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FAIR VALUE MEASUREMENTS - Effect of derivatives on Consolidated Statements of Income (Details) | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2021 USD ($) property | Jun. 30, 2020 USD ($) property | Jun. 30, 2021 USD ($) | Jun. 30, 2020 USD ($) | Dec. 31, 2020 USD ($)
FAIR VALUE MEASUREMENTS |  |  |  |  |
Amount of (loss) gain recognized on derivatives in other comprehensive loss | $ (340,000) | $ (713,000) | $ 753,000 | $ (5,641,000) |
Amount of reclassification from Accumulated other comprehensive loss into Interest expense | $ (1,181,000) | $ (1,142,000) | (1,589,000) | (1,252,000) |
Number of Properties Sold | property | 3 | 3 |  |  |
Interest rate swap | Prepayment costs on debt |  |  |  |  |
FAIR VALUE MEASUREMENTS |  |  |  |  |
Amounts reclassified from Accumulated other comprehensive loss into Interest Expense as a result of forecasted transactions being no longer probable of occurring | $ 784,000 | $ 775,000 | 784,000 | 775,000 |
Interest rate swap | Cash flow hedges |  |  |  |  |
FAIR VALUE MEASUREMENTS |  |  |  |  |
Reclassification of realized gain (loss) from Accumulated other comprehensive income (loss) to earnings | 0 | $ 0 | 0 | $ 0 |
Additional amount to be reclassified during the next twelve months |  |  | (1,256,000) |  |
Credit risk related contingent feature |  |  |  |  |
Accrued interest on derivatives in a liability position | 92,000 |  | 92,000 |  | $ 120,000
Fair value of derivative in a liability position, including accrued interest but excluding adjustments for non-performance risk | 2,832,000 |  | 2,832,000 |  | 5,314,000
Termination liability value | 2,832,000 |  | 2,832,000 |  | 5,314,000
Interest rate swap | Cash flow hedges | Accrued expenses and other liabilities |  |  |  |  |
Credit risk related contingent feature |  |  |  |  |
Adjustments for non-performance risk | $ 71,000 |  | $ 71,000 |  | $ 182,000

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- Definition The amount of adjustments for non-performance risk as applicable to the termination value of derivatives in a liability position. + References No definition available. + Details
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- Definition The aggregate fair value of assets needed to immediately settle the derivative instruments with credit-risk-related contingent features if the credit-risk-related contingent features were triggered at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4H -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624258-113959 + Details
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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121549185&loc=d3e80748-113994 + Details
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 + Details
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