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FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets:    
Unsecured loans receivable, net $ 22,898 $ 38,542
Liabilities:    
Redeemable OP unitholder interests 119,500 111,600
Carrying Amount
   
Assets:    
Cash and cash equivalents 64,595 94,816
Secured loans receivable, net 344,948 354,775
Unsecured loans receivable, net 22,898 38,542
Marketable securities 88,662 21,454
Liabilities:    
Senior notes payable and other debt, gross 10,450,864 9,320,477
Derivative instruments and other liabilities 4,238 11,105
Redeemable OP unitholder interests 119,537 111,607
Fair Value
   
Assets:    
Cash and cash equivalents 64,595 94,816
Secured loans receivable, net 355,559 355,223
Unsecured loans receivable, net 23,333 40,473
Marketable securities 88,662 21,454
Liabilities:    
Senior notes payable and other debt, gross 10,761,254 9,405,259
Derivative instruments and other liabilities 4,238 11,105
Redeemable OP unitholder interests $ 119,537 $ 111,607