FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value, Assets Measured on Recurring Basis

The following tables set forth our financial assets measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021, by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.


	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	June 30, 2022		June 30, 2022
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Cash and cash equivalents	$	118,854	$	118,854	$	—	$	—	Market
Restricted cash	177,951		177,951		—		—		Market
Derivative assets	748		—		748		—		Income
Total assets	$	297,553	$	296,805	$	748	$	—





	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2021		December 31, 2021
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Cash and cash equivalents	$	188,078	$	188,078	$	—	$	—	Market
Restricted cash	251,983		251,983		—		—		Market
Derivative assets	2,220		—		2,220		—		Income
Total	$	442,281	$	440,061	$	2,220	$	—

Fair Value, by Balance Sheet Grouping

The fair value of our bonds and notes payable reported as Debt, net in the Consolidated Balance Sheets are presented in the table below:


	June 30, 2022		December 31, 2021
Series 2020 A Bonds (1)	$	143,857	$	189,773
Series 2020 B Bonds (1)	80,014		81,637
Series 2021 A Bonds (1)	161,095		222,023
Series 2021 B Bonds (1)	177,616		194,278
Senior Notes due 2025	802,766		881,408
Senior Notes due 2027	396,668		448,848
Senior Notes due 2028	829,500		1,019,470

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(1) Fair value is based upon market prices for similar municipal securities.