FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

As of June 30, 2015 and December 31, 2014, the carrying amounts and fair values of our financial instruments were as follows:

	June 30, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	60,532	$	60,532	$	55,348	$	55,348
Secured loans receivable, net	726,183		723,423		766,641		774,789
Unsecured loans receivable, net	35,408		36,843		21,862		23,164
Government-sponsored pooled loan investments	63,225		63,225		63,115		63,115
Marketable securities	—		—		76,046		76,046
Liabilities:
Senior notes payable and other debt, gross	11,492,273		11,859,324		10,872,371		11,197,131
Derivative instruments and other liabilities	3,447		3,447		2,743		2,743
Redeemable OP unitholder interests	190,461		190,461		159,134		159,134