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FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Fair Value Disclosures [Abstract] |
Carrying Amounts and Fair Values of Financial Instruments | The table below summarizes the carrying amounts and fair values of our financial instruments either recorded or disclosed on a recurring basis (dollars in thousands):
| As of September 30, 2024 |  | As of December 31, 2023
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Assets: |  |  |  |  |  |  |
Cash and cash equivalents (1) | $ | 1,104,733 |  |  | $ | 1,104,733 |  |  | $ | 508,794 |  |  | $ | 508,794 |
Escrow deposits and restricted cash (1) | 60,964 |  |  | 60,964 |  |  | 54,668 |  |  | 54,668 |
Stock warrants (3)(4)(5) | 65,377 |  |  | 65,377 |  |  | 59,281 |  |  | 59,281 |
Secured mortgage loans and other, net (3)(4) | 144,797 |  |  | 145,905 |  |  | 27,986 |  |  | 27,947 |
Non-mortgage loans receivable, net (3)(4)(5) | 23,754 |  |  | 22,895 |  |  | 26,152 |  |  | 25,200 |
Derivative instruments (3)(5) | 9,836 |  |  | 9,836 |  |  | 19,782 |  |  | 19,782 |
Liabilities: |  |  |  |  |  |  |
Senior notes payable and other debt, gross (3)(4) | 13,772,020 |  |  | 13,854,034 |  |  | 13,568,598 |  |  | 13,104,091 |
Derivative instruments (3)(6) | 6,958 |  |  | 6,958 |  |  | 2,525 |  |  | 2,525 |
Redeemable OP Units (2) | 219,017 |  |  | 219,017 |  |  | 173,452 |  |  | 173,452 |
______________________________ (1)The carrying amount approximates fair value due to the short maturity of these instruments. (2)Level 1 within fair value hierarchy. (3)Level 2 within fair value hierarchy. (4)Level 3 within fair value hierarchy. (5)Included in other assets on our Consolidated Balance Sheets. (6)Included in accounts payable and other liabilities on our Consolidated Balance Sheets.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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