FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2015

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



	September 30, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	65,231	$	65,231	$	55,348	$	55,348
Secured loans receivable, net	703,003		709,527		739,766		748,842
Unsecured loans receivable, net	33,210		34,421		17,620		19,058
Government-sponsored pooled loan investments	63,704		63,704		63,115		63,115
Marketable securities	—		—		76,046		76,046
Liabilities:
Senior notes payable and other debt, gross	11,333,707		11,550,381		10,872,371		11,197,131
Derivative instruments and other liabilities	3,036		3,036		2,743		2,743
Redeemable OP unitholder interests	188,473		188,473		159,134		159,134