred financing costs. Deferred Leasing Costs Costs incurred in connection with successfully executed residential and commercial leases are capitalized and amortized on a straight-line basis over the terms of the related leases and included in depreciation and amortization. Unamortized deferred leasing costs are charged to amortization expense upon early termination of the lease. Goodwill Goodwill represents the excess of the purchase price over the fair value of net tangible and intangible assets acquired in a business combination. Goodwill is allocated to various reporting units, as applicable. Each of the Company’s segments consists of a reporting unit. Goodwill is not amortized. Management performs an annual impairment test for goodwill during the fourth quarter and between annual tests, management evaluates the recoverability of goodwill whenever events or changes in circumstances indicate that the carrying value of goodwill may not be fully recoverable. In its impairment tests of goodwill, management first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. If, based on this assessment, management determines that the fair value of the reporting unit is not less than its carrying value, then performing the additional two-step impairment test is unnecessary. If the carrying value of goodwill exceeds its fair value, an impairment charge is recognized. The Company determined that its goodwill, with a balance of $2.9 million, was fully impaired at December 31, 2021 after management performed its impairment tests and recognized an impairment of $2.9 million in Land and other impairments, net on the Consolidated Statement of Operations. Derivative Instruments The Company measures derivative instruments, including certain derivative instruments embedded in other contracts, at fair value and records them as an asset or liability, depending on the Company’s rights or obligations under the applicable derivative contract. For derivatives designated as cash flow hedges, the effective portions of the derivative are reported in other comprehensive income (“OCI”) and are subsequently reclassified into earnings when the hedged item affects earnings. Changes in fair value of derivative instruments not designated as hedging and ineffective portions of hedges are recognized in earnings in the affected period. Revenue Recognition The majority of the Company’s revenue is derived from residential and commercial rental income and other lease income, which are accounted for under ASC 842, Leases. For leases that include rent concessions and/or scheduled fixed and determinable rent increases, revenue from leases is recognized on a straight-line basis over the non-cancellable term of the lease. Unbilled rents receivable represents the cumulative amount by which straight-line rental revenue exceeds rents currently billed in accordance with the lease agreements. Revenue from leases also includes reimbursements and recoveries from commercial tenants for certain costs as provided in the lease agreements. These costs generally include real estate taxes, utilities, insurance, common area maintenance and other recoverable costs. See Note 13: Tenant Leases. The Company elected a practical expedient for its rental properties (as lessor) to avoid separating non-lease components that otherwise would need to be accounted for under ASC 606, Revenue from Contracts with Customers (such as tenant reimbursements of property operating expenses), from the associated lease component since (1) the non-lease components have the same timing and pattern of transfer as the associated lease component and (2) the lease component, if accounted for separately, would be classified as an operating lease. This enables the Company to account for the lease component and non-lease components as an operating lease since the lease component is the predominant component. Real estate services revenue includes property management, development, construction and leasing commission fees and other services, and payroll and related costs reimbursed from unconsolidated joint ventures in which the Company is the managing member. Parking income is comprised of income from parking spaces leased to tenants and others. Other income includes income from tenants for additional services arranged for by the Company and income from tenants for early lease terminations. The Company reviews its accounts receivables related to rental income and other lease income, including straight-line rent receivable, for collectability. The factors considered by management in determining which individual tenant’s revenues are uncollectible include the age of the receivable, the tenant’s payment history, the nature of the charges, any communications regarding the charges and other related information. If a lessee’s accounts receivable balance is considered uncollectible, the Company will write-off the uncollectible receivable balances associated with the lease and will only recognize lease income on a cash basis. The Company includes provision for doubtful accounts as a reduction of corresponding revenue account, in accordance with Topic 842. Ground/Office Leases The Company is the lessee under long-term office and ground leases classified as operating leases. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments under the lease. The Company makes significant assumptions and judgments when determining the discount rate for the lease to calculate the present value of the lease payments. As the rate implicit in the lease is not readily determinable, the Company estimates the incremental borrowing rate (“IBR”) that it would need to pay to borrow, on a collateralized basis, an amount equal to the lease payments in a similar economic environment, over a similar lease term. The Company utilizes a market-based approach to estimate the IBR for each individual lease. The base IBR is estimated utilizing observable mortgage rates, which are then adjusted to account for considerations related to the Company’s credit rating and the lease term to select an incremental borrowing rate for each lease. The lease liabilities and right of use assets are amortized on a straight-line basis over the lease term. See Note 5: Deferred Charges and Other Assets, Net for additional disclosures on the presentation of these amounts in our consolidated balance sheets. Income and Other Taxes The General Partner has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “IRS Code”). As a REIT, the General Partner generally will not be subject to corporate federal income tax on net income that it currently distributes to its shareholders, provided that the General Partner satisfies certain organizational and operational requirements including the requirement to distribute at least 90 percent of its REIT taxable income (determined by excluding any net capital gains) to its shareholders. If and to the extent the General Partner retains and does not distribute any net capital gains, the General Partner will be required to pay federal, state and local taxes, as applicable, on such net capital gains at the rate applicable to capital gains of a corporation. The Operating Partnership is a partnership, and, as a result, all income and losses of the partnership are allocated to the partners for inclusion in their respective tax returns. The General Partner has elected to treat certain of its corporate subsidiaries as taxable REIT subsidiaries (each a “TRS”). In general, a TRS may hold certain assets and generate certain income that a REIT could not otherwise hold or generate. A TRS is subject to corporate federal income tax. The General Partner has conducted business through its TRS entities for certain property management, development, construction and other related services, as well as to hold a joint venture interest in a hotel and other matters. The TRS has sold the hotel during the year ended December 31, 2023. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rate is recognized in earnings in the period of the enactment date. The Company’s deferred tax assets/(liabilities) are generally the result of temporary differences between book and tax basis of assets and liabilities, and net operating losses. The deferred tax asset balance at December 31, 2023 and 2022, amounted to $31.1 million and $30.7 million, respectively, which has been fully reserved through a valuation allowance. If the General Partner fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax on its taxable income at regular corporate tax rates. The Company is subject to certain state and local taxes. Pursuant to the amended provisions related to uncertain tax provisions of ASC 740, Income Taxes, the Company recognized no material adjustments regarding its tax accounting treatment. The Company expects to recognize interest and penalties related to uncertain tax positions, if any, as income tax expense, which is included in general and administrative expense. In the normal course of business, the Company or one of its subsidiaries is subject to examination by federal, state and local jurisdictions in which it operates, where applicable. As of December 31, 2023, the Company’s open tax years are from December 31, 2019 forward. Earnings Per Share or Unit The Company presents both basic and diluted earnings per share or unit (“EPS or EPU”). Basic EPS or EPU excludes dilution and is computed by dividing net income (loss) available to common shareholders or unitholders by the weighted average number of shares or units outstanding for the period. Diluted EPS or EPU reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower EPS or EPU from continuing operations amount, using the treasury stock method. Shares or units whose issuance is contingent upon the satisfaction of certain conditions shall be considered outstanding and included in the computation of diluted EPS or EPU as follows (i) if all necessary conditions have been satisfied by the end of the period (the events have occurred), those shares or units shall be included as of the beginning of the period in which the conditions were satisfied (or as of the date of the grant, if later) or (ii) if all necessary conditions have not been satisfied by the end of the period, the number of contingently issuable shares or units included in diluted EPS or EPU shall be based on the number of shares or units, if any, that would be issuable if the end of the reporting period were the end of the contingency period (for example, the number of shares or units that would be issuable based on current period earnings or period-end market price) and if the result would be dilutive. Those contingently issuable shares or units shall be included in the denominator of diluted EPS or EPU as of the beginning of the period (or as of the date of the grant, if later). Dividends and Distributions Payable As a result of the Company substantially completing its transformation to a pure-play multifamily REIT, as well as the Company’s current estimates of taxable income, the Board of Directors of the General Partner (the "Board of Directors") reinstated a quarterly dividend beginning with the third quarter of 2023. The declaration and payment of dividends and distributions will continue to be determined by the Board of Directors of the General Partner in light of conditions then existing, including the Company’s earnings, cash flows, financial condition, capital requirements, debt maturities, the availability of debt and equity capital, applicable REIT and legal restrictions and the general overall economic conditions and other factors. On December 18, 2023, the Company declared a $0.0525 distribution per common share to be payable on January 10, 2024 to shareholders of record as of the close of business on December 29, 2023. At December 31, 2023, the balance of the distributions payable was $5.5 million. The $0.0525 distribution per common share will be reported to shareholders for the year ending December 31, 2024. On July 24, 2023, the Company declared a $0.05 distribution per common share with a payment date of October 10, 2023, to shareholders of record as of the close of business on September 30, 2023. The Company has determined that the total distribution of $0.05 per common share paid during the year ended December 31, 2023 represented 100% return of capital distributions. The dividends and distributions payable at December 31, 2022 represent amounts payable on unvested LTIP units. Costs Incurred For Stock Issuances Costs incurred in connection with the Company’s stock issuances are reflected as a reduction of additional paid-in capital. Stock Compensation The Company accounts for stock compensation in accordance with the provisions of ASC 718, Compensation-Stock Compensation. These provisions require that the estimated fair value of restricted stock (“Restricted Stock Awards”), performance share units, long term incentive plan awards and stock options at the grant date be amortized ratably into expense over the appropriate vesting period. For unvested securities that are forfeited prior to the measurement period being complete, the Company elected to account for forfeiture of employee awards as they occur. The Company recorded stock compensation expense of $19.9 million, $13.8 million and $10.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. Other Comprehensive Income (Loss) Other comprehensive income (loss) includes items that are recorded in equity, such as effective portions of derivatives designated as cash flow hedges. Redeemable Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with the FASB’s Distinguishing Liabilities from Equity guidance. Noncontrolling interests represent the portion of equity that the Company does not own in those entities it consolidates. The Company identifies its noncontrolling interests separately within the equity section on the Company’s Consolidated Balance Sheets. The amounts of consolidated net earnings attributable to the Company and to the noncontrolling interests are presented separately on the Company’s Consolidated Statements of Operations. Redeemable noncontrolling interests that are mandatorily redeemable are classified as Mandatorily redeemable noncontrolling interests on the Company’s Consolidated Balance Sheets, and are measured at the amount of cash that would be paid if settlement occurred at the balance sheet date, with any change from the prior period recognized as interest expense. The carrying amount is not reduced below the initial measurement amount. Provided redeemable noncontrolling interests are not classified as liability based on this guidance, the Company assesses whether they should be classified as mezzanine or permanent equity. The redeemable noncontrolling interests which embody an unconditional obligation requiring the Company to redeem the interests for cash or other assets at a fixed or determinable price on a fixed or determinable date or upon the occurrence of an event that is not solely within the control of the issuer are determined to be contingently redeemable under this guidance and are included as Redeemable noncontrolling interests and classified within the mezzanine section between Total liabilities and Stockholders’ equity on the Company’s Consolidated Balance Sheets. Fair Value Hierarchy The standard Fair Value Measurements specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). The following summarizes the fair value hierarchy: • Level 1: Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2: Quoted prices for identical assets and liabilities in markets that are inactive, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly, such as interest rates and yield curves that are observable at commonly quoted intervals and • Level 3: Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the fair value measurement will be based upon the lowest level input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

INVESTMENTS IN RENTAL PROPERTY

INVESTMENTS IN RENTAL PROPERTY	12 Months Ended
INVESTMENTS IN RENTAL PROPERTY	Dec. 31, 2023
Investments in Rental Properties [Abstract]
INVESTMENTS IN RENTAL PROPERTY	INVESTMENTS IN RENTAL PROPERTY Acquisitions of Rental Property During the year ended December 31, 2022, the Company acquired the following rental property (dollars in thousands): Acquisition Date Property Location Property # of Acquisition 7/21/2022 The James (a) Park Ridge, NJ Multifamily 240 $ 130,308 Totals 240 $ 130,308 (a) This acquisition was funded using funds available with the Company's qualified intermediary from prior property sales proceeds and through borrowing under the Company's revolving credit facility. Properties Commencing Initial Operations During the year ended December 31, 2022, the following property commenced initial operations ( dollars in thousands ): In Service Property Location Property # of Total Development 04/01/22 Haus25 (a) Jersey City Multifamily 750 $ 485,587 Totals 750 $ 485,587 (a) As of December 31, 2022, all apartment units were in service. The development costs included approximately $53.4 million in land costs. During the year ended December 31, 2021, the following properties commenced initial operations ( dollars in thousands ): In Service Property Location Property # of Total Development 03/01/21 The Upton (a) Short Hills, NJ Multifamily 193 $ 101,269 07/01/21 RiverHouse 9 at Port Imperial (b) Weehawken, NJ Multifamily 313 164,633 Totals 506 $ 265,902 (a) As of December 31, 2021, all apartment units were in service. The development costs included approximately $2.9 million in land costs. (b) As of December 31, 2021, all apartment units were in service. The development costs included approximately $2.7 million in land costs. Additionally, a land lease located in Parsippany, New Jersey also commenced initial operations during the first quarter 2021. Development costs incurred amounted to $5.1 million. This land lease was sold by the Company during 2021. Dispositions of Rental Properties and Developable Land Dispositions during 2023 The Company disposed of the following rental property during the year ended December 31, 2023 (dollars in thousands) : Disposition Property Location # of Rentable Property Net Net Discontinued 02/10/23 XS Hotels Weehawken, New Jersey 2 — Hotel $ 93,358 (a) $ 92,578 $ 780 04/04/23 Harborside 1, 2 and 3 Jersey City, New Jersey 3 1,886,800 Office 362,446 362,304 142 09/13/23 Harborside 6 Jersey City, New Jersey 1 231,856 Office 44,145 43,722 423 10/13/23 23 Main Street Holmdel, New Jersey 1 350,000 Office 15,884 (b) 13,372 2,512 Others (c) 2,184 Unrealized gains (losses) on real estate held for sale (3,630) Totals 7 2,468,656 $ 515,833 $ 511,976 $ 2,411 (a) Included proceeds of $84.0 million used to repay the mortgage loan encumbering the property at closing. (b) Included deposits totaling $1.3 million received by the Company in February and August 2023. (c) Others represent reversals of estimated accrued expenses from previously sold rental properties. The Company disposed of the following developable land during the year ended December 31, 2023 (dollars in thousands): Disposition Property Location Net Net Realized Discontinued 03/17/23 Columbia-Honeywell Morris Township, New Jersey $ 8,214 (a) $ 8,236 $ (22) $ — 10/12/23 3 Campus Parsippany-Troy Hills, New Jersey 13,248 7,847 5,401 — 10/05/23 Harborside 4 Jersey City, New Jersey 53,656 14,385 — 39,271 Others (b) 1,689 — Totals $ 75,118 $ 30,468 $ 7,068 $ 39,271 (a) Included deposits totaling $1.1 million received by the Company in December 2022 and January 2023. (b) Others represent reversals of estimated accrued expenses from previously sold developable land holdings. Dispositions during 2022 The Company disposed of the following rental property during the year ended December 31, 2022 (dollars in thousands) : Disposition Property Location # of Rentable Property Net Net Discontinued 01/21/22 111 River Street Hoboken, New Jersey 1 566,215 Office $ 208,268 (a) $ 206,432 $ 1,836 10/07/22 101 Hudson Street Jersey City, New Jersey 1 1,246,283 Office 342,578 (b) 270,198 72,380 Unrealized gains (losses) on real estate held for sale (12,540) Totals 2 1,812,498 $ 550,846 $ 476,630 $ 61,676 (a) The $150 million mortgage loan encumbering the property was repaid at closing, for which the Company incurred costs of $6.3 million. These costs were expensed as loss from extinguishment of debt during the year ended December 31, 2022. (b) The $250 million mortgage loan encumbering the property was assumed by the purchaser at closing, for which the Company incurred costs of $1.0 million. These costs were expensed as loss from extinguishment of debt during the year ended December 31, 2022. The assumed mortgage was a non-cash portion of this sales transaction. The Company disposed of the following developable land during the year ended December 31, 2022 (dollars in thousands): Disposition Property Location Net Net Realized 03/22/22 Palladium residential land West Windsor, New Jersey $ 23,908 $ 24,182 $ (274) 03/22/22 Palladium commercial land West Windsor, New Jersey 4,688 1,791 2,897 04/15/22 Port Imperial Park parcel Weehawken, New Jersey 29,331 29,744 (413) 04/21/22 Urby II/III Jersey City, New Jersey 68,854 13,316 55,538 11/03/22 Port Imperial Parcels 3 & 16 (a) Weehawken, New Jersey 24,885 25,371 (486) Totals $ 151,666 $ 94,404 $ 57,262 (a) Included non-cash expenses of $2.5 million. Dispositions during 2021 The Company disposed of the following rental properties during the year ended December 31, 2021 (dollars in thousands) : Disposition Property Location # of Rentable Property Net Net Realized Discontinued 01/13/21 100 Overlook Center Princeton, New Jersey 1 149,600 Office $ 34,724 (a) $ 26,488 $ — $ 8,236 03/25/21 Metropark portfolio (b) Edison and Iselin, New Jersey 4 926,656 Office 247,351 233,826 — 13,525 04/20/21 Short Hills portfolio (c) Short Hills, New Jersey 4 828,413 Office 248,664 245,800 — 2,864 06/11/21 Red Bank portfolio Red Bank, New Jersey 5 659,490 Office 80,730 78,364 — 2,366 06/30/21 Retail land leases Hanover and Parsippany, New Jersey — — Land Lease 41,958 37,951 4,007 — 07/26/21 7 Giralda Farms Madison, New Jersey 1 236,674 Office 28,182 30,143 — (1,961) 10/20/21 4 Gatehall Drive Parsippany, New Jersey 1 248,480 Office 24,239 23,717 — 522 12/16/21 Retail land lease Unit B Hanover, New Jersey — — Land Lease 5,423 6,407 (984) — Totals 16 3,049,313 $ 711,271 $ 682,696 $ 3,023 $ 25,552 (a) As part of the consideration from the buyer, a related party, 678,302 Common Units were redeemed by the Company at a book value of $10.5 million, which was a non-cash portion of this sales transaction. The balance of the proceeds was received in cash and used to repay the Company's borrowings on its revolving credit facility. See Note 16: Noncontrolling Interests in Subsidiaries - Noncontrolling Interests in Operating Partnership. (b) Includes $10 million of seller financing provided to the buyers of the Metropark portfolio. See Note 5: Deferred charges and other assets, net. (c) The mortgage loan encumbering three of the properties was defeased at closing, for which the Company incurred costs of $22.6 million. These costs were expensed as loss from extinguishment of debt. The Company disposed of the following developable land during the year ended December 31, 2021 (dollars in thousands): Disposition Property Location Net Net Realized 05/24/21 Horizon common area Hamilton, New Jersey $ 745 $ 634 $ 111 12/22/21 346/360 University Ave Newark, New Jersey 4,266 2,262 2,004 Totals $ 5,011 $ 2,896 $ 2,115 Dispositions of Unconsolidated Joint Venture 2022 — On November 30, 2022, the Company's Hyatt Regency Hotel Jersey City joint venture was sold for $117.0 million and the Company recorded a gain on the sale (included in discontinued operations) for its interest of approximately $7.7 million in the year ended December 31, 2022. 2021 — On September 1, 2021, the Company sold its interest in the Offices at Crystal Lake joint venture to its venture partner for $1.9 million and recorded a loss on the sale of approximately $1.9 million (included in discontinued operations) in the year ended December 31, 2021. On April 29, 2021, the Company sold its interest in the 12 Vreeland Road joint venture for a gross sales price of approximately $2.0 million, with no gain or loss on the transaction. Real Estate Held for Sale The following table summarizes the real estate held for sale, net (dollars in thousands) : Year Ended December 31, 2023 2022 Land $ 59,464 $ 92,843 Building & Other 9,688 142,554 Less: Accumulated depreciation — (28,924) Less: Cumulative unrealized losses on property held for sale (10,544) (12,540) Real estate held for sale, net $ 58,608 $ 193,933 As of December 31, 2022, the disposal group for assets classified as held for sale also included $0.4 million and $0.4 million recorded within Unbilled rents receivable, net and Total deferred charges & other assets, net, respectively. 2023 — As of December 31, 2023, the Company had classified as held for sale several developable land parcels, which are located in Jersey City and Parsippany, New Jersey. In January 2024, a land parcel was sold for gross proceeds of $10.2 million. 2022 — As of December 31, 2022, the Company had classified as held for sale an office property of 0.4 million square feet, two hotels and several developable land parcels, which are located in Jersey City, Holmdel, Parsippany, Morris Township, Wall and Weehawken, New Jersey. Discontinued Operations The Company has discontinued operations related to its former New Jersey office and hotel portfolio (collectively, the “Office Portfolio”) which represented a strategic shift in the Company’s operations beginning in 2019. See Note 7: Discontinued Operations.

INVESTMENTS IN UNCONSOLIDATED J

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES	12 Months Ended
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES	INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES As of December 31, 2023, the Company had an aggregate investment of approximately $118.0 million in its equity method joint ventures. The Company formed these ventures with unaffiliated third parties, or acquired interests in them, to develop or manage properties, or to acquire land in anticipation of possible development of rental properties. As of December 31, 2023, the unconsolidated joint ventures owned: seven multifamily properties totaling 2,146 apartment units, a retail property aggregating approximately 51,000 square feet and interests and/or rights to developable land parcels able to accommodate up to 829 apartment units. The Company’s unconsolidated interests range from 20 percent to 85 percent subject to specified priority allocations in certain of the joint ventures. The amounts reflected in the following tables (except for the Company’s share of equity in earnings) are based on the historical financial information of the individual joint ventures. The Company does not record losses of the joint ventures in excess of its investment balances unless the Company is liable for the obligations of the joint venture or is otherwise committed to provide financial support to the joint venture. The outside basis portion of the Company’s investments in joint ventures is amortized over the anticipated useful lives of the underlying ventures’ tangible and intangible assets acquired and liabilities assumed. The debt of the Company’s unconsolidated joint ventures generally is non-recourse to the Company, except for customary exceptions pertaining to such matters as intentional misuse of funds, environmental conditions, and material misrepresentations. The Company has agreed to guarantee repayment of a portion of the debt of its unconsolidated joint ventures. As of December 31, 2023, the outstanding balance of such debt, subject to guarantees, totaled $17.2 million of which $1.5 million was guaranteed by the Company. The Company performed management, leasing, development and other services for the properties owned by the unconsolidated joint ventures, related parties to the Company, and recognized $3.9 million, $3.6 million and $3.4 million for such services in the years ended December 31, 2023, 2022 and 2021, respectively. The Company had $0.7 million and $0.2 million in accounts receivable due from its unconsolidated joint ventures as of December 31, 2023 and 2022. As of December 31, 2023, the Company does not have any investments in unconsolidated joint ventures that are considered VIEs. The following is a summary of the Company's unconsolidated joint ventures as of December 31, 2023 and 2022 (dollars in thousands): Number of Company's Carrying Value Property Debt Entity / Property Name Apartment Units Effective December 31, December 31, Balance Maturity Interest Multifamily Metropolitan and Lofts at 40 Park (b) (c) 189 units 25.00 % $ 908 $ 1,747 $ 57,367 (d) (d) RiverTrace at Port Imperial 316 units 22.50 % 4,506 5,114 82,000 11/10/26 3.21 % The Capstone at Port Imperial 360 units 40.00 % 21,361 23,234 135,000 12/22/24 SOFR+ 1.20 % Riverpark at Harrison 141 units 45.00 % — — 30,192 07/01/35 3.19 % Station House 378 units 50.00 % 32,022 32,372 89,440 07/01/33 4.82 % Urby at Harborside (e) 762 units 85.00 % 57,060 61,594 185,742 08/01/29 5.20 % PI North - Land (b) (f) 829 potential units 20.00 % 1,678 1,678 — — — Other Other (g) 419 419 — — — Totals: $ 117,954 $ 126,158 $ 579,741 (a) Company's effective ownership % represents the Company's entitlement to residual distributions after payments of priority returns, where applicable. (b) The Company's ownership interests in this venture are subordinate to its partner's preferred capital balance and the Company is not expected to meaningfully participate in the venture's cash flows in the near term. (c) Through the joint venture, the Company also owns a 25 percent interest in a 50,973 square feet retail building ("Shops at 40 Park") and a 50 percent interest in a 59-unit, five story multifamily rental property ("Lofts at 40 Park"). (d) Property debt balance consists of: (i) an interest only loan, collateralized by the Metropolitan at 40 Park, with a balance of $34.1 million as of December 31, 2023, bears interest at SOFR +2.85%, matures on October 10, 2024; (ii) an interest only loan, collateralized by the Shops at 40 Park, with a balance of $6.1 million. On January 10, 2023, the loan was modified bearing interest at SOFR +2.00% and matures on January 9, 2025; (iii) an interest only loan, collateralized by the Lofts at 40 Park, with a balance of $17.2 million as of December 31, 2023, which bears interest at SOFR +2.00% and matures on February 1, 2024. In January 2024, the joint venture sold the Lofts at 40 Park property and the proceeds were used to repay the $17.2 million loan. (e) The Company owns an 85 percent interest with shared control over major decisions such as, approval of budgets, property financings and leasing guidelines. The Company formerly guaranteed $22 million of the principal outstanding debt, which on February 1, 2023, the lender released the Company of all obligations under the Guaranty Agreement. (f) The Company owns a 20 percent residual interest in undeveloped land parcels: parcels 6 and I that can accommodate the development of 829 apartment units. (g) The Company owns other interests in various unconsolidated joint ventures, including interests in assets previously owned and interest in ventures whose businesses are related to its core operations. These ventures are not expected to significantly impact the Company's operations in the near term. The following is a summary of the Company’s equity in earnings (loss) of unconsolidated joint ventures for the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Year Ended December 31, Entity / Property Name 2023 2022 2021 Multifamily Metropolitan and Lofts at 40 Park (a) $ (1,239) $ (674) $ (801) RiverTrace at Port Imperial 546 356 92 The Capstone at Port Imperial (b) (294) (212) (506) Riverpark at Harrison (c) 540 234 (1,153) Station House (299) (722) (1,647) Urby at Harborside 4,110 2,374 (580) PI North - Land (240) (205) (250) Liberty Landing (d) (22) 36 (40) Office 12 Vreeland Road (e) — — 2 Offices at Crystal Lake (f) — — (113) Other Other — 13 746 Company's equity in earnings (loss) of unconsolidated joint ventures (g) $ 3,102 $ 1,200 $ (4,250) (a) On January 12, 2024, the joint venture sold the Lofts at 40 Park property for a net sale proceeds of $12.1 million of which the Company's share is approximately $6 million. (b) The property commenced operations in second quarter 2021. (c) In September 2021, the joint venture agreed to settle certain obligations regarding a previously owned development project, of which the Company’s share of the expense for such settlement was $0.9 million, which was recorded in equity in earnings for this venture in the year ended December 31, 2021. (d) Pursuant to a notice letter to its joint venture partner dated January 6, 2022, the Company intends to not proceed with the acquisition and development of Liberty Landing. (e) On April 29, 2021, the Company sold its interest in the joint venture and realized no gain or loss on the sale. (f) On September 1, 2021, the Company sold its interest in this unconsolidated joint venture to its venture partner for $1.9 million, and realized a loss on the sale of approximately $1.9 million. (g) Amounts are net of amortization of basis differences of $618 thousand, $154 thousand and $138 thousand for the year ended December 31, 2023, 2022 and 2021, respectively. The following is a summary of the combined financial position of the unconsolidated joint ventures in which the Company had investment interests as of December 31, 2023 and 2022 (dollars in thousands) : December 31, December 31, Assets: Rental Property, net $ 741,932 $ 745,210 Other assets 31,480 39,241 Total assets $ 773,412 $ 784,451 Liabilities and partners'/members' capital: Mortgages and loans payable $ 579,741 $ 587,913 Other liabilities 8,898 15,545 Partners'/members' capital 184,773 180,993 Total liabilities and partners'/members' capital $ 773,412 $ 784,451 The following is a summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Year Ended December 31, 2023 2022 2021 Total revenues $ 94,272 $ 140,637 $ 173,169 Operating and other expenses (36,045) (81,914) (131,709) Depreciation and amortization (22,341) (25,412) (25,095) Interest expense (30,488) (29,777) (27,145) Net income (loss) $ 5,398 $ 3,534 $ (10,780)

DEFERRED CHARGES AND OTHER ASSE

DEFERRED CHARGES AND OTHER ASSETS, NET	12 Months Ended
DEFERRED CHARGES AND OTHER ASSETS, NET	Dec. 31, 2023
Other Assets [Abstract]
DEFERRED CHARGES AND OTHER ASSETS, NET	DEFERRED CHARGES AND OTHER ASSETS, NET (dollars in thousands) December 31, December 31, Deferred leasing costs $ 8,324 $ 59,651 Deferred financing costs - revolving credit facility (a) 771 6,684 9,095 66,335 Accumulated amortization (5,063) (30,471) Deferred charges, net 4,032 35,864 Notes receivable (b) 32 1,309 In-place lease values, related intangibles and other assets, net (c)(d) 10,034 12,298 Right of use assets (e) 6,161 2,896 Prepaid expenses and other assets, net 33,697 43,795 Total deferred charges and other assets, net (f) $ 53,956 $ 96,162 (a) Deferred financing costs related to all other debt liabilities (other than for the revolving credit facility) are netted against those debt liabilities for all periods presented. See Note 2: Significant Accounting Policies – Deferred Financing Costs. (b) As of December 31, 2022, balance included an interest-free note receivable with a net present value of $0.2 million which matured in April 2023, and seller-financing of $1.0 million, net of a loan loss allowance of $26.0 thousand, to the buyers of the Metropark portfolio, which matured in May 2023. (c) The Company recognizes rental revenue of acquired above and below market lease intangibles over the terms of the respective leases. The impact of amortizing the acquired above and below-market lease intangibles increased revenue by approximately $0.1 million, $0.2 million and $2.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. The following table summarizes, as of December 31, 2023, the scheduled amortization of the Company’s acquired above and below-market lease intangibles for each of the five succeeding years (dollars in thousands) : Year Acquired Above- Acquired Below- Total 2024 $ (175) $ 93 $ (82) 2025 (162) 64 (98) 2026 (143) 62 (81) 2027 (124) 26 (98) 2028 (121) 15 (106) (d) The value of acquired in-place lease intangibles are amortized to expense over the remaining initial terms of the respective leases. The impact of the amortization of acquired in-place lease values is included in depreciation and amortization expense and amounted to approximately $2.0 million, $1.5 million and $2.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. The following table summarizes, as of December 31, 2023, the scheduled amortization of the Company’s acquired in-place lease values for each of the five succeeding years (dollars in thousands) : Year Acquired In-place Lease Intangibles 2024 $ 310 2025 209 2026 195 2027 127 2028 105 (e) This amount has a corresponding liability of $7.4 million and $3.2 million as of December 31, 2023 and 2022, respectively, which is included in Accounts payable, accrued expense and other liabilities. See Note 12: Commitments and Contingencies – Ground Lease agreements for further details. DERIVATIVE FINANCIAL INSTRUMENTS Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate caps as part of its interest rate risk management strategy. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. The changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next 12 months, the Company estimates $3.8 million will be reclassified as a decrease to interest expense. As of December 31, 2023, the Company had four interest rate caps outstanding with a notional amount of $304.5 million designated as cash flow hedges of interest rate risk. The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2023 and 2022 (dollars in thousands) : Fair Value Asset Derivatives designated December 31, December 31, Balance sheet location Interest rate caps $ 5,098 $ 9,808 Deferred charges and other assets, net The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Loss) Recognized in OCI on Derivative Location of Gain or (Loss) Reclassified Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Total Amount of Interest Expense presented in the Consolidated Statements of Operations Year Ended December 31, 2023 2022 2021 2023 2022 2021 2023 2022 2021 Interest rate caps $ 1,184 $ 5,032 $ 10 Interest expense $ 3,559 $ 666 $ — $ (89,355) $ (66,381) $ (47,505) Credit-risk-related Contingent Features The Company has agreements with each of its derivative counterparties that contain a provision where if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations. Specifically, the Company could be declared in default on its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company's default on the indebtedness.

