Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Carrying amounts and fair values of financial instruments

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

	2016				2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	286,707	$	286,707	$	53,023	$	53,023
Secured mortgage loans and other	646,972		655,981		793,433		816,849
Non-mortgage loans receivable, net	52,544		53,626		37,926		38,806
Government-sponsored pooled loan investments	55,049		55,049		63,679		63,679
Derivative instruments	3,302		3,302		—		—
Liabilities:
Senior notes payable and other debt, gross	11,190,914		11,369,440		11,271,020		11,384,880
Derivative instruments	2,316		2,316		2,696		2,696
Redeemable OP unitholder interests	177,177		177,177		188,546		188,546