FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

As of March 31, 2017 and December 31, 2016, the carrying amounts and fair values of our financial instruments were as follows:

	March 31, 2017				December 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	91,284	$	91,284	$	286,707	$	286,707
Secured mortgage loans and other	1,343,173		1,361,388		646,972		655,981
Non-mortgage loans receivable, net	54,630		55,218		52,544		53,626
Government-sponsored pooled loan investments	55,244		55,244		55,049		55,049
Derivative instruments	3,445		3,445		3,302		3,302
Liabilities:
Senior notes payable and other debt, gross	12,020,558		12,173,575		11,190,914		11,369,440
Derivative instruments	3,049		3,049		2,316		2,316
Redeemable OP unitholder interests	160,475		160,475		177,177		177,177