RESTRICTED CASH

RESTRICTED CASH	12 Months Ended
RESTRICTED CASH	Dec. 31, 2023
Restricted Cash and Investments [Abstract]
RESTRICTED CASH	RESTRICTED CASH Restricted cash generally includes resident and tenant security deposits for certain of the Company’s properties, and escrow and reserve funds for debt service, real estate taxes, property insurance, capital improvements, tenant improvements, and leasing costs established pursuant to certain mortgage financing arrangements, and is comprised of the following (dollars in thousands) : December 31, December 31, Security deposits $ 9,996 $ 9,175 Escrow and other reserve funds 16,576 11,692 Total restricted cash $ 26,572 $ 20,867

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
DISCONTINUED OPERATIONS	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS As of December 31, 2023, the Company completed the sale of the entire Office Portfolio except for one waterfront office property. As the sale of the Office Portfolio represented a strategic shift in the Company’s operations, the results of these properties that were disposed of or classified as held for sale are being classified as discontinued operations for all periods presented. The following table summarizes income (loss) from discontinued operations and the related realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net, for the years ended December 31, 2023, 2022 and 2021 (dollars in thousands): Year Ended December 31, 2023 2022 2021 Total Revenues $ 21,085 $ 127,541 $ 163,284 Operating and other (expenses) income, net (12,437) (63,157) (83,557) Property impairments — (94,811) (13,467) Depreciation and amortization (5,486) (26,974) (44,086) Loss from extinguishment of debt, net (12) (7,303) — Income (Loss) from discontinued operations 3,150 (64,704) 22,174 Gain on disposition of developable land 39,271 — — Gain on sale of unconsolidated joint venture interests — 7,677 — Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net 2,411 61,676 25,552 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 41,682 69,353 25,552 Total discontinued operations, net $ 44,832 $ 4,649 $ 47,726

REVOLVING CREDIT FACILITY AND T

REVOLVING CREDIT FACILITY AND TERM LOANS	12 Months Ended
REVOLVING CREDIT FACILITY AND TERM LOANS	Dec. 31, 2023
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITY AND TERM LOANS	REVOLVING CREDIT FACILITY AND TERM LOANS On July 25, 2023, the Company entered into a revolving credit and term loan agreement (“2023 Credit Agreement”) with a group of two lenders that provides for a $60 million senior secured revolving credit facility (the “2023 Revolving Credit Facility”) and a $115 million senior secured term loan facility (the “2023 Term Loan”). On July 25, 2023, the Operating Partnership drew the full $115 million available under the 2023 Term Loan and borrowed $52 million from the 2023 Revolving Credit Facility which proceeds, together with available cash, were used to fund the purchase price under the Rockpoint Purchase Agreement. During the fourth quarter of 2023, the Company fully repaid the remaining balances of the 2023 Term Loan and 2023 Revolving Credit Facility. As of December 31, 2023 and December 31, 2022, the Company had no borrowings outstanding under its term loan and revolving credit facilities. The terms of the 2023 Revolving Credit Facility include: (1) a one-year term ending in July 2024, subject to one six-month extension option; (2) revolving credit loans may be made to the Company in an aggregate principal amount of up to $60 million; (3) a first priority lien on the unencumbered property known as The James, a 240 unit multi-family residential property located at 87 Madison Avenue, Park Ridge, New Jersey (the “Collateral Pool Property”); and (4) a commitment fee payable quarterly equal to 35 basis points per annum on the daily unused amount of the 2023 Revolving Credit Facility. The terms of the 2023 Term Loan included: (1) a one-year term ending in July 2024, subject to one six-month extension option; (2) a single draw of the term loan commitments up to an aggregate principal amount of $115 million; and (3) a first priority lien in the Collateral Pool Property. Interest on borrowings under the 2023 Revolving Credit Facility and the 2023 Term Loan shall be based on applicable interest rate (the “Interest Rate”) plus a margin ranging from 250 basis points to 350 basis points (the “Applicable Margin”) depending on the Interest Rate elected. The Applicable Margin is subject to automatic increases of 25 basis points every three months. With respect to borrowings under the 2023 Revolving Credit Facility and the 2023 Term Loan, the Interest Rate shall be either (A) the Alternative Base Rate plus the Applicable Margin and/or (B) the Adjusted Term SOFR Rate plus the Applicable Margin or, with respect to the 2023 Revolving Credit Facility only, (C) the Adjusted Daily Effective SOFR Rate plus the Applicable Margin. As used herein: “Alternative Base Rate” means, subject to a floor of 1.00%, the highest of (i) the rate of interest last quoted by The Wall Street Journal in the U.S. as the prime rate in effect (the “Prime Rate”), (ii) the NYFRB Rate from time to time plus 0.50% and (iii) the Adjusted Term SOFR Rate for a one month interest period plus 1%; “Adjusted Term SOFR Rate” means, subject to a floor of 0.0%, the Term SOFR Rate, plus 10 basis points; and “Adjusted Daily Effective SOFR Rate” means, subject to a floor of 0.0%, for any day, the secured overnight financing rate for such business day published by the NYFRB on the NYFRB’s on the immediately succeeding business day (“SOFR”) plus 10 basis points. As of December 31, 2023, the effective interest rate for the 2023 Revolving Credit Facility was SOFR + 3.85%. The General Partner and certain subsidiaries of the Operating Partnership are the guarantors of the obligations of the Operating Partnership under the 2023 Credit Agreement, and certain subsidiaries of the Operating Partnership also granted the lenders a security interest in certain subsidiary guarantors in order to further secure the obligations, liabilities and indebtedness of the Operating Partnership under the 2023 Credit Agreement. The 2023 Credit Agreement includes certain restrictions and covenants which limit, among other things the incurrence of additional indebtedness, the incurrence of liens and the disposition of real estate properties, and which require compliance with financial ratios relating to (a) the maximum total leverage ratio (65%), (b) the minimum debt service coverage ratio (1.25 times), (c) the minimum tangible net worth ratio (80% of tangible net worth as of July 25, 2023 plus 80% of net cash proceeds of equity issuances by the General Partner or the Operating Partnership), and (d) the maximum unhedged variable rate debt ratio (30%). Subject to certain exceptions, the net proceeds from any property sales are to be used to mandatorily repay the 2023 Term Loan until it is retired. In addition, the 2023 Credit Agreement includes a mandatory cash sweep provision that provides that any cash, cash equivalents or marketable securities of the General Partner or Operating Partnership in excess of $25 million as of the end of the last business day of any calendar week shall be applied to repayment of any outstanding borrowings under the 2023 Credit Agreement. On April 7, 2023, the Company terminated the 2021 Credit Agreement for both the 2021 Credit Facility and 2021 Term Loan. As a result of the termination, the Company wrote off the unamortized deferred financing costs in an amount of $2.7 million during the second quarter of 2023, which is recorded within Loss from extinguishment of debt, net, on the Consolidated Statements of Operations. The Company was in compliance with its debt covenants under its revolving credit facility as of December 31, 2023

MORTGAGES, LOANS PAYABLE AND OT

MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS	12 Months Ended
MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS	Dec. 31, 2023
Debt Disclosure [Abstract]
MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS	MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS The Company has mortgages, loans payable and other obligations which primarily consist of various loans collateralized by certain of the Company’s rental properties, land and development projects. As of December 31, 2023, 17 of the Company’s properties, with a total carrying value of approximately $2.6 billion are encumbered by the Company’s mortgages and loans payable. Payments on mortgages, loans payable and other obligations are generally due in monthly installments of principal and interest, or interest only. The Company was in compliance with its debt covenants under its mortgages and loans payable as of December 31, 2023. A summary of the Company’s mortgages, loans payable and other obligations as of December 31, 2023 and 2022 is as follows (dollars in thousands) : Property/Project Name Lender Effective Rate (a) December 31, December 31, Maturity Port Imperial 4/5 Hotel (b) Fifth Third Bank N/A — 84,000 N/A Signature Place Nationwide Life Insurance Company 3.74 % 43,000 43,000 08/01/24 Liberty Towers American General Life Insurance Company 3.37 % 265,000 265,000 10/01/24 Portside 2 at East Pier (c) New York Life Insurance Company 4.56 % 97,000 97,000 03/10/26 BLVD 425 New York Life Insurance Company 4.17 % 131,000 131,000 08/10/26 BLVD 401 New York Life Insurance Company 4.29 % 117,000 117,000 08/10/26 Portside at East Pier (d) KKR SOFR+ 2.75 % 56,500 58,998 09/07/26 The Upton (e) Bank of New York Mellon SOFR+ 1.58 % 75,000 75,000 10/27/26 145 Front at City Square (f) US Bank SOFR+ 1.84 % 63,000 63,000 12/10/26 RiverHouse 9 at Port Imperial (g) JP Morgan SOFR+ 1.41 % 110,000 110,000 06/21/27 Quarry Place at Tuckahoe Natixis Real Estate Capital LLC 4.48 % 41,000 41,000 08/05/27 BLVD 475 N/S The Northwestern Mutual Life Insurance Co. 2.91 % 165,000 165,000 11/10/27 Haus25 (h) Freddie Mac 6.04 % 343,061 297,324 09/01/28 RiverHouse 11 at Port Imperial The Northwestern Mutual Life Insurance Co. 4.52 % 100,000 100,000 01/10/29 Soho Lofts (i) New York Community Bank 3.77 % 158,777 160,000 07/01/29 Port Imperial Garage South American General Life & A/G PC 4.85 % 31,645 32,166 12/01/29 The Emery at Overlook Ridge (j) New York Community Bank 3.21 % 72,000 72,000 01/01/31 Principal balance outstanding 1,868,983 1,911,488 Unamortized deferred financing costs (15,086) (7,511) Total mortgages, loans payable and other obligations, net $ 1,853,897 $ 1,903,977 (a) R eflects effective rate of debt, including deferred financing costs, comprised of the cost of terminated treasury lock agreements (if any), debt initiation costs, mark-to-market adjustment of acquired debt and other transaction costs, as applicable. (b) The loan was paid off on disposition of the hotels on February 10, 2023. (c) The Company has guaranteed 10 percent of the outstanding principal, subject to certain conditions. (d) On August 10, 2023, the Company refinanced the Freddie Mac fixed rate loan. Additionally, a 3-year cap at a strike rate of 3.5% was placed. (e) As of December 31, 2023, an interest-rate cap agreement was in place for this mortgage loan with a strike rate of 1.0%, expiring in October 2024. (f) On September 30, 2023 the Company placed a 9-month SOFR cap at a strike rate of 4.0%. (g) As of December 31, 2023, an interest-rate cap agreement was in place for this mortgage loan, with a strike rate of 3.0%, expiring in June 2024. (h) On August 15, 2023, the $297 million QuadReal Finance backed construction loan was fully repaid and the existing cap was terminated through refinancing activity. (i) Effective rate reflects the fixed rate period, which ends in July 1, 2024. After that period ends, the Company must make a one-time election of how to compute the interest rate for this loan: (a) the floating-rate option, the sum of the highest prime rate as published in the New York Times on each applicable Rate Change Date plus 2.75% annually or (b) the fixed-rate option, the sum of the Five Year Fixed Rate Advance of the Federal Home Loan Bank of New York in effects as of the first business day of the month which is three months prior to the Rate Change Date plus 3.00% annually. (j) Effective rate reflects the fixed rate period, which ends on January 1, 2026. After that period ends, the Company must make a one-time election of how to compute the interest rate for this loan: (a) the floating-rate option, the sum of the highest prime rate as published in the New York Times on each applicable Rate Change Date plus 2.75% annually or (b) the fixed-rate option, the sum of the Five Year Fixed Rate Advance of the Federal Home Loan Bank of New York in effects as of the first business day of the month which is three months prior to the Rate Change Date plus 3.00% annually. SCHEDULED PRINCIPAL PAYMENTS Scheduled principal payments for the Company’s mortgages, loans payable and other obligations as of December 31, 2023 are as follows (dollars in thousands) : Period Scheduled Amortization Principal Maturities Total 2024 $ 6,076 $ 308,000 $ 314,076 2025 9,487 — 9,487 2026 9,651 536,487 546,138 2027 8,158 305,320 313,478 2028 5,331 343,061 348,392 Thereafter 5,574 331,838 337,412 Sub-total 44,277 1,824,706 1,868,983 Unamortized deferred financing costs (15,086) — (15,086) Totals $ 29,191 $ 1,824,706 $ 1,853,897 CASH PAID FOR INTEREST AND INTEREST CAPITALIZED Cash paid for interest for the years ended December 31, 2023, 2022 and 2021 was $81.6 million, $80.3 million and $85.2 million, (of which $1.4 million, $13.3 million and $18.5 million pertained to properties classified as discontinued operations), respectively. Interest capitalized by the Company for the years ended December 31, 2023, 2022 and 2021 was zero, $12.2 million and $30.5 million, respectively (which amounts included zero, zero and $0.3 million for the years ended December 31, 2023, 2022 and 2021, respectively, of interest capitalized on the Company’s investments in unconsolidated joint ventures which were substantially in development). SUMMARY OF INDEBTEDNESS (dollars in thousands) December 31, December 31, Balance Weighted Average Interest Rate Balance Weighted Average Interest Rate Fixed Rate & Hedged Debt (a) $ 1,853,897 4.34 % $ 1,757,308 4.27 % Revolving Credit Facility & Other Variable Rate Debt — — % 146,669 6.86 % Totals/Weighted Average: $ 1,853,897 4.34 % $ 1,903,977 4.47 % (a) As of December 31, 2023 and 2022, includes debt with interest rate caps outstanding with a notional amount of $304.5 million and $485.0 million, respectively.

EMPLOYEE BENEFIT 401(k) PLANS

EMPLOYEE BENEFIT 401(k) PLANS	12 Months Ended
EMPLOYEE BENEFIT 401(k) PLANS	Dec. 31, 2023
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT 401(k) PLANS	EMPLOYEE BENEFIT 401(k) PLANS

DISCLOSURE OF FAIR VALUE OF ASS

DISCLOSURE OF FAIR VALUE OF ASSETS AND LIABILITIES	12 Months Ended
DISCLOSURE OF FAIR VALUE OF ASSETS AND LIABILITIES	Dec. 31, 2023
Fair Value Disclosures [Abstract]
DISCLOSURE OF FAIR VALUE OF ASSETS AND LIABILITIES	DISCLOSURE OF FAIR VALUE OF ASSETS AND LIABILITIES The following disclosure of estimated fair value was determined by management using available market information and appropriate valuation methodologies. However, considerable judgment is necessary to interpret market data and develop estimated fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize on disposition of the assets and liabilities at December 31, 2023 and 2022. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. Items Measured at Fair Value on a Recurring Basis Cash equivalents, receivables, notes receivables, accounts payable, and accrued expenses and other liabilities are carried at amounts which reasonably approximate their fair values as of December 31, 2023 and 2022. The fair value of the Company’s long-term debt, consisting of mortgages, loans payable and other obligations aggregated approximately $1.8 billion and $1.8 billion as compared to the book value of approximately $1.9 billion and $1.9 billion as of December 31, 2023 and 2022, respectively. The fair value of the Company’s long-term debt was valued using level 3 inputs (as provided by ASC 820, Fair Value Measurements and Disclosures). The fair value was estimated using a discounted cash flow analysis based on the borrowing rates currently available to the Company for loans with similar terms and maturities. The fair value of the mortgage debt was determined by discounting the future contractual interest and principal payments by a market rate. Although the Company has determined that the majority of the inputs used to value its derivative financial instruments fall within level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivative financial instruments utilize level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. The Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivative financial instruments. As a result, the Company has determined that its derivative financial instruments valuations in their entirety are classified in level 2 of the fair value hierarchy. Items Measured at Fair Value on a Non-Recurring Basis (Including Impairment Charges) The fair value measurements used in the evaluation of the Company’s rental properties for impairment analysis are considered to be Level 3 valuations within the fair value hierarchy, as there are significant unobservable assumptions. Assumptions that were utilized in the fair value calculations include, but are not limited to, discount rates, market capitalization rates, expected lease rental rates, third-party broker information and information from potential buyers, as applicable. Valuations of real estate identified as held for sale are based on estimated sale prices, net of estimated selling costs, of such property. In the absence of an executed sales agreement with a set sales price, management’s estimate of the net sales price may be based on a number of unobservable assumptions, including, but not limited to, the Company’s estimates of future cash flows, market capitalization rates and discount rates, if applicable. For developable land, an estimated per-unit market value assumption is also considered based on development rights or plans for the land. The following table presents information about assets for which we recorded an impairment charge and that were measured at fair value on a non-recurring basis: Years Ended December 31, 2023 2022 2021 (dollars in thousands) Fair Value Measurements Impairment Charges Fair Value Measurements Impairment Charges Fair Value Measurements Impairment Charges Investment in Real Estate $ 169,839 $ 45,471 $ 314,512 $ 116,718 $ 421,053 $ 34,241 Goodwill — — — — — 2,945 The impairment charges described below are reflected within Property impairments, Land and other impairments, net or Unrealized gains (losses) on disposition of rental property for real estate in our Consolidated Statements of Operations. For properties classified as discontinued operations as of December 31, 2023, the impairment charges described below are reflected within the Discontinued operations section in our Consolidated Statements of Operations for all periods presented. Impairment charges, and their related triggering events and fair value measurements, recognized during the years ended December 31, 2023, 2022 and 2021 were as follows: 2023 — During the year ended December 31, 2023, the Company recognized impairment charges for the following properties in order to reduce their carrying values to their estimated fair values, as follows: • $32.5 million on one office property due to the shortening of its expected hold period; the fair value measurement was determined by estimating discounted cash flows using two significant unobservable inputs, which were the cash flow discount rate (11%) and terminal capitalization rate (9%); • $3.6 million on one office property based on its estimated selling price; the property was sold in September 2023; • $9.3 million on three land parcels based on their estimated selling prices. 2022 — During the year ended December 31, 2022, the Company recognized impairment charges for the following properties in order to reduce their carrying values to their estimated fair values, as follows: • $94.8 million on four office properties due to the shortening of their expected hold periods; the fair value measurement was determined by estimating discounted cash flows using two significant unobservable inputs, which were the cash flow discount rate (range of 7.5% to 13%) and terminal capitalization rate (range of 5.5% to 8.75%); the properties were sold during 2023; • $12.5 million on two hotels and one office property based on their estimated selling price; the properties were sold during 2023; • $9.4 million on four land parcels based on their estimated selling prices. One parcel of the land was sold in November 2022. 2021 — During the year ended December 31, 2021, the Company recognized impairment charges for the following properties in order to reduce their carrying values to their estimated fair values, as follows: • $6.0 million on one office property due to the shortening of its expected hold period; the fair value measurement was determined by estimating discounted cash flows using two significant unobservable inputs, which were the cash flow discount rate (8.0%) and terminal capitalization rate (5.75%); the property was sold in January 2022; • $7.4 million on two hotels due to the adverse effect of the COVID-19 pandemic has had on the hotel operations; the fair value measurement was determined by estimating discounted cash flows using two significant unobservable inputs, which were the cash flow discount rate (8.67%) and terminal capitalization rate (6.5%); the two hotels were sold in February 2023; • $20.8 million on several land parcels based on their estimated selling price; • $2.9 million on goodwill which was fully impaired based on management's impairment test.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES TAX ABATEMENT AGREEMENTS Pursuant to agreements with certain municipalities, the Company is required to make payments in lieu of property taxes (“PILOT”) on certain of its properties and has tax abatement agreements on other properties, as follows: PILOT Payments PILOT 2023 2022 2021 Property Name Location Asset Type Expiration Dates (Dollars in Thousands) BLVD 475 (Monaco) (a) Jersey City, NJ Multifamily 2/2021 — — 443 111 River Street (b) Hoboken, NJ Office 4/2022 — — 1,470 Harborside Plaza 4A (c) Jersey City, NJ Office 2/2022 — — 1,057 Harborside Plaza 5 (d) Jersey City, NJ Office 6/2022 — — 4,324 BLVD 401 (Marbella 2) (e) Jersey City, NJ Multifamily 4/2026 1,754 1,692 1,277 RiverHouse 11 at Port Imperial (f) Weehawken, NJ Multifamily 7/2033 1,735 1,514 1,369 Port Imperial 4/5 Hotel (g) Weehawken, NJ Hotel 12/2033 224 2,925 2,925 RiverHouse 9 at Port Imperial (h) Weehawken, NJ Multifamily 6/2046 1,608 1,295 350 Haus25 (i) Jersey City, NJ Mixed-Use 3/2047 2,619 975 — The James (j) Park Ridge, NJ Multifamily 6/2051 714 318 — Total Pilot taxes $ 8,654 $ 8,719 $ 13,215 (a) The annual PILOT is equal to ten percent of Gross Revenues, as defined. (b) The property was disposed of in the first quarter of 2022. (c) The property was disposed of in the third quarter of 2023. (d) The annual PILOT is equal to two percent of Total Project Costs, as defined. The total Project Costs are $170.9 million. (e) The annual PILOT is equal to ten percent of Gross Revenues for years 1-4, 12 percent for years 5-8 and 14 percent for years 9-10, as defined. (f) The annual PILOT is equal to 12 percent of Gross Revenues for years 1-5, 13 percent for years 6-10 and 14 percent for years 11-15, as defined. (g) The annual PILOT is equal to two percent of Total Project Costs, as defined. The property was disposed of during the first quarter of 2023. (h) The annual PILOT is equal to 11 percent of Gross Revenues for years 1-10, 12.5 percent for years 11-18 and 14 percent for years 19-25, as defined. (i) The annual PILOT is equal to seven percent of Gross Revenues, as defined, for a term of 25 years following the substantial completion which occurred in April 2022. (j) The property was acquired in July 2022. For a term of 30 years following substantial completion which occurred in June 2021. The annual PILOT is equal to 10 percent of Gross Revenues for years 1-10, 11.5 percent for years 11-21 and 12.5 percent for years 22-30; as defined. At the conclusion of the above-referenced agreements, it is expected that the properties will be assessed by the municipality and be subject to real estate taxes at the then prevailing rates. LITIGATION The Company is a defendant in litigation arising in the normal course of its business activities. Management does not believe that the ultimate resolution of these matters will have a materially adverse effect upon the Company’s financial condition taken as whole. OFFICE AND GROUND LEASE AGREEMENTS Future minimum rental payments under the terms of all non-cancelable office and ground leases under which the Company is the lessee, as of December 31, 2023, are as follows (dollars in thousands): As of December 31, 2023 Year Amount 2024 $ 1,272 2025 1,279 2026 1,279 2027 1,280 2028 494 2029 through 2101 31,447 Total lease payments 37,051 Less: imputed interest (29,700) Total $ 7,351 As of December 31, 2022 Year Amount 2023 $ 192 2024 192 2025 199 2026 199 2027 200 2028 through 2101 31,664 Total lease payments 32,646 Less: imputed interest (29,418) Total $ 3,228 Office and ground lease expense incurred by the Company for the years ended December 31, 2023, 2022 and 2021 amounted to $2.0 million, $0.9 million and $1.8 million, respectively. The Company had classified operating leases for one office and two ground leases, which had balances of $4.1 million and $2.1 million, respectively, at December 31, 2023. Such amounts represent the net present value (“NPV”) of future payments detailed above. The office and two ground leases used incremental borrowing rates of 6.0 percent and 7.6 percent, respectively, to arrive at the NPV and have weighted average remaining lease terms of 4.3 years and 77.6 years, respectively. These rates were arrived at by adjusting the fixed rates of the Company’s mortgage debt with debt having terms approximating the remaining lease term of the Company’s office and ground leases and calculating notional rates for fully-collateralized loans. The initial recognition of a lease liability and right-of-use asset in an amount of $4.7 million for the office lease is a noncash activity during the year ended December 31, 2023. OTHER As of December 31, 2023, the Company has outstanding stay-on award agreements with 20 select employees, which provides them with the potential to receive compensation, in cash or Company stock at the employees’ option, contingent upon remaining with the Company in good standing until the occurrence of certain corporate transactions, which have not been identified. The total potential cost of such awards is currently estimated to be up to approximately $2.8 million, including the potential future issuance of up to 42,095 shares of the Company’s common stock. Such cash or stock awards would only be earned and payable if such transaction was identified and communicated to the employee within seven years of the agreement dates, all of which were signed in late 2020 and early 2021, and all other conditions were satisfied.

TENANT LEASES

TENANT LEASES	12 Months Ended
TENANT LEASES	Dec. 31, 2023
Leases [Abstract]
TENANT LEASES	TENANT LEASES The Company’s consolidated office property is leased to tenants under operating leases with various expiration dates through 2034. Substantially all of the commercial leases provide for annual base rents plus recoveries and escalation charges based upon the tenant’s proportionate share of and/or increases in real estate taxes and certain operating costs, as defined, and the pass-through of charges for electrical usage. Future minimum rentals to be received under non-cancelable commercial operating leases (excluding properties classified as discontinued operations) at December 31, 2023 and 2022 are as follows (dollars in thousands) : As of December 31, 2023 Year Amount 2024 $ 12,231 2025 10,952 2026 8,822 2027 5,748 2028 2,113 2029 and thereafter 5,706 Total $ 45,572 As of December 31, 2022 Year Amount 2023 $ 14,798 2024 12,231 2025 10,952 2026 8,822 2027 5,748 2028 and thereafter 7,819 Total $ 60,370 Multifamily rental property residential leases are excluded from the above table as they generally expire within one year.

