DEBT (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of outstanding indebtedness

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

	March 31, 2020			December 31, 2019
Revolving debt	$	260,000		$	140,000
Term loans	725,000			725,000
Mortgage loans	156,796			157,726
	1,141,796			1,022,726
Unamortized debt issuance costs	(6,777		)	(6,563		)
Debt, net of debt issuance costs	$	1,135,019		$	1,016,163

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, 2020		Percentage	December 31, 2019		Percentage
Fixed-rate debt	$	548,372	48%	$	549,236	54%
Variable-rate debt	593,424		52%	473,490		46%
	$	1,141,796		$	1,022,726

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, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value		Valuation Technique
Fixed-rate debt	$	148,372	$	148,502	$	149,236	$	151,268	Level 2 - Market approach