DEBT (Tables)

9 Months Ended

Sep. 30, 2016

Long term debt, by type [Table Text Block]

In connection with the adoption of ASU 2015-03, which is described in further detail in Note 17, the Company presents debt issuance costs as reductions of Secured debt, Unsecured debt and Unsecured bank credit facilities on the Consolidated Balance Sheets as detailed below.



	September 30, 2016			December 31, 2015
	(In thousands)
Secured debt - fixed rate, carrying amount	$	262,081		351,401
Unamortized debt issuance costs	(1,171		)	(1,116	)
Secured debt	260,910			350,285

Unsecured debt - fixed rate, carrying amount ⁽¹⁾	555,000			530,000
Unamortized debt issuance costs	(1,965		)	(1,790	)
Unsecured debt	553,035			528,210

Unsecured bank credit facilities - variable rate, carrying amount	126,581			150,836
Unsecured bank credit facilities - fixed rate, carrying amount ⁽¹⁾	80,000			—
Unamortized debt issuance costs	(1,130		)	(1,422	)
Unsecured bank credit facilities	205,451			149,414

Total debt	$	1,019,396		1,027,909

Principal payments due during the next five years

Scheduled principal payments on long-term debt, including Secured debt and Unsecured debt (not including Unsecured bank credit facilities), as of September 30, 2016 are as follows:



Years Ending December 31,	(In thousands)
Remainder of 2016	$	3,485
2017	58,239
2018	61,316
2019	130,569
2020	114,097
2021 and beyond	449,375
Total	$	817,081