Disclosure about Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure about Fair Value of Financial Instruments (Tables) [Abstract]

Carrying amounts and estimated fair values of financial instruments

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

		December 31, 2013				December 31, 2012
		Carrying		Fair		Carrying		Fair
		Amount		Value		Amount		Value
Financial Assets:
	Mortgage loans receivable	$	146,987	$	148,088	$	87,955	$	88,975
	Other real estate loans receivable		185,159		188,920		807,710		820,195
	Available-for-sale equity investments		1,211		1,211		1,384		1,384
	Cash and cash equivalents		158,780		158,780		1,033,764		1,033,764
	Interest rate swap agreements		38		38		0		0
Financial Liabilities:
	Borrowings under unsecured lines of credit arrangements	$	130,000	$	130,000	$	0	$	0
	Senior unsecured notes		7,379,308		7,743,730		6,114,151		6,793,424
	Secured debt		3,058,248		3,168,775		2,336,196		2,515,145
	Interest rate swap agreements		0		0		264		264
	Foreign currency forward contracts		11,637		11,637		7,247		7,247

The Market approach utilized to measure fair value of financial assets and liabilities on recurring basis

	Fair Value Measurements as of December 31, 2013
	Total		Level 1		Level 2		Level 3
Available-for-sale equity investments(1)	$	1,211	$	1,211	$	0	$	0
Interest rate swap agreements(2)		38		0		38		0
Foreign currency forward contracts(2)		(11,637)		0		(11,637)		0
Totals	$	(10,388)	$	1,211	$	(11,599)	$	0
(1) Unrealized gains or losses on equity investments are recorded in accumulated other comprehensive income (loss) at each measurement date.
(2) Please see Note 11 for additional information.