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTERESTS	12 Months Ended
REDEEMABLE NONCONTROLLING INTERESTS	Dec. 31, 2023
Temporary Equity Disclosure [Abstract]
REDEEMABLE NONCONTROLLING INTERESTS	REDEEMABLE NONCONTROLLING INTERESTS Rockpoint Transactions 2023 Transactions On April 5, 2023, Veris Residential Trust (“VRT”), the Company’s subsidiary through which the Company conducts its multifamily residential real estate operations, exercised its right to purchase and redeem direct and indirect interests (the “Put/Call Interests”) in preferred units of limited partnership interests in VRLP (the "Preferred Units") from certain affiliates of Rockpoint Group, L.L.C. (Rockpoint Group, L.L.C. and its affiliates, collectively, “Rockpoint”). On April 6, 2023, Rockpoint exercised its right under the Veris Residential Partners, L.P. (“VRLP”) Partnership Agreement to defer the closing of VRT’s purchase and redemption of the Put/Call Interests for one year. The exercise of the call right caused Rockpoint's interests to be reclassified as mandatorily redeemable noncontrolling interests under the accounting guidance, and included within the Total liabilities on the Company's Consolidated Balance Sheets. The impact of subsequent change in redemption value at each period end is recorded as interest cost. The carrying amount is not reduced below the initial measurement amount. On July 25, 2023, VRT and the Operating Partnership entered into the Rockpoint Purchase Agreement with Rockpoint pursuant to which VRT and the Operating Partnership acquired from Rockpoint all of the Preferred Units that constituted the Put/Call Interests for an aggregate purchase price of approximately $520 million. Under the terms of the Rockpoint Purchase Agreement, the Original Investment Agreement and the Add On Investment Agreement have been terminated and are of no further force and effect (other than certain tax and related indemnification rights and obligations), Rockpoint ceased to be, direct or indirect, as applicable, members of VRLP, and all obligations of VRT and VRLP and all rights, title and interest of Rockpoint in and pursuant to the VRLP Partnership Agreement (except for certain tax, confidentiality and indemnification rights and obligations) and all other agreements by and between the General Partner, the Operating Partnership, VRT, VRLP and Rockpoint were terminated, including without limitation all provisions relating to the valuation and repurchase of the Put/Call Interests. As a result of the redemption, the Company recorded the change in redemption value of approximately $34.8 million as Interest cost of mandatorily redeemable noncontrolling interests on the Company's Consolidated Statements of Operations. Transactions prior to 2023 Previously, on February 27, 2017, the Company, VRT, VRLP, the operating partnership through which VRT conducts all of its operations, and certain other affiliates of the Company entered into a preferred equity investment agreement (the “Original Investment Agreement”) with Rockpoint. Under the Original Investment Agreement, VRT contributed property to VRLP in exchange for common units of limited partnership interests in VRLP (the “Common Units”) and for multiple equity investments by Rockpoint in VRLP for an aggregate of $300 million of Preferred Units. In addition, certain contributions of property to VRLP by VRT subsequent to the execution of the Original Investment Agreement resulted in VRT being issued approximately $46 million of Preferred Units and Common Units in VRLP prior to June 26, 2019. On June 28, 2019, pursuant to the Add On Investment Agreement, Rockpoint invested an additional $100 million in Preferred Units and the Company and VRT agreed to contribute to VRLP two additional properties located in Jersey City, New Jersey. Under the terms set forth in the Third Amended and Restated Limited Partnership Agreement of VRLP, dated as of June 28, 2019 (the “VRLP Partnership Agreement”), the cash flow from operations of VRLP will be distributable to Rockpoint and VRT as follows: • first, to provide a 6% annual return to Rockpoint and VRT on their capital invested in Preferred Units (the “Preferred Base Return”); • second, 95.36% to VRT and 4.64% to Rockpoint until VRT has received a 6% annual return (the “VRT Base Return”) on the equity value of the properties contributed by it to VRLP in exchange for Common Units (previously 95% and 5%, respectively, under the Original Investment Agreement), subject to adjustment in the event VRT contributes additional property to VRLP in the future; and • third, pro rata to Rockpoint and VRT based on total respective capital invested in and contributed equity value of Preferred Units and Common Units (based on Rockpoint’s $400 million of invested capital at December 31, 2023, this pro rata distribution would be approximately 21.89% to Rockpoint in respect of Preferred Units, 2.65% to VRT in respect of Preferred Units and 75.46% to VRT in respect of Common Units). VRLP’s cash flow from capital events will generally be distributable by VRLP to Rockpoint and VRT as follows: • first, to Rockpoint and VRT to the extent there is any unpaid, accrued Preferred Base Return; • second, as a return of capital to Rockpoint and to VRT in respect of Preferred Units; • third, 95.36% to VRT and 4.64% to Rockpoint until VRT has received the VRT Base Return in respect of Common Units (previously 95% and 5%, respectively, under the Original Investment Agreement), subject to adjustment in the event VRT contributes additional property to VRLP in the future; • fourth, 95.36% to VRT and 4.64% to Rockpoint until VRT has received a return of capital based on the equity value of the properties contributed by it to VRLP in exchange for Common Units (previously 95% and 5%, respectively, under the Original Investment Agreement), subject to adjustment in the event VRT contributes additional property to the capital of VRLP in the future; • fifth, pro rata to Rockpoint and VRT based on respective total capital invested in and contributed equity value of Preferred and Common Units until Rockpoint has received an 11% internal rate of return (based on Rockpoint’s $400 million of invested capital at December 31, 2023, this pro rata distribution would be approximately 21.89% to Rockpoint in respect of Preferred Units, 2.65% to VRT in respect of Preferred Units and 75.46% to VRT in respect of Common Units); and • sixth, to Rockpoint and VRT in respect of their Preferred Units based on 50% of their pro rata shares described in “fifth” above and the balance to VRT in respect of its Common Units (based on Rockpoint’s $400 million of invested capital at December 31, 2023, this pro rata distribution would be approximately 10.947% to Rockpoint in respect of Preferred Units, 1.325% to VRT in respect of Preferred Units and 87.728% to VRT in respect of Common Units). During the period commencing on June 28, 2019 and ended on March 1, 2023 (the “Lockout Period”), Rockpoint’s interest in the Preferred Units cannot be redeemed or repurchased, except for certain conditions stated in the VRLP Partnership Agreement. After the Lockout Period, either VRT may acquire from Rockpoint, or Rockpoint may sell to VRT, all, but not less than all, of Rockpoint’s interest in the Preferred Units (each, a “Put/Call Event”) for a purchase price equal to the Purchase Payments determined based on the VRLP Partnership Agreement. Upon a Put/Call Event, other than in the event of a sale of VRLP, Rockpoint may elect to convert all, but not less than all, of its Preferred Units to Common Units in VRLP. An acquisition of Rockpoint’s interest in the Preferred Units pursuant to a Put/Call Event is generally required to be structured as a purchase of the common equity in the applicable Rockpoint entities holding direct or indirect interests in the Preferred Units (the “Put/Call Interests”). Subject to certain exceptions, Rockpoint also has a right of first offer and a participation right with respect to other common equity interests of VRLP or any subsidiary of VRLP that may be offered for sale by VRLP or its subsidiaries from time to time. Upon a Put/Call Event, other than in the event of a sale of VRLP, Rockpoint may elect to convert all, but not less than all, of its Preferred Units to Common Units in VRLP.As such, the Preferred Units contained a substantive redemption feature that was outside of the Company’s control and accordingly, the Preferred Units were previously classified in mezzanine equity measured based on the estimated future redemption value before the redemption right was exercised. The Company determined the redemption value of these interests by hypothetically liquidating the estimated NAV of the VRT real estate portfolio including debt principal through the applicable waterfall provisions of the transaction with Rockpoint. The estimation of NAV included unobservable inputs that consider assumptions of market participants in pricing the underlying assets of VRLP. For properties under development, the Company applied a discount rate to the estimated future cash flows allocable to the Company during the period under construction and then applies a direct capitalization method to the estimated stabilized cash flows. For operating properties, the direct capitalization method was used by applying a capitalization rate to the projected net operating income. For developable land holdings, an estimated per-unit market value assumption was considered based on development rights or plans for the land. Estimated future cash flows used in such analyses were based on the Company’s business plan for each respective property including capital expenditures, management’s views of market and economic conditions, and considered items such as current and future rental rates, occupancies and market transactions for comparable properties. The estimated future redemption value of the Preferred Units, including current preferred return payments of $2.0 million, was approximately $487.6 million before the redemption occurred on July 25, 2023. Preferred Units The Operating Partnership has issued two classes of Preferred Limited Partnership Units of the Operating Partnership (the “Preferred Units”). The key terms of the Preferred Units are summarized as follows: Series A Preferred Units Series A-1 Preferred Units Issuance date February 2017 February and April, 2017 Number of units issued 42,800 9,213 Stated value per unit $1,000 $1,000 Annual dividend rate paid quarterly 3.50 % (a) Conversion rate 28.15 27.936 Conversion value per unit $35.52 $35.80 Maximum common unit conversion 1,204,820 257,375 (a) Series A-1 Preferred Units pay dividends quarterly at an annual rate equal to the greater of (x) 3.50 percent, or (y) the then-effective annual dividend yield on the General Partner’s common stock. The Series A-1 Preferred Units are pari passu with the 3.5% Series A Units issued on February 3, 2017. The Preferred Units have a liquidation and dividend preference senior to the common units and include customary anti-dilution protections for stock splits and similar events. The Preferred Units are convertible into common units of limited partnership interests of the Operating Partnership beginning generally five years from the date of issuance. In addition, the Preferred Units are redeemable for cash at their stated value beginning five years from the date of issuance at the option of the holder. During the year ended December 31, 2023 and 2022, 15,100 and 12,000 Series A Units were redeemed for cash at the stated value, respectively. In February 2024, a unit holder redeemed 5,700 Series A Units for cash at the stated value. Additionally, during February 2024, the Company received notice from a unit holder electing to have 10,000 Series A Units redeemed for cash at the stated value, which the Company expects to settle in March 2024. Summary of Redeemable Noncontrolling Interest s The following tables set forth the changes in Mandatorily redeemable noncontrolling interests for the year ended December 31, 2023 (dollars in thousands) : Rockpoint Balance at April 5, 2023 $ — Reclassification from Redeemable Non-controlling Interests 479,977 Income Attributed to Noncontrolling Interests 7,365 Distributions (9,371) Redemption Value Adjustment 42,417 Redemption (520,388) Balance at December 31, 2023 $ — The following tables set forth the changes in Redeemable noncontrolling interests within the mezzanine equity section for the years ended December 31, 2023 and 2022 (dollars in thousands) : Series A and A-1 Preferred Units In VRLP Rockpoint Interests in VRT Total Redeemable Noncontrolling Interests Balance at January 1, 2023 $ 40,231 $ 475,000 $ 515,231 Redeemable Noncontrolling Interests Redemption (15,100) — (15,100) Net 25,131 475,000 500,131 Income Attributed to Noncontrolling Interests 1,336 6,282 7,618 Distributions (1,468) (6,282) (7,750) Redemption Value Adjustment — 4,977 4,977 Reclassification to Mandatorily Redeemable Non-controlling Interests — (479,977) (479,977) Balance at December 31, 2023 $ 24,999 $ — $ 24,999 Series A and A-1 Preferred Units In VRLP Rockpoint Interests in VRT Total Redeemable Noncontrolling Interests Balance at January 1, 2022 $ 52,324 $ 468,989 $ 521,313 Redeemable Noncontrolling Interests Redemption (12,000) — (12,000) Net 40,324 468,989 509,313 Income Attributed to Noncontrolling Interests 1,471 24,063 25,534 Distributions (1,564) (24,063) (25,627) Redemption Value Adjustment — 6,011 6,011 Balance at December 31, 2022 $ 40,231 $ 475,000 $ 515,231

VERIS RESIDENTIAL, INC. STOCKHO

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL	VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL To maintain its qualification as a REIT, not more than 50 percent in value of the outstanding shares of the General Partner may be owned, directly or indirectly, by five or fewer individuals at any time during the last half of any taxable year of the General Partner, other than its initial taxable year (defined to include certain entities), applying certain constructive ownership rules. To help ensure that the General Partner will not fail this test, the General Partner’s Charter provides, among other things, certain restrictions on the transfer of common stock to prevent further concentration of stock ownership. Moreover, to evidence compliance with these requirements, the General Partner must maintain records that disclose the actual ownership of its outstanding common stock and demands written statements each year from the holders of record of designated percentages of its common stock requesting the disclosure of the beneficial owners of such common stock. Partners’ Capital in the accompanying consolidated financial statements relates to (a) General Partners’ capital consisting of common units in the Operating Partnership held by the General Partner, and (b) Limited Partners’ capital consisting of common units and LTIP units held by the limited partners. See Note 16: Noncontrolling Interests in Subsidiaries. Any transactions resulting in the issuance of additional common and preferred stock of the General Partner result in a corresponding issuance by the Operating Partnership of an equivalent amount of common and preferred units to the General Partner. ATM PROGRAM On November 15, 2023, we reestablished a continuous “at-the-market” offering program (“ATM Program”) with a syndicate of banks, pursuant to which shares of our common stock having an aggregate gross sales price of up to $100 million may be sold (i) directly through or to the banks acting as sales agents or as principal for their own accounts or (ii) through or to participating banks or their affiliates acting as forward sellers on behalf of any forward purchasers pursuant to a forward sale agreement (“ATM Forwards”). Effective as of that date, the Company terminated a prior ATM Program that was established on December 13, 2021 , under which we were able to offer and sell shares of our common stock from time to time, up to an aggregate gross sales price of $200 million, with a syndicate of banks. As of December 31, 2023, the Company had not sold any shares pursuant to the ATM Program. DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN The General Partner has a Dividend Reinvestment and Stock Purchase Plan (the “DRIP”) which commenced in March 1999 under which approximately 5.4 million shares of the General Partner’s common stock have been reserved for future issuance. The DRIP provides for automatic reinvestment of all or a portion of a participant’s dividends from the General Partner’s shares of common stock. The DRIP also permits participants to make optional cash investments up to $5,000 a month without restriction and, if the Company waives this limit, for additional amounts subject to certain restrictions and other conditions set forth in the DRIP prospectus filed as part of the Company’s effective registration statement on Form S-3 filed with the SEC for the approximately 5.4 million shares of the General Partner’s common stock reserved for issuance under the DRIP. INCENTIVE STOCK PLAN In May 2013, the General Partner established the 2013 Incentive Stock Plan (the “2013 Plan”) under which a total of 4,600,000 shares has been reserved for issuance. In June 2021, stockholders of the Company approved amendments to the 2013 Plan to increase the total shares reserved for issuance under the plan from 4,600,000 to 6,565,000 shares. At December 31, 2023, 269,072 shares remained available for issuance under the 2013 Plan. Stock Options In addition to stock options issued in June 2021 under the 2013 Plan, in March 2021, the General Partner granted 950,000 stock options with an exercise price equal to the closing price of the Company’s common stock on the grant date of $15.79 per share to the Chief Executive Officer as an employment “inducement award” that is intended to comply with New York Stock Exchange Rule 303A.08. In April 2022, the General Partner granted 250,000 stock options with an exercise price equal to the closing price of the Company’s common stock on the grant date of $16.33 per share to the Chief Investment Officer as an employment “inducement award” that is intended to comply with New York Stock Exchange Rule 303A.08. Both of these inducement awards have a three-year vesting period. Information regarding the Company’s stock option plans is summarized below: Shares Weighted Aggregate Outstanding at January 1, 2021 ($17.31) 972,495 $ 16.79 $ — Granted 1,107,505 16.10 Outstanding at December 31, 2021 ($14.39 - $17.31) 2,080,000 $ 16.42 4,072 Granted 250,000 16.33 Outstanding at December 31, 2022 ($14.39 - $20.00) 2,330,000 $ 16.41 — Granted — — Outstanding at December 31, 2023 ($14.39 - $20.00) 2,330,000 $ 16.41 $ — Options exercisable at December 31, 2023 1,846,666 The fair value of each option grant is estimated on the date of grant using the Black-Scholes model. The following assumptions are included in the Company’s fair value calculations of stock options granted during the years ended December 31, 2023, 2022 and 2021: 2022 2021 2021 2021 Expected life (in years) 4.0 4.5 4.6 5.3 Risk-free interest rate 2.77 % 0.79 % 0.71 % 0.94 % Volatility 38.0 % 35.0 % 35.0 % 34.0 % Dividend yield 2.6 % 1.6 % 1.5 % 1.4 % There were no stock options that were exercised under any stock option plans for the years ended December 31, 2023, 2022 and 2021. The Company has a policy of issuing new shares to satisfy stock option exercises. As of December 31, 2023 and 2022, the stock options outstanding had a weighted average remaining contractual life of approximately 3.6 years and 4.6 years, respectively. The Company recognized stock compensation expense related to stock options of $1.7 million, $1.2 million and $844 thousand for the years ended December 31, 2023, 2022 and 2021, respectively. Restricted Stock Awards The Company has issued Restricted Stock Awards ("RSAs") in the form of restricted stock units to non-employee members of the Board of Directors, which allow the holders to each receive shares of the Company’s common stock following a one-year vesting period. Vesting of the RSAs issued is based on time and service. On June 14, 2023, the Company issued RSAs to non-employee members of the Board of Directors, of which 54,184 unvested RSAs were outstanding at December 31, 2023. The Company recognized stock compensation expense related to RSAs of $0.8 million, $0.7 million, and $0.8 million, for the years ended December 31, 2023, 2022 and 2021, respectively. Information regarding the RSAs grant activity is summarized below: Shares Weighted-Average Outstanding at January 1, 2021 52,974 $ 15.29 Granted 39,529 17.71 Vested (52,974) 15.29 Outstanding at December 31, 2021 39,529 $ 17.71 Granted 49,784 14.06 Vested (39,529) 17.71 Outstanding at December 31, 2022 49,784 $ 14.06 Granted 54,184 16.98 Vested (49,784) 14.06 Outstanding at December 31, 2023 54,184 $ 16.98 As of December 31, 2023, the Company had $0.4 million of total unrecognized compensation cost related to unvested RSAs granted under the Company’s stock compensation plans. That cost is expected to be recognized over a weighted average period of 0.5 years. All currently outstanding and unvested RSAs provided to the non-employee members of the Board of Directors were issued under the 2013 Plan. Long-Term Incentive Plan Awards The Company has granted long-term incentive plans awards (“LTIP Awards”) to executive officers, senior management, and certain other employees of the Company. LTIP Awards generally are granted in the form of restricted stock units (each, an “RSU” and collectively, the “RSU LTIP Awards”) and constitute awards under the 2013 Plan. A portion of the RSUs are subject to time-based vesting conditions and will vest over three-year period ("TRSUs"). In April 2022, the General Partner granted 59,707 TRSUs subject to time-vesting conditions, vesting over three years, to three executive officers as “inducement awards” intended to comply with New York Stock Exchange Rule 303A.08. As of December 31, 2023, there are 781,972 TRSUs outstanding and unvested. Another portion of the annual LTIP Awards have market-based vesting conditions ("PRSUs"), and recipients will only earn the full amount of the market-based RSUs if, over the three-year performance period, the General Partner achieves an absolute TSR target and if the General Partner’s relative TSR as compared to a group of peer REITs exceeds certain thresholds. The market-based award targets are determined annually by the compensation committee of the Board of Directors. As of December 31, 2023, there are 853,430 PRSUs outstanding and unvested. In addition, the Company has granted RSUs with a three-year cliff vest subject to the achievement of adjusted funds from operations targets ("OPRSUs"). As of December 31, 2023, there are 660,710 OPRSUs outstanding and unvested. The Company recognized stock compensation expense related to LTIP awards of $13.8 million, $9.9 million, $9.8 million for each of the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, the Company had $9.9 million of total unrecognized compensation cost related to unvested LTIP Awards granted under the Company’s stock compensation plans. That cost is expected to be recognized over a remaining weighted average period of 1.7 years. All currently outstanding and unvested RSU LTIP Awards provided to the officers, senior management and certain other employees were issued under the 2013 Plan. Deferred Stock Compensation Plan For Directors The Amended and Restated Deferred Compensation Plan for Directors, which commenced January 1, 1999, allows non-employee directors of the Company to elect to defer up to 100 percent of their annual retainer fee into deferred stock units. The deferred stock units are convertible into an equal number of shares of common stock upon the directors’ termination of service from the Board of Directors or a change in control of the Company, as defined in the plan. Deferred stock units are credited to each director quarterly using the closing price of the Company’s common stock on the applicable dividend record date for the respective quarter. Each participating director’s account is also credited for an equivalent amount of deferred stock units based on the dividend rate for each quarter. During the years ended December 31, 2023, 2022 and 2021, deferred stock units earned were 25,671, 30,899 and 17,894, respectively. As of December 31, 2023 and 2022, there were 77,975 and 73,071 deferred stock units outstanding, respectively. Pursuant to the retirement of a director from the Board of Directors in May 2023, the Company converted 20,767 deferred stock units into shares of common stock. EARNINGS PER SHARE/UNIT Basic EPS or EPU excludes dilution and is computed by dividing net income available to common shareholders or unitholders by the weighted average number of shares or units outstanding for the period. Diluted EPS or EPU reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. In the calculation of basic and diluted EPS and EPU, a redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders or unitholders is included in the calculation to arrive at the numerator of net income (loss) available to common shareholders or unitholders. The following information presents the Company’s results for the years ended December 31, 2023, 2022 and 2021 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts) : Veris Residential, Inc.: Year Ended December 31, Computation of Basic EPS 2023 2022 2021 Loss from continuing operations after income tax expense $ (157,193) $ (39,534) $ (157,265) Add (deduct): Noncontrolling interests in consolidated joint ventures 2,319 3,079 4,595 Add (deduct): Noncontrolling interests in Operating Partnership 14,267 5,652 16,212 Add (deduct): Redeemable noncontrolling interests (7,618) (25,534) (25,977) Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders (4,516) (5,475) (7,290) Loss from continuing operations available to common shareholders (152,741) (61,812) (169,725) Loss from discontinued operations available to common shareholders 40,960 4,271 43,393 Net loss available to common shareholders for basic earnings per share $ (111,781) $ (57,541) $ (126,332) Weighted average common shares 91,883 91,046 90,839 Basic EPS : Loss from continuing operations available to common shareholders $ (1.66) $ (0.68) $ (1.87) Loss from discontinued operations available to common shareholders 0.44 0.05 0.48 Net loss available to common shareholders $ (1.22) $ (0.63) $ (1.39) Year Ended December 31, Computation of Diluted EPS 2023 2022 2021 Net loss from continuing operations available to common shareholders $ (152,741) $ (61,812) $ (169,725) Add (deduct): Noncontrolling interests in Operating Partnership (14,267) (5,652) (16,212) Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to the Operating Partnership unitholders (461) (548) (726) Loss from continuing operations for diluted earnings per share (167,469) (68,012) (186,663) Loss from discontinued operations for diluted earnings per share 44,832 4,649 47,726 Net loss available for diluted earnings per share $ (122,637) $ (63,363) $ (138,937) Weighted average common shares 100,812 100,265 99,893 Diluted EPS : Loss from continuing operations available to common shareholders $ (1.66) $ (0.68) $ (1.87) Loss from discontinued operations available to common shareholders 0.44 0.05 0.48 Net loss available to common shareholders $ (1.22) $ (0.63) $ (1.39) The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation (in thousands): Year Ended December 31, 2023 2022 2021 Basic EPS Shares 91,883 91,046 90,839 Add: Operating Partnership – common and vested LTIP units 8,929 9,219 9,054 Diluted EPS Shares 100,812 100,265 99,893 Contingently issuable shares under Restricted Stock Awards were excluded from the denominator during all periods presented as such securities were anti-dilutive during the periods. Shares issuable under all outstanding stock options were excluded from the denominator during all periods presented as such securities were anti-dilutive during the periods. Also not included in the computations of diluted EPS were the unvested LTIP Units as such securities were anti-dilutive during all periods presented. Veris Residential, L.P.: Year Ended December 31, Computation of Basic EPU 2023 2022 2021 Loss from continuing operations after income tax expense $ (157,193) $ (39,534) $ (157,265) Add (deduct): Noncontrolling interests in consolidated joint ventures 2,319 3,079 4,595 Add (deduct): Redeemable noncontrolling interests (7,618) (25,534) (25,977) Add (deduct): Redemption value adjustment of redeemable noncontrolling interests (4,977) (6,023) (8,016) Loss from continuing operations available to unitholders (167,469) (68,012) (186,663) Loss from discontinued operations available to unitholders 44,832 4,649 47,726 Net loss available to common unitholders for basic earnings per unit $ (122,637) $ (63,363) $ (138,937) Weighted average common units 100,812 100,265 99,893 Basic EPU : Loss from continuing operations available to unitholders $ (1.66) $ (0.68) $ (1.87) Loss from discontinued operations available to unitholders 0.44 0.05 0.48 Net loss available to common unitholders for basic earnings per unit $ (1.22) $ (0.63) $ (1.39) Year Ended December 31, Computation of Diluted EPU 2023 2022 2021 Net loss from continuing operations available to common unitholders $ (167,469) $ (68,012) $ (186,663) Loss from discontinued operations for diluted earnings per unit 44,832 4,649 47,726 Net loss available to common unitholders for diluted earnings per unit $ (122,637) $ (63,363) $ (138,937) Weighted average common unit 100,812 100,265 99,893 Diluted EPU : Loss from continuing operations available to common unitholders $ (1.66) $ (0.68) $ (1.87) Loss from discontinued operations available to common unitholders 0.44 0.05 0.48 Net loss available to common unitholders $ (1.22) $ (0.63) $ (1.39) The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands) : Year Ended December 31, 2023 2022 2021 Basic EPU Units 100,812 100,265 99,893 Diluted EPU Units 100,812 100,265 99,893 Contingently issuable shares under Restricted Stock Awards were excluded from the denominator during all periods presented as such securities were anti-dilutive during the periods. Shares issuable under all outstanding stock options were excluded from the denominator during all periods presented as such securities were anti-dilutive during the periods. Also not included in the computations of diluted EPU were the unvested LTIP Units as such securities were anti-dilutive during all periods presented.

NONCONTROLLING INTERESTS IN SUB

NONCONTROLLING INTERESTS IN SUBSIDIARIES	12 Months Ended
NONCONTROLLING INTERESTS IN SUBSIDIARIES	Dec. 31, 2023
Noncontrolling Interest [Abstract]
NONCONTROLLING INTERESTS IN SUBSIDIARIES	NONCONTROLLING INTERESTS IN SUBSIDIARIES Noncontrolling interests in subsidiaries in the accompanying consolidated financial statements relate to (i) common units (“Common Units”) and LTIP units in the Operating Partnership, held by parties other than the General Partner (“Limited Partners”), and (ii) interests in consolidated joint ventures for the portion of such ventures not owned by the Company. Pursuant to ASC 810, Consolidation, on the accounting and reporting for noncontrolling interests and changes in ownership interests of a subsidiary, changes in a parent’s ownership interest (and transactions with noncontrolling interests unitholders in the subsidiary) while the parent retains its controlling interest in its subsidiary should be accounted for as equity transactions. The carrying value of the noncontrolling interests shall be adjusted to reflect the change in its ownership interest in the subsidiary, with the offset to equity attributable to the parent. Accordingly, as a result of equity transactions which caused changes in ownership percentages between Veris Residential, Inc. stockholders’ equity and noncontrolling interests in the Operating Partnership that occurred during the year ended December 31, 2023, the Company has increased noncontrolling interests in the Operating Partnership and decreased additional paid-in capital in Veris Residential, Inc. stockholders’ equity by approximately $4.1 million. NONCONTROLLING INTERESTS IN OPERATING PARTNERSHIP (applicable only to General Partner) Common Units During the year ended December 31, 2023, the Company redeemed for cash 9,229 common units at their fair value of $142 thousand. Certain individuals and entities own common units in the Operating Partnership. A common unit and a share of Common Stock of the General Partner have substantially the same economic characteristics in as much as they effectively share equally in the net income or loss of the Operating Partnership. Common unitholders have the right to redeem their common units, subject to certain restrictions. The redemption is required to be satisfied in shares of Common Stock, cash, or a combination thereof, calculated as follows: one share of the General Partner’s Common Stock, or cash equal to the fair market value of a share of the General Partner’s Common Stock at the time of redemption, for each common unit. The General Partner, in its sole discretion, determines the form of redemption of common units (i.e., whether a common unitholder receives Common Stock, cash, or any combination thereof). If the General Partner elects to satisfy the redemption with shares of Common Stock as opposed to cash, it is obligated to issue shares of its Common Stock to the redeeming unitholder. Regardless of the rights described above, the common unitholders may not put their units for cash to the General Partner or the Operating Partnership under any circumstances. When a unitholder redeems a common unit, noncontrolling interests in the Operating Partnership is reduced and Veris Residential, Inc. Stockholders’ equity is increased. LTIP Units From time to time, the Company has granted LTIP awards to executive officers/senior management of the Company. All of the LTIP Awards granted through January 2021 were in the form of units in the Operating Partnership, which were designed to qualify as “profits interests” in the Operating Partnership for federal income tax purposes. As a general matter, the profits interests characteristics of the LTIP Units mean that initially they will not be economically equivalent in value to a common unit. If and when events specified by applicable tax regulations occur, LTIP Units can over time increase in value up to the point where they are equivalent to common units on a one-for-one basis. After LTIP Units are fully vested, and to the extent the special tax rules applicable to profits interests have allowed them to become equivalent in value to common units, LTIP Units may be converted on a one-for-one basis into common units. Common units in turn have a one-for-one relationship in value with shares of the General Partner’s common stock, and are redeemable on a one-for-one basis for cash or, at the election of the Company, shares of the General Partner’s common stock. Unit Transactions The following table sets forth the changes in noncontrolling interests in subsidiaries which relate to the common units and LTIP units in the Operating Partnership for the years ended December 31, 2023, 2022 and 2021: Common Units/ Unvested LTIP Balance at January 1, 2021 9,649,031 1,722,929 Redemption of common units for shares of common stock (175,257) — Redemption of common units (730,850) — Conversion of vested LTIP units to common units 205,434 Vested LTIP units 65,176 (270,610) Issuance of units — 334,449 Cancellation of units — (540,016) Balance at December 31, 2021 9,013,534 1,246,752 Redemption of common units for shares of common stock (11,508) — Redemption of common units (110,084) — Conversion of vested LTIP units to common units 228,579 Vested LTIP units 181,000 (409,579) Cancellation of units — (279,089) Balance at December 31, 2022 9,301,521 558,084 Redemption of common units for shares of common stock (820,540) — Redemption of common units (9,229) — Conversion of vested LTIP units to common units 452,328 — Vested LTIP units (231,519) (220,809) Cancellation of units — (335,392) Balance at December 31, 2023 8,692,561 1,883 Noncontrolling Interests Ownership in Operating Partnership As of December 31, 2023 and 2022, the noncontrolling interests common unit and LTIP units holders owned 8.6 percent and 9.3 percent of the Operating Partnership, respectively. NONCONTROLLING INTERESTS IN CONSOLIDATED JOINT VENTURES (applicable to General Partner and Operating Partnership) The Company consolidates certain joint ventures in which it has ownership interests. Various entities and/or individuals hold noncontrolling interests in these ventures. PARTICIPATION RIGHTS The Company’s interests in a potential future development provides for the initial distributions of net cash flow solely to the Company, and thereafter, other parties have participation rights in 50 percent of the excess net cash flow remaining after the distribution to the Company of the aggregate amount equal to the sum of: (a) the Company’s capital contributions, plus (b) an IRR of 10 percent per annum.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
SEGMENT REPORTING	Dec. 31, 2023
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The Company operates in two business segments: (i) multifamily real estate and services and (ii) commercial and other real estate. The Company provides property management, leasing, acquisition, development, construction and tenant-related services for its multifamily real estate portfolio and commercial and other real estate located in the United States. The Company’s multifamily services business also provides similar services for third parties. The accounting policies of the segments are the same as those described in Note 2: Significant Accounting Policies, excluding depreciation and amortization. The Company evaluates performance based upon net operating income from the combined properties and operations in each of its real estate segments (multifamily real estate and services, and commercial and other real estate). All properties classified as discontinued operations have been excluded. Selected results of operations for the years ended December 31, 2023, 2022 and 2021, and selected asset information as of December 31, 2023 and 2022 regarding the Company’s operating segments are as follows. Amounts for prior periods have been restated to conform to the current period segment reporting presentation (dollars in thousands) : Commercial Multifamily Corporate Total Total revenues: 2023 $ 19,171 $ 259,523 $ 1,165 $ 279,859 2022 2,956 224,733 5,759 233,448 2021 14,936 171,030 8,679 194,645 Total operating and interest expenses (a): 2023 $ 14,267 $ 103,776 $ 187,652 $ 305,695 2022 (1,089) 114,448 123,154 236,513 2021 2,828 108,197 100,584 211,609 Equity in earnings (loss) of unconsolidated joint ventures: 2023 $ — $ 3,102 $ — $ 3,102 2022 — 1,200 — 1,200 2021 (111) (4,139) — (4,250) Net operating income (loss) (b): 2023 $ 4,904 $ 158,849 $ (186,487) $ (22,734) 2022 4,045 111,485 (117,395) (1,865) 2021 11,997 58,694 (91,905) (21,214) Total assets: 2023 $ 97,253 $ 3,119,602 $ 24,191 $ 3,241,046 2022 597,459 3,302,188 21,121 3,920,768 Total long-lived assets (c): 2023 $ 83,785 $ 2,929,884 $ (1,854) $ 3,011,815 2022 547,923 3,101,286 (1,330) 3,647,879 Total investments in unconsolidated joint ventures: 2023 $ — $ 117,954 $ — $ 117,954 2022 — 126,158 — 126,158 (a) Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, transaction-related costs and interest expense, net of interest and other investment income and other income, net. All interest expense, net of interest and other investment income (including for property-level mortgages interests, and interest cost of mandatorily redeemable noncontrolling interests) is included under Corporate & Other for all periods. (b) Net operating income (loss) represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the periods. (c) Long-lived assets are comprised of net investment in rental property and unbilled rents receivable. (d) Segment assets and operations were owned through a consolidated and variable interest entity. (e) Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, interest cost of mandatorily redeemable noncontrolling interests, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals. Veris Residential, Inc. The following schedule reconciles net operating income to net income (loss) available to common shareholders (dollars in thousands) : Year Ended December 31, 2023 2022 2021 Net operating income $ (22,734) $ (1,865) $ (21,214) Add (deduct): Depreciation and amortization (a) (93,589) (85,434) (68,506) Land and other impairments, net (9,324) (9,368) (23,719) Property impairments (32,516) — — Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net — — 3,023 Gain on disposition of developable land 7,068 57,262 2,115 Loss on sale from unconsolidated joint venture interests — — (1,886) Loss from extinguishment of debt, net (5,606) (129) (47,078) Loss from continuing operations before income tax expense (156,701) (39,534) (157,265) Provision for income taxes (492) — — Loss from continuing operations after income tax expense (157,193) (39,534) (157,265) Discontinued operations Income (loss) from discontinued operations 3,150 (64,704) 22,174 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 41,682 69,353 25,552 Total discontinued operations, net 44,832 4,649 47,726 Net loss (112,361) (34,885) (109,539) Noncontrolling interests in consolidated joint ventures 2,319 3,079 4,595 Noncontrolling interests in Operating Partnership of income from continuing operations 14,267 5,652 16,212 Noncontrolling interests in Operating Partnership of income from discontinued operations (3,872) (378) (4,333) Redeemable noncontrolling interests (7,618) (25,534) (25,977) Net loss available to common shareholders $ (107,265) $ (52,066) $ (119,042) (a) Depreciation and amortization included in each segment for the years ending December 31, 2023, 2022 and 2021 is $7.4 million, $3.9 million and $3.0 million for Commercial & Other Real Estate, $85.1 million, $80.6 million and $64.6 million for Multifamily Real Estate & Services, and $1.1 million, $0.9 million and $0.9 million for Corporate & Other, respectively. Veris Residential, L.P. The following schedule reconciles net operating income to net income (loss) available to common unitholders (dollars in thousands) : Year Ended December 31, 2023 2022 2021 Net operating income $ (22,734) $ (1,865) $ (21,214) Add (deduct): Depreciation and amortization (a) (93,589) (85,434) (68,506) Land and other impairments, net (9,324) (9,368) (23,719) Property impairments (32,516) — — Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net — — 3,023 Gain on disposition of developable land 7,068 57,262 2,115 Loss on sale from unconsolidated joint venture interests — — (1,886) Loss from extinguishment of debt, net (5,606) (129) (47,078) Loss from continuing operations before income tax expense (156,701) (39,534) (157,265) Provision for income taxes (492) — — Income (loss) from continuing operations after income tax expense (157,193) (39,534) (157,265) Discontinued operations Income (loss) from discontinued operations 3,150 (64,704) 22,174 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 41,682 69,353 25,552 Total discontinued operations, net 44,832 4,649 47,726 Net loss (112,361) (34,885) (109,539) Noncontrolling interests in consolidated joint ventures 2,319 3,079 4,595 Redeemable noncontrolling interests (7,618) (25,534) (25,977) Net loss available to common unitholders $ (117,660) $ (57,340) $ (130,921) (a) Depreciation and amortization included in each segment for the years ending December 31, 2023, 2022 and 2021 is $7.4 million, $3.9 million and $3.0 million for Commercial & Other Real Estate, $85.1 million, $80.6 million and $64.6 million for Multifamily Real Estate & Services, and $1.1 million, $0.9 million and $0.9 million for Corporate & Other, respectively.

