FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2020				As of December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	992,824	$	992,824	$	106,363	$	106,363
Escrow deposits and restricted cash	36,312		36,312		39,739		39,739
Secured mortgage loans and other, net	633,582		529,374		645,546		646,925
Non-mortgage loans receivable, net	16,146		15,007		63,724		63,538
Marketable debt securities	220,630		220,630		237,360		237,360
Government-sponsored pooled loan investments, net	48,249		48,249		59,066		59,066
Derivative instruments	707		707		738		738
Liabilities:
Senior notes payable and other debt, gross	12,628,317		13,095,984		12,245,802		12,778,758
Derivative instruments	31,962		31,962		12,987		12,987
Redeemable OP Units	119,233		119,233		171,178		171,178