Disclosure about Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2011

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

Carrying amounts and estimated fair values of financial instruments


	June 30, 2011				December 31, 2010
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial Assets:
Mortgage loans receivable	$	75,171	$	81,005	$	109,283	$	111,255
Other real estate loans receivable		251,480		253,360		327,297		333,003
Available-for-sale equity investments		1,189		1,189		1,103		1,103
Cash and cash equivalents		328,758		328,758		131,570		131,570

Financial Liabilities:
Borrowings under unsecured lines of credit arrangements	$	—	$	—	$	300,000	$	300,000
Senior unsecured notes		4,429,992		4,464,930		3,034,949		3,267,638
Secured debt		1,889,873		1,977,949		1,125,906		1,178,081
Interest rate swap agreements		1,414		1,414		482		482

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


	Fair Value Measurements as of June 30, 2011
	Total			Level 1		Level 2			Level 3
Available-for-sale equity investments⁽¹⁾	$	1,189		$	1,189	$	—		$	—
Interest rate swap agreements⁽²⁾		(1,414	)		—		(1,414	)		—

Totals	$	(225	)	$	1,189	$	(1,414	)	$	—

- Definition

This item represents certain of the disclosures concerning the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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