REAL ESTATE INVESTMENTS AND ACC

REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION	12 Months Ended
REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION	Dec. 31, 2023
Real Estate Investments And Accumulated Depreciation	Property Location Property Year Acquired Related Initial Costs Costs Gross Amount at Which Total (d) Accumulated Land Building and Land Building and NEW JERSEY Bergen County Park Ridge The James Multifamily 2022 — 12,047 114,208 584 12,047 114,792 126,839 4,419 Essex County Millburn (Short Hills) The Upton Multifamily 2021 — 74,606 2,850 — 91,960 2,850 91,960 94,810 8,930 Hudson County Jersey City Harborside Plaza 5 Office 2002 2002 6,218 170,682 (8,422) 3,996 164,482 168,478 92,411 Haus25 Multifamily 2022 333,512 53,421 420,959 (384) 53,421 420,575 473,996 21,888 Liberty Towers Multifamily 2003 2019 264,697 66,670 328,347 11,341 66,670 339,688 406,358 38,466 BLVD 475 N/S Multifamily 2011 2017 164,944 58,761 240,871 8,471 58,761 249,342 308,103 49,205 Soho Lofts Multifamily 2017 2019 158,126 27,601 224,039 6,060 27,601 230,099 257,700 32,837 BLVD 425 Multifamily 2003 2018 130,673 48,820 160,740 5,525 48,820 166,265 215,085 27,463 BLVD 401 Multifamily 2016 2019 116,642 36,595 152,440 391 36,595 152,831 189,426 20,555 Weehawken 100 Avenue at Port Imperial Other 2016 2016 — 350 — 30,644 1,958 29,036 30,994 7,053 500 Avenue at Port Imperial Other 2013 2013 31,480 13,099 56,669 (19,213) 13,099 37,456 50,555 9,894 RiverHouse 9 at Port Imperial Multifamily 2021 — 109,221 2,686 — 154,575 2,686 154,575 157,261 11,925 RiverHouse 11 at Port Imperial Multifamily 2018 2018 99,896 22,047 — 112,471 22,047 112,471 134,518 18,946 West New York Port Imperial North Retail Other 2008 2020 — 4,305 8,216 1,123 4,305 9,339 13,644 1,230 Morris County Morris Plains Signature Place Multifamily 2018 2018 42,944 930 — 56,498 930 56,498 57,428 9,528 NEW YORK Westchester County Eastchester Quarry Place at Tuckahoe Multifamily 2016 2016 40,763 5,585 3,400 49,002 5,585 52,402 57,987 11,086 MASSACHUSETTS Middlesex County Malden The Emery at Overlook Ridge Multifamily 2020 2014 71,554 4,115 86,093 10,091 9,104 91,195 100,299 12,150 Suffolk County East Boston Portside at East Pier Multifamily 2015 2016 55,252 — 73,713 861 — 74,574 74,574 19,008 Portside 2 at East Pier Multifamily 2018 2018 96,809 — 37,114 77,324 — 114,438 114,438 19,654 Worcester County Worcester 145 Front at City Square Multifamily 2018 2015 62,778 4,380 — 92,306 4,380 92,306 96,686 16,933 Projects Under Development and Developable Land — 99,644 59,052 — 99,644 59,052 158,696 10,200 Furniture, Fixtures and Equipment — — — 103,613 — 103,613 103,613 TOTALS 1,853,897 470,124 2,136,543 784,821 474,499 2,916,989 3,391,488 (e) 443,781 (a) The aggregate cost for federal income tax purposes at December 31, 2023 was approximately $2.4 billion. (b) Depreciation of buildings and improvements are calculated over lives ranging from the life of the lease to 40 years. (c) These costs are net of impairments and valuation allowances recorded, if any. NOTE TO SCHEDULE III Changes in rental properties and accumulated depreciation for the periods ended December 31, 2023, 2022 and 2021 are as follows: (dollars in thousands) 2023 2022 2021 Rental Properties Balance at beginning of year $ 4,046,122 $ 4,076,866 $ 4,638,643 Additions 25,661 845,900 1,002,342 Sales and assets held-for-sale (608,276) (747,407) (1,522,994) Impairments (72,019) (129,237) (27,547) Retirements/disposals — — (13,578) Balance at end of year $ 3,391,488 $ 4,046,122 $ 4,076,866 Accumulated Depreciation Balance at beginning of year $ 631,910 $ 583,416 $ 656,331 Depreciation expense 94,590 102,476 102,062 Sales and assets held-for-sale (243,217) (28,924) (159,541) Impairments (39,502) (25,058) (1,858) Retirements/disposals — — (13,578) Balance at end of year $ 443,781 $ 631,910 $ 583,416
VERIS RESIDENTIAL, L.P.
Real Estate Investments And Accumulated Depreciation	Property Location Property Year Acquired Related Initial Costs Costs Gross Amount at Which Total (d) Accumulated Land Building and Land Building and NEW JERSEY Bergen County Park Ridge The James Multifamily 2022 — 12,047 114,208 584 12,047 114,792 126,839 4,419 Essex County Millburn (Short Hills) The Upton Multifamily 2021 — 74,606 2,850 — 91,960 2,850 91,960 94,810 8,930 Hudson County Jersey City Harborside Plaza 5 Office 2002 2002 6,218 170,682 (8,422) 3,996 164,482 168,478 92,411 Haus25 Multifamily 2022 333,512 53,421 420,959 (384) 53,421 420,575 473,996 21,888 Liberty Towers Multifamily 2003 2019 264,697 66,670 328,347 11,341 66,670 339,688 406,358 38,466 BLVD 475 N/S Multifamily 2011 2017 164,944 58,761 240,871 8,471 58,761 249,342 308,103 49,205 Soho Lofts Multifamily 2017 2019 158,126 27,601 224,039 6,060 27,601 230,099 257,700 32,837 BLVD 425 Multifamily 2003 2018 130,673 48,820 160,740 5,525 48,820 166,265 215,085 27,463 BLVD 401 Multifamily 2016 2019 116,642 36,595 152,440 391 36,595 152,831 189,426 20,555 Weehawken 100 Avenue at Port Imperial Other 2016 2016 — 350 — 30,644 1,958 29,036 30,994 7,053 500 Avenue at Port Imperial Other 2013 2013 31,480 13,099 56,669 (19,213) 13,099 37,456 50,555 9,894 RiverHouse 9 at Port Imperial Multifamily 2021 — 109,221 2,686 — 154,575 2,686 154,575 157,261 11,925 RiverHouse 11 at Port Imperial Multifamily 2018 2018 99,896 22,047 — 112,471 22,047 112,471 134,518 18,946 West New York Port Imperial North Retail Other 2008 2020 — 4,305 8,216 1,123 4,305 9,339 13,644 1,230 Morris County Morris Plains Signature Place Multifamily 2018 2018 42,944 930 — 56,498 930 56,498 57,428 9,528 NEW YORK Westchester County Eastchester Quarry Place at Tuckahoe Multifamily 2016 2016 40,763 5,585 3,400 49,002 5,585 52,402 57,987 11,086 MASSACHUSETTS Middlesex County Malden The Emery at Overlook Ridge Multifamily 2020 2014 71,554 4,115 86,093 10,091 9,104 91,195 100,299 12,150 Suffolk County East Boston Portside at East Pier Multifamily 2015 2016 55,252 — 73,713 861 — 74,574 74,574 19,008 Portside 2 at East Pier Multifamily 2018 2018 96,809 — 37,114 77,324 — 114,438 114,438 19,654 Worcester County Worcester 145 Front at City Square Multifamily 2018 2015 62,778 4,380 — 92,306 4,380 92,306 96,686 16,933 Projects Under Development and Developable Land — 99,644 59,052 — 99,644 59,052 158,696 10,200 Furniture, Fixtures and Equipment — — — 103,613 — 103,613 103,613 TOTALS 1,853,897 470,124 2,136,543 784,821 474,499 2,916,989 3,391,488 (e) 443,781 (a) The aggregate cost for federal income tax purposes at December 31, 2023 was approximately $2.4 billion. (b) Depreciation of buildings and improvements are calculated over lives ranging from the life of the lease to 40 years. (c) These costs are net of impairments and valuation allowances recorded, if any. NOTE TO SCHEDULE III Changes in rental properties and accumulated depreciation for the periods ended December 31, 2023, 2022 and 2021 are as follows: (dollars in thousands) 2023 2022 2021 Rental Properties Balance at beginning of year $ 4,046,122 $ 4,076,866 $ 4,638,643 Additions 25,661 845,900 1,002,342 Sales and assets held-for-sale (608,276) (747,407) (1,522,994) Impairments (72,019) (129,237) (27,547) Retirements/disposals — — (13,578) Balance at end of year $ 3,391,488 $ 4,046,122 $ 4,076,866 Accumulated Depreciation Balance at beginning of year $ 631,910 $ 583,416 $ 656,331 Depreciation expense 94,590 102,476 102,062 Sales and assets held-for-sale (243,217) (28,924) (159,541) Impairments (39,502) (25,058) (1,858) Retirements/disposals — — (13,578) Balance at end of year $ 443,781 $ 631,910 $ 583,416

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policy)	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policy)	Dec. 31, 2023
Accounting Policies [Abstract]
Rental Property	Rental Property Rental properties are reported at cost less accumulated depreciation and amortization. Costs directly related to the acquisition, development and construction of rental properties are capitalized. Where an acquisition has been determined to be an asset acquisition, acquisition-related transaction costs are capitalized. Capitalized development and construction costs include pre-construction costs essential to the development of the property, development and construction costs, interest, property taxes, insurance, salaries and other project costs incurred during the period of development. Capitalized development and construction salaries and related costs approximated $0.7 million, $1.5 million and $2.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. Ordinary repairs and maintenance are expensed as incurred; major replacements and improvements, which enhance or extend the life of the asset, are capitalized and depreciated over their estimated useful lives. Fully-depreciated assets are removed from the accounts. The Company considers a construction project as substantially completed and held available for occupancy upon the substantial completion of improvements, but no later than one year from cessation of major construction activity (as distinguished from activities such as routine maintenance and cleanup). If portions of a rental project are substantially completed and occupied by tenants or residents, or held available for occupancy, and other portions have not yet reached that stage, the substantially completed portions are accounted for as a separate project. The Company allocates costs incurred between the portions under construction and the portions substantially completed and held available for occupancy, primarily based on a percentage of the relative commercial square footage or multifamily units of each portion, and capitalizes only those costs associated with the portion under construction. Properties are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows: Leasehold interests Remaining lease term Buildings and improvements 5 to 40 years Tenant improvements The shorter of the term of the related lease or useful life Furniture, fixtures and equipment 5 to 10 years Upon acquisition of rental property, the Company estimates the fair value of acquired tangible assets, consisting of land, building and improvements, and identified intangible assets and liabilities assumed, generally consisting of the fair value of (i) above and below-market leases, (ii) in-place leases and (iii) tenant relationships. For asset acquisitions, the Company allocates the purchase price to the assets acquired and liabilities assumed based on their relative fair values. The Company records goodwill or a gain on bargain purchase (if any) if the net assets acquired/liabilities assumed differ from the purchase consideration of a business combination transaction. In estimating the fair value of the tangible and intangible assets acquired, the Company considers information obtained about each property as a result of its due diligence and marketing and leasing activities, and uses various valuation methods, such as estimated cash flow projections utilizing appropriate discount and capitalization rates, estimates of replacement costs net of depreciation, and available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. Above-market and below-market lease values for acquired properties are initially recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the remaining initial term plus the term of any below-market fixed rate renewal options for below-market leases. The capitalized above-market lease values for acquired properties are amortized as a reduction of base rental revenue over the remaining terms of the respective leases, and the capitalized below-market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below-market fixed rate renewal options of the respective leases. Other intangible assets acquired include amounts for in-place lease values, which are based on management’s evaluation of the specific characteristics of each tenant’s lease. Factors to be considered by management in its analysis of in-place lease values include an estimate of carrying costs during hypothetical expected lease-up periods considering current market conditions, and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, management considers leasing commissions, legal and other related expenses. The values of in-place leases are amortized to expense over the remaining initial terms of the respective leases. On a periodic basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period, and general market conditions, that the value of the Company’s rental properties held for use may be impaired. A p
Real Estate Held For Sale And Discontinued Operations	Real Estate Held for Sale and Discontinued Operations The Company generally considers assets (as identified by their disposal groups) to be held for sale when the transaction has received appropriate corporate authority, it is probable that the disposition will occur within one year and there are no significant contingencies relating to a sale. When assets are identified by management as held for sale, the Company discontinues depreciating the assets and estimates the fair value. If the fair value of the assets, less estimated cost to sell, is less than the carrying value of the assets, an adjustment to the carrying value would be recognized and recorded within the Unrealized gains (losses) on disposition of rental property to reflect the estimated fair value of the assets. The Company will continue to review the property for subsequent changes in the fair value, and may recognize an additional impairment charge, if warranted. The Company classifies assets held for sale or sold as discontinued operations if the disposal groups represent a strategic shift that will have a major effect on the Company’s operations and financial results. For any disposals qualifying as discontinued operations, the assets and their results are presented in discontinued operations in the financial statements for all periods presented. See Note 7: Discontinued Operations.
Investments In Unconsolidated Joint Ventures	Investments in Unconsolidated Joint Ventures The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting. The Company applies the equity method by initially recording these investments at cost, as Investments in Unconsolidated Joint Ventures, subsequently adjusted for equity in earnings and cash contributions and distributions. The outside basis portion of the Company’s joint ventures is amortized over the anticipated useful lives of the underlying ventures’ tangible and intangible assets acquired and liabilities assumed. Generally, the Company would discontinue applying the equity method when the investment (and any advances) is reduced to zero and would not provide for additional losses unless the Company has guaranteed obligations of the venture or is otherwise committed to providing further financial support for the investee. If the venture subsequently generates income, the Company only recognizes its share of such income to the extent it exceeds its share of previously unrecognized losses. If the venture subsequently makes distributions and the Company does not have an implied or actual commitment to support the operations of the venture, the Company will not record a basis less than zero, rather such amounts will be recorded as equity in earnings of unconsolidated joint ventures. On a periodic basis, management assesses whether there are any indicators, including the underlying investment property operating performance and general market conditions, that the value of the Company’s investments in unconsolidated joint ventures may be impaired. An investment is impaired only if management’s estimate of the fair value of the investment is less than the carrying value of the investment, and such decline in value is deemed to be other than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying value of the investment over the estimated fair value of the investment. Estimated fair values which are based on discounted cash flow models include all estimated cash inflows and outflows over a specified holding period. Capitalization rates and discount rates utilized in these models are based upon unobservable rates that the Company believes to be within a reasonable range of current market rates.
Cash and Cash Equivalents	Cash and Cash Equivalents
Deferred Financing Costs	Deferred Financing Costs
Deferred Leasing Costs	Deferred Leasing Costs Costs incurred in connection with successfully executed residential and commercial leases are capitalized and amortized on a straight-line basis over the terms of the related leases and included in depreciation and amortization. Unamortized deferred leasing costs are charged to amortization expense upon early termination of the lease.
Goodwill	Goodwill
Derivative Instruments	Derivative Instruments
Revenue Recognition	Revenue Recognition The majority of the Company’s revenue is derived from residential and commercial rental income and other lease income, which are accounted for under ASC 842, Leases. For leases that include rent concessions and/or scheduled fixed and determinable rent increases, revenue from leases is recognized on a straight-line basis over the non-cancellable term of the lease. Unbilled rents receivable represents the cumulative amount by which straight-line rental revenue exceeds rents currently billed in accordance with the lease agreements. Revenue from leases also includes reimbursements and recoveries from commercial tenants for certain costs as provided in the lease agreements. These costs generally include real estate taxes, utilities, insurance, common area maintenance and other recoverable costs. See Note 13: Tenant Leases. The Company elected a practical expedient for its rental properties (as lessor) to avoid separating non-lease components that otherwise would need to be accounted for under ASC 606, Revenue from Contracts with Customers (such as tenant reimbursements of property operating expenses), from the associated lease component since (1) the non-lease components have the same timing and pattern of transfer as the associated lease component and (2) the lease component, if accounted for separately, would be classified as an operating lease. This enables the Company to account for the lease component and non-lease components as an operating lease since the lease component is the predominant component. Real estate services revenue includes property management, development, construction and leasing commission fees and other services, and payroll and related costs reimbursed from unconsolidated joint ventures in which the Company is the managing member. Parking income is comprised of income from parking spaces leased to tenants and others. Other income includes income from tenants for additional services arranged for by the Company and income from tenants for early lease terminations. The Company reviews its accounts receivables related to rental income and other lease income, including straight-line rent receivable, for collectability. The factors considered by management in determining which individual tenant’s revenues are uncollectible include the age of the receivable, the tenant’s payment history, the nature of the charges, any communications regarding the charges and other related information. If a lessee’s accounts receivable balance is considered uncollectible, the Company will write-off the uncollectible receivable balances associated with the lease and will only recognize lease income on a cash basis. The Company includes provision for doubtful accounts as a reduction of corresponding revenue account, in accordance with Topic 842. Ground/Office Leases The Company is the lessee under long-term office and ground leases classified as operating leases. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments under the lease. The Company makes significant assumptions and judgments when determining the discount rate for the lease to calculate the present value of the lease payments. As the rate implicit in the lease is not readily determinable, the Company estimates the incremental borrowing rate (“IBR”) that it would need to pay to borrow, on a collateralized basis, an amount equal to the lease payments in a similar economic environment, over a similar lease term. The Company utilizes a market-based approach to estimate the IBR for each individual lease. The base IBR is estimated utilizing observable mortgage rates, which are then adjusted to account for considerations related to the Company’s credit rating and the lease term to select an incremental borrowing rate for each lease. The lease liabilities and right of use assets are amortized on a straight-line basis over the lease term. See Note 5: Deferred Charges and Other Assets, Net for additional disclosures on the presentation of these amounts in our consolidated balance sheets.
Ground/Office Leases	Ground/Office Leases The Company is the lessee under long-term office and ground leases classified as operating leases. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments under the lease. The Company makes significant assumptions and judgments when determining the discount rate for the lease to calculate the present value of the lease payments. As the rate implicit in the lease is not readily determinable, the Company estimates the incremental borrowing rate (“IBR”) that it would need to pay to borrow, on a collateralized basis, an amount equal to the lease payments in a similar economic environment, over a similar lease term. The Company utilizes a market-based approach to estimate the IBR for each individual lease. The base IBR is estimated utilizing observable mortgage rates, which are then adjusted to account for considerations related to the Company’s credit rating and the lease term to select an incremental borrowing rate for each lease. The lease liabilities and right of use assets are amortized on a straight-line basis over the lease term. See Note 5: Deferred Charges and Other Assets, Net for additional disclosures on the presentation of these amounts in our consolidated balance sheets.
Income and Other Taxes	Income and Other Taxes The General Partner has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “IRS Code”). As a REIT, the General Partner generally will not be subject to corporate federal income tax on net income that it currently distributes to its shareholders, provided that the General Partner satisfies certain organizational and operational requirements including the requirement to distribute at least 90 percent of its REIT taxable income (determined by excluding any net capital gains) to its shareholders. If and to the extent the General Partner retains and does not distribute any net capital gains, the General Partner will be required to pay federal, state and local taxes, as applicable, on such net capital gains at the rate applicable to capital gains of a corporation. The Operating Partnership is a partnership, and, as a result, all income and losses of the partnership are allocated to the partners for inclusion in their respective tax returns. The General Partner has elected to treat certain of its corporate subsidiaries as taxable REIT subsidiaries (each a “TRS”). In general, a TRS may hold certain assets and generate certain income that a REIT could not otherwise hold or generate. A TRS is subject to corporate federal income tax. The General Partner has conducted business through its TRS entities for certain property management, development, construction and other related services, as well as to hold a joint venture interest in a hotel and other matters. The TRS has sold the hotel during the year ended December 31, 2023. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rate is recognized in earnings in the period of the enactment date. The Company’s deferred tax assets/(liabilities) are generally the result of temporary differences between book and tax basis of assets and liabilities, and net operating losses. The deferred tax asset balance at December 31, 2023 and 2022, amounted to $31.1 million and $30.7 million, respectively, which has been fully reserved through a valuation allowance. If the General Partner fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax on its taxable income at regular corporate tax rates. The Company is subject to certain state and local taxes. Pursuant to the amended provisions related to uncertain tax provisions of ASC 740, Income Taxes, the Company recognized no material adjustments regarding its tax accounting treatment. The Company expects to recognize interest and penalties related to uncertain tax positions, if any, as income tax expense, which is included in general and administrative expense. In the normal course of business, the Company or one of its subsidiaries is subject to examination by federal, state and local jurisdictions in which it operates, where applicable. As of December 31, 2023, the Company’s open tax years are from December 31, 2019 forward.
Earnings Per Share or Unit	Earnings Per Share or Unit The Company presents both basic and diluted earnings per share or unit (“EPS or EPU”). Basic EPS or EPU excludes dilution and is computed by dividing net income (loss) available to common shareholders or unitholders by the weighted average number of shares or units outstanding for the period. Diluted EPS or EPU reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower EPS or EPU from continuing operations amount, using the treasury stock method. Shares or units whose issuance is contingent upon the satisfaction of certain conditions shall be considered outstanding and included in the computation of diluted EPS or EPU as follows (i) if all necessary conditions have been satisfied by the end of the period (the events have occurred), those shares or units shall be included as of the beginning of the period in which the conditions were satisfied (or as of the date of the grant, if later) or (ii) if all necessary conditions have not been satisfied by the end of the period, the number of contingently issuable shares or units included in diluted EPS or EPU shall be based on the number of shares or units, if any, that would be issuable if the end of the reporting period were the end of the contingency period (for example, the number of shares or units that would be issuable based on current period earnings or period-end market price) and if the result would be dilutive. Those contingently issuable shares or units shall be included in the denominator of diluted EPS or EPU as of the beginning of the period (or as of the date of the grant, if later).
Dividends and Distributions Payable	Dividends and Distributions Payable As a result of the Company substantially completing its transformation to a pure-play multifamily REIT, as well as the Company’s current estimates of taxable income, the Board of Directors of the General Partner (the "Board of Directors") reinstated a quarterly dividend beginning with the third quarter of 2023. The declaration and payment of dividends and distributions will continue to be determined by the Board of Directors of the General Partner in light of conditions then existing, including the Company’s earnings, cash flows, financial condition, capital requirements, debt maturities, the availability of debt and equity capital, applicable REIT and legal restrictions and the general overall economic conditions and other factors.
Costs Incurred For Stock Issuances	Costs Incurred For Stock Issuances Costs incurred in connection with the Company’s stock issuances are reflected as a reduction of additional paid-in capital.
Stock Compensation	Stock Compensation
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss)
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests The Company accounts for noncontrolling interests in accordance with the FASB’s Distinguishing Liabilities from Equity guidance. Noncontrolling interests represent the portion of equity that the Company does not own in those entities it consolidates. The Company identifies its noncontrolling interests separately within the equity section on the Company’s Consolidated Balance Sheets. The amounts of consolidated net earnings attributable to the Company and to the noncontrolling interests are presented separately on the Company’s Consolidated Statements of Operations.
Fair Value Hierarchy	Fair Value Hierarchy The standard Fair Value Measurements specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). The following summarizes the fair value hierarchy: • Level 1: Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2: Quoted prices for identical assets and liabilities in markets that are inactive, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly, such as interest rates and yield curves that are observable at commonly quoted intervals and • Level 3: Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.
Impact of Recently-Issued Accounting Standards	Impact of Recently-Issued Accounting Standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting—Improvements to Reportable Segment Disclosures ("ASU 2023-07"). The guidance requires incremental disclosures related to a public entity’s reportable segments. ASU 2023-07 is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-07 will have on the Company's consolidated financial statements.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Tables)	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Assets	Properties are depreciated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives are as follows: Leasehold interests Remaining lease term Buildings and improvements 5 to 40 years Tenant improvements The shorter of the term of the related lease or useful life Furniture, fixtures and equipment 5 to 10 years

