DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments

Information about our derivative financial instruments at December 31, 2023 and 2022 is as follows (dollar amounts in thousands): 

				Average
				Annual		Notional Amount				Fair Value
				Effective		December 31,				December 31,
Contract date		Effective Date	Expiration Date	Fixed Rate		2023		2022		2023		2022
Operating Partnership:
	October 2, 2017	January 29, 2018	January 31, 2023	1.96	%	$	—	$	100,000	$	—	$	208
	October 2, 2017	January 29, 2018	January 31, 2023	1.98	%	—		100,000		—		210
	June 11, 2018	September 28, 2018	September 30, 2024	2.86	%	75,000		75,000		1,170		2,219
	June 11, 2018	December 31, 2018	December 31, 2025	2.92	%	125,000		125,000		2,877		4,211
	July 26, 2022	January 31, 2023	January 31, 2027	2.60	%	100,000		100,000		3,134		4,366
	July 26, 2022	January 31, 2023	January 31, 2029	2.56	%	100,000		100,000		4,273		5,627
	Total Operating Partnership					400,000		600,000		11,454		16,841
GIC Joint Venture:
	March 24, 2023	July 1, 2023	January 13, 2026	3.35	%	100,000		—		1,254		—
	March 24, 2023	July 1, 2023	January 13, 2026	3.35	%	100,000		—		1,250		—
	Total GIC Joint Venture					200,000		—		2,504		—
	Total					$	600,000	$	600,000	$	13,958	$	16,841

Schedule of Location in Financial Statements of Gain or Loss Recognized on Derivative Financial Instruments Designated as Cash Flow Hedges

The table below details the location in the financial statements of the gain or loss recognized on derivative financial instruments designated as cash flow hedges (in thousands):

 

	For the Year Ended December 31,
	2023		2022		2021
Gain recognized in Accumulated other comprehensive loss on derivative financial instruments	$	8,677	$	29,744	$	5,631
Gain (loss) reclassified from Accumulated other comprehensive income to Interest expense	$	11,561	$	(2,820)	$	(9,496)
Total interest expense and other finance expense presented in the Consolidated Statement of Operations in which the effects of cash flow hedges are recorded	$	86,798	$	65,581	$	43,368