Disclosure about Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [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):

	June 30, 2019				December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Mortgage loans receivable	$	264,398	$	274,116	$	249,071	$	257,337
Other real estate loans receivable	104,596		105,706		81,268		82,742
Equity securities	11,860		11,860		11,286		11,286
Cash and cash equivalents	268,666		268,666		215,376		215,376
Restricted cash	91,052		91,052		100,753		100,753
Foreign currency forward contracts, interest rate swaps and cross currency swaps	91,290		91,290		94,729		94,729
Financial liabilities:
Unsecured revolving credit facility and commercial paper note program	$	1,869,188	$	1,869,188	$	1,147,000	$	1,147,000
Senior unsecured notes	10,606,106		11,026,259		9,603,299		10,043,797
Secured debt	2,675,507		2,737,838		2,476,177		2,499,130
Foreign currency forward contracts, interest rate swaps and cross currency swaps	32,249		32,249		71,109		71,109
Redeemable OP unitholder interests	$	121,476	$	121,476	$	103,071	$	103,071

Summary of Items Measured at Fair Value on a Recurring Basis

The following summarizes items measured at fair value on a recurring basis (in thousands):

	Fair Value Measurements as of June 30, 2019
	Total		Level 1		Level 2		Level 3
Equity securities	$	11,860	$	11,860	$	—	$	—
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)	59,041		—		59,041		—
Redeemable OP unitholder interests	121,476		—		121,476		—
Totals	$	192,377	$	11,860	$	180,517	$	—

⁽¹⁾ Please see Note 12 for additional information.