FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

As of March 31, 2018 and December 31, 2017, the carrying amounts and fair values of our financial instruments were as follows:

	March 31, 2018				December 31, 2017
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	92,543	$	92,543	$	81,355	$	81,355
Secured mortgage loans and other, net	1,157,638		1,158,987		1,291,694		1,286,322
Non-mortgage loans receivable, net	56,125		56,464		59,857		58,849
Government-sponsored pooled loan investments	54,881		54,881		54,665		54,665
Derivative instruments	6,806		6,806		7,248		7,248
Liabilities:
Senior notes payable and other debt, gross	11,143,235		11,676,671		11,365,633		11,600,750
Derivative instruments	14,003		14,003		5,435		5,435
Redeemable OP Unitholder Interests	120,301		120,301		146,252		146,252