FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of our financial instruments were as follows (dollars in thousands):

	As of March 31, 2022				As of December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	149,599	$	149,599	$	149,725	$	149,725
Escrow deposits and restricted cash	49,848		49,848		46,872		46,872
Stock warrants	77,452		77,452		48,884		48,884
Secured mortgage loans and other, net	488,827		483,491		488,913		478,931
Non-mortgage loans receivable, net (1)	24,116		23,826		19,024		19,039
Government-sponsored pooled loan investments, net	41,561		41,561		41,213		41,213
Derivative instruments (1)	10,410		10,410		1,128		1,128
Liabilities:
Senior notes payable and other debt, gross	12,477,876		12,518,899		12,093,138		12,891,937
Derivative instruments (2)	2,571		2,571		12,290		12,290
Redeemable OP Units	217,225		217,225		182,112		182,112

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(1)Included in other assets on our Consolidated Balance Sheets.

(2)Included in accounts payable and other liabilities on our Consolidated Balance Sheets.