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Disclosure about Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of our financial instruments are as follows as of the dates presented (in thousands):
 December 31, 2020December 31, 2019
 CarryingFairCarryingFair
 AmountValueAmountValue
Financial assets:    
Mortgage loans receivable$293,752 $297,207 $145,686 $150,217 
Other real estate loans receivable149,620 152,211 124,696 128,512 
Equity securities4,636 4,636 15,685 15,685 
Cash and cash equivalents1,545,046 1,545,046 284,917 284,917 
Restricted cash475,997 475,997 100,849 100,849 
Non-real estate loans receivable240,269 255,724 336,854 379,239 
Foreign currency forward contracts, interest rate swaps and cross currency swaps4,668 4,668 18,554 18,554 
Financial liabilities:
Borrowings under unsecured credit facility and commercial paper program$— $— $1,587,597 $1,587,597 
Senior unsecured notes11,420,790 13,093,926 10,336,513 11,400,571 
Secured debt2,377,930 2,451,782 2,990,962 3,041,893 
Foreign currency forward contracts, interest rate swaps and cross currency swaps118,054 118,054 53,601 53,601 
Redeemable OP unitholder interests$116,240 $115,346 $121,440 $121,440 
Summary of Items Measured at Fair Value on Recurring Basis, Assets The following summarizes items measured at fair value on a recurring basis (in thousands):
 
Fair Value Measurements as of December 31, 2020
 TotalLevel 1Level 2Level 3
Equity securities$4,636 $4,636 $— $— 
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)
(113,386)— (113,386)— 
Totals $(108,750)$4,636 $(113,386)$— 
(1) Please see Note 12 for additional information.
Summary of Items Measured at Fair Value on Recurring Basis, Liabilities The following summarizes items measured at fair value on a recurring basis (in thousands):
 
Fair Value Measurements as of December 31, 2020
 TotalLevel 1Level 2Level 3
Equity securities$4,636 $4,636 $— $— 
Foreign currency forward contracts, interest rate swaps and cross currency swaps, net asset (liability)(1)
(113,386)— (113,386)— 
Totals $(108,750)$4,636 $(113,386)$— 
(1) Please see Note 12 for additional information.