Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 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 December 31, 2020				As of December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	413,327	$	413,327	$	106,363	$	106,363
Escrow deposits and restricted cash	38,313		38,313		39,739		39,739
Stock warrants	50,098		50,098		—		—
Secured mortgage loans and other, net	555,840		508,707		645,546		646,925
Non-mortgage loans receivable, net	57,077		57,009		63,724		63,538
Marketable debt securities	237,553		237,553		237,360		237,360
Government-sponsored pooled loan investments, net	49,727		49,727		59,066		59,066
Derivative instruments	2		2		738		738
Liabilities:
Senior notes payable and other debt, gross	11,983,071		13,075,337		12,245,802		12,778,758
Derivative instruments	28,338		28,338		12,987		12,987
Redeemable OP Units	145,983		145,983		171,178		171,178