MORTGAGES, NOTES AND LOANS PAYABLE (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Summary of mortgages, notes and loans payable

Mortgages, notes and loans payable are summarized as follows: 

	June 30,			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	621,959			499,299
Special Improvement District bonds	21,235			27,576
Variable-rate debt:
Mortgages, notes and loans payable (a)	1,520,577			1,350,914
Unamortized bond issuance costs	(6,502		)	(6,898		)
Deferred financing costs	(19,496		)	(12,946		)
Total mortgages, notes and loans payable, net	$	3,137,773		$	2,857,945

(a) As more fully described in Note 9 - Derivative Instruments and Hedging Activities, as of June 30, 2018 and December 31, 2017, $172.5 million and $428.3 million, respectively, of variable‑rate debt has been swapped to a fixed-rate or is subject to fixed interest rate collar contracts for the term of the related debt.