INVESTMENTS IN RENTAL PROPERTY

INVESTMENTS IN RENTAL PROPERTY (Tables)	12 Months Ended
INVESTMENTS IN RENTAL PROPERTY (Tables)	Dec. 31, 2023
Investments in Rental Properties [Abstract]
Schedule of Real Estate Properties Acquired	During the year ended December 31, 2022, the Company acquired the following rental property (dollars in thousands): Acquisition Date Property Location Property # of Acquisition 7/21/2022 The James (a) Park Ridge, NJ Multifamily 240 $ 130,308 Totals 240 $ 130,308 (a) This acquisition was funded using funds available with the Company's qualified intermediary from prior property sales proceeds and through borrowing under the Company's revolving credit facility.
Schedule of Properties which Commenced Initial Operations	During the year ended December 31, 2022, the following property commenced initial operations ( dollars in thousands ): In Service Property Location Property # of Total Development 04/01/22 Haus25 (a) Jersey City Multifamily 750 $ 485,587 Totals 750 $ 485,587 (a) As of December 31, 2022, all apartment units were in service. The development costs included approximately $53.4 million in land costs. During the year ended December 31, 2021, the following properties commenced initial operations ( dollars in thousands ): In Service Property Location Property # of Total Development 03/01/21 The Upton (a) Short Hills, NJ Multifamily 193 $ 101,269 07/01/21 RiverHouse 9 at Port Imperial (b) Weehawken, NJ Multifamily 313 164,633 Totals 506 $ 265,902 (a) As of December 31, 2021, all apartment units were in service. The development costs included approximately $2.9 million in land costs. (b) As of December 31, 2021, all apartment units were in service. The development costs included approximately $2.7 million in land costs.
Schedule of Real Estate Properties Sold and Disposed	The Company disposed of the following rental property during the year ended December 31, 2023 (dollars in thousands) : Disposition Property Location # of Rentable Property Net Net Discontinued 02/10/23 XS Hotels Weehawken, New Jersey 2 — Hotel $ 93,358 (a) $ 92,578 $ 780 04/04/23 Harborside 1, 2 and 3 Jersey City, New Jersey 3 1,886,800 Office 362,446 362,304 142 09/13/23 Harborside 6 Jersey City, New Jersey 1 231,856 Office 44,145 43,722 423 10/13/23 23 Main Street Holmdel, New Jersey 1 350,000 Office 15,884 (b) 13,372 2,512 Others (c) 2,184 Unrealized gains (losses) on real estate held for sale (3,630) Totals 7 2,468,656 $ 515,833 $ 511,976 $ 2,411 (a) Included proceeds of $84.0 million used to repay the mortgage loan encumbering the property at closing. (b) Included deposits totaling $1.3 million received by the Company in February and August 2023. (c) Others represent reversals of estimated accrued expenses from previously sold rental properties. The Company disposed of the following rental property during the year ended December 31, 2022 (dollars in thousands) : Disposition Property Location # of Rentable Property Net Net Discontinued 01/21/22 111 River Street Hoboken, New Jersey 1 566,215 Office $ 208,268 (a) $ 206,432 $ 1,836 10/07/22 101 Hudson Street Jersey City, New Jersey 1 1,246,283 Office 342,578 (b) 270,198 72,380 Unrealized gains (losses) on real estate held for sale (12,540) Totals 2 1,812,498 $ 550,846 $ 476,630 $ 61,676 (a) The $150 million mortgage loan encumbering the property was repaid at closing, for which the Company incurred costs of $6.3 million. These costs were expensed as loss from extinguishment of debt during the year ended December 31, 2022. (b) The $250 million mortgage loan encumbering the property was assumed by the purchaser at closing, for which the Company incurred costs of $1.0 million. These costs were expensed as loss from extinguishment of debt during the year ended December 31, 2022. The assumed mortgage was a non-cash portion of this sales transaction. The Company disposed of the following rental properties during the year ended December 31, 2021 (dollars in thousands) : Disposition Property Location # of Rentable Property Net Net Realized Discontinued 01/13/21 100 Overlook Center Princeton, New Jersey 1 149,600 Office $ 34,724 (a) $ 26,488 $ — $ 8,236 03/25/21 Metropark portfolio (b) Edison and Iselin, New Jersey 4 926,656 Office 247,351 233,826 — 13,525 04/20/21 Short Hills portfolio (c) Short Hills, New Jersey 4 828,413 Office 248,664 245,800 — 2,864 06/11/21 Red Bank portfolio Red Bank, New Jersey 5 659,490 Office 80,730 78,364 — 2,366 06/30/21 Retail land leases Hanover and Parsippany, New Jersey — — Land Lease 41,958 37,951 4,007 — 07/26/21 7 Giralda Farms Madison, New Jersey 1 236,674 Office 28,182 30,143 — (1,961) 10/20/21 4 Gatehall Drive Parsippany, New Jersey 1 248,480 Office 24,239 23,717 — 522 12/16/21 Retail land lease Unit B Hanover, New Jersey — — Land Lease 5,423 6,407 (984) — Totals 16 3,049,313 $ 711,271 $ 682,696 $ 3,023 $ 25,552 (a) As part of the consideration from the buyer, a related party, 678,302 Common Units were redeemed by the Company at a book value of $10.5 million, which was a non-cash portion of this sales transaction. The balance of the proceeds was received in cash and used to repay the Company's borrowings on its revolving credit facility. See Note 16: Noncontrolling Interests in Subsidiaries - Noncontrolling Interests in Operating Partnership. (b) Includes $10 million of seller financing provided to the buyers of the Metropark portfolio. See Note 5: Deferred charges and other assets, net. (c) The mortgage loan encumbering three of the properties was defeased at closing, for which the Company incurred costs of $22.6 million. These costs were expensed as loss from extinguishment of debt.
Schedule of Disposition of Developable Land	The Company disposed of the following developable land during the year ended December 31, 2023 (dollars in thousands): Disposition Property Location Net Net Realized Discontinued 03/17/23 Columbia-Honeywell Morris Township, New Jersey $ 8,214 (a) $ 8,236 $ (22) $ — 10/12/23 3 Campus Parsippany-Troy Hills, New Jersey 13,248 7,847 5,401 — 10/05/23 Harborside 4 Jersey City, New Jersey 53,656 14,385 — 39,271 Others (b) 1,689 — Totals $ 75,118 $ 30,468 $ 7,068 $ 39,271 (a) Included deposits totaling $1.1 million received by the Company in December 2022 and January 2023. (b) Others represent reversals of estimated accrued expenses from previously sold developable land holdings. The Company disposed of the following developable land during the year ended December 31, 2022 (dollars in thousands): Disposition Property Location Net Net Realized 03/22/22 Palladium residential land West Windsor, New Jersey $ 23,908 $ 24,182 $ (274) 03/22/22 Palladium commercial land West Windsor, New Jersey 4,688 1,791 2,897 04/15/22 Port Imperial Park parcel Weehawken, New Jersey 29,331 29,744 (413) 04/21/22 Urby II/III Jersey City, New Jersey 68,854 13,316 55,538 11/03/22 Port Imperial Parcels 3 & 16 (a) Weehawken, New Jersey 24,885 25,371 (486) Totals $ 151,666 $ 94,404 $ 57,262 (a) Included non-cash expenses of $2.5 million. The Company disposed of the following developable land during the year ended December 31, 2021 (dollars in thousands): Disposition Property Location Net Net Realized 05/24/21 Horizon common area Hamilton, New Jersey $ 745 $ 634 $ 111 12/22/21 346/360 University Ave Newark, New Jersey 4,266 2,262 2,004 Totals $ 5,011 $ 2,896 $ 2,115
Schedule of Assets Held for Sale	The following table summarizes the real estate held for sale, net (dollars in thousands) : Year Ended December 31, 2023 2022 Land $ 59,464 $ 92,843 Building & Other 9,688 142,554 Less: Accumulated depreciation — (28,924) Less: Cumulative unrealized losses on property held for sale (10,544) (12,540) Real estate held for sale, net $ 58,608 $ 193,933

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES (Tables)	12 Months Ended
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES (Tables)	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Unconsolidated Joint Ventures	The following is a summary of the Company's unconsolidated joint ventures as of December 31, 2023 and 2022 (dollars in thousands): Number of Company's Carrying Value Property Debt Entity / Property Name Apartment Units Effective December 31, December 31, Balance Maturity Interest Multifamily Metropolitan and Lofts at 40 Park (b) (c) 189 units 25.00 % $ 908 $ 1,747 $ 57,367 (d) (d) RiverTrace at Port Imperial 316 units 22.50 % 4,506 5,114 82,000 11/10/26 3.21 % The Capstone at Port Imperial 360 units 40.00 % 21,361 23,234 135,000 12/22/24 SOFR+ 1.20 % Riverpark at Harrison 141 units 45.00 % — — 30,192 07/01/35 3.19 % Station House 378 units 50.00 % 32,022 32,372 89,440 07/01/33 4.82 % Urby at Harborside (e) 762 units 85.00 % 57,060 61,594 185,742 08/01/29 5.20 % PI North - Land (b) (f) 829 potential units 20.00 % 1,678 1,678 — — — Other Other (g) 419 419 — — — Totals: $ 117,954 $ 126,158 $ 579,741 (a) Company's effective ownership % represents the Company's entitlement to residual distributions after payments of priority returns, where applicable. (b) The Company's ownership interests in this venture are subordinate to its partner's preferred capital balance and the Company is not expected to meaningfully participate in the venture's cash flows in the near term. (c) Through the joint venture, the Company also owns a 25 percent interest in a 50,973 square feet retail building ("Shops at 40 Park") and a 50 percent interest in a 59-unit, five story multifamily rental property ("Lofts at 40 Park"). (d) Property debt balance consists of: (i) an interest only loan, collateralized by the Metropolitan at 40 Park, with a balance of $34.1 million as of December 31, 2023, bears interest at SOFR +2.85%, matures on October 10, 2024; (ii) an interest only loan, collateralized by the Shops at 40 Park, with a balance of $6.1 million. On January 10, 2023, the loan was modified bearing interest at SOFR +2.00% and matures on January 9, 2025; (iii) an interest only loan, collateralized by the Lofts at 40 Park, with a balance of $17.2 million as of December 31, 2023, which bears interest at SOFR +2.00% and matures on February 1, 2024. In January 2024, the joint venture sold the Lofts at 40 Park property and the proceeds were used to repay the $17.2 million loan. (e) The Company owns an 85 percent interest with shared control over major decisions such as, approval of budgets, property financings and leasing guidelines. The Company formerly guaranteed $22 million of the principal outstanding debt, which on February 1, 2023, the lender released the Company of all obligations under the Guaranty Agreement. (f) The Company owns a 20 percent residual interest in undeveloped land parcels: parcels 6 and I that can accommodate the development of 829 apartment units. (g)
Schedule of Company's Equity In Earnings (Loss) Of Unconsolidated Joint Ventures	The following is a summary of the Company’s equity in earnings (loss) of unconsolidated joint ventures for the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Year Ended December 31, Entity / Property Name 2023 2022 2021 Multifamily Metropolitan and Lofts at 40 Park (a) $ (1,239) $ (674) $ (801) RiverTrace at Port Imperial 546 356 92 The Capstone at Port Imperial (b) (294) (212) (506) Riverpark at Harrison (c) 540 234 (1,153) Station House (299) (722) (1,647) Urby at Harborside 4,110 2,374 (580) PI North - Land (240) (205) (250) Liberty Landing (d) (22) 36 (40) Office 12 Vreeland Road (e) — — 2 Offices at Crystal Lake (f) — — (113) Other Other — 13 746 Company's equity in earnings (loss) of unconsolidated joint ventures (g) $ 3,102 $ 1,200 $ (4,250) (a) On January 12, 2024, the joint venture sold the Lofts at 40 Park property for a net sale proceeds of $12.1 million of which the Company's share is approximately $6 million. (b) The property commenced operations in second quarter 2021. (c) In September 2021, the joint venture agreed to settle certain obligations regarding a previously owned development project, of which the Company’s share of the expense for such settlement was $0.9 million, which was recorded in equity in earnings for this venture in the year ended December 31, 2021. (d) Pursuant to a notice letter to its joint venture partner dated January 6, 2022, the Company intends to not proceed with the acquisition and development of Liberty Landing. (e) On April 29, 2021, the Company sold its interest in the joint venture and realized no gain or loss on the sale. (f) On September 1, 2021, the Company sold its interest in this unconsolidated joint venture to its venture partner for $1.9 million, and realized a loss on the sale of approximately $1.9 million.
Schedule of Equity Method Investment, Summarized Financial Information, Balance Sheet	The following is a summary of the combined financial position of the unconsolidated joint ventures in which the Company had investment interests as of December 31, 2023 and 2022 (dollars in thousands) : December 31, December 31, Assets: Rental Property, net $ 741,932 $ 745,210 Other assets 31,480 39,241 Total assets $ 773,412 $ 784,451 Liabilities and partners'/members' capital: Mortgages and loans payable $ 579,741 $ 587,913 Other liabilities 8,898 15,545 Partners'/members' capital 184,773 180,993 Total liabilities and partners'/members' capital $ 773,412 $ 784,451
Schedule of Equity Method Investment, Summarized Financial Information, Income Statement	The following is a summary of the combined results from operations of the unconsolidated joint ventures for the period in which the Company had investment interests during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Year Ended December 31, 2023 2022 2021 Total revenues $ 94,272 $ 140,637 $ 173,169 Operating and other expenses (36,045) (81,914) (131,709) Depreciation and amortization (22,341) (25,412) (25,095) Interest expense (30,488) (29,777) (27,145) Net income (loss) $ 5,398 $ 3,534 $ (10,780)

DEFERRED CHARGES AND OTHER AS_2

DEFERRED CHARGES AND OTHER ASSETS, NET (Tables)	12 Months Ended
DEFERRED CHARGES AND OTHER ASSETS, NET (Tables)	Dec. 31, 2023
Other Assets [Abstract]
Schedule of Deferred Charges and Other Assets	(dollars in thousands) December 31, December 31, Deferred leasing costs $ 8,324 $ 59,651 Deferred financing costs - revolving credit facility (a) 771 6,684 9,095 66,335 Accumulated amortization (5,063) (30,471) Deferred charges, net 4,032 35,864 Notes receivable (b) 32 1,309 In-place lease values, related intangibles and other assets, net (c)(d) 10,034 12,298 Right of use assets (e) 6,161 2,896 Prepaid expenses and other assets, net 33,697 43,795 Total deferred charges and other assets, net (f) $ 53,956 $ 96,162 (a) Deferred financing costs related to all other debt liabilities (other than for the revolving credit facility) are netted against those debt liabilities for all periods presented. See Note 2: Significant Accounting Policies – Deferred Financing Costs. (b) As of December 31, 2022, balance included an interest-free note receivable with a net present value of $0.2 million which matured in April 2023, and seller-financing of $1.0 million, net of a loan loss allowance of $26.0 thousand, to the buyers of the Metropark portfolio, which matured in May 2023. (c) The Company recognizes rental revenue of acquired above and below market lease intangibles over the terms of the respective leases. The impact of amortizing the acquired above and below-market lease intangibles increased revenue by approximately $0.1 million, $0.2 million and $2.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. The following table summarizes, as of December 31, 2023, the scheduled amortization of the Company’s acquired above and below-market lease intangibles for each of the five succeeding years (dollars in thousands) : Year Acquired Above- Acquired Below- Total 2024 $ (175) $ 93 $ (82) 2025 (162) 64 (98) 2026 (143) 62 (81) 2027 (124) 26 (98) 2028 (121) 15 (106) (d) The value of acquired in-place lease intangibles are amortized to expense over the remaining initial terms of the respective leases. The impact of the amortization of acquired in-place lease values is included in depreciation and amortization expense and amounted to approximately $2.0 million, $1.5 million and $2.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. The following table summarizes, as of December 31, 2023, the scheduled amortization of the Company’s acquired in-place lease values for each of the five succeeding years (dollars in thousands) : Year Acquired In-place Lease Intangibles 2024 $ 310 2025 209 2026 195 2027 127 2028 105 (e) This amount has a corresponding liability of $7.4 million and $3.2 million as of December 31, 2023 and 2022, respectively, which is included in Accounts payable, accrued expense and other liabilities. See Note 12: Commitments and Contingencies – Ground Lease agreements for further details.
Schedule of Scheduled Amortization	The following table summarizes, as of December 31, 2023, the scheduled amortization of the Company’s acquired above and below-market lease intangibles for each of the five succeeding years (dollars in thousands) : Year Acquired Above- Acquired Below- Total 2024 $ (175) $ 93 $ (82) 2025 (162) 64 (98) 2026 (143) 62 (81) 2027 (124) 26 (98) 2028 (121) 15 (106) December 31, 2023, the scheduled amortization of the Company’s acquired in-place lease values for each of the five succeeding years (dollars in thousands) : Year Acquired In-place Lease Intangibles 2024 $ 310 2025 209 2026 195 2027 127 2028 105
Schedule of Fair Value of the Derivative Financial Instruments	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2023 and 2022 (dollars in thousands) : Fair Value Asset Derivatives designated December 31, December 31, Balance sheet location Interest rate caps $ 5,098 $ 9,808 Deferred charges and other assets, net
Schedule of Cash Flow Hedging, Derivative Financial Instruments on the Income Statement	The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Derivatives in Cash Flow Hedging Relationships Amount of Gain or (Loss) Recognized in OCI on Derivative Location of Gain or (Loss) Reclassified Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Total Amount of Interest Expense presented in the Consolidated Statements of Operations Year Ended December 31, 2023 2022 2021 2023 2022 2021 2023 2022 2021 Interest rate caps $ 1,184 $ 5,032 $ 10 Interest expense $ 3,559 $ 666 $ — $ (89,355) $ (66,381) $ (47,505)

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	12 Months Ended
RESTRICTED CASH (Tables)	Dec. 31, 2023
Restricted Cash and Investments [Abstract]
Schedule of Restricted Cash	Restricted cash generally includes resident and tenant security deposits for certain of the Company’s properties, and escrow and reserve funds for debt service, real estate taxes, property insurance, capital improvements, tenant improvements, and leasing costs established pursuant to certain mortgage financing arrangements, and is comprised of the following (dollars in thousands) : December 31, December 31, Security deposits $ 9,996 $ 9,175 Escrow and other reserve funds 16,576 11,692 Total restricted cash $ 26,572 $ 20,867

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
DISCONTINUED OPERATIONS (Tables)	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Income (loss) from Discontinued Operations and Related Realized and Unrealized Gains (Losses)	The following table summarizes income (loss) from discontinued operations and the related realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net, for the years ended December 31, 2023, 2022 and 2021 (dollars in thousands): Year Ended December 31, 2023 2022 2021 Total Revenues $ 21,085 $ 127,541 $ 163,284 Operating and other (expenses) income, net (12,437) (63,157) (83,557) Property impairments — (94,811) (13,467) Depreciation and amortization (5,486) (26,974) (44,086) Loss from extinguishment of debt, net (12) (7,303) — Income (Loss) from discontinued operations 3,150 (64,704) 22,174 Gain on disposition of developable land 39,271 — — Gain on sale of unconsolidated joint venture interests — 7,677 — Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net 2,411 61,676 25,552 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 41,682 69,353 25,552 Total discontinued operations, net $ 44,832 $ 4,649 $ 47,726

MORTGAGES, LOANS PAYABLE AND _2

MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS (Tables)	12 Months Ended
MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Mortgages, Loans Payable And Other Obligations	A summary of the Company’s mortgages, loans payable and other obligations as of December 31, 2023 and 2022 is as follows (dollars in thousands) : Property/Project Name Lender Effective Rate (a) December 31, December 31, Maturity Port Imperial 4/5 Hotel (b) Fifth Third Bank N/A — 84,000 N/A Signature Place Nationwide Life Insurance Company 3.74 % 43,000 43,000 08/01/24 Liberty Towers American General Life Insurance Company 3.37 % 265,000 265,000 10/01/24 Portside 2 at East Pier (c) New York Life Insurance Company 4.56 % 97,000 97,000 03/10/26 BLVD 425 New York Life Insurance Company 4.17 % 131,000 131,000 08/10/26 BLVD 401 New York Life Insurance Company 4.29 % 117,000 117,000 08/10/26 Portside at East Pier (d) KKR SOFR+ 2.75 % 56,500 58,998 09/07/26 The Upton (e) Bank of New York Mellon SOFR+ 1.58 % 75,000 75,000 10/27/26 145 Front at City Square (f) US Bank SOFR+ 1.84 % 63,000 63,000 12/10/26 RiverHouse 9 at Port Imperial (g) JP Morgan SOFR+ 1.41 % 110,000 110,000 06/21/27 Quarry Place at Tuckahoe Natixis Real Estate Capital LLC 4.48 % 41,000 41,000 08/05/27 BLVD 475 N/S The Northwestern Mutual Life Insurance Co. 2.91 % 165,000 165,000 11/10/27 Haus25 (h) Freddie Mac 6.04 % 343,061 297,324 09/01/28 RiverHouse 11 at Port Imperial The Northwestern Mutual Life Insurance Co. 4.52 % 100,000 100,000 01/10/29 Soho Lofts (i) New York Community Bank 3.77 % 158,777 160,000 07/01/29 Port Imperial Garage South American General Life & A/G PC 4.85 % 31,645 32,166 12/01/29 The Emery at Overlook Ridge (j) New York Community Bank 3.21 % 72,000 72,000 01/01/31 Principal balance outstanding 1,868,983 1,911,488 Unamortized deferred financing costs (15,086) (7,511) Total mortgages, loans payable and other obligations, net $ 1,853,897 $ 1,903,977 (a) R eflects effective rate of debt, including deferred financing costs, comprised of the cost of terminated treasury lock agreements (if any), debt initiation costs, mark-to-market adjustment of acquired debt and other transaction costs, as applicable. (b) The loan was paid off on disposition of the hotels on February 10, 2023. (c) The Company has guaranteed 10 percent of the outstanding principal, subject to certain conditions. (d) On August 10, 2023, the Company refinanced the Freddie Mac fixed rate loan. Additionally, a 3-year cap at a strike rate of 3.5% was placed. (e) As of December 31, 2023, an interest-rate cap agreement was in place for this mortgage loan with a strike rate of 1.0%, expiring in October 2024. (f) On September 30, 2023 the Company placed a 9-month SOFR cap at a strike rate of 4.0%. (g) As of December 31, 2023, an interest-rate cap agreement was in place for this mortgage loan, with a strike rate of 3.0%, expiring in June 2024. (h) On August 15, 2023, the $297 million QuadReal Finance backed construction loan was fully repaid and the existing cap was terminated through refinancing activity. (i) Effective rate reflects the fixed rate period, which ends in July 1, 2024. After that period ends, the Company must make a one-time election of how to compute the interest rate for this loan: (a) the floating-rate option, the sum of the highest prime rate as published in the New York Times on each applicable Rate Change Date plus 2.75% annually or (b) the fixed-rate option, the sum of the Five Year Fixed Rate Advance of the Federal Home Loan Bank of New York in effects as of the first business day of the month which is three months prior to the Rate Change Date plus 3.00% annually. (j) Effective rate reflects the fixed rate period, which ends on January 1, 2026. After that period ends, the Company must make a one-time election of how to compute the interest rate for this loan: (a) the floating-rate option, the sum of the highest prime rate as published in the New York Times on each applicable Rate Change Date plus 2.75% annually or (b) the fixed-rate option, the sum of the Five Year Fixed Rate Advance of the Federal Home Loan Bank of New York in effects as of the first business day of the month which is three months prior to the Rate Change Date plus 3.00% annually.
Schedule of Principal Payments	Scheduled principal payments for the Company’s mortgages, loans payable and other obligations as of December 31, 2023 are as follows (dollars in thousands) : Period Scheduled Amortization Principal Maturities Total 2024 $ 6,076 $ 308,000 $ 314,076 2025 9,487 — 9,487 2026 9,651 536,487 546,138 2027 8,158 305,320 313,478 2028 5,331 343,061 348,392 Thereafter 5,574 331,838 337,412 Sub-total 44,277 1,824,706 1,868,983 Unamortized deferred financing costs (15,086) — (15,086) Totals $ 29,191 $ 1,824,706 $ 1,853,897
Schedule of Indebtedness	SUMMARY OF INDEBTEDNESS (dollars in thousands) December 31, December 31, Balance Weighted Average Interest Rate Balance Weighted Average Interest Rate Fixed Rate & Hedged Debt (a) $ 1,853,897 4.34 % $ 1,757,308 4.27 % Revolving Credit Facility & Other Variable Rate Debt — — % 146,669 6.86 % Totals/Weighted Average: $ 1,853,897 4.34 % $ 1,903,977 4.47 % (a) As of December 31, 2023 and 2022, includes debt with interest rate caps outstanding with a notional amount of $304.5 million and $485.0 million, respectively.

DISCLOSURE OF FAIR VALUE OF A_2

DISCLOSURE OF FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
DISCLOSURE OF FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Non-Recurring Basis	The following table presents information about assets for which we recorded an impairment charge and that were measured at fair value on a non-recurring basis: Years Ended December 31, 2023 2022 2021 (dollars in thousands) Fair Value Measurements Impairment Charges Fair Value Measurements Impairment Charges Fair Value Measurements Impairment Charges Investment in Real Estate $ 169,839 $ 45,471 $ 314,512 $ 116,718 $ 421,053 $ 34,241 Goodwill — — — — — 2,945

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Tax Abatement Agreements	Pursuant to agreements with certain municipalities, the Company is required to make payments in lieu of property taxes (“PILOT”) on certain of its properties and has tax abatement agreements on other properties, as follows: PILOT Payments PILOT 2023 2022 2021 Property Name Location Asset Type Expiration Dates (Dollars in Thousands) BLVD 475 (Monaco) (a) Jersey City, NJ Multifamily 2/2021 — — 443 111 River Street (b) Hoboken, NJ Office 4/2022 — — 1,470 Harborside Plaza 4A (c) Jersey City, NJ Office 2/2022 — — 1,057 Harborside Plaza 5 (d) Jersey City, NJ Office 6/2022 — — 4,324 BLVD 401 (Marbella 2) (e) Jersey City, NJ Multifamily 4/2026 1,754 1,692 1,277 RiverHouse 11 at Port Imperial (f) Weehawken, NJ Multifamily 7/2033 1,735 1,514 1,369 Port Imperial 4/5 Hotel (g) Weehawken, NJ Hotel 12/2033 224 2,925 2,925 RiverHouse 9 at Port Imperial (h) Weehawken, NJ Multifamily 6/2046 1,608 1,295 350 Haus25 (i) Jersey City, NJ Mixed-Use 3/2047 2,619 975 — The James (j) Park Ridge, NJ Multifamily 6/2051 714 318 — Total Pilot taxes $ 8,654 $ 8,719 $ 13,215 (a) The annual PILOT is equal to ten percent of Gross Revenues, as defined. (b) The property was disposed of in the first quarter of 2022. (c) The property was disposed of in the third quarter of 2023. (d) The annual PILOT is equal to two percent of Total Project Costs, as defined. The total Project Costs are $170.9 million. (e) The annual PILOT is equal to ten percent of Gross Revenues for years 1-4, 12 percent for years 5-8 and 14 percent for years 9-10, as defined. (f) The annual PILOT is equal to 12 percent of Gross Revenues for years 1-5, 13 percent for years 6-10 and 14 percent for years 11-15, as defined. (g) The annual PILOT is equal to two percent of Total Project Costs, as defined. The property was disposed of during the first quarter of 2023. (h) The annual PILOT is equal to 11 percent of Gross Revenues for years 1-10, 12.5 percent for years 11-18 and 14 percent for years 19-25, as defined. (i) The annual PILOT is equal to seven percent of Gross Revenues, as defined, for a term of 25 years following the substantial completion which occurred in April 2022. (j) The property was acquired in July 2022. For a term of 30 years following substantial completion which occurred in June 2021. The annual PILOT is equal to 10 percent of Gross Revenues for years 1-10, 11.5 percent for years 11-21 and 12.5 percent for years 22-30; as defined.
Schedule of Future Minimum Rental Payments Of Ground Leases	Future minimum rental payments under the terms of all non-cancelable office and ground leases under which the Company is the lessee, as of December 31, 2023, are as follows (dollars in thousands): As of December 31, 2023 Year Amount 2024 $ 1,272 2025 1,279 2026 1,279 2027 1,280 2028 494 2029 through 2101 31,447 Total lease payments 37,051 Less: imputed interest (29,700) Total $ 7,351 As of December 31, 2022 Year Amount 2023 $ 192 2024 192 2025 199 2026 199 2027 200 2028 through 2101 31,664 Total lease payments 32,646 Less: imputed interest (29,418) Total $ 3,228

TENANT LEASES (Tables)

TENANT LEASES (Tables)	12 Months Ended
TENANT LEASES (Tables)	Dec. 31, 2023
Leases [Abstract]
Schedule of Future Minimum Rentals to be Received under Non-Cancelable Operating Leases	Future minimum rentals to be received under non-cancelable commercial operating leases (excluding properties classified as discontinued operations) at December 31, 2023 and 2022 are as follows (dollars in thousands) : As of December 31, 2023 Year Amount 2024 $ 12,231 2025 10,952 2026 8,822 2027 5,748 2028 2,113 2029 and thereafter 5,706 Total $ 45,572 As of December 31, 2022 Year Amount 2023 $ 14,798 2024 12,231 2025 10,952 2026 8,822 2027 5,748 2028 and thereafter 7,819 Total $ 60,370

REDEEMABLE NONCONTROLLING INT_2

REDEEMABLE NONCONTROLLING INTERESTS (Tables)	12 Months Ended
REDEEMABLE NONCONTROLLING INTERESTS (Tables)	Dec. 31, 2023
Temporary Equity Disclosure [Abstract]
Schedule of Preferred Units	The key terms of the Preferred Units are summarized as follows: Series A Preferred Units Series A-1 Preferred Units Issuance date February 2017 February and April, 2017 Number of units issued 42,800 9,213 Stated value per unit $1,000 $1,000 Annual dividend rate paid quarterly 3.50 % (a) Conversion rate 28.15 27.936 Conversion value per unit $35.52 $35.80 Maximum common unit conversion 1,204,820 257,375 (a) Series A-1 Preferred Units pay dividends quarterly at an annual rate equal to the greater of (x) 3.50 percent, or (y) the then-effective annual dividend yield on the General Partner’s common stock.
Schedule of Changes in the Value of the Redeemable Noncontrolling Interests	The following tables set forth the changes in Mandatorily redeemable noncontrolling interests for the year ended December 31, 2023 (dollars in thousands) : Rockpoint Balance at April 5, 2023 $ — Reclassification from Redeemable Non-controlling Interests 479,977 Income Attributed to Noncontrolling Interests 7,365 Distributions (9,371) Redemption Value Adjustment 42,417 Redemption (520,388) Balance at December 31, 2023 $ — The following tables set forth the changes in Redeemable noncontrolling interests within the mezzanine equity section for the years ended December 31, 2023 and 2022 (dollars in thousands) : Series A and A-1 Preferred Units In VRLP Rockpoint Interests in VRT Total Redeemable Noncontrolling Interests Balance at January 1, 2023 $ 40,231 $ 475,000 $ 515,231 Redeemable Noncontrolling Interests Redemption (15,100) — (15,100) Net 25,131 475,000 500,131 Income Attributed to Noncontrolling Interests 1,336 6,282 7,618 Distributions (1,468) (6,282) (7,750) Redemption Value Adjustment — 4,977 4,977 Reclassification to Mandatorily Redeemable Non-controlling Interests — (479,977) (479,977) Balance at December 31, 2023 $ 24,999 $ — $ 24,999 Series A and A-1 Preferred Units In VRLP Rockpoint Interests in VRT Total Redeemable Noncontrolling Interests Balance at January 1, 2022 $ 52,324 $ 468,989 $ 521,313 Redeemable Noncontrolling Interests Redemption (12,000) — (12,000) Net 40,324 468,989 509,313 Income Attributed to Noncontrolling Interests 1,471 24,063 25,534 Distributions (1,564) (24,063) (25,627) Redemption Value Adjustment — 6,011 6,011 Balance at December 31, 2022 $ 40,231 $ 475,000 $ 515,231

