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DEBT (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of outstanding indebtedness
Debt, net of debt issuance costs, is as follows (in thousands):

 March 31, 2022December 31, 2021
Revolving debt$68,500 $68,500 
Term loans972,000 562,000 
Convertible notes287,500 287,500 
Mortgage loans168,640 163,315 
 1,496,640 1,081,315 
Unamortized debt issuance costs(14,745)(11,518)
Debt, net of debt issuance costs$1,481,895 $1,069,797 
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, 2022PercentageDecember 31, 2021Percentage
Fixed-rate debt$848,249 57%$842,858 78%
Variable-rate debt648,391 43%238,457 22%
$1,496,640 $1,081,315 
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, 2022December 31, 2021 
 Carrying
Value
Fair ValueCarrying
Value
Fair ValueValuation Technique
Convertible notes$287,500 $303,003 $287,500 $300,384 Level 1 - Market approach
Fixed-rate mortgage loans160,749 154,852 155,358 155,765 Level 2 - Market approach
$448,249 $457,855 $442,858 $456,149