FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Carrying amounts and fair values of financial instruments

As of September 30, 2013 and December 31, 2012, the carrying amounts and fair values of our financial instruments were as follows:

	September 30, 2013				December 31, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	54,672	$	54,672	$	67,908	$	67,908
Secured loans receivable, net	379,727		388,780		635,002		636,714
Unsecured loans receivable, net	38,238		40,762		62,118		65,146
Marketable debt securities	21,162		21,162		5,400		5,400
Liabilities:
Senior notes payable and other debt, gross	9,359,018		9,471,240		8,186,315		8,600,450
Derivative instruments and other liabilities	16,360		16,360		45,966		45,966
Redeemable OP unitholder interests	111,697		111,697		114,933		114,933