VERIS RESIDENTIAL, INC. STOCK_2

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Schedule of Stock Option Plans	Information regarding the Company’s stock option plans is summarized below: Shares Weighted Aggregate Outstanding at January 1, 2021 ($17.31) 972,495 $ 16.79 $ — Granted 1,107,505 16.10 Outstanding at December 31, 2021 ($14.39 - $17.31) 2,080,000 $ 16.42 4,072 Granted 250,000 16.33 Outstanding at December 31, 2022 ($14.39 - $20.00) 2,330,000 $ 16.41 — Granted — — Outstanding at December 31, 2023 ($14.39 - $20.00) 2,330,000 $ 16.41 $ — Options exercisable at December 31, 2023 1,846,666
Schedule of Weighted Average Assumptions	The following assumptions are included in the Company’s fair value calculations of stock options granted during the years ended December 31, 2023, 2022 and 2021: 2022 2021 2021 2021 Expected life (in years) 4.0 4.5 4.6 5.3 Risk-free interest rate 2.77 % 0.79 % 0.71 % 0.94 % Volatility 38.0 % 35.0 % 35.0 % 34.0 % Dividend yield 2.6 % 1.6 % 1.5 % 1.4 %
Schedule of Restricted Stock Awards	Information regarding the RSAs grant activity is summarized below: Shares Weighted-Average Outstanding at January 1, 2021 52,974 $ 15.29 Granted 39,529 17.71 Vested (52,974) 15.29 Outstanding at December 31, 2021 39,529 $ 17.71 Granted 49,784 14.06 Vested (39,529) 17.71 Outstanding at December 31, 2022 49,784 $ 14.06 Granted 54,184 16.98 Vested (49,784) 14.06 Outstanding at December 31, 2023 54,184 $ 16.98
Schedule of Reconciliation of Shares Used in Basic EPS Calculation to Shares Used in Diluted EPS Calculation	The following information presents the Company’s results for the years ended December 31, 2023, 2022 and 2021 in accordance with ASC 260, Earnings Per Share (dollars in thousands, except per share amounts) : Veris Residential, Inc.: Year Ended December 31, Computation of Basic EPS 2023 2022 2021 Loss from continuing operations after income tax expense $ (157,193) $ (39,534) $ (157,265) Add (deduct): Noncontrolling interests in consolidated joint ventures 2,319 3,079 4,595 Add (deduct): Noncontrolling interests in Operating Partnership 14,267 5,652 16,212 Add (deduct): Redeemable noncontrolling interests (7,618) (25,534) (25,977) Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders (4,516) (5,475) (7,290) Loss from continuing operations available to common shareholders (152,741) (61,812) (169,725) Loss from discontinued operations available to common shareholders 40,960 4,271 43,393 Net loss available to common shareholders for basic earnings per share $ (111,781) $ (57,541) $ (126,332) Weighted average common shares 91,883 91,046 90,839 Basic EPS : Loss from continuing operations available to common shareholders $ (1.66) $ (0.68) $ (1.87) Loss from discontinued operations available to common shareholders 0.44 0.05 0.48 Net loss available to common shareholders $ (1.22) $ (0.63) $ (1.39) Year Ended December 31, Computation of Diluted EPS 2023 2022 2021 Net loss from continuing operations available to common shareholders $ (152,741) $ (61,812) $ (169,725) Add (deduct): Noncontrolling interests in Operating Partnership (14,267) (5,652) (16,212) Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to the Operating Partnership unitholders (461) (548) (726) Loss from continuing operations for diluted earnings per share (167,469) (68,012) (186,663) Loss from discontinued operations for diluted earnings per share 44,832 4,649 47,726 Net loss available for diluted earnings per share $ (122,637) $ (63,363) $ (138,937) Weighted average common shares 100,812 100,265 99,893 Diluted EPS : Loss from continuing operations available to common shareholders $ (1.66) $ (0.68) $ (1.87) Loss from discontinued operations available to common shareholders 0.44 0.05 0.48 Net loss available to common shareholders $ (1.22) $ (0.63) $ (1.39) The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation (in thousands): Year Ended December 31, 2023 2022 2021 Basic EPS Shares 91,883 91,046 90,839 Add: Operating Partnership – common and vested LTIP units 8,929 9,219 9,054 Diluted EPS Shares 100,812 100,265 99,893 Year Ended December 31, Computation of Basic EPU 2023 2022 2021 Loss from continuing operations after income tax expense $ (157,193) $ (39,534) $ (157,265) Add (deduct): Noncontrolling interests in consolidated joint ventures 2,319 3,079 4,595 Add (deduct): Redeemable noncontrolling interests (7,618) (25,534) (25,977) Add (deduct): Redemption value adjustment of redeemable noncontrolling interests (4,977) (6,023) (8,016) Loss from continuing operations available to unitholders (167,469) (68,012) (186,663) Loss from discontinued operations available to unitholders 44,832 4,649 47,726 Net loss available to common unitholders for basic earnings per unit $ (122,637) $ (63,363) $ (138,937) Weighted average common units 100,812 100,265 99,893 Basic EPU : Loss from continuing operations available to unitholders $ (1.66) $ (0.68) $ (1.87) Loss from discontinued operations available to unitholders 0.44 0.05 0.48 Net loss available to common unitholders for basic earnings per unit $ (1.22) $ (0.63) $ (1.39) Year Ended December 31, Computation of Diluted EPU 2023 2022 2021 Net loss from continuing operations available to common unitholders $ (167,469) $ (68,012) $ (186,663) Loss from discontinued operations for diluted earnings per unit 44,832 4,649 47,726 Net loss available to common unitholders for diluted earnings per unit $ (122,637) $ (63,363) $ (138,937) Weighted average common unit 100,812 100,265 99,893 Diluted EPU : Loss from continuing operations available to common unitholders $ (1.66) $ (0.68) $ (1.87) Loss from discontinued operations available to common unitholders 0.44 0.05 0.48 Net loss available to common unitholders $ (1.22) $ (0.63) $ (1.39) The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands) : Year Ended December 31, 2023 2022 2021 Basic EPU Units 100,812 100,265 99,893 Diluted EPU Units 100,812 100,265 99,893

NONCONTROLLING INTERESTS IN S_2

NONCONTROLLING INTERESTS IN SUBSIDIARIES (Tables)	12 Months Ended
NONCONTROLLING INTERESTS IN SUBSIDIARIES (Tables)	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Schedule of Changes in Noncontrolling Interests of Subsidiaries	The following table sets forth the changes in noncontrolling interests in subsidiaries which relate to the common units and LTIP units in the Operating Partnership for the years ended December 31, 2023, 2022 and 2021: Common Units/ Unvested LTIP Balance at January 1, 2021 9,649,031 1,722,929 Redemption of common units for shares of common stock (175,257) — Redemption of common units (730,850) — Conversion of vested LTIP units to common units 205,434 Vested LTIP units 65,176 (270,610) Issuance of units — 334,449 Cancellation of units — (540,016) Balance at December 31, 2021 9,013,534 1,246,752 Redemption of common units for shares of common stock (11,508) — Redemption of common units (110,084) — Conversion of vested LTIP units to common units 228,579 Vested LTIP units 181,000 (409,579) Cancellation of units — (279,089) Balance at December 31, 2022 9,301,521 558,084 Redemption of common units for shares of common stock (820,540) — Redemption of common units (9,229) — Conversion of vested LTIP units to common units 452,328 — Vested LTIP units (231,519) (220,809) Cancellation of units — (335,392) Balance at December 31, 2023 8,692,561 1,883

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
SEGMENT REPORTING (Tables)	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Selected Results of Operations and Asset Information	The Company evaluates performance based upon net operating income from the combined properties and operations in each of its real estate segments (multifamily real estate and services, and commercial and other real estate). All properties classified as discontinued operations have been excluded. Selected results of operations for the years ended December 31, 2023, 2022 and 2021, and selected asset information as of December 31, 2023 and 2022 regarding the Company’s operating segments are as follows. Amounts for prior periods have been restated to conform to the current period segment reporting presentation (dollars in thousands) : Commercial Multifamily Corporate Total Total revenues: 2023 $ 19,171 $ 259,523 $ 1,165 $ 279,859 2022 2,956 224,733 5,759 233,448 2021 14,936 171,030 8,679 194,645 Total operating and interest expenses (a): 2023 $ 14,267 $ 103,776 $ 187,652 $ 305,695 2022 (1,089) 114,448 123,154 236,513 2021 2,828 108,197 100,584 211,609 Equity in earnings (loss) of unconsolidated joint ventures: 2023 $ — $ 3,102 $ — $ 3,102 2022 — 1,200 — 1,200 2021 (111) (4,139) — (4,250) Net operating income (loss) (b): 2023 $ 4,904 $ 158,849 $ (186,487) $ (22,734) 2022 4,045 111,485 (117,395) (1,865) 2021 11,997 58,694 (91,905) (21,214) Total assets: 2023 $ 97,253 $ 3,119,602 $ 24,191 $ 3,241,046 2022 597,459 3,302,188 21,121 3,920,768 Total long-lived assets (c): 2023 $ 83,785 $ 2,929,884 $ (1,854) $ 3,011,815 2022 547,923 3,101,286 (1,330) 3,647,879 Total investments in unconsolidated joint ventures: 2023 $ — $ 117,954 $ — $ 117,954 2022 — 126,158 — 126,158 (a) Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, transaction-related costs and interest expense, net of interest and other investment income and other income, net. All interest expense, net of interest and other investment income (including for property-level mortgages interests, and interest cost of mandatorily redeemable noncontrolling interests) is included under Corporate & Other for all periods. (b) Net operating income (loss) represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the periods. (c) Long-lived assets are comprised of net investment in rental property and unbilled rents receivable. (d) Segment assets and operations were owned through a consolidated and variable interest entity. (e) Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, interest cost of mandatorily redeemable noncontrolling interests, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
Schedule of Reconciliation of Net Operating Income to Net Income Available to Common Shareholders	The following schedule reconciles net operating income to net income (loss) available to common shareholders (dollars in thousands) : Year Ended December 31, 2023 2022 2021 Net operating income $ (22,734) $ (1,865) $ (21,214) Add (deduct): Depreciation and amortization (a) (93,589) (85,434) (68,506) Land and other impairments, net (9,324) (9,368) (23,719) Property impairments (32,516) — — Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net — — 3,023 Gain on disposition of developable land 7,068 57,262 2,115 Loss on sale from unconsolidated joint venture interests — — (1,886) Loss from extinguishment of debt, net (5,606) (129) (47,078) Loss from continuing operations before income tax expense (156,701) (39,534) (157,265) Provision for income taxes (492) — — Loss from continuing operations after income tax expense (157,193) (39,534) (157,265) Discontinued operations Income (loss) from discontinued operations 3,150 (64,704) 22,174 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 41,682 69,353 25,552 Total discontinued operations, net 44,832 4,649 47,726 Net loss (112,361) (34,885) (109,539) Noncontrolling interests in consolidated joint ventures 2,319 3,079 4,595 Noncontrolling interests in Operating Partnership of income from continuing operations 14,267 5,652 16,212 Noncontrolling interests in Operating Partnership of income from discontinued operations (3,872) (378) (4,333) Redeemable noncontrolling interests (7,618) (25,534) (25,977) Net loss available to common shareholders $ (107,265) $ (52,066) $ (119,042) (a) Depreciation and amortization included in each segment for the years ending December 31, 2023, 2022 and 2021 is $7.4 million, $3.9 million and $3.0 million for Commercial & Other Real Estate, $85.1 million, $80.6 million and $64.6 million for Multifamily Real Estate & Services, and $1.1 million, $0.9 million and $0.9 million for Corporate & Other, respectively. The following schedule reconciles net operating income to net income (loss) available to common unitholders (dollars in thousands) : Year Ended December 31, 2023 2022 2021 Net operating income $ (22,734) $ (1,865) $ (21,214) Add (deduct): Depreciation and amortization (a) (93,589) (85,434) (68,506) Land and other impairments, net (9,324) (9,368) (23,719) Property impairments (32,516) — — Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net — — 3,023 Gain on disposition of developable land 7,068 57,262 2,115 Loss on sale from unconsolidated joint venture interests — — (1,886) Loss from extinguishment of debt, net (5,606) (129) (47,078) Loss from continuing operations before income tax expense (156,701) (39,534) (157,265) Provision for income taxes (492) — — Income (loss) from continuing operations after income tax expense (157,193) (39,534) (157,265) Discontinued operations Income (loss) from discontinued operations 3,150 (64,704) 22,174 Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 41,682 69,353 25,552 Total discontinued operations, net 44,832 4,649 47,726 Net loss (112,361) (34,885) (109,539) Noncontrolling interests in consolidated joint ventures 2,319 3,079 4,595 Redeemable noncontrolling interests (7,618) (25,534) (25,977) Net loss available to common unitholders $ (117,660) $ (57,340) $ (130,921) (a) Depreciation and amortization included in each segment for the years ending December 31, 2023, 2022 and 2021 is $7.4 million, $3.9 million and $3.0 million for Commercial & Other Real Estate, $85.1 million, $80.6 million and $64.6 million for Multifamily Real Estate & Services, and $1.1 million, $0.9 million and $0.9 million for Corporate & Other, respectively.

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Real Estate Properties [Line Items]
Percentage of ownership interest	91.40%	90.70%
Consolidated joint ventures, total real estate assets \| $	$ 449,800	$ 468,100
Consolidated joint ventures, other assets \| $	6,700	6,000
Consolidated joint ventures, mortgages \| $	285,200	285,500
Consolidated joint ventures, other liabilities \| $	14,700	17,300
General and administrative \| $	44,472	56,014	$ 56,977
Operating services \| $	57,925	$ 52,797	$ 45,460
Revision of Prior Period, Adjustment
Real Estate Properties [Line Items]
General and administrative \| $	2,900
Operating services \| $	$ 600
Multi-Family Properties
Real Estate Properties [Line Items]
Number of properties	24
Office
Real Estate Properties [Line Items]
Number of properties	1
Parking/Retail
Real Estate Properties [Line Items]
Number of properties	4
Company Controlled Properties
Real Estate Properties [Line Items]
Number of properties	21
Multi-Family Properties, Company Controlled
Real Estate Properties [Line Items]
Number of properties	17
Non-Core Assets
Real Estate Properties [Line Items]
Number of properties	4
Non-Core Assets \| Unconsolidated Properties
Real Estate Properties [Line Items]
Number of properties	1
Investment Properties \| Unconsolidated Properties
Real Estate Properties [Line Items]
Number of properties	8
Multi-Family Properties, Investment \| Unconsolidated Properties
Real Estate Properties [Line Items]
Number of properties	7

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($)				12 Months Ended
	Dec. 18, 2023	Oct. 10, 2023	Jul. 24, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Significant Accounting Policies [Line Items]
Capitalized development and construction salaries and other related costs				$ 700,000	$ 1,500,000	$ 2,400,000
Maximum period after cessation of major construction activity that projects are considered complete				1 year
Threshold of investment value for discontinuation of equity method accounting				$ 0
Amortization of deferred financing costs				4,400,000	4,800,000	4,600,000
Losses on extinguishment of debt, including discontinued operations				5,600,000	7,400,000	47,100,000
Goodwill						2,900,000
Goodwill impairment						2,900,000
Valuation allowance				31,100,000	30,700,000
Income taxes, material adjustment amount				0
Dividends declared per common share (in dollars per share)	$ 0.0525		$ 0.05
Dividends payable				$ 5,540,000	110,000
Dividends paid per common share (in dollars per share)		$ 0.05		$ 0.05
Return of capital (percentage)				100%
Stock compensation expense				$ 19,900,000	13,800,000	$ 10,800,000
VERIS RESIDENTIAL, L.P.
Significant Accounting Policies [Line Items]
Dividends payable				$ 5,540,000	$ 110,000

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Lives of Assets (Details)	Dec. 31, 2023
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Minimum \| Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	40 years
Maximum \| Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	10 years

INVESTMENTS IN RENTAL PROPERT_2

INVESTMENTS IN RENTAL PROPERTY - Schedule of Real Estate Properties Acquired (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) apartmentUnit
Business Acquisition [Line Items]
Number of Apartment Units \| apartmentUnit	240
Acquisition Cost \| $	$ 130,308
Multifamily Unit, Park Ridge, NJ
Business Acquisition [Line Items]
Number of Apartment Units \| apartmentUnit	240
Acquisition Cost \| $	$ 130,308

INVESTMENTS IN RENTAL PROPERTY-

INVESTMENTS IN RENTAL PROPERTY- Schedule of Properties Which Commenced Initial Operations (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) apartmentUnit	Dec. 31, 2021 USD ($) apartmentUnit
Real Estate Properties [Line Items]
Number of apartment units \| apartmentUnit	750	506
Total Development Costs Incurred	$ 485,587	$ 265,902
Haus 25
Real Estate Properties [Line Items]
Number of apartment units \| apartmentUnit	750
Total Development Costs Incurred	$ 485,587
Haus 25 \| Land
Real Estate Properties [Line Items]
Total Development Costs Incurred	$ 53,400
The Upton
Real Estate Properties [Line Items]
Number of apartment units \| apartmentUnit		193
Total Development Costs Incurred		$ 101,269
The Upton \| Land
Real Estate Properties [Line Items]
Total Development Costs Incurred		$ 2,900
RiverHouse 9 at Port Imperial
Real Estate Properties [Line Items]
Number of apartment units \| apartmentUnit		313
Total Development Costs Incurred		$ 164,633
RiverHouse 9 at Port Imperial \| Land
Real Estate Properties [Line Items]
Total Development Costs Incurred		$ 2,700

INVESTMENTS IN RENTAL PROPERT_3

INVESTMENTS IN RENTAL PROPERTY - Narrative (Details) $ in Thousands, ft² in Millions				1 Months Ended	12 Months Ended
	Nov. 30, 2022 USD ($)	Sep. 01, 2021 USD ($)	Apr. 29, 2021 USD ($)	Jan. 31, 2024 USD ($)	Dec. 31, 2022 USD ($) ft² apartmentUnit	Dec. 31, 2021 USD ($)
Real Estate Properties [Line Items]
Development costs					$ 485,587	$ 265,902
Held-for-sale
Real Estate Properties [Line Items]
Rental property held-for-sale, net					400
Other assets					400
Office \| Hyatt Regency Hotel
Real Estate Properties [Line Items]
Sale price	$ 117,000
Gain on sale of investments					$ 7,700
Office \| Offices At Crystal Lake
Real Estate Properties [Line Items]
Sale price		$ 1,900
Loss on sale of investments						(1,900)
Office \| 12 Vreeland Road
Real Estate Properties [Line Items]
Sale price			$ 2,000
Gain (loss) on transaction			$ 0
Parsippany, New Jersey \| Land
Real Estate Properties [Line Items]
Development costs						$ 5,100
Jersey City, and Parsippany, New Jersey \| Subsequent Event
Real Estate Properties [Line Items]
Proceeds from sale of properties				$ 10,200
Jersey City, Holmdel, Parsippany, Morris Township, Wall and Weehawken, New Jersey \| Office \| Held-for-sale
Real Estate Properties [Line Items]
Area of property (in square feet) \| ft²					0.4
Jersey City, Holmdel, Parsippany, Morris Township, Wall and Weehawken, New Jersey \| Hotels \| Held-for-sale
Real Estate Properties [Line Items]
Number of real estate properties, unrecoverable \| apartmentUnit					2

INVESTMENTS IN RENTAL PROPERT_4

INVESTMENTS IN RENTAL PROPERTY - Schedule of Disposed Properties (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) ft² building shares	Dec. 31, 2022 USD ($) ft² building	Dec. 31, 2021 USD ($) ft² building shares
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from extinguishment of debt, net	$ (5,606)	$ (129)	$ (47,078)
Redemption of limited partners common units (in shares) \| shares	9,229
111 River Street
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from extinguishment of debt		150,000
Loss from extinguishment of debt, net		6,300
101 Hudson Street
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from extinguishment of debt		250,000
Loss from extinguishment of debt, net		$ 1,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building	7	2	16
Area of property (in square feet) \| ft²	2,468,656,000	1,812,498,000	3,049,313
Net Sales Proceeds	$ 515,833	$ 550,846	$ 711,271
Net Carrying Value	$ 511,976	$ 476,630	682,696
Realized Gains (Losses)/ Unrealized Losses, net			$ 3,023
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| XS Hotels
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building	2
Area of property (in square feet) \| ft²	0
Net Sales Proceeds	$ 93,358
Net Carrying Value	92,578
Loss from extinguishment of debt	$ 84,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Harborside 1, 2 and 3
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building	3
Area of property (in square feet) \| ft²	1,886,800,000
Net Sales Proceeds	$ 362,446
Net Carrying Value	$ 362,304
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Harborside 6
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building	1
Area of property (in square feet) \| ft²	231,856,000
Net Sales Proceeds	$ 44,145
Net Carrying Value	$ 43,722
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| 23 Main Street
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building	1
Area of property (in square feet) \| ft²	350,000,000
Net Sales Proceeds	$ 15,884
Net Carrying Value	13,372
Deposits received	1,300
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| 111 River Street
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building		1
Area of property (in square feet) \| ft²		566,215,000
Net Sales Proceeds		$ 208,268
Net Carrying Value		$ 206,432
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| 101 Hudson Street
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building		1
Area of property (in square feet) \| ft²		1,246,283,000
Net Sales Proceeds		$ 342,578
Net Carrying Value		270,198
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| 100 Overlook Center
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building			1
Area of property (in square feet) \| ft²			149,600
Net Sales Proceeds			$ 34,724
Net Carrying Value			26,488
Realized Gains (Losses)/ Unrealized Losses, net			$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Metropark Portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building			4
Area of property (in square feet) \| ft²			926,656
Net Sales Proceeds			$ 247,351
Net Carrying Value			233,826
Realized Gains (Losses)/ Unrealized Losses, net			$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Short Hills Portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building			4
Area of property (in square feet) \| ft²			828,413
Net Sales Proceeds			$ 248,664
Net Carrying Value			245,800
Realized Gains (Losses)/ Unrealized Losses, net			$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Red Bank portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building			5
Area of property (in square feet) \| ft²			659,490
Net Sales Proceeds			$ 80,730
Net Carrying Value			78,364
Realized Gains (Losses)/ Unrealized Losses, net			$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Retail land leases
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building			0
Area of property (in square feet) \| ft²			0
Net Sales Proceeds			$ 41,958
Net Carrying Value			37,951
Realized Gains (Losses)/ Unrealized Losses, net			$ 4,007
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| 7 Giralda Farms
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building			1
Area of property (in square feet) \| ft²			236,674
Net Sales Proceeds			$ 28,182
Net Carrying Value			30,143
Realized Gains (Losses)/ Unrealized Losses, net			$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| 4 Gatehall Drive
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building			1
Area of property (in square feet) \| ft²			248,480
Net Sales Proceeds			$ 24,239
Net Carrying Value			23,717
Realized Gains (Losses)/ Unrealized Losses, net			$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Retail land lease Unit B
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings on properties sold \| building			0
Area of property (in square feet) \| ft²			0
Net Sales Proceeds			$ 5,423
Net Carrying Value			6,407
Realized Gains (Losses)/ Unrealized Losses, net			(984)
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	2,411	61,676	25,552
Disposed of by Sale \| XS Hotels
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	780
Disposed of by Sale \| Harborside 1, 2 and 3
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	142
Disposed of by Sale \| Harborside 6
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	423
Disposed of by Sale \| 23 Main Street
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	2,512
Disposed of by Sale \| Other Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	2,184
Disposed of by Sale \| Unrealized gains (losses) on real estate held for sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	$ (3,630)	(12,540)
Disposed of by Sale \| 111 River Street
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net		1,836
Disposed of by Sale \| 101 Hudson Street
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net		$ 72,380
Disposed of by Sale \| 100 Overlook Center
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net			8,236
Disposed of by Sale \| Metropark Portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net			13,525
Disposed of by Sale \| Short Hills Portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net			2,864
Disposed of by Sale \| Red Bank portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net			2,366
Disposed of by Sale \| Retail land leases
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net			0
Disposed of by Sale \| 7 Giralda Farms
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net			(1,961)
Disposed of by Sale \| 4 Gatehall Drive
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net			522
Disposed of by Sale \| Retail land lease Unit B
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net			$ 0
Disposal Group, Not Discontinued Operations \| 100 Overlook Center
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Redemption of limited partners common units (in shares) \| shares			678,302
Value of units redeemed			$ 10,500
Disposal Group, Not Discontinued Operations \| Metropark Portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Notes receivable to an affiliate			10,000
Disposal Group, Not Discontinued Operations \| Short Hills Portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Extinguishment of debt, net			$ 22,600

INVESTMENTS IN RENTAL PROPERT_5

INVESTMENTS IN RENTAL PROPERTY- Schedule of Disposed Developable Land (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds	$ 75,118	$ 151,666	$ 5,011
Net Carrying Value	30,468	94,404	2,896
Realized Gains (losses)/ Unrealized Losses, net	7,068	57,262	2,115
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	39,271
Columbia-Honeywell
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds	8,214
Net Carrying Value	8,236
Realized Gains (losses)/ Unrealized Losses, net	(22)
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	0
Deposits received	1,100
3 Campus
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds	13,248
Net Carrying Value	7,847
Realized Gains (losses)/ Unrealized Losses, net	5,401
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	0
Harborside 4
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds	53,656
Net Carrying Value	14,385
Realized Gains (losses)/ Unrealized Losses, net	0
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	39,271
Other Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Realized Gains (losses)/ Unrealized Losses, net	1,689
Discontinued Operations Realized Gains (losses)/ Unrealized Losses, net	$ 0
Palladium residential land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds		23,908
Net Carrying Value		24,182
Realized Gains (losses)/ Unrealized Losses, net		(274)
Palladium commercial land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds		4,688
Net Carrying Value		1,791
Realized Gains (losses)/ Unrealized Losses, net		2,897
Port Imperial Park parcel
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds		29,331
Net Carrying Value		29,744
Realized Gains (losses)/ Unrealized Losses, net		(413)
Urby II/III
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds		68,854
Net Carrying Value		13,316
Realized Gains (losses)/ Unrealized Losses, net		55,538
Port Imperial Parcels 3 & 16
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds		24,885
Net Carrying Value		25,371
Realized Gains (losses)/ Unrealized Losses, net		(486)
Non-cash expenses		$ 2,500
Horizon common area
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds			745
Net Carrying Value			634
Realized Gains (losses)/ Unrealized Losses, net			111
346/360 University Ave
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales Proceeds			4,266
Net Carrying Value			2,262
Realized Gains (losses)/ Unrealized Losses, net			$ 2,004

INVESTMENTS IN RENTAL PROPERT_6

INVESTMENTS IN RENTAL PROPERTY - Schedule of Real Estate Held for Sale/Discontinued Operations/Dispositions (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments in Rental Properties [Abstract]
Land	$ 59,464	$ 92,843
Building & Other	9,688	142,554
Less: Accumulated depreciation	0	(28,924)
Less: Cumulative unrealized losses on property held for sale	(10,544)	(12,540)
Real estate held for sale, net	$ 58,608	$ 193,933

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) ft² apartmentUnit property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in equity method joint ventures	$ 118,000
Management, leasing, development and other services fees	3,900	$ 3,600	$ 3,400
Accounts receivable	2,742	2,920
Unconsolidated Joint Venture
Schedule of Equity Method Investments [Line Items]
Accounts receivable	$ 700	$ 200
Unconsolidated Joint Venture \| Minimum \| Unconsolidated Interests
Schedule of Equity Method Investments [Line Items]
Percentage of interest in venture (as a percent)	20%
Unconsolidated Joint Venture \| Maximum \| Unconsolidated Interests
Schedule of Equity Method Investments [Line Items]
Percentage of interest in venture (as a percent)	85%
Multifamily
Schedule of Equity Method Investments [Line Items]
Number of properties \| property	7
Number of apartment units \| apartmentUnit	2,146
Unconsolidated Joint Venture Retail Buildings
Schedule of Equity Method Investments [Line Items]
Area of mixed use project (in square feet) \| ft²	51,000
Unconsolidated Joint Venture Land Parcels
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	829
Unconsolidated Joint Ventures \| Guarantee of Indebtedness of Others
Schedule of Equity Method Investments [Line Items]
Revolving credit facility and term loans	$ 17,200
Unconsolidated Joint Ventures \| Parent Company \| Guarantee of Indebtedness of Others
Schedule of Equity Method Investments [Line Items]
Guaranteed amount	$ 1,500

INVESTMENTS IN UNCONSOLIDATED_4

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Schedule of Unconsolidated Joint Venture (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) ft² apartmentUnit potentialApartmentUnit floor	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 117,954	$ 126,158
Metropolitan and Lofts at 40 Park \| The Shops At 40 Park Property
Schedule of Equity Method Investments [Line Items]
Balance	$ 6,100
Residual ownership interest (as a percent)	25%
Area of property (in square feet) \| ft²	50,973
Metropolitan and Lofts at 40 Park \| Lofts At 40 Park Property
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	59
Balance	$ 17,200
Indirect ownership interest (as a percent)	50%
Number of stories \| floor	5
Metropolitan and Lofts at 40 Park \| Metropolitan at 40 Park
Schedule of Equity Method Investments [Line Items]
Balance	$ 34,100
Metropolitan and Lofts at 40 Park \| SOFR \| The Shops At 40 Park Property
Schedule of Equity Method Investments [Line Items]
Interest rate, variable (as a percent)	200%
Metropolitan and Lofts at 40 Park \| SOFR \| Lofts At 40 Park Property
Schedule of Equity Method Investments [Line Items]
Interest rate, variable (as a percent)	2%
Metropolitan and Lofts at 40 Park \| SOFR \| Metropolitan at 40 Park
Schedule of Equity Method Investments [Line Items]
Interest rate, variable (as a percent)	2.85%
PI North - Land
Schedule of Equity Method Investments [Line Items]
Residual ownership interest (as a percent)	20%
Number of units available for development \| apartmentUnit	829
Multifamily
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	2,146
Multifamily \| Metropolitan and Lofts at 40 Park
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	189
Company's Effective Ownership Percentage (as a percent)	25%
Investments in unconsolidated joint ventures	$ 908	1,747
Balance	$ 57,367
Multifamily \| RiverTrace at Port Imperial
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	316
Company's Effective Ownership Percentage (as a percent)	22.50%
Investments in unconsolidated joint ventures	$ 4,506	5,114
Balance	$ 82,000
Interest rate, stated (as a percent)	3.21%
Multifamily \| Capstone at Port Imperial
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	360
Company's Effective Ownership Percentage (as a percent)	40%
Investments in unconsolidated joint ventures	$ 21,361	23,234
Balance	$ 135,000
Multifamily \| Capstone at Port Imperial \| SOFR
Schedule of Equity Method Investments [Line Items]
Interest rate, variable (as a percent)	1.20%
Multifamily \| Riverpark at Harrison
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	141
Company's Effective Ownership Percentage (as a percent)	45%
Investments in unconsolidated joint ventures	$ 0	0
Balance	$ 30,192
Interest rate, stated (as a percent)	3.19%
Multifamily \| Station House
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	378
Company's Effective Ownership Percentage (as a percent)	50%
Investments in unconsolidated joint ventures	$ 32,022	32,372
Balance	$ 89,440
Interest rate, stated (as a percent)	4.82%
Multifamily \| Urby at Harborside
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| apartmentUnit	762
Company's Effective Ownership Percentage (as a percent)	85%
Investments in unconsolidated joint ventures	$ 57,060	61,594
Balance	$ 185,742
Interest rate, stated (as a percent)	5.20%
Guaranteed amount	$ 22,000
Multifamily \| PI North - Land
Schedule of Equity Method Investments [Line Items]
Number of apartment units \| potentialApartmentUnit	829
Company's Effective Ownership Percentage (as a percent)	20%
Investments in unconsolidated joint ventures	$ 1,678	1,678
Balance	$ 0
Interest rate, stated (as a percent)	0%
Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 117,954	126,158
Balance	579,741
Other \| Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	419	$ 419
Balance	$ 0
Interest rate, stated (as a percent)	0%

