DERIVATIVE AND HEDGING INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Instruments Designated as Hedging Instruments

The following is a summary of the derivative and financial instruments designated as hedging instruments held by the Company at June 30, 2015 and December 31, 2014 (in thousands):    

			June 30, 2015		December 31, 2014		Maturity Dates
Type	Designation	Count	Fair Value					Balance Sheet Location
Assets:
Interest rate cap	Cash Flow	1	$	3,066	$	4,618	2019	Prepaid expenses, deferred financing costs and other assets, net
Liabilities:
Interest rate swap	Cash Flow	1	$	1,137	$	—	2020	Accounts payable and accrued liabilities
Cross currency interest rate swaps	Net Investment	2	164		—		2025	Accounts payable and accrued liabilities
CAD Term Loan	Net Investment	1	72,846		—		2020	Term loans
			$	74,147	$	—

Schedule of Derivative Financial Instruments on the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Equity

The following presents the effect of the Company’s derivative financial instruments on the condensed consolidated statements of income and the condensed consolidated statements of equity for the three and six months ended June 30, 2015:

	Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)						Gain (Loss) Reclassified from Accumulated Other Comprehensive Income Into Income (Effective Portion)						Income Statement Location
	Three Months Ended June 30, 2015			Six Months Ended June 30, 2015			Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
Cash Flow Hedges:
Interest Rate Products	$	(1,169	)	$	(2,714	)	$	(25	)	$	(25	)	Interest Expense
Net Investment Hedges:
Foreign Currency Products	(164		)	(164		)	—			—			N/A
CAD Term Loan	(396		)	(396		)	—			—			N/A
	$	(1,729	)	$	(3,274	)	$	(25	)	$	(25	)

Schedule of the Gross Presentation, Effects of Offsetting, and a Net Presentation of Derivatives, Assets

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of June 30, 2015:

							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets / Liabilities presented in the Balance Sheet		Financial Instruments			Cash Collateral Received		Net Amount
Offsetting Assets:
Derivatives	$	3,066	$	—	$	3,066	$	(32	)	$	—	$	3,034
Offsetting Liabilities:
Derivatives	$	1,301	$	—	$	1,301	$	(32	)	$	—	$	1,269

Schedule of the Gross Presentation, Effects of Offsetting, and a Net Presentation of Derivatives, Liabilities

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of June 30, 2015:

							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets / Liabilities presented in the Balance Sheet		Financial Instruments			Cash Collateral Received		Net Amount
Offsetting Assets:
Derivatives	$	3,066	$	—	$	3,066	$	(32	)	$	—	$	3,034
Offsetting Liabilities:
Derivatives	$	1,301	$	—	$	1,301	$	(32	)	$	—	$	1,269