FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Financial Instrument Carrying Amounts and Fair Values

The table below summarizes the carrying amounts and fair value of these financial instruments as of September 30, 2020 and December 31, 2019.

	As of September 30, 2020				As of December 31, 2019
(Amounts in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	646,432	$	646,432	$	432,954	$	432,954
Liabilities:
Mortgages payable(1)	$	1,600,590	$	1,617,137	$	1,556,248	$	1,590,503
Unsecured credit facility	250,000		250,000		—		—

(1) Carrying amounts exclude unamortized debt issuance costs of $10.3 million and $10.1 million as of September 30, 2020 and December 31, 2019, respectively.