INVESTMENTS IN UNCONSOLIDATED_5

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Schedule of Company's Equity in Earnings (Loss) of Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands				12 Months Ended
	Jan. 12, 2024	Sep. 01, 2021	Apr. 29, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				$ 3,102	$ 1,200	$ (4,250)
Gain (loss) from the sale				0	0	(1,886)
Amortization of basis difference				618	154	138
Metropolitan and Lofts at 40 Park \| Subsequent Event
Schedule of Equity Method Investments [Line Items]
Gain on sale of investments	$ 12,100
Metropolitan and Lofts at 40 Park \| Subsequent Event \| Veris Residential, Inc.
Schedule of Equity Method Investments [Line Items]
Gain on sale of investments	$ 6,000
Riverpark at Harrison
Schedule of Equity Method Investments [Line Items]
Litigation Settlement, Expense					900
Multifamily \| Metropolitan and Lofts at 40 Park
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				(1,239)	(674)	(801)
Multifamily \| RiverTrace at Port Imperial
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				546	356	92
Multifamily \| Capstone at Port Imperial
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				(294)	(212)	(506)
Multifamily \| Riverpark at Harrison
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				540	234	(1,153)
Multifamily \| Station House
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				(299)	(722)	(1,647)
Multifamily \| Urby at Harborside
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				4,110	2,374	(580)
Multifamily \| PI North - Land
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				(240)	(205)	(250)
Multifamily \| Liberty Landing
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				(22)	36	(40)
Office \| 12 Vreeland Road
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				0	0	2
Gain (loss) from the sale			$ 0
Sale price			$ 2,000
Office \| Offices At Crystal Lake
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				0	0	(113)
Gain (loss) from the sale		$ 1,900
Sale price		$ 1,900
Other
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				3,102	1,200	(4,250)
Other \| Other
Schedule of Equity Method Investments [Line Items]
Gain on sale from unconsolidated joint ventures				$ 0	$ 13	$ 746

INVESTMENTS IN UNCONSOLIDATED_6

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Schedule of Equity Method Investment, Summarized Financial Information, Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Rental Property, net	$ 3,006,315	$ 3,608,145
Other assets	53,956	96,162
Total assets	3,241,046	3,920,768
Liabilities and partners'/members' capital:
Mortgages and loans payable	1,853,897	1,903,977
Total liabilities and equity	3,241,046	3,920,768
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Assets:
Rental Property, net	741,932	745,210
Other assets	31,480	39,241
Total assets	773,412	784,451
Liabilities and partners'/members' capital:
Mortgages and loans payable	579,741	587,913
Other liabilities	8,898	15,545
Partners'/members' capital	184,773	180,993
Total liabilities and equity	$ 773,412	$ 784,451

INVESTMENTS IN UNCONSOLIDATED_7

INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Schedule of Equity Method Investment, Summarized Financial Information, Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Total revenues	$ 279,859	$ 233,448	$ 194,645
Operating and other expenses	(57,925)	(52,797)	(45,460)
Depreciation and amortization	(93,589)	(85,434)	(68,506)
Interest expense	(89,355)	(66,381)	(47,505)
Net loss	(112,361)	(34,885)	(109,539)
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Total revenues	94,272	140,637	173,169
Operating and other expenses	(36,045)	(81,914)	(131,709)
Depreciation and amortization	(22,341)	(25,412)	(25,095)
Interest expense	(30,488)	(29,777)	(27,145)
Net loss	$ 5,398	$ 3,534	$ (10,780)

DEFERRED CHARGES AND OTHER AS_3

DEFERRED CHARGES AND OTHER ASSETS, NET - Schedule of Deferred Charges and Other Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Charges, Goodwill And Other Assets [Line Items]
Deferred leasing costs	$ 8,324,000	$ 59,651,000
Deferred financing costs - revolving credit facility	771,000	6,684,000
Deferred charges, gross	9,095,000	66,335,000
Accumulated amortization	(5,063,000)	(30,471,000)
Deferred charges, net	4,032,000	35,864,000
Note receivable	32,000	1,309,000
In-place lease values, related intangibles and other assets, net	10,034,000	12,298,000
Right of use assets	6,161,000	2,896,000
Prepaid expenses and other assets, net	33,697,000	43,795,000
Total deferred charges and other assets, net	53,956,000	96,162,000
Acquired Above And Below Market Lease Intangibles
Deferred Charges, Goodwill And Other Assets [Line Items]
Revenue from leases	$ 100,000	200,000	$ 2,700,000
Interest-Free Notes Receivable
Deferred Charges, Goodwill And Other Assets [Line Items]
Note receivable		200,000
Seller Financing Receivable
Deferred Charges, Goodwill And Other Assets [Line Items]
Note receivable		1,000,000
Loan loss allowance charge, net		$ 26,000

DEFERRED CHARGES AND OTHER AS_4

DEFERRED CHARGES AND OTHER ASSETS, NET - Scheduled Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Liability	$ 7,400	$ 3,200
Other assets	53,956	96,162
Acquired Above And Below Market Lease Intangibles
Finite-Lived Intangible Assets [Line Items]
2024	82
2025	98
2026	81
2027	98
2028	106
Acquired Above- Market Lease Intangibles
Finite-Lived Intangible Assets [Line Items]
2024	175
2025	162
2026	143
2027	124
2028	121
Acquired Below- Market Lease Intangibles
Finite-Lived Intangible Assets [Line Items]
2024	93
2025	64
2026	62
2027	26
2028	15
In-Place Leases
Finite-Lived Intangible Assets [Line Items]
2024	310
2025	209
2026	195
2027	127
2028	105
Amortization expense	$ 2,000	$ 1,500	$ 2,100

DEFERRED CHARGES AND OTHER AS_5

DEFERRED CHARGES AND OTHER ASSETS, NET - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) interestRateCap
Derivative Instruments, Gain (Loss) [Line Items]
Estimated additional amount to be reclassified to interest expense	$ 3,800
Interest rate caps
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives, Net liability position	$ 0
Interest rate caps \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Number of Interest Rate Derivatives Held \| interestRateCap	4,000,000

DEFERRED CHARGES AND OTHER AS_6

DEFERRED CHARGES AND OTHER ASSETS, NET - Schedule of Fair Value of the Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Interest rate caps \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 5,098	$ 9,808

DEFERRED CHARGES AND OTHER AS_7

DEFERRED CHARGES AND OTHER ASSETS, NET - Schedule of Cash Flow Hedging, Derivative Financial Instruments on the Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Total Amount of Interest Expense presented in the Consolidated Statements of Operations	$ (89,355)	$ (66,381)	$ (47,505)
Interest rate caps \| Cash Flow Hedging \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative	1,184	5,032	10
Total Amount of Interest Expense presented in the Consolidated Statements of Operations	(89,355)	(66,381)	(47,505)
Interest rate caps \| Cash Flow Hedging \| Not Designated as Hedging Instrument \| Interest expense
Derivatives, Fair Value [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income	$ 3,559	$ 666	$ 0

RESTRICTED CASH (Details)

RESTRICTED CASH (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Cash and Investments [Abstract]
Security deposits	$ 9,996	$ 9,175
Escrow and other reserve funds	16,576	11,692
Total restricted cash	$ 26,572	$ 20,867	$ 19,701	$ 14,207

DISCONTINUED OPERATIONS - Sched

DISCONTINUED OPERATIONS - Schedule of Income from Discontinued Operations and Related Realized and Unrealized Gains (Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from extinguishment of debt, net	$ (5,606)	$ (129)	$ (47,078)
Income (Loss) from discontinued operations	3,150	(64,704)	22,174
Gain on disposition of developable land	7,068	57,262	2,115
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net	41,682	69,353	25,552
Total discontinued operations, net	44,832	4,649	47,726
Discontinued Operations \| Suburban Office Portfolio
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total Revenues	21,085	127,541	163,284
Operating and other (expenses) income, net	(12,437)	(63,157)	(83,557)
Property impairments	0	(94,811)	(13,467)
Depreciation and amortization	(5,486)	(26,974)	(44,086)
Loss from extinguishment of debt, net	(12)	(7,303)	0
Income (Loss) from discontinued operations	3,150	(64,704)	22,174
Gain on disposition of developable land	39,271	0	0
Proceeds from the sale of investments in unconsolidated joint ventures	0	7,677	0
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net	2,411	61,676	25,552
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net	41,682	69,353	25,552
Total discontinued operations, net	$ 44,832	$ 4,649	$ 47,726

REVOLVING CREDIT FACILITY AND_2

REVOLVING CREDIT FACILITY AND TERM LOANS - Narrative (Details) $ in Thousands		12 Months Ended
	Jul. 25, 2023 USD ($) extension multi-familyResidentialUnit lender	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Borrowings from revolving credit facility		$ 81,000	$ 102,000	$ 196,000
Loan balance		$ 1,900,000	1,900,000
Revolving Credit Facility \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Number of lenders \| lender	2
Secured debt	$ 60,000
Borrowings from revolving credit facility	$ 52,000
Loan period	1 year
Number of extensions \| extension	1
Extension option period	6 months
Number of units in unencumbered properties \| multi-familyResidentialUnit	240
Facility fee basis points	3,500%
Increase in interest rate (as a percent)	0.25%
Total leverage ratio	65%
Debt service coverage ratio	125%
Tangible net worth ratio	80%
Percentage of net cash proceeds of equity issuances	80%
Percentage of maximum unhedged variable rate debt ratio	30%
Cash sweep threshold	$ 25,000
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Alternative Base Rate
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	1%
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%
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%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Term Secured Overnight Financing Rate
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	1,000%
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%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| SOFR
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	1,000%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Minimum
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	25,000%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Interest rate, variable (as a percent)	35,000%
Revolving Credit Facility \| Credit Agreement \| Line of Credit \| Maximum \| SOFR
Debt Instrument [Line Items]
Effective Rate (as a percent)		3.85%
Term Loan \| Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Secured debt	$ 115,000
Loan balance	$ 115,000
Loan period	1 year
Number of extensions \| extension	1
Extension option period	6 months
Unsecured Revolving Credit Facility \| Unsecured Term Loan
Debt Instrument [Line Items]
Loan balance			$ 0
Revolving Credit Facility and Term Loan \| 2021 Credit Agreement
Debt Instrument [Line Items]
Written off unamortized deferred financing costs					$ 2,700

MORTGAGES, LOANS PAYABLE AND _3

MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Number of properties with encumbered company mortgages \| property	17
Carrying value of encumbered properties	$ 2,600
Cash paid for interest	81.6	$ 80.3	$ 85.2
Interest capitalized	0	12.2	30.5
Unconsolidated Joint Venture
Debt Instrument [Line Items]
Interest capitalized	0	0	0.3
Discontinued Operations
Debt Instrument [Line Items]
Cash paid for interest	$ 1.4	$ 13.3	$ 18.5

MORTGAGES, LOANS PAYABLE AND _4

MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Schedule of Mortgages, Loans Payable and Other Obligations (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
	Aug. 15, 2023	Sep. 30, 2023	Dec. 31, 2023	Aug. 10, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal balance outstanding			$ 1,900,000		$ 1,900,000
Secured Debt
Debt Instrument [Line Items]
Principal balance outstanding			1,868,983		1,911,488
Unamortized deferred financing costs			(15,086)		(7,511)
Total mortgages, loans payable and other obligations, net			1,853,897		1,903,977
Secured Debt \| Port Imperial 4/5 Hotel
Debt Instrument [Line Items]
Principal balance outstanding			$ 0		84,000
Secured Debt \| Signature Place
Debt Instrument [Line Items]
Effective Rate (as a percent)			3.74%
Principal balance outstanding			$ 43,000		43,000
Secured Debt \| Liberty Towers
Debt Instrument [Line Items]
Effective Rate (as a percent)			3.37%
Principal balance outstanding			$ 265,000		265,000
Secured Debt \| Portside 2 at East Pier
Debt Instrument [Line Items]
Effective Rate (as a percent)			4.56%
Principal balance outstanding			$ 97,000		97,000
Debt instrument, percent guaranteed			10%
Secured Debt \| BLVD 425
Debt Instrument [Line Items]
Effective Rate (as a percent)			4.17%
Principal balance outstanding			$ 131,000		131,000
Secured Debt \| BLVD 401
Debt Instrument [Line Items]
Effective Rate (as a percent)			4.29%
Principal balance outstanding			$ 117,000		117,000
Secured Debt \| Portside at East Pier
Debt Instrument [Line Items]
Principal balance outstanding			$ 56,500		58,998
Derivative, cap interest rate				3.50%
Secured Debt \| Portside at East Pier \| SOFR
Debt Instrument [Line Items]
Variable interest rate (as a percent)			2.75%
Secured Debt \| The Upton
Debt Instrument [Line Items]
Principal balance outstanding			$ 75,000		75,000
Derivative, cap interest rate			1%
Secured Debt \| The Upton \| SOFR
Debt Instrument [Line Items]
Variable interest rate (as a percent)			1.58%
Secured Debt \| 145 Front at City Square
Debt Instrument [Line Items]
Principal balance outstanding			$ 63,000		63,000
Secured Debt \| 145 Front at City Square \| SOFR
Debt Instrument [Line Items]
Variable interest rate (as a percent)		4%	1.84%
Secured Debt \| RiverHouse 9 at Port Imperial
Debt Instrument [Line Items]
Principal balance outstanding			$ 110,000		110,000
Derivative, cap interest rate			3%
Secured Debt \| RiverHouse 9 at Port Imperial \| SOFR
Debt Instrument [Line Items]
Variable interest rate (as a percent)			1.41%
Secured Debt \| Quarry Place at Tuckahoe
Debt Instrument [Line Items]
Effective Rate (as a percent)			4.48%
Principal balance outstanding			$ 41,000		41,000
Secured Debt \| BLVD 475 N/S
Debt Instrument [Line Items]
Effective Rate (as a percent)			2.91%
Principal balance outstanding			$ 165,000		165,000
Secured Debt \| Haus 25
Debt Instrument [Line Items]
Effective Rate (as a percent)			6.04%
Principal balance outstanding			$ 343,061		297,324
Secured Debt \| RiverHouse 11 at Port Imperial
Debt Instrument [Line Items]
Effective Rate (as a percent)			4.52%
Principal balance outstanding			$ 100,000		100,000
Secured Debt \| Soho Lofts
Debt Instrument [Line Items]
Effective Rate (as a percent)			3.77%
Principal balance outstanding			$ 158,777		160,000
Secured Debt \| Soho Lofts \| Prime Rate \| Variable Income Interest Rate
Debt Instrument [Line Items]
Variable interest rate (as a percent)			2.75%
Secured Debt \| Soho Lofts \| Prime Rate \| Fixed Income Interest Rate
Debt Instrument [Line Items]
Variable interest rate (as a percent)			3%
Secured Debt \| Port Imperial Garage South
Debt Instrument [Line Items]
Effective Rate (as a percent)			4.85%
Principal balance outstanding			$ 31,645		32,166
Secured Debt \| The Emery at Overlook Ridge
Debt Instrument [Line Items]
Effective Rate (as a percent)			3.21%
Principal balance outstanding			$ 72,000		$ 72,000
Secured Debt \| The Emery at Overlook Ridge \| Prime Rate \| Variable Income Interest Rate
Debt Instrument [Line Items]
Variable interest rate (as a percent)			2.75%
Secured Debt \| The Emery at Overlook Ridge \| Prime Rate \| Fixed Income Interest Rate
Debt Instrument [Line Items]
Variable interest rate (as a percent)			3%
Secured Debt \| QuadReal
Debt Instrument [Line Items]
Repayments of debt	$ 297,000

MORTGAGES, LOANS PAYABLE AND _5

MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Schedule of Principal Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Scheduled Amortization, 2024	$ 6,076
Scheduled Amortization, 2025	9,487
Scheduled Amortization, 2026	9,651
Scheduled Amortization, 2027	8,158
Scheduled Amortization, 2028	5,331
Scheduled Amortization, Thereafter	5,574
Scheduled Amortization, Sub-total	44,277
Scheduled Amortization, unamortized deferred financing costs	(15,086)
Scheduled Amortization, Total	29,191
Principal Maturities, 2024	308,000
Principal Maturities, 2025	0
Principal Maturities, 2026	536,487
Principal Maturities, 2027	305,320
Principal Maturities, 2028	343,061
Principal Maturities, Thereafter	331,838
Principal Maturities, Sub-total	1,824,706
Principal Costs, unamortized deferred financing costs	0
Principal Maturities, Total	1,824,706
Total, 2024	314,076
Total, 2025	9,487
Total, 2026	546,138
Total, 2027	313,478
Total, 2028	348,392
Total, Thereafter	337,412
Total, Sub-total	1,868,983
Total, Unamortized deferred financing costs	(15,086)
Total debt	$ 1,853,897	$ 1,903,977

MORTGAGES, LOANS PAYABLE AND _6

MORTGAGES, LOANS PAYABLE AND OTHER OBLIGATIONS - Schedule of Indebtedness (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Balance	$ 1,853,897	$ 1,903,977
Weighted Average Interest Rate (as a percent)	4.34%	4.47%
Fixed Rate & Hedged Debt
Debt Instrument [Line Items]
Balance	$ 1,853,897	$ 1,757,308
Weighted Average Interest Rate (as a percent)	4.34%	4.27%
Fixed Rate & Hedged Debt \| Interest rate caps
Debt Instrument [Line Items]
Notional value	$ 304,500	$ 485,000
Revolving Credit Facility & Other Variable Rate Debt
Debt Instrument [Line Items]
Balance	$ 0	$ 146,669
Weighted Average Interest Rate (as a percent)	0%	6.86%

EMPLOYEE BENEFIT 401(k) PLANS (

EMPLOYEE BENEFIT 401(k) PLANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Minimum employee subscription rate, percentage of compensation (as a percent)	1%
Maximum employee subscription rate, percentage of compensation (as a percent)	60%
Employee pre-tax contributions vested percentage (as a percent)	100%
Employee post-tax contributions vested percentage (as a percent)	100%
Expenses for employee benefit plan	$ 507	$ 631	$ 537

DISCLOSURE OF FAIR VALUE OF A_3

DISCLOSURE OF FAIR VALUE OF ASSETS AND LIABILITIES - Narrative (Details)	1 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) officeProperty	Dec. 31, 2023 USD ($) property landParcel officeProperty	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) officeProperty	Dec. 31, 2022 officeProperty	Dec. 31, 2022 landParcel	Dec. 31, 2022 Hotel	Nov. 30, 2022 landParcel
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of long-term debt		$ 1,800,000,000	$ 1,800,000,000
Loan balance		1,900,000,000	1,900,000,000
Land and other impairments, net		$ 9,324,000	$ 9,368,000	$ 23,719,000
Goodwill impairment				$ 2,900,000
Office
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Number of properties \| property		1
Office \| Cash flow discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input		0.11		0.080
Office \| Cash flow discount rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input			0.075
Office \| Cash flow discount rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input			0.13
Office \| Terminal capitalization rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input		0.09		0.0575
Office \| Terminal capitalization rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input			0.055
Office \| Terminal capitalization rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input			0.0875
Office \| Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Property impairments		$ 32,500,000	$ 94,800,000	$ 6,000,000
Number of properties		1		1	4	4
Office \| Disposed of by Sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Property impairments	$ 3,600,000	$ 12,500,000
Number of properties	1				1			1
Land and other impairments, net			$ 9,400,000
Land Parcel \| Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Number of properties \| landParcel		3
Land and other impairments, net		$ 9,300,000		$ 20,800,000
Hotels \| Cash flow discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input				0.0867
Hotels \| Terminal capitalization rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input				0.065
Hotels \| Held-for-sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Property impairments				$ 7,400,000
Number of properties \| officeProperty				2
Hotels \| Disposed of by Sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Number of properties \| Hotel							2

DISCLOSURE OF FAIR VALUE OF A_4

DISCLOSURE OF FAIR VALUE OF ASSETS AND LIABILITIES - Schedule of Assets Measured at Fair Value on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Goodwill, Impairment Charges			$ 2,900
Fair Value, Nonrecurring
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Goodwill, Fair Value Measurements	$ 0	$ 0	0
Goodwill, Impairment Charges	0	0	2,945
Fair Value, Nonrecurring \| Real Estate
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Investment in Real Estate, Fair Value Measurements	169,839	314,512	421,053
Investment in Real Estate Impairment Charges	$ 45,471	$ 116,718	$ 34,241

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Tax Abatement Agreements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 8,654	$ 8,719	$ 13,215
BLVD 475 N/S
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 0	0	443
Percentage of PILOT on gross revenues (as a percent)	10%
111 River Street
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 0	0	1,470
Harborside Plaza 4A
Commitments And Contingencies [Line Items]
Total Pilot taxes	0	0	1,057
Harborside Plaza 5
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 0	0	4,324
Percentage of PILOT on project costs (as a percent)	2%
Total project costs	$ 170,900
BLVD 401
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 1,754	1,692	1,277
BLVD 401 \| Years 1-4
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	10%
BLVD 401 \| Years 5-8
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	12%
BLVD 401 \| Years 9-10
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	14%
RiverHouse 11 at Port Imperial
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 1,735	1,514	1,369
RiverHouse 11 at Port Imperial \| Years 1-5
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	12%
RiverHouse 11 at Port Imperial \| Years 6-10
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	13%
RiverHouse 11 at Port Imperial \| Years 11-15
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	14%
Port Imperial Garage South
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 224	2,925	2,925
Percentage of PILOT on project costs (as a percent)	2%
RiverHouse 9 at Port Imperial
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 1,608	1,295	350
RiverHouse 9 at Port Imperial \| Years 1-10
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	11%
RiverHouse 9 at Port Imperial \| Years 11-18
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	12.50%
RiverHouse 9 at Port Imperial \| Years 19-25
Commitments And Contingencies [Line Items]
Percentage of PILOT on project costs (as a percent)	14%
Haus 25
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 2,619	975	0
Percentage of PILOT on project costs (as a percent)	7%
Project period	25 years
The James
Commitments And Contingencies [Line Items]
Total Pilot taxes	$ 714	$ 318	$ 0
Percentage of PILOT on gross revenues (as a percent)	10%
Project period	30 years
The James \| Years 11-21
Commitments And Contingencies [Line Items]
Percentage of PILOT on gross revenues (as a percent)	11.50%
The James \| Years 22-30
Commitments And Contingencies [Line Items]
Percentage of PILOT on gross revenues (as a percent)	12.50%

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Future Minimum Rental Payments Of Ground Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Year one	$ 1,272	$ 192
Year two	1,279	192
Year three	1,279	199
Year four	1,280	199
Year five	494	200
After year five	31,447	31,664
Total lease payments	37,051	32,646
Less: imputed interest	(29,700)	(29,418)
Total	$ 7,351	$ 3,228
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable, accrued expenses and other liabilities	Accounts payable, accrued expenses and other liabilities

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Ground Lease Agreements - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) groundLease property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Commitments And Contingencies [Line Items]
Ground lease expense incurred	$ 2,000	$ 900	$ 1,800
Operating lease	7,351	3,228
Right of use assets	$ 6,161	$ 2,896
Office
Commitments And Contingencies [Line Items]
Number of property \| property	1
Operating lease	$ 4,700
Borrowing rate	6%
Remaining lease term	4 years 3 months 18 days
Right of use assets	$ 4,700
Office \| Accounting Standards Update 2016-02
Commitments And Contingencies [Line Items]
Operating lease	$ 4,100
Ground Lease
Commitments And Contingencies [Line Items]
Number of ground leases \| groundLease	2
Borrowing rate	7.60%
Remaining lease term	77 years 7 months 6 days
Ground Lease \| Accounting Standards Update 2016-02
Commitments And Contingencies [Line Items]
Operating lease	$ 2,100

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES - Other - Narrative (Details) - Stay-On Award Agreement $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) employee shares
Commitments And Contingencies [Line Items]
Number of employees \| employee	20
Potential shares (in shares) \| shares	42,095
Exercisable time period	7 years
Maximum
Commitments And Contingencies [Line Items]
Stay on award agreement cost \| $	$ 2.8

TENANT LEASES - Narrative (Deta

TENANT LEASES - Narrative (Details)	12 Months Ended
TENANT LEASES - Narrative (Details)	Dec. 31, 2023
Tenant Leases
Leases [Line Items]
Operating leases with various expiration dates through year	2034
Multi-Family Properties
Leases [Line Items]
Lease period	1 year

TENANT LEASES - Future Minimum

TENANT LEASES - Future Minimum Rentals to be Received under Non-Cancelable Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Year one	$ 12,231	$ 14,798
Year two	10,952	12,231
Year three	8,822	10,952
Year four	5,748	8,822
Year five	2,113	5,748
After year five	5,706	7,819
Total	$ 45,572	$ 60,370

REDEEMABLE NONCONTROLLING INT_3

REDEEMABLE NONCONTROLLING INTERESTS - Narrative (Details) $ in Millions						1 Months Ended			3 Months Ended	12 Months Ended
	Jul. 25, 2023 USD ($)	Jul. 24, 2023 USD ($)	Jun. 26, 2019 USD ($) property	Feb. 27, 2017 USD ($)	Feb. 03, 2017	Mar. 31, 2024 shares	Feb. 29, 2024 shares	Feb. 28, 2017	Apr. 30, 2017	Dec. 31, 2023 USD ($) classOfPreferredUnit shares	Dec. 31, 2022 shares
Redeemable Noncontrolling Interest [Line Items]
Preferred return payments		$ 2
Number of classes of preferred units issued \| classOfPreferredUnit										2
Series A Preferred Units
Redeemable Noncontrolling Interest [Line Items]
Stock redeemed or called (in shares) \| shares										15,100,000	12,000,000
Series A Preferred Units \| Forecast
Redeemable Noncontrolling Interest [Line Items]
Stock redeemed or called (in shares) \| shares						10,000
Series A Preferred Units \| Forecast \| Subsequent Event
Redeemable Noncontrolling Interest [Line Items]
Stock redeemed or called (in shares) \| shares							5,700,000
Cash Flow From Operations \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Annual return on the equity value										6%
VERIS RESIDENTIAL, L.P. \| Series A Preferred Units
Redeemable Noncontrolling Interest [Line Items]
Annual dividend rate paid quarterly					3.50%			3.50%
Exercisable period					5 years
VERIS RESIDENTIAL, L.P. \| Series A-1 Preferred Units
Redeemable Noncontrolling Interest [Line Items]
Annual dividend rate paid quarterly									350%
Investment Agreement \| Cash Flow From Capital Events, Distribution Four \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Base return										5%
Rockpoint Group L.L.C. \| Rockpoint Purchase Agreement \| Rockpoint Group L.L.C.
Redeemable Noncontrolling Interest [Line Items]
Purchase price	$ 520
Redemption value adjustment	$ 34.8
Rockpoint Interests in VRT \| Cash Flow From Operations \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Invested capital										$ 400
Rockpoint Interests in VRT \| Cash Flow From Operations \| RRLP \| Preferred Units
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution										21.89%
Rockpoint Interests in VRT \| Cash Flow From Capital Events, Distribution Four \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Base return										4.64%
Rockpoint Interests in VRT \| Rockpoint Interests in VRT
Redeemable Noncontrolling Interest [Line Items]
Estimated redemption value		$ 487.6
Rockpoint Interests in VRT \| Rockpoint Interests in VRT \| Preferred Units
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution										10.947%
Rockpoint Interests in VRT \| Rockpoint Interests in VRT \| Cash Flow From Operations
Redeemable Noncontrolling Interest [Line Items]
Base return										4.64%
Rockpoint Interests in VRT \| Rockpoint Interests in VRT \| Cash Flow From Capital Events, Distribution Three \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Base return										4.64%
Rockpoint Interests in VRT \| Rockpoint Interests in VRT \| Cash Flow From Capital Events, Distribution Five
Redeemable Noncontrolling Interest [Line Items]
Invested capital										$ 400
Rockpoint Interests in VRT \| Rockpoint Interests in VRT \| Cash Flow From Capital Events, Distribution Five \| Preferred Units
Redeemable Noncontrolling Interest [Line Items]
Pro rata distribution										21.89%
Rockpoint Interests in VRT \| Rockpoint Interests in VRT \| Cash Flow From Capital Events, Distribution Five \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Internal rate of return										11%
Rockpoint Interests in VRT \| Rockpoint Interests in VRT \| Cash Flow From Capital Events, Distribution Six
Redeemable Noncontrolling Interest [Line Items]
Invested capital										$ 400
Rockpoint Interests in VRT \| Rockpoint Interests in VRT \| Cash Flow From Capital Events, Distribution Six \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Pro rata share										50%
Rockpoint Interests in VRT \| Roseland Residential Trust \| Cash Flow From Operations \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Annual return on the equity value										6%
Rockpoint Interests in VRT \| Investment Agreement \| Maximum
Redeemable Noncontrolling Interest [Line Items]
Contributed amount to obtain equity units				$ 300
Rockpoint Interests in VRT \| Investment Agreement \| Rockpoint Interests in VRT
Redeemable Noncontrolling Interest [Line Items]
Incremental closing payments, Limited Partnership interest			$ 46
Rockpoint Interests in VRT \| Investment Agreement \| Rockpoint Interests in VRT \| Cash Flow From Operations \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Base return										5%
Rockpoint Interests in VRT \| Investment Agreement \| Rockpoint Interests in VRT \| Cash Flow From Capital Events, Distribution Three \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Base return										95%
Rockpoint Interests in VRT \| Add On Investment Agreement \| Rockpoint Interests in VRT
Redeemable Noncontrolling Interest [Line Items]
Contributed amount to obtain equity units			$ 100
Number of properties in which additional interest was acquired during period \| property			2
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 \| Cash Flow From Operations \| Common Units
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 Units
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 Units
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%
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%
Roseland Residential Trust \| Investment Agreement \| Roseland Residential Trust \| Cash Flow From Capital Events, Distribution Three \| RRLP
Redeemable Noncontrolling Interest [Line Items]
Base return										5%

