FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

As of September 30, 2017 and December 31, 2016, the carrying amounts and fair values of our financial instruments were as follows:

	September 30, 2017				December 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	85,063	$	85,063	$	286,707	$	286,707
Secured mortgage loans and other, net	1,297,956		1,316,664		646,972		655,981
Non-mortgage loans receivable, net	54,955		55,098		52,544		53,626
Government-sponsored pooled loan investments	54,478		54,478		55,049		55,049
Derivative instruments	5,264		5,264		3,302		3,302
Liabilities:
Senior notes payable and other debt, gross	11,511,618		11,768,668		11,190,914		11,369,440
Derivative instruments	2,334		2,334		2,316		2,316
Redeemable OP unitholder interests	160,765		160,765		177,177		177,177