FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2018

As of September 30, 2018 and December 31, 2017, the carrying amounts and fair values of our financial instruments were as follows:



	September 30, 2018				December 31, 2017
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Assets:
Cash and cash equivalents	$	86,107	$	86,107	$	81,355	$	81,355
Secured mortgage loans and other, net	466,614		452,646		1,291,694		1,286,322
Non-mortgage loans receivable, net	50,478		49,915		59,857		58,849
Senior unsecured notes	208,090		208,090		—		—
Government-sponsored pooled loan investments	61,237		61,237		54,665		54,665
Derivative instruments	10,072		10,072		7,248		7,248
Liabilities:
Senior notes payable and other debt, gross	10,584,000		10,434,164		11,365,633		11,600,750
Derivative instruments	9,119		9,119		5,435		5,435
Redeemable OP Unitholder Interests	130,999		130,999		146,252		146,252