FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023								December 31, 2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Deferred compensation liability	$	—	$	2,369	$	—	$	2,369	$	—	$	2,411	$	—	$	2,411
Interest rate swap asset	$	—	$	7,909	$	—	$	7,909	$	—	$	9,986	$	—	$	9,986
Interest rate swap liability	$	—	$	388	$	—	$	388	$	—	$	196	$	—	$	196

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, 2023				December 31, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured notes payable, net	$	74,601	$	75,854	$	74,578	$	75,129
Unsecured term loans, net	$	322,628	$	325,000	$	249,428	$	250,000
Unsecured senior guaranteed notes, net	$	798,465	$	772,082	$	798,362	$	761,470
Senior unsecured notes, net	$	491,921	$	409,455	$	491,663	$	403,500
Unsecured line of credit, net	$	—	$	—	$	34,057	$	36,000