Quarterly report pursuant to Section 13 or 15(d)

DEBT FINANCING - Narrative (Details)

v3.21.2
DEBT FINANCING - Narrative (Details)
9 Months Ended
Aug. 09, 2021
Sep. 30, 2021
USD ($)
Jul. 09, 2021
USD ($)
property
May 03, 2021
USD ($)
Unsecured debt | Credit Facility        
Debt Instrument [Line Items]        
Maximum borrowing capacity   $ 1,400,000,000    
Maximum borrowing capacity if expansion option is exercised   1,750,000,000    
Unsecured debt | 2026 Senior Unsecured Notes        
Debt Instrument [Line Items]        
Debt issued       $ 35,000,000
Interest rate       2.16%
Unsecured debt | 2031 Notes        
Debt Instrument [Line Items]        
Debt issued       $ 90,000,000
Interest rate       3.00%
Unsecured debt | 2033 Notes        
Debt Instrument [Line Items]        
Debt issued       $ 55,000,000
Interest rate       3.10%
Fixed rate mortgages payable | 2028 Fixed Rate Mortgage Payable        
Debt Instrument [Line Items]        
Debt issued     $ 88,000,000  
Interest rate     2.77%  
Number of properties securing debt | property     8  
Revolving line of credit | Revolving line of credit | Credit Facility        
Debt Instrument [Line Items]        
Maximum borrowing capacity   500,000,000    
Revolving line of credit remaining borrowing capacity   494,300,000    
Term loan A | Unsecured debt | Credit Facility        
Debt Instrument [Line Items]        
Maximum borrowing capacity   125,000,000    
Term loan B | Unsecured debt | Credit Facility        
Debt Instrument [Line Items]        
Maximum borrowing capacity   250,000,000    
Term loan C | Unsecured debt | Credit Facility        
Debt Instrument [Line Items]        
Maximum borrowing capacity   225,000,000    
Term loan D | LIBOR | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate (percent) 1.10%      
Credit rating pricing election (percent) 0.80%      
Term loan D | LIBOR | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate (percent) 1.55%      
Credit rating pricing election (percent) 1.60%      
Term loan D | Base Rate | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate (percent) 0.10%      
Credit rating pricing election (percent) 0.00%      
Term loan D | Base Rate | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate (percent) 0.55%      
Credit rating pricing election (percent) 0.60%      
Term loan D | Unsecured debt | Credit Facility        
Debt Instrument [Line Items]        
Maximum borrowing capacity   $ 175,000,000    
Term loan E | Fed Funds Rate        
Debt Instrument [Line Items]        
Basis spread on variable rate (percent)   0.50%    
Term loan E | LIBOR        
Debt Instrument [Line Items]        
Basis spread on variable rate (percent)   1.00%    
Term loan E | LIBOR | Minimum        
Debt Instrument [Line Items]        
Leverage based margin threshold (percent)   1.10%    
Credit rating pricing election (percent)   0.80%    
Term loan E | LIBOR | Maximum        
Debt Instrument [Line Items]        
Leverage based margin threshold (percent)   1.55%    
Credit rating pricing election (percent)   1.60%    
Term loan E | Base Rate | Minimum        
Debt Instrument [Line Items]        
Leverage based margin threshold (percent)   0.10%    
Credit rating pricing election (percent)   0.00%    
Term loan E | Base Rate | Maximum        
Debt Instrument [Line Items]        
Leverage based margin threshold (percent)   0.55%    
Credit rating pricing election (percent)   0.60%    
Term loan E | Unsecured debt | Credit Facility        
Debt Instrument [Line Items]        
Maximum borrowing capacity   $ 125,000,000    
Letter of credit | Revolving line of credit | Credit Facility        
Debt Instrument [Line Items]        
Letters of credit outstanding   $ 5,700,000