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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments with Fair Values Different from their Carrying Amount The following are financial instruments for which the Company’s estimates of fair value differ from the carrying amounts (in thousands):
March 31, 2022December 31, 2021
Carrying Amount (a)Fair ValueCarrying Amount (a)Fair Value
Unsecured notes payable$1,502,235 $1,515,265 $1,502,368 $1,588,780 
Variable rate debt$484,348 $466,999 $351,218 $344,754 
Notes receivable (b)$44,430 $44,862 $44,430 $45,230 
(a)Net of deferred financing costs of $5.5 million and $5.8 million for unsecured notes payable and $0.3 million and $0.4 million for variable rate debt as of March 31, 2022 and December 31, 2021.
(b)For further detail, refer to Note , ''Debt and Preferred Equity Investments."