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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands | Dec. 31, 2015 | Nov. 04, 2015 | Jul. 14, 2015 | Dec. 31, 2014
--- | --- | --- | --- | ---
Secured Debt | $100 Million Term Loan Facility |  |  |  |
Fair value of financial instruments |  |  |  |
Floating rate debt | $ 60,100 |  |  | $ 67,792
Face amount of term loan facility | 100,000 |  |  | 100,000
Secured Debt | $253 Million Term Loan Facility |  |  |  |
Fair value of financial instruments |  |  |  |
Restricted cash | 9,750 |  |  | 9,750
Floating rate debt | 145,268 |  |  | 165,568
Face amount of term loan facility | 253,000 |  |  | 253,000
Secured Debt | $44 Million Term Loan Facility |  |  |  |
Fair value of financial instruments |  |  |  |
Floating rate debt | 38,500 |  |  | 41,250
Face amount of term loan facility | 44,000 |  |  | 44,000
Secured Debt | $22 Million Term Loan Facility |  |  |  |
Fair value of financial instruments |  |  |  |
Floating rate debt | 18,625 |  |  | 20,125
Face amount of term loan facility | 22,000 |  | $ 22,000 | 22,000
Line of Credit facility | $98 Million Credit Facility |  |  |  |
Fair value of financial instruments |  |  |  |
Restricted cash | 9,750 |  |  | 0
Floating rate debt | 98,271 |  |  | 0
Face amount of term loan facility | 98,000 | $ 98,000 |  |
Line of Credit facility | $148 Million Credit Facility |  |  |  |
Fair value of financial instruments |  |  |  |
Floating rate debt | 140,383 |  |  |
Face amount of term loan facility | 148,000 |  | $ 148,000 | 148,000
Carrying Value |  |  |  |
Fair value of financial instruments |  |  |  |
Cash and cash equivalents | 121,074 |  |  | 83,414
Restricted cash | 19,815 |  |  | 29,695
Floating rate debt | 588,434 |  |  | 430,135
Estimate of Fair Value Measurement |  |  |  |
Fair value of financial instruments |  |  |  |
Cash and cash equivalents | 121,074 |  |  | 83,414
Restricted cash | 19,815 |  |  | 29,695
Floating rate debt | $ 588,434 |  |  | $ 430,135

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