Disclosure about Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Disclosure about Fair Value of Financial Instruments (Tables) [Abstract]

Carrying amounts and estimated fair values of financial instruments

The carrying amounts and estimated fair values of our financial instruments are as follows (in thousands):

		December 31, 2012				December 31, 2011
		Carrying		Fair		Carrying		Fair
		Amount		Value		Amount		Value
Financial Assets:
	Mortgage loans receivable	$	87,955	$	88,975	$	63,934	$	64,194
	Other real estate loans receivable		807,710		820,195		228,573		231,308
	Available-for-sale equity investments		1,384		1,384		980		980
	Cash and cash equivalents		1,033,764		1,033,764		163,482		163,482
Financial Liabilities:
	Borrowings under unsecured lines of credit arrangements	$	0	$	0	$	610,000	$	610,000
	Senior unsecured notes		6,114,151		6,793,424		4,434,107		4,709,736
	Secured debt		2,336,196		2,515,145		2,112,649		2,297,278
	Interest rate swap agreements		264		264		2,854		2,854
	Foreign currency forward contracts		7,247		7,247		0		0

The Market approach utilized to measure fair value of financial assets and liabilities on recurring basis

	Fair Value Measurements as of December 31, 2012
	Total		Level 1		Level 2		Level 3
Available-for-sale equity investments(1)	$	1,384	$	1,384	$	0	$	0
Interest rate swap agreements(2)		(264)		0		(264)		0
Foreign currency forward contract(2)		(7,247)		0		(7,247)		0
Totals	$	(6,127)	$	1,384	$	(7,511)	$	0
(1) Unrealized gains or losses on equity investments are recorded in accumulated other comprehensive income (loss) at each measurement date.
(2) Please see Note 11 for additional information.