FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020				As of December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	2,848,115	$	2,848,115	$	106,363	$	106,363
Escrow deposits and restricted cash	38,144		38,144		39,739		39,739
Secured mortgage loans and other, net	567,247		444,187		645,546		646,925
Non-mortgage loans receivable, net	44,301		39,915		63,724		63,538
Marketable debt securities	189,024		189,024		237,360		237,360
Government-sponsored pooled loan investments, net	56,470		56,470		59,066		59,066
Derivative instruments	1,676		1,676		738		738
Liabilities:
Senior notes payable and other debt, gross	14,256,769		14,223,577		12,245,802		12,778,758
Derivative instruments	30,413		30,413		12,987		12,987
Redeemable OP Units	100,763		100,763		171,178		171,178