REDEEMABLE NONCONTROLLING INT_4

REDEEMABLE NONCONTROLLING INTERESTS -Schedule of Preferred Units (Details) - VERIS RESIDENTIAL, L.P.		1 Months Ended	3 Months Ended
	Feb. 03, 2017	Feb. 28, 2017 $ / shares shares	Apr. 30, 2017 $ / shares shares
Series A Preferred Units
Preferred Units [Line Items]
Number of units issued (in shares) \| shares		42,800
Stated value per unit (in dollars per share) \| $ / shares		$ 1,000
Annual dividend rate paid quarterly	3.50%	3.50%
Conversion rate		28.15
Conversion value per unit (in dollars per share) \| $ / shares		$ 35.52
Maximum common unit conversion (in shares) \| shares		1,204,820
Series A-1 Preferred Units
Preferred Units [Line Items]
Number of units issued (in shares) \| shares			9,213
Stated value per unit (in dollars per share) \| $ / shares			$ 1,000
Annual dividend rate paid quarterly			350%
Conversion rate			27.936
Conversion value per unit (in dollars per share) \| $ / shares			$ 35.80
Maximum common unit conversion (in shares) \| shares			257,375

REDEEMABLE NONCONTROLLING INT_5

REDEEMABLE NONCONTROLLING INTERESTS - Schedule of Changes in the Value of the Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Increase (Decrease) in Temporary Equity [Roll Forward]
Income Attributed to Noncontrolling Interests		$ (7,618)	$ (25,534)	$ (25,977)
Mandatorily Redeemable Noncontrolling Interests \| Rockpoint Group L.L.C.
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 0
Redeemable Noncontrolling Interests Redemption	(520,388)
Income Attributed to Noncontrolling Interests	7,365
Distributions	(9,371)
Redemption Value Adjustment	42,417
Reclassification from Redeemable Non-controlling Interests	479,977
Ending balance	0	0
Redeemable Noncontrolling Interests
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance		515,231	521,313
Redeemable Noncontrolling Interests Redemption		(15,100)	(12,000)
Net		500,131	509,313
Income Attributed to Noncontrolling Interests		7,618	25,534
Distributions		(7,750)	(25,627)
Redemption Value Adjustment		4,977	6,011
Reclassification from Redeemable Non-controlling Interests		(479,977)
Ending balance	24,999	24,999	515,231	521,313
Redeemable Noncontrolling Interests \| Series A and A-1 Preferred Units In VRLP
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance		40,231	52,324
Redeemable Noncontrolling Interests Redemption		(15,100)	(12,000)
Net		25,131	40,324
Income Attributed to Noncontrolling Interests		1,336	1,471
Distributions		(1,468)	(1,564)
Redemption Value Adjustment		0	0
Reclassification from Redeemable Non-controlling Interests		0
Ending balance	24,999	24,999	40,231	52,324
Redeemable Noncontrolling Interests \| Rockpoint Group L.L.C.
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance		475,000	468,989
Redeemable Noncontrolling Interests Redemption		0	0
Net		475,000	468,989
Income Attributed to Noncontrolling Interests		6,282	24,063
Distributions		(6,282)	(24,063)
Redemption Value Adjustment		4,977	6,011
Reclassification from Redeemable Non-controlling Interests		(479,977)
Ending balance	$ 0	$ 0	$ 475,000	$ 468,989

VERIS RESIDENTIAL, INC. STOCK_3

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - ATM Program And Dividend Reinvestment And Stock Purchase Plan - Narrative (Details) - USD ($)		12 Months Ended
	Nov. 15, 2023	Dec. 31, 2023	Dec. 31, 2021
Stockolders Equity [Line Items]
Combined aggregate offering price	$ 100,000,000		$ 200,000,000
ATM, shares issued (in shares)		0
Dividend Reinvestment And Stock Purchase Plan
Stockolders Equity [Line Items]
Reserved stocks for issuance (in shares)		5,400,000
Monthly cash investment without restriction, maximum		$ 5,000

VERIS RESIDENTIAL, INC. STOCK_4

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Incentive Stock Plan And Stock Options - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Mar. 01, 2021	Apr. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	May 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercised (in shares)			0	0	0
Weighted average remaining contractual life			3 years 7 months 6 days	4 years 7 months 6 days
Stock options expense			$ 1,700	$ 1,200	$ 844
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable time period		3 years
Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	950,000
Share price (in dollars per share)							$ 15.79
Chief Investment Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		250,000
Share price (in dollars per share)		$ 16.33
2013 Incentive Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved stocks for issuance (in shares)			269,072			6,565,000		4,600,000
Granted (in shares)			0	250,000	1,107,505

VERIS RESIDENTIAL, INC. STOCK_5

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Schedule of Stock Option Plans (Details) - 2013 Incentive Stock Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance (in shares)	2,330,000	2,080,000	972,495
Granted (in shares)	0	250,000	1,107,505
Outstanding, ending balance (in shares)	2,330,000	2,330,000	2,080,000	972,495
Weighted Average Exercise Price
Weighted Average Exercise Price - Outstanding, beginning balance (in dollars per share)	$ 16.41	$ 16.42	$ 16.79
Weighted Average Exercise Price - Granted (in dollars per share)	0	16.33	16.10
Weighted Average Exercise Price - Outstanding, ending balance (in dollars per share)	$ 16.41	$ 16.41	$ 16.42	$ 16.79
Stock Options Additional Disclosures
Aggregate intrinsic value	$ 0	$ 0	$ 4,072	$ 0
Options exercisable (in shares)	1,846,666
Outstanding stock option price (in dollars per share)				$ 17.31
Minimum
Stock Options Additional Disclosures
Outstanding stock option price (in dollars per share)	$ 14.39	$ 14.39	$ 14.39
Maximum
Stock Options Additional Disclosures
Outstanding stock option price (in dollars per share)	$ 20	$ 20	$ 17.31

VERIS RESIDENTIAL, INC. STOCK_6

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Schedule of Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2023
2022 April
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	4 years
Risk-free interest rate	2.77%
Volatility	38%
Dividend yield	2.60%
2021 March
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	4 years 6 months
Risk-free interest rate	0.79%
Volatility	35%
Dividend yield	1.60%
2021 June regular
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	4 years 7 months 6 days
Risk-free interest rate	0.71%
Volatility	35%
Dividend yield	1.50%
2021 June premium
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	5 years 3 months 18 days
Risk-free interest rate	0.94%
Volatility	34%
Dividend yield	1.40%

VERIS RESIDENTIAL, INC. STOCK_7

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Restricted Stock Awards - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Unvested Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable time period	1 year
Total unrecognized compensation cost	$ 400
Total unrecognized compensation cost, period of recognition	6 months
Unvested Restricted Stock \| Board member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock outstanding (in shares)	54,184
Restricted Stock Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 800	$ 700	$ 800

VERIS RESIDENTIAL, INC. STOCK_8

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Schedule of Restricted Stock Awards (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Outstanding, Beginning balance (in shares)	49,784	39,529	52,974
Granted (in shares)	54,184	49,784	39,529
Vested (in shares)	(49,784)	(39,529)	(52,974)
Outstanding, Ending balance (in shares)	54,184	49,784	39,529
Weighted-Average Grant – Date Fair Value
Outstanding beginning balance (in dollars per share)	$ 14.06	$ 17.71	$ 15.29
Granted (in dollars per share)	16.98	14.06	17.71
Vested (in dollars per share)	14.06	17.71	15.29
Outstanding ending balance (in dollars per share)	$ 16.98	$ 14.06	$ 17.71

VERIS RESIDENTIAL, INC. STOCK_9

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Long-Term Incentive Plan Awards - Narrative (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 30, 2022 executive shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expense \| $		$ 1,700	$ 1,200	$ 844
2021 RSU LTIP Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period		3 years
Time Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable time period		3 years
Time Based Restricted Stock Units \| Three Executive Officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable time period	3 years
Granted (in shares)	59,707
Number of executives \| executive	3
Time Based Restricted Stock Units \| Non Executive Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock outstanding (in shares)		781,972
Performance Based Restricted Stock Units \| 2021 RSU LTIP Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		853,430,000
Operations Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, vested (in shares)		660,710,000
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expense \| $		$ 13,800	$ 9,900	$ 9,800
Total unrecognized compensation cost \| $		$ 9,900
Total unrecognized compensation cost, period of recognition		1 year 8 months 12 days

VERIS RESIDENTIAL, INC. STOC_10

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Deferred Stock Compensation Plan for Directors - Narrative (Details) - shares	1 Months Ended	12 Months Ended
	May 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Maximum percentage of retainer fee that directors may defer		100%
Deferred stock units earned (in shares)		25,671	30,899	17,894
Deferred stock units outstanding (in shares)		77,975	73,071
Deferred stock units converted (in shares)	20,767

VERIS RESIDENTIAL, INC. STOC_11

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Earnings Per Share Tables - Basic Computation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockholders Equity [Line Items]
Loss from continuing operations after income tax expense	$ (157,193)	$ (39,534)	$ (157,265)
Add (deduct): Noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Add (deduct): Noncontrolling interests in Operating Partnership	14,267	5,652	16,212
Add (deduct): Redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Add (deduct): Redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders	(4,516)	(5,475)	(7,290)
Loss from continuing operations available to common shareholders	(152,741)	(61,812)	(169,725)
Loss from discontinued operations available to common shareholders	40,960	4,271	43,393
Net loss available to common shareholders for basic earnings per share	$ (111,781)	$ (57,541)	$ (126,332)
Weighted average common shares (in shares)	91,883	91,046	90,839
Loss from continuing operations available to unitholders (in dollars per share)	$ (1.66)	$ (0.68)	$ (1.87)
Loss from discontinued operations available to common shareholders (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	$ (1.22)	$ (0.63)	$ (1.39)
VERIS RESIDENTIAL, L.P.
Stockholders Equity [Line Items]
Loss from continuing operations after income tax expense	$ (157,193)	$ (39,534)	$ (157,265)
Add (deduct): Noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Add (deduct): Redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to common shareholders	(4,977)	(6,023)	(8,016)
Loss from continuing operations available to common shareholders	(167,469)	(68,012)	(186,663)
Loss from discontinued operations available to common shareholders	44,832	4,649	47,726
Net loss available to common shareholders for basic earnings per share	$ (122,637)	$ (63,363)	$ (138,937)
Weighted average common shares (in shares)	100,812	100,265	99,893
Loss from continuing operations available to unitholders (in dollars per share)	$ (1.66)	$ (0.68)	$ (1.87)
Loss from discontinued operations available to common shareholders (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	$ (1.22)	$ (0.63)	$ (1.39)

VERIS RESIDENTIAL, INC. STOC_12

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Earnings Per Share Tables - Diluted Computation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockholders Equity [Line Items]
Net loss from continuing operations available to common shareholders	$ (152,741)	$ (61,812)	$ (169,725)
Add (deduct): Noncontrolling interests in Operating Partnership	(14,267)	(5,652)	(16,212)
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests attributable to the Operating Partnership unitholders	(461)	(548)	(726)
Loss from continuing operations for diluted earnings per share	(167,469)	(68,012)	(186,663)
Loss from discontinued operations for diluted earnings per share	44,832	4,649	47,726
Net loss available for diluted earnings per share	$ (122,637)	$ (63,363)	$ (138,937)
Weighted average common shares (in shares)	100,812	100,265	99,893
Loss from continuing operations available to common unitholders (in dollars per share)	$ (1.66)	$ (0.68)	$ (1.87)
Loss from discontinued operations available to common shareholders (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	$ (1.22)	$ (0.63)	$ (1.39)
VERIS RESIDENTIAL, L.P.
Stockholders Equity [Line Items]
Net loss from continuing operations available to common shareholders	$ (167,469)	$ (68,012)	$ (186,663)
Loss from discontinued operations for diluted earnings per share	44,832	4,649	47,726
Net loss available for diluted earnings per share	$ (122,637)	$ (63,363)	$ (138,937)
Weighted average common unit (in shares)	100,812	100,265	99,893
Loss from continuing operations available to common unitholders (in dollars per share)	$ (1.66)	$ (0.68)	$ (1.87)
Loss from discontinued operations available to common shareholders (in dollars per share)	0.44	0.05	0.48
Net loss available to common shareholders (in dollars per share)	$ (1.22)	$ (0.63)	$ (1.39)

VERIS RESIDENTIAL, INC. STOC_13

VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Schedule of Reconciliation of Shares used in Basic EPS Calculation to Shares used In Diluted EPS Calculation (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockolders Equity [Line Items]
Basic weighted average shares outstanding (in shares)	91,883	91,046	90,839
Diluted EPS shares (in shares)	100,812	100,265	99,893
VERIS RESIDENTIAL, L.P.
Stockolders Equity [Line Items]
Basic EPU units (in shares)	100,812	100,265	99,893
Diluted weighted average units outstanding (in shares)	100,812	100,265	99,893
Operating Partnership – common and vested LTIP units
Stockolders Equity [Line Items]
Weighted average number of shares outstanding, diluted adjustment (in shares)	8,929	9,219	9,054

NONCONTROLLING INTERESTS IN S_3

NONCONTROLLING INTERESTS IN SUBSIDIARIES - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Rebalance of ownership percentage \| $	$ 4,100
Redemption of limited partners common units (in shares) \| shares	9,229
Proceeds from redemption of common units \| $	$ 142
Number of common shares received upon redemption of common units (in shares) \| shares	1
Conversion ratio	1
Participation Rights
Noncontrolling Interest [Line Items]
Excess net cash flow remaining after the distribution to the Company	50%
Internal rate of return	10%
VERIS RESIDENTIAL, L.P.
Noncontrolling Interest [Line Items]
Percentage of noncontrolling interest	8.60%	9.30%

NONCONTROLLING INTERESTS IN S_4

NONCONTROLLING INTERESTS IN SUBSIDIARIES - Changes in Noncontrolling Interests of Subsidiaries (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redemption of common units (in shares)	(9,229)
VERIS RESIDENTIAL, L.P.
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance, Beginning, Common Units/Vested LTIP Units (in shares)	9,301,521	9,013,534	9,649,031
Redemption of common units (in shares)	(820,540)	(11,508)	(175,257)
Redemption of common units (in shares)	(9,229)	(110,084)	(730,850)
Conversion of vested LTIP units to common units (in shares)	452,328	228,579	205,434
Vested LTIP units (in shares)	(231,519)	181,000	65,176
Cancellation of units (in shares)			0
Balance, Ending, Common Units/Vested LTIP Units (in shares)	8,692,561	9,301,521	9,013,534
Balance, Beginning, Unvested LTIP Units (in shares)	558,084	1,246,752	1,722,929
Vested LTIP units (in shares)	(220,809)	(409,579)	(270,610)
Issuance of units, LTIP Units (in shares)			334,449
Cancellation of units (in shares)	(335,392)	(279,089)	(540,016)
Balance, Ending, Unvested LTIP Units (in shares)	1,883	558,084	1,246,752

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details)	12 Months Ended
SEGMENT REPORTING - Narrative (Details)	Dec. 31, 2023 segment
Segment Reporting [Abstract]
Number of business segments	2

SEGMENT REPORTING - Schedule Of

SEGMENT REPORTING - Schedule Of Selected Results Of Operations And Asset Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 279,859	$ 233,448	$ 194,645
Total operating and interest expenses	305,695	236,513	211,609
Equity in earnings (loss) of unconsolidated joint ventures	3,102	1,200	(4,250)
Net operating income (loss)	(22,734)	(1,865)	(21,214)
Total assets:	3,241,046	3,920,768
Total long-lived assets	3,011,815	3,647,879
Total investments in unconsolidated joint ventures:	117,954	126,158
Corporate Reconciling Items And Eliminations
Segment Reporting Information [Line Items]
Total revenues	1,165	5,759	8,679
Total operating and interest expenses	187,652	123,154	100,584
Equity in earnings (loss) of unconsolidated joint ventures	0	0	0
Net operating income (loss)	(186,487)	(117,395)	(91,905)
Total assets:	24,191	21,121
Total long-lived assets	(1,854)	(1,330)
Total investments in unconsolidated joint ventures:	0	0
Commercial & Other Real Estate \| Operating Segments
Segment Reporting Information [Line Items]
Total revenues	19,171	2,956	14,936
Total operating and interest expenses	14,267	(1,089)	2,828
Equity in earnings (loss) of unconsolidated joint ventures	0	0	(111)
Net operating income (loss)	4,904	4,045	11,997
Total assets:	97,253	597,459
Total long-lived assets	83,785	547,923
Total investments in unconsolidated joint ventures:	0	0
Multiple-Family Real Estate & Services \| Operating Segments
Segment Reporting Information [Line Items]
Total revenues	259,523	224,733	171,030
Total operating and interest expenses	103,776	114,448	108,197
Equity in earnings (loss) of unconsolidated joint ventures	3,102	1,200	(4,139)
Net operating income (loss)	158,849	111,485	$ 58,694
Total assets:	3,119,602	3,302,188
Total long-lived assets	2,929,884	3,101,286
Total investments in unconsolidated joint ventures:	$ 117,954	$ 126,158

SEGMENT REPORTING - Schedule _2

SEGMENT REPORTING - Schedule of Reconciliation of Net Operating Income (Loss) to Net Income Available to Common Shareholders (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net operating income	$ (22,734)	$ (1,865)	$ (21,214)
Depreciation and amortization	(93,589)	(85,434)	(68,506)
Land and other impairments, net	(9,324)	(9,368)	(23,719)
Property impairments	(32,516)	0	0
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net	0	0	3,023
Gain on disposition of developable land	7,068	57,262	2,115
Loss on sale of unconsolidated joint venture interests	0	0	(1,886)
Loss from extinguishment of debt, net	(5,606)	(129)	(47,078)
Loss from continuing operations before income tax expense	(156,701)	(39,534)	(157,265)
Provision for income taxes	(492)	0	0
Net loss from continuing operations	(157,193)	(39,534)	(157,265)
Income (Loss) from discontinued operations	3,150	(64,704)	22,174
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net	41,682	69,353	25,552
Total discontinued operations, net	44,832	4,649	47,726
Net loss	(112,361)	(34,885)	(109,539)
Noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Noncontrolling interests in Operating Partnership of income from continuing operations	14,267	5,652	16,212
Noncontrolling interests in Operating Partnership in discontinued operations	(3,872)	(378)	(4,333)
Redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Net loss available to common shareholders	(107,265)	(52,066)	(119,042)
Commercial & Other Real Estate
Segment Reporting Information [Line Items]
Depreciation and amortization	(7,400)	(3,900)	(3,000)
Multiple-Family Real Estate & Services
Segment Reporting Information [Line Items]
Depreciation and amortization	(85,100)	(80,600)	(64,600)
Corporate & Other
Segment Reporting Information [Line Items]
Depreciation and amortization	(1,100)	(900)	(900)
VERIS RESIDENTIAL, L.P.
Segment Reporting Information [Line Items]
Net operating income	(22,734)	(1,865)	(21,214)
Depreciation and amortization	(93,589)	(85,434)	(68,506)
Land and other impairments, net	(9,324)	(9,368)	(23,719)
Property impairments	(32,516)	0	0
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net	0	0	3,023
Gain on disposition of developable land	7,068	57,262	2,115
Loss on sale of unconsolidated joint venture interests	0	0	(1,886)
Loss from extinguishment of debt, net	(5,606)	(129)	(47,078)
Loss from continuing operations before income tax expense	(156,701)	(39,534)	(157,265)
Provision for income taxes	(492)	0	0
Net loss from continuing operations	(157,193)	(39,534)	(157,265)
Income (Loss) from discontinued operations	3,150	(64,704)	22,174
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net	41,682	69,353	25,552
Total discontinued operations, net	44,832	4,649	47,726
Net loss	(112,361)	(34,885)	(109,539)
Noncontrolling interests in consolidated joint ventures	2,319	3,079	4,595
Redeemable noncontrolling interests	(7,618)	(25,534)	(25,977)
Net loss available to common shareholders	(117,660)	(57,340)	(130,921)
VERIS RESIDENTIAL, L.P. \| Commercial & Other Real Estate
Segment Reporting Information [Line Items]
Depreciation and amortization	(7,400)	(3,900)	(3,000)
VERIS RESIDENTIAL, L.P. \| Multiple-Family Real Estate & Services
Segment Reporting Information [Line Items]
Depreciation and amortization	(85,100)	(80,600)	(64,600)
VERIS RESIDENTIAL, L.P. \| Corporate & Other
Segment Reporting Information [Line Items]
Depreciation and amortization	$ (1,100)	$ (900)	$ (900)

REAL ESTATE INVESTMENTS AND A_2

REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION - Schedule of Real Estate Investments and Accumulated Depreciation (Details) $ in Thousands	Dec. 31, 2023 USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	$ 1,853,897
Initial Costs, Land	470,124
Initial Costs, Building and Improvements	2,136,543
Costs Capitalized Subsequent to Acquisition	784,821
Gross Amount at Which Carried at Close of Period, Land	474,499
Gross Amount at Which Carried at Close of Period, Building and Improvements	2,916,989
Total	3,391,488
Accumulated Depreciation	443,781
Real estate aggregate cost, tax purpose	2,400,000
Multi-Family Properties \| The James
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	0
Initial Costs, Land	12,047
Initial Costs, Building and Improvements	114,208
Costs Capitalized Subsequent to Acquisition	584
Gross Amount at Which Carried at Close of Period, Land	12,047
Gross Amount at Which Carried at Close of Period, Building and Improvements	114,792
Total	126,839
Accumulated Depreciation	4,419
Multi-Family Properties \| The Upton
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	74,606
Initial Costs, Land	2,850
Initial Costs, Building and Improvements	0
Costs Capitalized Subsequent to Acquisition	91,960
Gross Amount at Which Carried at Close of Period, Land	2,850
Gross Amount at Which Carried at Close of Period, Building and Improvements	91,960
Total	94,810
Accumulated Depreciation	8,930
Multi-Family Properties \| Haus 25
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	333,512
Initial Costs, Land	53,421
Initial Costs, Building and Improvements	420,959
Costs Capitalized Subsequent to Acquisition	(384)
Gross Amount at Which Carried at Close of Period, Land	53,421
Gross Amount at Which Carried at Close of Period, Building and Improvements	420,575
Total	473,996
Accumulated Depreciation	21,888
Multi-Family Properties \| Liberty Towers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	264,697
Initial Costs, Land	66,670
Initial Costs, Building and Improvements	328,347
Costs Capitalized Subsequent to Acquisition	11,341
Gross Amount at Which Carried at Close of Period, Land	66,670
Gross Amount at Which Carried at Close of Period, Building and Improvements	339,688
Total	406,358
Accumulated Depreciation	38,466
Multi-Family Properties \| BLVD 475 N/S
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	164,944
Initial Costs, Land	58,761
Initial Costs, Building and Improvements	240,871
Costs Capitalized Subsequent to Acquisition	8,471
Gross Amount at Which Carried at Close of Period, Land	58,761
Gross Amount at Which Carried at Close of Period, Building and Improvements	249,342
Total	308,103
Accumulated Depreciation	49,205
Multi-Family Properties \| Soho Lofts
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	158,126
Initial Costs, Land	27,601
Initial Costs, Building and Improvements	224,039
Costs Capitalized Subsequent to Acquisition	6,060
Gross Amount at Which Carried at Close of Period, Land	27,601
Gross Amount at Which Carried at Close of Period, Building and Improvements	230,099
Total	257,700
Accumulated Depreciation	32,837
Multi-Family Properties \| BLVD 425
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	130,673
Initial Costs, Land	48,820
Initial Costs, Building and Improvements	160,740
Costs Capitalized Subsequent to Acquisition	5,525
Gross Amount at Which Carried at Close of Period, Land	48,820
Gross Amount at Which Carried at Close of Period, Building and Improvements	166,265
Total	215,085
Accumulated Depreciation	27,463
Multi-Family Properties \| BLVD 401
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	116,642
Initial Costs, Land	36,595
Initial Costs, Building and Improvements	152,440
Costs Capitalized Subsequent to Acquisition	391
Gross Amount at Which Carried at Close of Period, Land	36,595
Gross Amount at Which Carried at Close of Period, Building and Improvements	152,831
Total	189,426
Accumulated Depreciation	20,555
Multi-Family Properties \| RiverHouse 9 at Port Imperial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	109,221
Initial Costs, Land	2,686
Initial Costs, Building and Improvements	0
Costs Capitalized Subsequent to Acquisition	154,575
Gross Amount at Which Carried at Close of Period, Land	2,686
Gross Amount at Which Carried at Close of Period, Building and Improvements	154,575
Total	157,261
Accumulated Depreciation	11,925
Multi-Family Properties \| RiverHouse 11 at Port Imperial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	99,896
Initial Costs, Land	22,047
Initial Costs, Building and Improvements	0
Costs Capitalized Subsequent to Acquisition	112,471
Gross Amount at Which Carried at Close of Period, Land	22,047
Gross Amount at Which Carried at Close of Period, Building and Improvements	112,471
Total	134,518
Accumulated Depreciation	18,946
Multi-Family Properties \| Signature Place
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	42,944
Initial Costs, Land	930
Initial Costs, Building and Improvements	0
Costs Capitalized Subsequent to Acquisition	56,498
Gross Amount at Which Carried at Close of Period, Land	930
Gross Amount at Which Carried at Close of Period, Building and Improvements	56,498
Total	57,428
Accumulated Depreciation	9,528
Multi-Family Properties \| Quarry Place at Tuckahoe
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	40,763
Initial Costs, Land	5,585
Initial Costs, Building and Improvements	3,400
Costs Capitalized Subsequent to Acquisition	49,002
Gross Amount at Which Carried at Close of Period, Land	5,585
Gross Amount at Which Carried at Close of Period, Building and Improvements	52,402
Total	57,987
Accumulated Depreciation	11,086
Multi-Family Properties \| The Emery at Overlook Ridge
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	71,554
Initial Costs, Land	4,115
Initial Costs, Building and Improvements	86,093
Costs Capitalized Subsequent to Acquisition	10,091
Gross Amount at Which Carried at Close of Period, Land	9,104
Gross Amount at Which Carried at Close of Period, Building and Improvements	91,195
Total	100,299
Accumulated Depreciation	12,150
Multi-Family Properties \| Portside at East Pier
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	55,252
Initial Costs, Land	0
Initial Costs, Building and Improvements	73,713
Costs Capitalized Subsequent to Acquisition	861
Gross Amount at Which Carried at Close of Period, Land	0
Gross Amount at Which Carried at Close of Period, Building and Improvements	74,574
Total	74,574
Accumulated Depreciation	19,008
Multi-Family Properties \| Portside 2 at East Pier
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	96,809
Initial Costs, Land	0
Initial Costs, Building and Improvements	37,114
Costs Capitalized Subsequent to Acquisition	77,324
Gross Amount at Which Carried at Close of Period, Land	0
Gross Amount at Which Carried at Close of Period, Building and Improvements	114,438
Total	114,438
Accumulated Depreciation	19,654
Multi-Family Properties \| 145 Front at City Square
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	62,778
Initial Costs, Land	4,380
Initial Costs, Building and Improvements	0
Costs Capitalized Subsequent to Acquisition	92,306
Gross Amount at Which Carried at Close of Period, Land	4,380
Gross Amount at Which Carried at Close of Period, Building and Improvements	92,306
Total	96,686
Accumulated Depreciation	16,933
Office \| Harborside Plaza 5
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances
Initial Costs, Land	6,218
Initial Costs, Building and Improvements	170,682
Costs Capitalized Subsequent to Acquisition	(8,422)
Gross Amount at Which Carried at Close of Period, Land	3,996
Gross Amount at Which Carried at Close of Period, Building and Improvements	164,482
Total	168,478
Accumulated Depreciation	92,411
Other Property \| 100 Avenue at Port Imperial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	0
Initial Costs, Land	350
Initial Costs, Building and Improvements	0
Costs Capitalized Subsequent to Acquisition	30,644
Gross Amount at Which Carried at Close of Period, Land	1,958
Gross Amount at Which Carried at Close of Period, Building and Improvements	29,036
Total	30,994
Accumulated Depreciation	7,053
Other Property \| 500 Avenue at Port Imperial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	31,480
Initial Costs, Land	13,099
Initial Costs, Building and Improvements	56,669
Costs Capitalized Subsequent to Acquisition	(19,213)
Gross Amount at Which Carried at Close of Period, Land	13,099
Gross Amount at Which Carried at Close of Period, Building and Improvements	37,456
Total	50,555
Accumulated Depreciation	9,894
Other Property \| Port Imperial North Retail
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	0
Initial Costs, Land	4,305
Initial Costs, Building and Improvements	8,216
Costs Capitalized Subsequent to Acquisition	1,123
Gross Amount at Which Carried at Close of Period, Land	4,305
Gross Amount at Which Carried at Close of Period, Building and Improvements	9,339
Total	13,644
Accumulated Depreciation	1,230
Projects Under Development And Developable Land
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	0
Initial Costs, Land	99,644
Initial Costs, Building and Improvements	59,052
Costs Capitalized Subsequent to Acquisition	0
Gross Amount at Which Carried at Close of Period, Land	99,644
Gross Amount at Which Carried at Close of Period, Building and Improvements	59,052
Total	158,696
Accumulated Depreciation	10,200
Furniture, fixtures and equipment
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Related Encumbrances	0
Initial Costs, Land	0
Initial Costs, Building and Improvements	0
Costs Capitalized Subsequent to Acquisition	103,613
Gross Amount at Which Carried at Close of Period, Land	0
Gross Amount at Which Carried at Close of Period, Building and Improvements	103,613
Total	$ 103,613
Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Useful live	40 years

REAL ESTATE INVESTMENTS AND A_3

REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION - Schedule of Changes in Rental Properties and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Rental Properties
Balance at beginning of year	$ 4,046,122	$ 4,076,866	$ 4,638,643
Additions	25,661	845,900	1,002,342
Sales and assets held-for-sale	(608,276)	(747,407)	(1,522,994)
Impairments	(72,019)	(129,237)	(27,547)
Retirements/disposals	0	0	(13,578)
Balance at end of year	3,391,488	4,046,122	4,076,866
Accumulated Depreciation
Balance at beginning of year	631,910	583,416	656,331
Depreciation expense	94,590	102,476	102,062
Sales and assets held-for-sale	(243,217)	(28,924)	(159,541)
Impairments	(39,502)	(25,058)	(1,858)
Retirements/disposals	0	0	(13,578)
Balance at end of year	$ 443,781	$ 631,910	$ 583,416