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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Financial Instruments with Fair Values Different from their Carrying Amount | The following are financial instruments for which the Company’s estimates of fair value differ from the carrying amounts (in thousands):
|  | December 31, 2022 |  | December 31, 2021
|  | Carrying Amount (a) |  | Fair Value |  | Carrying Amount (a) |  | Fair Value
Unsecured notes payable |  | $ | 1,549,760 |  |  | $ | 1,411,351 |  |  | $ | 1,502,368 |  |  | $ | 1,588,780 |
Variable rate debt |  | $ | 415,278 |  |  | $ | 386,988 |  |  | $ | 351,218 |  |  | $ | 344,754 |
Notes receivable (b) |  | $ | — |  |  | $ | — |  |  | $ | 44,430 |  |  | $ | 45,230 |
(a)Net of deferred financing costs of $7.5 million and $5.8 million for unsecured notes payable, $1.8 million and $0.4 million for variable rate debt as of December 31, 2022 and December 31, 2021, respectively. (b)For further detail, refer to Note 5 “Debt and Preferred Equity Investments.”

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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