Marketable Securities and Derivative Instruments

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Marketable Securities [Abstract]

Marketable Securities and Derivative Instruments

5. Marketable Securities and Derivative Instruments

Below is a summary of our marketable securities portfolio as of March 31, 2014 and December 31, 2013.

(Amounts in thousands)		As of March 31, 2014						As of December 31, 2013
				GAAP		Unrealized				GAAP		Unrealized
		Fair Value		Cost		Gain		Fair Value		Cost		Gain
Equity securities:
	Lexington	$	201,496	$	72,549	$	128,947	$	188,567	$	72,549	$	116,018
	Other		3,546		59		3,487		3,350		59		3,291
		$	205,042	$	72,608	$	132,434	$	191,917	$	72,608	$	119,309

On March 4, 2013, we sold 10,000,000 J.C. Penney common shares at a price of $16.03 per share, or $160,300,000 in the aggregate, resulting in a net loss of $36,800,000, which is included in “net gain (loss) on disposition of wholly owned and partially owned assets” on our consolidated statements of income.