Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Summary of Fair Value Information of Financial Instruments

The following table summarizes fair value estimates for our financial instruments (in thousands):

	December 31, 2018						December 31, 2017
Asset (Liability)	Book Value			Fair Value			Book Value			Fair Value
Interest and rent receivables	$	25,855		$	24,942		$	78,970		$	78,028
Loans(1)		1,471,520			1,490,758			1,698,471			1,722,101
Debt, net		(4,037,389	)		(3,947,795	)		(4,898,667	)		(5,073,707	)

(1) Excludes loans to Ernest that are recorded at fair value – see below for further details.

Equity Interest in Related Party and Related Loans Measured at Fair Value on Recurring Basis

At December 31, 2018 and 2017, the amounts recorded under the fair value option method were as follows (in thousands):

	As of December 31, 2018				As of December 31, 2017				Asset Type
Asset (Liability)	Fair Value		Original Cost		Fair Value		Original Cost		Classification
Mortgage loans	$	115,000	$	115,000	$	115,000	$	115,000	Mortgage loans
Equity investment and other loans		—		—		114,554		118,354	Other loans/other assets
	$	115,000	$	115,000	$	229,554	$	233,354