FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Financial Instruments Measured at Fair Value on Recurring Basis

The following table presents the Company’s financial instruments measured at fair value on a recurring basis:

(in thousands)	Level 1		Level 2		Level 3		Total Fair Value
As of December 31, 2019
Assets
Derivative instruments	$	—	$	2,514	$	—	$	2,514
Total assets measured at fair value	$	—	$	2,514	$	—	$	2,514
As of December 31, 2018
Assets
Derivative instruments	$	—	$	16,438	$	—	$	16,438
Total assets measured at fair value	$	—	$	16,438	$	—	$	16,438

Carrying Value and Fair Value of Certain Financial Instruments

The table below includes fair values for certain of the Company’s financial instruments for which it is practicable to estimate fair value. The carrying values and fair values of these financial instruments were as follows:

	As of December 31, 2019				As of December 31, 2018
(in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Liabilities
Line of credit	$	378,000	$	378,000	$	324,000	$	324,000
Term loans	500,000		500,000		500,000		500,000
Mortgage notes	719,335		726,049		721,526		698,603