FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Carrying amounts and fair values of financial instruments

As of September 30, 2014 and December 31, 2013, the carrying amounts and fair values of our financial instruments were as follows:

	September 30, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	64,595	$	64,595	$	94,816	$	94,816
Secured loans receivable, net	344,948		355,559		354,775		355,223
Unsecured loans receivable, net	22,898		23,333		38,542		40,473
Marketable securities	88,662		88,662		21,454		21,454
Liabilities:
Senior notes payable and other debt, gross	10,450,864		10,761,254		9,320,477		9,405,259
Derivative instruments and other liabilities	4,238		4,238		11,105		11,105
Redeemable OP unitholder interests	119,537		119,537		111,607		111,607