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REVOLVING CREDIT FACILITY (Details) - USD ($) $ in Thousands | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Oct. 26, 2022
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |  |  |
Debt amount | $ 2,800,000 | $ 2,800,000 |
Loan procurement costs capitalized | 53,700 | $ 53,900 |
Revolver |  |  |
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |  |  |
Remaining borrowing capacity | 831,300 |  |
Outstanding letter of credit | $ 600 |  |
Interest rate (as a percent) | 6.41% |  |
Credit Facility | Minimum |  |  |
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |  |  |
Fixed charge coverage ratio | 1.5 |  |
Credit Facility | Maximum |  |  |
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |  |  |
Total indebtedness to total asset value ratio (as a percent) | 60.00% |  |
Credit Facility | Revolver |  |  |
SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS |  |  |
Maximum borrowing capacity |  |  | $ 850,000
Interest rate, basis spread (as a percent) | 0.775% |  |
Facility fee (as a percent) | 0.15% |  |
Facility fee, adjustment (as a percent) | 0.10% |  |

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