FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 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 September 30, 2019				As of December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	148,063	$	148,063	$	72,277	$	72,277
Secured mortgage loans and other, net	653,691		653,656		439,491		425,290
Non-mortgage loans receivable, net	62,852		62,952		54,164		54,081
Marketable debt securities	227,947		227,947		206,442		206,442
Government-sponsored pooled loan investments	56,023		56,023		56,378		56,378
Derivative instruments	1,462		1,462		6,012		6,012
Liabilities:
Senior notes payable and other debt, gross	12,140,420		12,709,558		10,829,702		10,617,074
Derivative instruments	14,832		14,832		4,561		4,561
Redeemable OP Units	218,515		218,515		174,552		174,552