DEBT FINANCING (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of debt

The Company's outstanding debt as of December 31, 2019 and 2018 is summarized as follows (dollars in thousands):

		December 31,
	Interest Rate(1)	2019		2018
Credit Facility:
Revolving line of credit	3.06%	$	—	$	139,500
Term loan A	3.74%	125,000		235,000
Term loan B	2.91%	250,000		155,000
Term loan C	2.80%	225,000		105,000
Term loan D	3.57%	175,000		125,000
2023 Term loan facility	2.83%	175,000		175,000
2028 Term loan facility	4.62%	75,000		75,000
2029 Term loan facility	4.27%	100,000		—
2029 Senior Unsecured Notes	3.98%	100,000		—
2031 Senior Unsecured Notes	4.08%	50,000		—
Fixed rate mortgages payable	4.16%	264,260		268,138
Total principal		1,539,260		1,277,638
Unamortized debt issuance costs and debt premium, net		(5,213)		464
Total debt		$	1,534,047	$	1,278,102

^{(1)Represents the effective interest rate as of December 31, 2019. Effective interest rate incorporates the stated rate plus the impact of interest rate cash flow hedges and discount and premium amortization, if applicable. For the revolving line of credit, the effective interest rate excludes fees for unused borrowings.}

Schedule of future debt maturities

Based on existing debt agreements in effect as of December 31, 2019, the scheduled principal and maturity payments for the Company's outstanding borrowings are presented in the table below (in thousands):

Year Ending December 31,	Scheduled Principal and Maturity Payments		Premium Amortization and Unamortized Debt Issuance Costs		Total
2020	$	40,647	$	(1,161)	$	39,486
2021	7,603		(1,509)		6,094
2022	4,205		(1,511)		2,694
2023	377,049		(1,159)		375,890
2024	271,964		(790)		271,174
After 2025	837,792		917		838,709
	$	1,539,260	$	(5,213)	$	1,534,047