DEBT (Tables)

8 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Aggregate Amount of Required Future Principal Payments on Mortgages Payable

The aggregate amount of required future principal payments on mortgages payable and term loans as of December 31, 2018 is as follows:

	(in thousands)
2019	$	28,587
2020	87,592
2021	104,553
2022	40,917
2023	48,546
Thereafter	280,779
Total payments	$	590,974

Summary of Indebtedness

The following table summarizes our indebtedness at December 31, 2018:

	(in thousands)
	December 31, 2018			April 30, 2018			April 30, 2017			Weighted Average Maturity in Years
Unsecured line of credit	$	57,500		$	124,000		$	57,050		3.67
Term loans	145,000			70,000			—			5.86
Unsecured debt	202,500			194,000			57,050
Mortgages payable - fixed (1)	445,974			489,401			629,535			3.61
Mortgages payable - variable(1)	—			22,739			57,708
Construction debt - variable	—			—			41,737
Total debt	$	648,474		$	706,140		$	786,030
Weighted average interest rate on unsecured line of credit	3.72		%	3.35		%	2.67		%
Weighted average interest rate on term loans (rate with swaps)	4.01		%	3.86		%	—
Weighted average interest rate on mortgages payable(1)	4.58		%	4.69		%	4.71		%
Weighted average interest rate on construction debt	—			—			3.27		%

(1) Includes mortgages payable related to assets held for sale and assets of discontinued operations at April 30, 2017.