FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

As of June 30, 2017 and December 31, 2016, the carrying amounts and fair values of our financial instruments were as follows:

	June 30, 2017				December 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	103,353	$	103,353	$	286,707	$	286,707
Secured mortgage loans and other, net	1,339,886		1,359,831		646,972		655,981
Non-mortgage loans receivable, net	53,724		54,587		52,544		53,626
Government-sponsored pooled loan investments	55,518		55,518		55,049		55,049
Derivative instruments	6,716		6,716		3,302		3,302
Liabilities:
Senior notes payable and other debt, gross	11,992,233		12,234,725		11,190,914		11,369,440
Derivative instruments	2,358		2,358		2,316		2,316
Redeemable OP unitholder interests	171,114		171,114		177,177		177,177