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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Financial liabilities measured at fair value on recurring basis
A summary of our financial liabilities that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows (in thousands):
 March 31, 2020December 31, 2019
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Deferred compensation liability$—  $1,726  $—  $1,726  $—  $1,669  $—  $1,669  
Interest rate swap asset$—  $—  $—  $—  $—  $434  $—  $434  
Interest rate swap liability$—  $6,997  $—  $6,997  $—  $1,317  $—  $1,317  
Carrying amount and fair value of financial instruments A summary of the carrying amount and fair value of our secured financial instruments, all of which are based on Level 2 inputs, is as follows (in thousands):  
 March 31, 2020December 31, 2019
 Carrying ValueFair ValueCarrying ValueFair Value
Secured notes payable, net$110,892  $111,750  $161,879  $166,885  
Unsecured term loans, net$248,988  $250,000  $248,864  $250,000  
Unsecured senior guaranteed notes, net$947,048  $1,036,521  $946,916  $975,291  
Unsecured line of credit$—  $—  $—  $—