DEBT (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2015 (in thousands):

	Mortgage Indebtedness		Senior Notes (1)		Prior Revolving Credit Facility (2)		Prior Terms Loans (2)		Total
2016	$	4,136	$	—	$	—	$	—	$	4,136
2017	4,278		—		—		—		4,278
2018	4,425		—		255,000		200,000		459,425
2019	4,577		—				—		4,577
2020	4,734		—		—		64,890		69,624
Thereafter	155,700		700,000		—		—		855,700
	$	177,850	$	700,000	$	255,000	$	264,890	$	1,397,740

⁽¹⁾ Outstanding principal balance for Senior Notes does not include discount of $0.6 million and $0.7 million as of December 31, 2015 and 2014, respectively.

⁽²⁾ Prior Revolving Credit Facility and prior U.S. term loan were subject to a one-year extension option. On January 14, 2016, the Company entered into a third amended and restated Credit Facility, which among other things, extended the maturity date of the Revolving Credit Facility to January 14, 2020 (subject to twosix-month extension options), extended the maturity date of the term loans to January 14, 2021 and increased the amount outstanding under the the U.S. and Canadian term loans by $45.0 million and CAD $35.0 million, respectively.

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 December 31, 2015		Book Value as of December 31, 2014		Weighted Average Effective Interest Rate at December 31, 2015		Maturity Date
Fixed Rate	$	177,850	$	124,022	4.01	%	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	December 31, 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 does not include discount of $0.6 million and $0.7 million as of December 31, 2015 and 2014, respectively.