CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:
Master Planned Community land sales	$ 251,217	$ 182,643	$ 114,610
Builder price participation	9,356	5,747	3,816
Minimum rents	81,668	82,621	71,178
Tenant recoveries	21,068	23,351	19,323
Condominium rights and unit sales	32,969	267	22,067
Resort and conference center revenues	39,201	39,782	15,744
Other land revenues	17,315	18,073	13,133
Other rental and property revenues	21,816	24,402	15,818
Total revenues	474,610	376,886	275,689
Expenses:
Master Planned Community cost of sales	124,040	89,298	70,108
Master Planned Community operations	38,414	40,506	33,647
Other property operating costs	73,186	63,035	50,549
Rental property real estate taxes	14,291	13,643	10,270
Rental property maintenance costs	8,083	8,655	7,076
Condominium rights and unit cost of sales	16,572	96	14,465
Resort and conference center operations	29,454	29,112	13,220
Provision for (recovery of) doubtful accounts	836	1,224	(235)
Demolition costs	2,078
General and administrative	48,466	36,548	32,342
Other income	(25,869)	(2,125)
Depreciation and amortization	33,845	24,429	16,782
Total expenses	363,396	304,421	248,224
Operating income	111,214	72,465	27,465
Interest income	3,185	9,437	9,876
Interest expense	(9,759)	(964)
Warrant liability gain (loss)	(181,987)	(185,017)	101,584
Reduction in tax indemnity receivable	(1,206)	(20,260)
Equity in earnings from Real Estate Affiliates	14,428	3,683	8,578
Investment in Real Estate Affiliate basis adjustment			(6,053)
Early extinguishment of debt			(11,305)
Income (loss) before taxes	(64,125)	(120,656)	130,145
Provision (benefit) for income taxes	9,570	6,887	(18,325)
Net income (loss)	(73,695)	(127,543)	148,470
Net income attributable to noncontrolling interests	(95)	(745)	(1,290)
Net income (loss) attributable to common stockholders	$ (73,790)	$ (128,288)	$ 147,180
Basic earnings (loss) per share: (in dollars per share)	$ (1.87)	$ (3.36)	$ 3.88
Diluted earnings (loss) per share: (in dollars per share)	$ (1.87)	$ (3.36)	$ 1.17