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DEBT (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of outstanding indebtedness
Debt, net of debt issuance costs, is as follows (in thousands):

 March 31, 2021December 31, 2020
Revolving debt$87,500 $222,500 
Term loans626,500 725,000 
Convertible notes287,500 — 
Mortgage loans152,993 153,978 
 1,154,493 1,101,478 
Unamortized debt issuance costs(14,279)(6,733)
Debt, net of debt issuance costs$1,140,214 $1,094,745 
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, 2021PercentageDecember 31, 2020Percentage
Fixed-rate debt$832,336 72%$545,754 50%
Variable-rate debt322,157 28%555,724 50%
$1,154,493 $1,101,478 
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, 2021December 31, 2020 
 Carrying
Value
Fair ValueCarrying
Value
Fair ValueValuation Technique
Convertible notes$287,500 $317,721 $— $— Level 1 - Market approach
Fixed-rate mortgage loans144,836 143,685 145,754 143,244 Level 2 - Market approach
$432,336 $461,406 $145,754 $143,244