DEBT (Tables)

6 Months Ended

Jun. 30, 2015

Debt Instrument [Line Items]

Schedule of Maturities of Debt

The following is a schedule of maturities for the Company’s outstanding debt as of June 30, 2015 (in thousands): 

	Mortgage Indebtedness		Senior Notes (1)		Revolving Credit     Facility (2)		Term Loans (2)		Total
July 1, 2015 through December 31, 2015	$	1,705	$	—	$	—	$	—	$	1,705
2016	3,494		—		—		—		3,494
2017	3,608		—		—		—		3,608
2018	3,727		—		122,000		200,000		325,727
2019	3,849		—		—		—		3,849
Thereafter	125,869		700,000		—		72,846		898,715
	$	142,252	$	700,000	$	122,000	$	272,846	$	1,237,098

⁽¹⁾ Outstanding principal balance for Senior Notes does not include discount of $0.7 million as of June 30, 2015.

⁽²⁾ Revolving Credit Facility and U.S. term loan are subject to a one-year extension option.

Mortgages [Member]

Debt Instrument [Line Items]

Schedule of Long Term Debt

The Company’s mortgage notes payable consist of the following (dollars in thousands):

Interest Rate Type	Book Value as of June 30, 2015		Book Value as of December 31, 2014		Weighted Average Effective Interest Rate at June 30, 2015 (1)		Maturity Date
Fixed Rate	$	142,252	$	124,022	3.77	%	December 2021 -  August 2051

⁽¹⁾ Weighted average effective rate includes private mortgage insurance.

Senior Unsecured Notes [Member]

Debt Instrument [Line Items]

Schedule of Long Term Debt

The Company’s senior unsecured notes consist of the following (dollars in thousands):

		Principal Balance as of
Title	Maturity Date	June 30, 2015 (1)		December 31, 2014 (1)
5.5% senior unsecured notes due 2021 (“2021 Notes”)	February 1, 2021	$	500,000	$	500,000
5.375% senior unsecured notes due 2023 (“2023 Notes”)	June 1, 2023	200,000		200,000
		$	700,000	$	700,000

⁽¹⁾ Outstanding principal balance for Senior Notes does not include discount of $0.7 million as of June 30, 2015 and December 31, 2014.