FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021				As of December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	233,837	$	233,837	$	413,327	$	413,327
Escrow deposits and restricted cash	40,931		40,931		38,313		38,313
Stock warrants	94,328		94,328		50,098		50,098
Secured mortgage loans and other, net	555,083		538,417		555,840		508,707
Non-mortgage loans receivable, net	57,360		57,638		57,077		57,009
Marketable debt securities	214,874		214,874		237,553		237,553
Government-sponsored pooled loan investments, net	41,088		41,088		49,727		49,727
Derivative instruments	176		176		2		2
Liabilities:
Senior notes payable and other debt, gross	11,850,556		12,746,646		11,983,071		13,075,337
Derivative instruments	20,059		20,059		28,338		28,338
Redeemable OP Units	168,639		168,639		145,983		145,983