DEBT (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of outstanding indebtedness

Debt, net of debt issuance costs, is as follows (in thousands):

	September 30, 2016			December 31, 2015
Revolving debt	$	15,000		$	95,000
Term loans	290,000			215,000
Mortgage loans	319,550			367,096
	624,550			677,096
Unamortized debt issuance costs	(5,658		)	(5,560		)
Debt, net of debt issuance costs	$	618,892		$	671,536

Schedule of fixed-rate and variable-rate debt, after giving effect to interest rate derivative

Our total fixed-rate and variable-rate debt, after giving effect to our interest rate derivative, is as follows (in thousands):

	September 30, 2016		December 31, 2015
Fixed-rate debt	$	361,666	$	402,673
Variable-rate debt	262,884		274,423
	$	624,550	$	677,096

Schedule of the fair value of fixed-rate that is debt not recorded at fair value

Information about the fair value of our fixed-rate debt that is not recorded at fair value is as follows (in thousands):

	September 30, 2016				December 31, 2015
	Carrying Value		Fair Value		Carrying Value		Fair Value		Valuation Technique
Fixed-rate debt	$	286,666	$	290,568	$	327,673	$	321,841	Level 2 - Market approach