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CREDIT FACILITIES AND LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments The following table summarizes certain details related to the Company’s credit facilities outstanding as of December 31, 2020 and 2019 (in thousands, except interest rates):
As of December 31, 2020
Borrowing
Capacity
Outstanding
Amount

Weighted
Average
Interest Rate
End of
Revolving
Period
Final
Maturity
Date
Revolving Facility 2018-1$250,000 $— 4.28 %February 10, 2021May 10, 2021
Revolving Facility 2018-2750,000 — 4.36 %September 23, 2022December 23, 2022
Revolving Facility 2018-3100,000 25,385 4.19 %June 1, 2023June 1, 2023
Revolving Facility 2019-1300,000 32,535 3.58 %March 4, 2022March 4, 2022
Revolving Facility 2019-21,030,000 230,352 3.08 %July 8, 2021July 7, 2022
Revolving Facility 2019-3475,000 50,901 3.60 %August 22, 2022August 21, 2023
Total$2,905,000 $339,173 
As of December 31, 2019
Outstanding
Amount
Weighted Average
Interest Rate
Revolving Facility 2016-1$39,346 6.17 %
Revolving Facility 2017-125,758 7.00 %
Revolving Facility 2018-1126,450 5.62 %
Revolving Facility 2018-2194,293 6.00 %
Revolving Facility 2018-3111,411 4.65 %
Revolving Facility 2019-1206,399 3.81 %
Revolving Facility 2019-2327,226 3.41 %
Revolving Facility 2019-342,812 3.02 %
Total$1,073,695 
The following table summarizes certain details related to the Company’s mezzanine term debt facilities as of December 31, 2020 (in thousands, except interest rates):
As of December 31, 2020
Borrowing
Capacity
Outstanding
Amount
Interest
Rate
End of Draw
Period
Final
Maturity
Date
Term Debt Facility 2016-M1$149,000 $40,000 10.00 %October 31, 2022April 30, 2024
Term Debt Facility 2020-M1300,000 100,000 10.00 %January 23, 2023January 23, 2026
Total$449,000 $140,000 
Issuance Costs(4,533)
Carrying Value$135,467 
The following tables summarize certain details related to the Company’s mortgage financing (in thousands, except interest rates):
As of December 31, 2020
Borrowing
Capacity
Outstanding
Amount
Weighted Average Interest Rate
End of Revolving Period
Final
Maturity
Date
Repo Facility 2019-R1$50,000 $7,149 1.94 %April 29, 2021April 29, 2021
As of December 31, 2019
Outstanding Amount
Weighted Average Interest Rate
Repo Facility 2019-R1$2,021 3.98 %