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Disclosure about Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2011
Disclosure about Fair Value of Financial Instruments (Tables) [Abstract] 
Carrying amounts and estimated fair values of financial instruments
                                 
    September 30, 2011     December 31, 2010  
    Carrying
Amount
    Fair
Value
    Carrying
Amount
    Fair
Value
 

Financial Assets:

                               

Mortgage loans receivable

  $ 68,378     $ 70,258     $ 109,283     $ 111,255  

Other real estate loans receivable

    252,233       257,382       327,297       333,003  

Available-for-sale equity investments

    789       789       1,103       1,103  

Cash and cash equivalents

    136,676       136,676       131,570       131,570  
         

Financial Liabilities:

                               

Borrowings under unsecured lines of credit arrangements

  $ 390,000     $ 390,000     $ 300,000     $ 300,000  

Senior unsecured notes

    4,432,092       4,564,824       3,034,949       3,267,638  

Secured debt

    1,888,083       2,434,344       1,125,906       1,178,081  

Interest rate swap agreements

    1,368       1,368       482       482  

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The Market approach utilized to measure fair value of financial assets and liabilities on recurring basis
                                 
    Fair Value Measurements as of September 30, 2011  
    Total     Level 1     Level 2     Level 3  

Available-for-sale equity investments (1)

  $ 789     $ 789     $ —       $ —    

Interest rate swap agreements (2)

    (1,368     —         (1,368     —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

  $ (579   $ 789     $ (1,368   $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 

 

(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.