DEBT FINANCING (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The Company's outstanding debt as of June 30, 2022 and December 31, 2021 is summarized as follows (dollars in thousands):

	Interest Rate(1)	June 30, 2022		December 31, 2021
Credit Facility:
Revolving line of credit	3.04%	$	285,000	$	490,000
Term loan A	3.69%	125,000		125,000
Term loan B	2.89%	250,000		250,000
Term loan C	2.86%	225,000		225,000
Term loan D	3.07%	175,000		175,000
Term loan E	2.94%	125,000		125,000
2023 Term loan facility	2.83%	175,000		175,000
2028 Term loan facility	4.62%	75,000		75,000
April 2029 term loan facility	4.27%	100,000		100,000
June 2029 term loan facility	3.34%	285,000		—
2026 Senior Unsecured Notes	2.16%	35,000		35,000
2029 Senior Unsecured Notes	3.98%	100,000		100,000
August 2030 Senior Unsecured Notes	2.99%	150,000		150,000
November 2030 Senior Unsecured Notes	2.72%	75,000		75,000
May 2031 Senior Unsecured Notes	3.00%	90,000		90,000
August 2031 Senior Unsecured Notes	4.08%	50,000		50,000
November 2031 Senior Unsecured Notes	2.81%	175,000		175,000
2032 Senior Unsecured Notes	3.09%	100,000		100,000
May 2033 Senior Unsecured Notes	3.10%	55,000		55,000
November 2033 Senior Unsecured Notes	2.96%	125,000		—
2036 Senior Unsecured Notes	3.06%	75,000		75,000
Fixed rate mortgages payable	3.82%	301,781		303,944
Total principal		3,151,781		2,948,944
Unamortized debt issuance costs and debt premium, net		(9,488)		(8,013)
Total debt		$	3,142,293	$	2,940,931

(1)Represents the effective interest rate as of June 30, 2022. Effective interest rate incorporates the stated rate plus the impact of interest rate cash flow hedges and discount and premium amortization, if applicable. For the revolving line of credit, the effective interest rate excludes fees for unused borrowings.

Schedule of Future Debt Maturities

Based on existing debt agreements in effect as of June 30, 2022, the scheduled principal and maturity payments for the Company's outstanding borrowings are presented in the table below (in thousands):

Year Ending December 31,	Scheduled Principal and Maturity Payments		Amortization of Premium and Unamortized Debt Issuance Costs		Total
Remainder of 2022	$	2,211	$	(1,288)	$	923
2023	376,813		(2,213)		374,600
2024	556,964		(1,828)		555,136
2025	512,185		(1,253)		510,932
2026	212,322		(1,090)		211,232
2027	212,369		(759)		211,610
Thereafter	1,278,917		(1,057)		1,277,860
	$	3,151,781	$	(9,488)	$	3,142,293