FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Instrument Carrying Amounts and Fair Values

The table below summarizes the carrying amounts and fair value of these financial instruments as of June 30, 2021 and December 31, 2020.

	As of June 30, 2021				As of December 31, 2020
(Amounts in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	321,200	$	321,200	$	384,572	$	384,572
Liabilities:
Mortgages payable(1)	$	1,586,446	$	1,592,638	$	1,597,397	$	1,611,868
Other liabilities(2)	$	4,714	$	4,660	$	—	$	—

(1) Carrying amounts exclude unamortized debt issuance costs of $9.0 million and $9.9 million as of June 30, 2021 and December 31, 2020, respectively.

(2) Includes mortgage debt on properties held for sale as of June 30, 2021.