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FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2022
Financial Instruments, Owned, at Fair Value [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis

The following table presents our financial instruments measured at fair value on a recurring basis:

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Total

(in thousands)

​

Level 1

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Level 2

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Level 3

​

 Fair Value

As of June 30, 2022

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​

​

​

​

​

​

​

​

​

​

​

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Derivative instruments

​

$

—

​

$

7,425

​

$

—

​

$

7,425

Total assets measured at fair value

​

$

—

​

$

7,425

​

$

—

​

$

7,425

Liabilities:

​

 

  

​

 

  

​

 

  

​

 

  

Derivative instruments

​

$

—

​

$

2,019

​

$

—

​

$

2,019

Total liabilities measured at fair value

​

$

—

​

$

2,019

​

$

—

​

$

2,019

As of December 31, 2021

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​

 

  

​

 

  

​

 

  

Assets:

​

 

  

​

 

  

​

 

  

​

 

  

Derivative instruments

​

$

—

​

$

323

​

$

—

​

$

323

Total assets measured at fair value

​

$

—

​

$

323

​

$

—

​

$

323

Liabilities:

​

 

  

​

 

  

​

 

  

​

 

  

Derivative instruments

​

$

—

​

$

11,236

​

$

—

​

$

11,236

Total liabilities measured at fair value

​

$

—

​

$

11,236

​

$

—

​

$

11,236

Schedule of Financial Instruments Measured at Fair Value on a Nonrecurring Basis

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As of June 30, 2022

​

As of December 31, 2021

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Carrying

    

Fair

​

Carrying

    

Fair

(in thousands)

​

Value (1)

​

Value

​

Value (1)

​

Value

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Debt-related investments

​

$

108,782

​

$

108,782

​

$

106,463

​

$

106,463

DST Program Loans

​

 

86,706

​

 

85,344

​

 

62,123

​

 

62,123

Liabilities:

​

 

  

​

 

  

​

 

  

​

 

  

Line of credit

​

$

383,000

​

$

383,000

​

$

256,000

​

$

256,000

Term loans

​

 

800,000

​

 

798,603

​

 

525,000

​

 

525,000

Mortgage notes

​

 

588,397

​

 

552,816

​

 

589,554

​

 

600,467

(1)The carrying value reflects the principal amount outstanding.