UNSECURED DEBT (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The Company’s unsecured debt is detailed below:

	December 31,
	2023		2022
	(In thousands)
Unsecured debt - fixed rate, carrying amount (1)	$	1,680,000	1,695,000
Unamortized debt issuance costs	(3,653)		(3,741)
Unsecured debt, net of debt issuance costs	$	1,676,347	1,691,259

(1)These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps.

Principal payments due during the next five years

Scheduled principal payments on long-term debt, including Unsecured debt, net of debt issuance costs (not including Unsecured bank credit facilities, net of debt issuance costs), as of December 31, 2023 are as follows: 

Years Ending December 31,	(In thousands)
2024	$	170,000
2025	145,000
2026	140,000
2027	175,000
2028	160,000
Thereafter	890,000
Total unsecured debt, before amortization of debt issuance costs	$	1,680,000