FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

As of September 30, 2016 and December 31, 2015, the carrying amounts and fair values of our financial instruments were as follows:

	September 30, 2016				December 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	89,279	$	89,279	$	53,023	$	53,023
Secured loans receivable, net	757,107		776,410		793,433		816,849
Non-mortgage loans receivable, net	52,664		53,736		37,926		38,806
Government-sponsored pooled loan investments	64,556		64,556		63,679		63,679
Liabilities:
Senior notes payable and other debt, gross	11,317,837		11,832,430		11,271,020		11,384,880
Derivative instruments and other liabilities	4,118		4,118		2,696		2,696
Redeemable OP unitholder interests	201,113		201,113		188,546		188,546