DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2016

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Summary of fair value of the Company's derivative financial instruments which are included in accounts payable and accrued liabilities in the Consolidated Balance Sheet

										Fair Value Asset (Liability)
			Notional		Fixed Interest		Effective	Maturity		December 31,
(In thousands)		Balance Sheet Location	Amount		Rate		Date	Date		2016		2015
Currently-paying contracts:
Interest Rate Swap	(b)	Accounts payable and accrued liabilities	$	22,703	2.96	%	5/10/2011	10/31/2019		$	(740)	$	(1,185)
Interest Rate Swap	(b)	Accounts payable and accrued liabilities		143,000	1.30		10/3/2011	9/30/2016	(a)		—		(747)
Interest Rate Swap	(b)	Accounts payable and accrued liabilities		40,000	1.66		5/6/2015	5/1/2020			(143)		(361)
Interest Rate Swap	(b)	Accounts payable and accrued liabilities		119,359	1.14		10/3/2016	9/12/2021			3,368		—
Interest Rate Cap	(b)	Accounts payable and accrued liabilities		100,000	5.00		8/31/2015	8/31/2017			—		1
Interest Rate Cap	(c)	Accounts payable and accrued liabilities		230,000	2.50		12/22/2016	12/23/2019			768		—
Forward-starting contracts:
Interest Rate Swap	(b)	Accounts payable and accrued liabilities		50,000	2.65		12/31/2017	12/31/2027			(610)		(377)
Interest Rate Swap	(b)	Accounts payable and accrued liabilities		100,000	2.68		12/31/2017	12/31/2027			(1,479)		(1,003)
Interest Rate Swap	(b)	Accounts payable and accrued liabilities		100,000	2.62		12/31/2017	12/31/2027			(1,015)		(545)
Total fair value derivative assets										$	4,136	$	1
Total fair value derivative liabilities										$	(3,987)	$	(4,218)

(a) Interest rate swap matured as scheduled.

(b) Denotes derivatives designated as hedging instruments.

(c) Denotes derivative contract that could not be designated as a hedging instrument as of December 31, 2016 as this cap hedges debt that is not yet drawn.

Summary of effect of the Company's derivative financial instruments on the Condensed Consolidated Statements of Operations

	Amount of Loss Recognized
	in AOCI on Derivative
	Year Ended December 31,
Derivatives in Cash Flow Hedging Relationships	2016		2015		2014
Interest rate swaps	$	831	$	(1,705)	$	(1,192)

	Amount of Loss Reclassified from
	AOCI into Operations
	Year Ended December 31,
Location of Loss Reclassified from AOCI into Operations	2016		2015		2014
Interest expense	$	(1,364)	$	(1,745)	$	(2,195)