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FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets:    
Unsecured loans receivable, net $ 66,003 $ 38,512
Liabilities:    
Redeemable OP unitholder interests 117,300 111,600
Carrying Amount
   
Assets:    
Cash and cash equivalents 59,791 94,816
Secured loans receivable, net 354,219 354,775
Unsecured loans receivable, net 39,805 38,512
Marketable Securities 48,053 21,454
Liabilities:    
Senior notes payable and other debt, gross 9,442,636 9,320,477
Derivative instruments and other liabilities 10,744 11,105
Redeemable OP unitholder interests 117,261 111,607
Fair Value
   
Assets:    
Cash and cash equivalents 59,791 94,816
Secured loans receivable, net 353,117 355,223
Unsecured loans receivable, net 41,939 40,473
Marketable Securities 48,053 21,454
Liabilities:    
Senior notes payable and other debt, gross 9,655,319 9,405,259
Derivative instruments and other liabilities 10,744 11,105
Redeemable OP unitholder interests $ 117,261 $ 111,607