Disclosure about Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Mortgage loans receivable	$	919,812	$	935,528	$	293,752	$	297,207
Other real estate loans receivable	177,487		173,889		149,620		152,211
Equity securities	3,061		3,061		4,636		4,636
Cash and cash equivalents	513,602		513,602		1,545,046		1,545,046
Restricted cash	295,102		295,102		475,997		475,997
Non-real estate loans receivable	198,364		202,877		240,269		255,724
Foreign currency forward contracts, interest rate swaps and cross currency swaps	6,256		6,256		4,668		4,668
Equity warrants	32,419		32,419		—		—
Financial liabilities:
Senior unsecured notes	$	11,157,732	$	12,544,312	$	11,420,790	$	13,093,926
Secured debt	2,304,178		2,364,951		2,377,930		2,451,782
Foreign currency forward contracts, interest rate swaps and cross currency swaps	89,929		89,929		118,054		118,054
Redeemable OP unitholder interests	$	148,332	$	148,332	$	116,240	$	115,346

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, 2021
	Total		Level 1		Level 2		Level 3
Equity securities	$	3,061	$	3,061	$	—	$	—
Equity warrants	32,419		—		—		32,419
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability) (1)	(83,673)		—		(83,673)		—
Totals	$	(48,193)	$	3,061	$	(83,673)	$	32,419

(1) Please see Note 12 for additional information.