FAIR VALUES MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Financial Instruments

The table below summarizes the carrying amounts and fair values of our financial instruments either recorded or disclosed on a recurring basis (dollars in thousands):

	As of June 30, 2024				As of December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents (1)	$	557,082	$	557,082	$	508,794	$	508,794
Escrow deposits and restricted cash (1)	58,202		58,202		54,668		54,668
Stock warrants (3)(5)	61,100		61,100		59,281		59,281
Secured mortgage loans and other, net (3)(4)	36,195		36,248		27,986		27,947
Non-mortgage loans receivable, net (3)(4)(5)	29,347		28,314		26,152		25,200
Derivative instruments (3)(5)	26,445		26,445		19,782		19,782
Liabilities:
Senior notes payable and other debt, gross (3)(4)	13,275,541		12,770,607		13,568,598		13,104,091
Derivative instruments (3)(6)	919		919		2,525		2,525
Redeemable OP Units (2)	175,076		175,076		173,452		173,452

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(1)The carrying amount approximates fair value due to the short maturity of these instruments.

(2)Level 1 within fair value hierarchy.

(3)Level 2 within fair value hierarchy.

(4)Level 3 within fair value hierarchy.

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

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