| Carrying Amounts and Fair Values of Financial Instruments |
As of June 30, 2017 and December 31, 2016, the carrying amounts and fair values of our financial instruments were as follows: | | | | | | | | | | | | | | | | | | June 30, 2017 | | December 31, 2016 | | Carrying Amount | | Fair Value | | Carrying Amount | | Fair Value | | (In thousands) | Assets: | | | | | | | | Cash and cash equivalents | $ | 103,353 |
| | $ | 103,353 |
| | $ | 286,707 |
| | $ | 286,707 |
| Secured mortgage loans and other, net | 1,339,886 |
| | 1,359,831 |
| | 646,972 |
| | 655,981 |
| Non-mortgage loans receivable, net | 53,724 |
| | 54,587 |
| | 52,544 |
| | 53,626 |
| Government-sponsored pooled loan investments | 55,518 |
| | 55,518 |
| | 55,049 |
| | 55,049 |
| Derivative instruments | 6,716 |
| | 6,716 |
| | 3,302 |
| | 3,302 |
| Liabilities: | | | | | | | | Senior notes payable and other debt, gross | 11,992,233 |
| | 12,234,725 |
| | 11,190,914 |
| | 11,369,440 |
| Derivative instruments | 2,358 |
| | 2,358 |
| | 2,316 |
| | 2,316 |
| Redeemable OP unitholder interests | 171,114 |
| | 171,114 |
| | 177,177 |
| | 177,177 |
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