Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Carrying amounts and fair values of financial instruments

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

	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	55,348	$	55,348	$	94,816	$	94,816
Secured loans receivable, net	766,641		774,789		354,775		355,223
Unsecured loans receivable, net	21,862		23,164		38,542		40,473
Government-sponsored pooled loan investments	63,115		63,115		21,454		21,454
Marketable securities	76,046		76,046		—		—
Liabilities:
Senior notes payable and other debt, gross	10,872,371		11,197,131		9,320,477		9,405,259
Derivative instruments and other liabilities	2,743		2,743		11,230		11,230
Redeemable OP unitholder interests	159,134		159,134		111,607		111,607