REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS (Details)
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9 Months Ended |
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Apr. 06, 2017
USD ($)
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Apr. 04, 2017
USD ($)
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Oct. 26, 2015
USD ($)
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Dec. 17, 2013
USD ($)
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Jun. 20, 2011
USD ($)
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Sep. 30, 2017
USD ($)
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Dec. 31, 2016
USD ($)
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Apr. 22, 2015
USD ($)
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Loan procurement costs, net of amortization |
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$ 1,709,000
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$ 2,150,000
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| Unsecured term loan |
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299,295,000
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398,749,000
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| Less: Loan procurement costs, net |
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(1,709,000)
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(2,150,000)
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| Term Loan B |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Unsecured term loan |
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$ 100,000,000
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100,000,000
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| Effective interest rate (as a percent) |
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3.62%
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| Term Loan Facility | Maximum |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Total indebtedness to total asset value ratio (as a percent) |
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60.00%
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| Percentage of funds from operations that can be distributed on common shares |
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95.00%
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| Term Loan Facility | Term Loan A |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Maximum borrowing capacity |
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$ 100,000,000
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| Term of debt instrument |
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5 years
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| Write off of unamortized cost |
$ 200,000
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| Variable interest rate basis |
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LIBOR
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| Repayment of outstanding debt |
$ 100,000,000
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| Unsecured term loan |
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100,000,000
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| Term Loan Facility | Term Loan A | Baa2/BBB |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Interest rate, basis spread (as a percent) |
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1.30%
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| Term Loan Facility | Term Loan B |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Maximum borrowing capacity |
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$ 100,000,000
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| Term of debt instrument |
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7 years
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| Variable interest rate basis |
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LIBOR
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| Term Loan Facility | Term Loan B | Baa2/BBB |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Interest rate, basis spread (as a percent) |
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1.15%
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| Credit Facility |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Loan procurement costs, net of amortization |
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$ 705,000
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1,251,000
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| Unsecured term loan |
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300,000,000
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400,000,000
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| Less: Loan procurement costs, net |
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(705,000)
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(1,251,000)
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| Total unsecured term loans, net |
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$ 299,295,000
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398,749,000
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| Effective weighted average interest rate (as a percent) |
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2.82%
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| Tangible net worth |
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$ 821,211,200
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| Net proceeds from equity issuances added to minimum tangible net worth (as a percent) |
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75.00%
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| Credit Facility | Minimum |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Fixed charge coverage ratio |
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1.50
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| Credit Facility | Maximum |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Total indebtedness to total asset value ratio (as a percent) |
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60.00%
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| Percentage of funds from operations that can be distributed on common shares |
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95.00%
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| Credit Facility | Revolver |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Maximum borrowing capacity |
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$ 500,000,000
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| Interest rate, basis spread (as a percent) |
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1.25%
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| Facility fee (as a percent) |
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0.15%
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| Remaining borrowing capacity |
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$ 432,600,000
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| Outstanding letter of credit |
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700,000
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| Credit Facility | Unsecured term loan |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Unsecured term loan |
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$ 200,000,000
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$ 200,000,000
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| Effective interest rate (as a percent) |
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2.53%
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| Senior notes 4.375% due 2023 |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Proceeds from senior notes |
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$ 50,000,000
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$ 250,000,000
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| Interest rate (as a percent) |
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4.375%
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4.375%
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4.375%
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| Effective interest rate (as a percent) |
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3.495%
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4.501%
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4.33%
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| Effective weighted average interest rate (as a percent) |
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4.33%
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| Senior notes 4.000% due 2025 |
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| SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |
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| Proceeds from senior notes |
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$ 50,000,000
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$ 250,000,000
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| Interest rate (as a percent) |
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4.00%
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4.00%
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4.00%
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| Effective interest rate (as a percent) |
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3.811%
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4.032%
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3.99%
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| Effective weighted average interest rate (as a percent) |
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3.994%
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