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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2021
Financial Instruments, Owned, at Fair Value [Abstract] |
Summary of Carry Amounts and Fair Value of Financial Instruments | The table below summarizes the carrying amounts and fair values of the Company’s financial instruments (in thousands):
| September 30, 2021(3) |  | December 31, 2020(3)
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Loans receivable, net(2) | $ | 411,062 |  |  | $ | 411,082 |  |  | $ | 195,375 |  |  | $ | 201,228 |
Marketable debt securities(2) | 20,836 |  |  | 20,836 |  |  | 20,355 |  |  | 20,355 |
Interest rate cap assets(2) | 196 |  |  | 196 |  |  | — |  |  | — |
Bank line of credit and commercial paper(2) | 1,024,000 |  |  | 1,024,000 |  |  | 129,590 |  |  | 129,590 |
Term loan(2) | — |  |  | — |  |  | 249,182 |  |  | 249,182 |
Senior unsecured notes(1) | 4,157,834 |  |  | 4,606,692 |  |  | 5,697,586 |  |  | 6,517,650 |
Mortgage debt(2)(4) | 356,570 |  |  | 359,274 |  |  | 221,621 |  |  | 221,181 |
Interest rate swap liabilities(2) | — |  |  | — |  |  | 81 |  |  | 81 |
_______________________________________ (1)Level 1: Fair value calculated based on quoted prices in active markets. (2)Level 2: Fair value based on (i) for marketable debt securities, quoted prices for similar or identical instruments in active or inactive markets, respectively, or (ii) for loans receivable, net, mortgage debt, swaps, and caps, standardized pricing models in which significant inputs or value drivers are observable in active markets. For bank line of credit, commercial paper, and term loan, the carrying values are a reasonable estimate of fair value because the borrowings are primarily based on market interest rates and the Company’s credit rating. (3)During the nine months ended September 30, 2021 and year ended December 31, 2020, there were no material transfers of financial assets or liabilities within the fair value hierarchy. (4)For the year ended December 31, 2020, excludes mortgage debt on assets held for sale and discontinued operations of $319 million.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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