FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 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 September 30, 2021				As of December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	143,770	$	143,770	$	413,327	$	413,327
Escrow deposits and restricted cash	52,752		52,752		38,313		38,313
Stock warrants	68,884		68,884		50,098		50,098
Secured mortgage loans and other, net	488,999		477,114		555,840		508,707
Non-mortgage loans receivable, net	63,989		64,346		57,077		57,009
Marketable debt securities	—		—		237,553		237,553
Government-sponsored pooled loan investments, net	41,440		41,440		49,727		49,727
Derivative instruments	763		763		2		2
Liabilities:
Senior notes payable and other debt, gross	12,142,746		13,040,731		11,983,071		13,075,337
Derivative instruments	16,286		16,286		28,338		28,338
Redeemable OP Units	194,424		194,424		145,983		145,983