Disclosure about Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 as of the dates presented (in thousands):

	December 31, 2019				December 31, 2018
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Mortgage loans receivable	$	145,686	$	150,217	$	249,071	$	257,337
Other real estate loans receivable	124,696		128,512		81,268		82,742
Equity securities	15,685		15,685		11,286		11,286
Cash and cash equivalents	284,917		284,917		215,376		215,376
Restricted cash	100,849		100,849		100,753		100,753
Non real estate loans receivable	336,854		379,239		282,443		384,150
Foreign currency forward contracts, interest rate swaps and cross currency swaps	18,554		18,554		94,729		94,729
Financial liabilities:
Borrowings under unsecured credit facility and commercial paper	$	1,587,597	$	1,587,597	$	1,147,000	$	1,147,000
Senior unsecured notes	10,336,513		11,400,571		9,603,299		10,043,797
Secured debt	2,990,962		3,041,893		2,476,177		2,499,130
Foreign currency forward contracts, interest rate swaps and cross currency swaps	53,601		53,601		71,109		71,109
Redeemable OP unitholder interests	$	121,440	$	121,440	$	103,071	$	103,071

Summary of Items Measured at Fair Value on Recurring Basis, Assets

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

	Fair Value Measurements as of December 31, 2019
	Total			Level 1		Level 2			Level 3
Equity securities	$	15,685		$	15,685	$	—		$	—
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)	(35,047		)	—		(35,047		)	—
Redeemable OP unitholder interests	121,440			—		121,440			—
Totals	$	102,078		$	15,685	$	86,393		$	—

⁽¹⁾ Please see Note 12 for additional information.

Summary of Items Measured at Fair Value on Recurring Basis, Liabilities

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

	Fair Value Measurements as of December 31, 2019
	Total			Level 1		Level 2			Level 3
Equity securities	$	15,685		$	15,685	$	—		$	—
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)	(35,047		)	—		(35,047		)	—
Redeemable OP unitholder interests	121,440			—		121,440			—
Totals	$	102,078		$	15,685	$	86,393		$	—

⁽¹⁾ Please see Note 12 for additional information.