FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis

The following table presents our financial instruments measured at fair value on a recurring basis:

							Total
(in thousands)	Level 1		Level 2		Level 3		Fair Value
As of June 30, 2023
Assets:
Derivative instruments	$	—	$	38,686	$	—	$	38,686
Available-for-sale debt securities		—		14,960		70,238		85,198
Total assets measured at fair value	$	—	$	53,646	$	70,238	$	123,884
As of December 31, 2022
Assets:
Derivative instruments	$	—	$	24,448	$	—	$	24,448
Available-for-sale debt securities		—		14,896		—		14,896
Total assets measured at fair value	$	—	$	39,344	$	—	$	39,344

Schedule of Financial Instruments Measured at Fair Value on a Nonrecurring Basis

	As of June 30, 2023				As of December 31, 2022
	Carrying		Fair		Carrying		Fair
(in thousands)	Value (1)		Value		Value (1)		Value
Assets:
Debt-related investments	$	278,415	$	272,458	$	263,122	$	260,841
DST Program Loans		103,314		99,310		81,897		79,049
Liabilities:
Line of credit	$	352,000	$	352,000	$	235,000	$	235,000
Term loans		800,000		800,000		800,000		800,000
Mortgage notes		517,475		477,969		587,916		541,558

(1) The carrying value reflects the principal amount outstanding.