DEBT (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of outstanding indebtedness

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

	March 31, 2018			December 31, 2017
Revolving debt	$	125,000		$	15,000
Term loans	515,000			515,000
Mortgage loans	341,074			343,109
	981,074			873,109
Unamortized debt issuance costs	(5,758		)	(4,873		)
Debt, net of debt issuance costs	$	975,316		$	868,236

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 derivatives, is as follows (in thousands):

	March 31, 2018		December 31, 2017
Fixed-rate debt	$	584,501	$	386,313
Variable-rate debt	396,573		486,796
	$	981,074	$	873,109

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):

	March 31, 2018				December 31, 2017
	Carrying Value		Fair Value		Carrying Value		Fair Value		Valuation Technique
Fixed-rate debt	$	309,501	$	308,600	$	311,313	$	310,535	Level 2 - Market approach