| Fair value of debt |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
June 30, 2012 |
|
|
December 31, 2011 |
|
| |
|
Carrying Value |
|
|
Fair Value |
|
|
Carrying Value |
|
|
Fair Value |
|
|
Debt:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Facilities
|
|
$ |
1,138,414 |
|
|
$ |
1,143,735 |
|
|
$ |
936,796 |
|
|
$ |
940,334 |
|
|
Senior notes
|
|
|
4,684,152 |
|
|
|
5,201,866 |
|
|
|
4,772,607 |
|
|
|
5,038,678 |
|
|
Exchangeable senior notes
|
|
|
877,776 |
|
|
|
994,694 |
|
|
|
1,315,448 |
|
|
|
1,431,805 |
|
|
Secured mortgage debt
|
|
|
3,115,437 |
|
|
|
3,248,920 |
|
|
|
1,699,363 |
|
|
|
1,832,931 |
|
|
Secured mortgage debt of consolidated entities
|
|
|
1,366,837 |
|
|
|
1,361,701 |
|
|
|
1,495,047 |
|
|
|
1,485,808 |
|
|
Other debt of consolidated entities
|
|
|
602,938 |
|
|
|
612,456 |
|
|
|
775,763 |
|
|
|
751,075 |
|
|
Other debt
|
|
|
648,031 |
|
|
|
650,729 |
|
|
|
387,384 |
|
|
|
389,804 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total debt
|
|
$ |
12,433,585 |
|
|
$ |
13,214,101 |
|
|
$ |
11,382,408 |
|
|
$ |
11,870,435 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|