DEBT FINANCING (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The Company's outstanding debt as of March 31, 2023 and December 31, 2022 is summarized as follows (dollars in thousands):

	Interest Rate(1)		March 31, 2023		December 31, 2022
Credit Facility:
Revolving line of credit	6.20	%	$	660,500	$	496,000
Term loan A	—	%	—		125,000
Term loan B	3.23	%	275,000		250,000
Term loan C	3.19	%	325,000		225,000
Term loan D	2.92	%	275,000		175,000
Term loan E	4.91	%	130,000		125,000
2023 Term loan facility	—	%	—		175,000
2028 Term loan facility	4.62	%	75,000		75,000
April 2029 Term loan facility	4.27	%	100,000		100,000
June 2029 Term loan facility	5.37	%	285,000		285,000
2026 Senior Unsecured Notes	2.16	%	35,000		35,000
2029 Senior Unsecured Notes	3.98	%	100,000		100,000
August 2030 Senior Unsecured Notes	2.99	%	150,000		150,000
November 2030 Senior Unsecured Notes	2.72	%	75,000		75,000
May 2031 Senior Unsecured Notes	3.00	%	90,000		90,000
August 2031 Senior Unsecured Notes	4.08	%	50,000		50,000
November 2031 Senior Unsecured Notes	2.81	%	175,000		175,000
August 2032 Senior Unsecured Notes	3.09	%	100,000		100,000
November 2032 Senior Unsecured Notes	5.06	%	200,000		200,000
May 2033 Senior Unsecured Notes	3.10	%	55,000		55,000
November 2033 Senior Unsecured Notes	2.96	%	125,000		125,000
2036 Senior Unsecured Notes	3.06	%	75,000		75,000
Fixed rate mortgages payable	3.85	%	298,428		299,570
Total principal			3,653,928		3,560,570
Unamortized debt issuance costs and debt premium, net			(10,343)		(9,391)
Total debt			$	3,643,585	$	3,551,179

(1)Represents the effective interest rate as of March 31, 2023. 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 March 31, 2023, 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		Amortization of Premium and Unamortized Debt Issuance Costs		Total
Remainder of 2023	$	75,671	$	(2,193)	$	73,478
2024	296,964		(2,704)		294,260
2025	327,185		(1,663)		325,522
2026	312,322		(1,357)		310,965
2027	747,869		(859)		747,010
2028	220,624		(713)		219,911
Thereafter	1,673,293		(854)		1,672,439
	$	3,653,928	$	(10,343)	$	3,643,585