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DEBT (Tables)

3 Months Ended

Mar. 31, 2019

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



	March 31, 2019			December 31, 2018
Revolving debt	$	125,000		$	115,000
Term loans	650,000			650,000
Mortgage loans	192,686			200,011
	967,686			965,011
Unamortized debt issuance costs	(5,860		)	(6,299		)
Debt, net of debt issuance costs	$	961,826		$	958,712

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

Our total fixed-rate and variable-rate debt, after considering our interest rate derivative agreements that are currently effective, is as follows (in thousands):



	March 31, 2019		Percentage	December 31, 2018		Percentage
Fixed-rate debt	$	562,000	58%	$	569,103	59%
Variable-rate debt	405,686		42%	395,908		41%
	$	967,686		$	965,011

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, 2019				December 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value		Valuation Technique
Fixed-rate debt	$	162,000	$	160,638	$	169,103	$	166,256	Level 2 - Market approach

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details