XML 56 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS (Details)
9 Months Ended 12 Months Ended
Apr. 22, 2015
USD ($)
Apr. 21, 2015
USD ($)
Dec. 17, 2013
USD ($)
Jun. 20, 2011
USD ($)
Sep. 30, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 09, 2011
USD ($)
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Loan procurement costs, net of amortization         $ 2,313,000 $ 2,800,000  
Unsecured term loan borrowings outstanding         398,608,000 398,183,000  
Term Loan Facility              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Loan procurement costs capitalized           2,300,000  
Loan procurement costs, net of amortization         $ 1,400,000 1,800,000  
Write off of unamortized cost           $ 100,000  
Net proceeds from equity issuances added to minimum tangible net worth (as a percent)         75.00%    
Term Loan Facility | Minimum              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Fixed charge coverage ratio         1.50    
Tangible net worth         $ 821,211,200    
Term Loan Facility | Maximum              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Total indebtedness to total asset value ratio (as a percent)         60.00%    
Percentage of funds from operations that can be distributed on common shares         95.00%    
Term Loan Facility | Term Loan A              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Maximum borrowing capacity       $ 100,000,000      
Term of debt instrument       5 years      
Term Loan Facility | Term Loan A | Baa2/BBB              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Interest rate, basis spread (as a percent)         1.30%    
Variable interest rate basis         LIBOR    
Term Loan Facility | Term Loan B              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Maximum borrowing capacity       $ 100,000,000      
Term of debt instrument       7 years      
Term Loan Facility | Term Loan B | Baa2/BBB              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Interest rate, basis spread (as a percent)         1.15%    
Variable interest rate basis         LIBOR    
Term Loan Facility | Unsecured term loan              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Unsecured term loan borrowings outstanding         $ 200,000,000    
Credit Facility              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Effective weighted average interest rate (as a percent)         2.68%    
Net proceeds from equity issuances added to minimum tangible net worth (as a percent)         75.00%    
Credit Facility | Minimum              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Fixed charge coverage ratio         1.50    
Tangible net worth         $ 821,211,200    
Credit Facility | Maximum              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Total indebtedness to total asset value ratio (as a percent)         60.00%    
Percentage of funds from operations that can be distributed on common shares         95.00%    
Credit Facility | Revolver              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Maximum borrowing capacity $ 500,000,000 $ 300,000,000         $ 300,000,000
Interest rate, basis spread (as a percent)         1.25%    
Variable interest rate basis         LIBOR    
Facility fee (as a percent) 0.15% 0.20%     0.15%    
Remaining borrowing capacity         $ 499,300,000    
Outstanding letter of credit         $ 700,000    
Credit Facility | Term Loan C              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Maximum borrowing capacity             100,000,000
Repayment of outstanding debt     $ 100,000,000        
Credit Facility | Term Loan D              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Maximum borrowing capacity             $ 200,000,000
Interest rate, basis spread (as a percent)         1.30%    
Credit Facility | Unsecured term loan              
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS              
Unsecured term loan borrowings outstanding         $ 200,000,000