MORTGAGES, NOTES AND LOANS PAYABLE (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Summary of mortgages, notes and loans payable

Mortgages, notes and loans payable are summarized as follows: 

	March 31,			December 31,
(In thousands)	2018			2017
Fixed-rate debt:
Unsecured 5.375% Senior Notes	$	1,000,000		$	1,000,000
Secured mortgages, notes and loans payable	497,960			499,299
Special Improvement District bonds	24,528			27,576
Variable-rate debt:
Mortgages, notes and loans payable (a)	1,392,732			1,350,914
Unamortized bond issuance costs	(6,701		)	(6,898		)
Deferred financing costs	(12,748		)	(12,946		)
Total mortgages, notes and loans payable, net	$	2,895,771		$	2,857,945

(a) As more fully described in Note 9 - Derivative Instruments and Hedging Activities, $409.4 million and $428.3 million of variable‑rate debt has been swapped to a fixed-rate for the term of the related debt as of March 31, 2018 and December 31, 2017, respectively.