FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2022

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 (dollars in thousands):

	As of December 31, 2022				As of December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	122,564	$	122,564	$	149,725	$	149,725
Escrow deposits and restricted cash	48,181		48,181		46,872		46,872
Stock warrants (1)	23,621		23,621		48,884		48,884
Secured mortgage loans and other, net	493,669		493,627		488,913		478,931
Non-mortgage loans receivable, net (1)	24,338		23,416		19,024		19,039
Government-sponsored pooled loan investments, net	43,406		43,406		41,213		41,213
Derivative instruments (1)	24,316		24,316		1,128		1,128
Liabilities:
Senior notes payable and other debt, gross	12,361,244		11,493,824		12,093,138		12,891,937
Derivative instruments (2)	145		145		12,290		12,290
Redeemable OP Units	162,663		162,663		182,112		182,112

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(1)Included in other assets on our Consolidated Balance Sheets.

(2)Included in accounts payable and other liabilities on our Consolidated Balance Sheets.