FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Carrying amounts and fair values of financial instruments

As of June 30, 2014 and December 31, 2013, the carrying amounts and fair values of our financial instruments were as follows:

	June 30, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	86,635	$	86,635	$	94,816	$	94,816
Secured loans receivable, net	353,089		352,211		354,775		355,223
Unsecured loans receivable, net	41,365		42,031		38,542		40,473
Marketable securities	109,044		109,044		21,454		21,454
Liabilities:
Senior notes payable and other debt, gross	9,576,777		9,874,595		9,320,477		9,405,259
Derivative instruments and other liabilities	10,993		10,993		11,105		11,105
Redeemable OP unitholder interests	123,609		123,609		111,607		111,607