DEBT FINANCING (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of debt

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

		December 31,
	Interest Rate(1)	2022		2021
Credit Facility:
Revolving line of credit	5.69%	$	496,000	$	490,000
Term loan A	3.74%	125,000		125,000
Term loan B	2.94%	250,000		250,000
Term loan C	2.91%	225,000		225,000
Term loan D	3.12%	175,000		175,000
Term loan E	5.59%	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	5.37%	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
August 2032 Senior Unsecured Notes	3.09%	100,000		100,000
November 2032 Senior Unsecured Notes	5.06%	200,000		—
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%	299,570		303,944
Total principal		3,560,570		2,948,944
Unamortized debt issuance costs and debt premium, net		(9,391)		(8,013)
Total debt		$	3,551,179	$	2,940,931

(1)Represents the effective interest rate as of December 31, 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 December 31, 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		Premium Amortization and Unamortized Debt Issuance Costs		Total
2023	$	376,813	$	(2,343)	$	374,470
2024	767,964		(1,958)		766,006
2025	227,185		(1,382)		225,803
2026	212,322		(1,219)		211,103
2027	87,369		(884)		86,485
Thereafter	1,888,917		(1,605)		1,887,312
	$	3,560,570	$	(9,391)	$	3,551,179