SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Federal Income Tax Treatment of Share Distributions

The following table summarizes the federal income tax treatment for all distributions by the Company for the years ended 2016, 2015 and 2014.

Federal Income Tax Treatment of Share Distributions

	Years Ended December 31,
	2016		2015	2014
Common Share Distributions:
Ordinary dividends	$	2.10494	2.24258	2.02398
Nondividend distributions	0.05202		0.02774	0.08974
Unrecaptured Section 1250 capital gain	0.12872		0.06968	0.09470
Other capital gain	0.15432		—	0.01158
Total Common Share Distributions	$	2.44000	2.34000	2.22000

Projected amortization of in-place lease intangibles for the next five years

Projected amortization of in-place lease intangibles for the next five years as of December 31, 2016 is as follows:

Years Ending December 31,	(In thousands)
2017	$	3,572
2018	2,545
2019	2,042
2020	1,551
2021	1,150

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

As a result of the adoption of ASU 2015-03, the Company adjusted its December 31, 2015 Balance Sheet as follows:

Balance Sheet Items as of December 31, 2015:	As Presented in the Company’s 2015 Form 10-K		As Presented in the Company’s Form 10-Q Beginning With the Period Ended March 31, 2016
	(In thousands)
Other assets	$	96,186	91,858
Total assets	1,666,232		1,661,904
Secured debt	351,401		350,285
Unsecured debt	530,000		528,210
Unsecured bank credit facilities	150,836		149,414
Total liabilities	1,107,031		1,102,703
Total liabilities and equity	1,666,232		1,661,904