FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of our financial instruments were as follows:

	As of June 30, 2019				As of December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	81,987	$	81,987	$	72,277	$	72,277
Secured mortgage loans and other, net	637,860		638,072		439,491		425,290
Non-mortgage loans receivable, net	59,570		57,669		54,164		54,081
Marketable debt securities	230,618		230,618		206,442		206,442
Government-sponsored pooled loan investments	55,791		55,791		56,378		56,378
Derivative instruments	1,992		1,992		6,012		6,012
Liabilities:
Senior notes payable and other debt, gross	10,346,903		10,770,652		10,829,702		10,617,074
Derivative instruments	21,870		21,870		4,561		4,561
Redeemable OP Units	204,895		204,895		174,552		174,552