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Disclosure about Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure about Fair Value of Financial Instruments (Tables) [Abstract]  
Carrying amounts and estimated fair values of financial instruments
March 31, 2014December 31, 2013
Carrying AmountFair ValueCarrying AmountFair Value
Financial assets:
Mortgage loans receivable$ 154,320$ 157,006$ 146,987$ 148,088
Other real estate loans receivable 197,081 201,123 185,159 188,920
Available-for-sale equity investments 1,760 1,760 1,211 1,211
Cash and cash equivalents 185,928 185,928 158,780 158,780
Foreign currency forward contracts 17,130 17,130 - -
Interest rate swap agreements 25 25 38 38
Financial liabilities:
Borrowings under unsecured line of credit arrangements$ 562,000$ 562,000$ 130,000$ 130,000
Senior unsecured notes 7,377,789 7,987,921 7,379,308 7,743,730
Secured debt 2,917,314 3,030,057 3,058,248 3,168,775
Foreign currency forward contracts 13,440 13,440 11,637 11,637
The Market approach utilized to measure fair value of financial assets and liabilities on recurring basis
Fair Value Measurements as of March 31, 2014
TotalLevel 1Level 2Level 3
Available-for-sale equity investments(1)$ 1,760$ 1,760$ -$ -
Interest rate swap agreements, net(2) 25 - 25 -
Foreign currency forward contracts, net(2) 3,690 - 3,690 -
Totals$ 5,475$ 1,760$ 3,715$ -
(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.