FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Carrying amounts and fair values of financial instruments

As of March 31, 2014 and December 31, 2013, the carrying amounts and fair values of our financial instruments were as follows:

	March 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	59,791	$	59,791	$	94,816	$	94,816
Secured loans receivable, net	354,219		353,117		354,775		355,223
Unsecured loans receivable, net	39,805		41,939		38,512		40,473
Marketable debt securities	48,053		48,053		21,454		21,454
Liabilities:
Senior notes payable and other debt, gross	9,442,636		9,655,319		9,320,477		9,405,259
Derivative instruments and other liabilities	10,744		10,744		11,105		11,105
Redeemable OP unitholder interests	117,261		117,261		111,607		111,607