FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2012

FAIR VALUES OF FINANCIAL INSTRUMENTS

Carrying amounts and fair values of financial instruments

	September 30, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	58,530	$	58,530	$	45,807	$	45,807
Secured loans receivable, net		215,775		221,225		212,577		216,315
Derivative instruments		—		—		11		11
Marketable debt securities		42,950		42,950		43,331		43,331
Unsecured loans receivable, net		60,877		64,001		63,598		65,219
Liabilities:
Senior notes payable and other debt, gross		7,264,105		7,327,567		6,180,443		6,637,691
Derivative instruments and other liabilities		90,751		90,751		80,815		80,815
Redeemable OP unitholder interests		113,908		113,908		102,837		102,837