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ACQUISITIONS AND DISPOSITIONS (Details 2) (USD $)
1 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Aug. 31, 2012
Dec. 31, 2012
May 14, 2012
Millennium Woodlands Phase II, LLC
item
Aug. 15, 2012
70 Columbia Corporate Center
sqft
Aug. 31, 2012
70 Columbia Corporate Center
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Dec. 31, 2013
70 Columbia Corporate Center
May 31, 2012
Millennium Waterway Apartments
item
Dec. 31, 2012
Millennium Waterway Apartments
Jul. 02, 2011
The Woodlands
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acre
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Jul. 31, 2011
The Woodlands
Jun. 30, 2011
The Woodlands
Dec. 31, 2011
The Woodlands
Dec. 31, 2013
The Woodlands
Dec. 31, 2011
The Woodlands
Acquisitions                            
Area of real estate property acquired (in square foot)       169,590                    
Percentage of appreciation in the market value of building         30.00%                  
Interest rate (as a percent)           4.25% 3.75%              
Percentage of building leased at closing       23.70%                    
Area of building leased         76,308                  
Percentage of occupancy after lease is executed       68.70%                    
Amount deposited in escrow account       $ 5,000,000                    
Percentage of cumulative preferred return after debt service on amount invested in property         10.00%                  
Original contributed equity         5,000,000                  
Percentage distribution of excess proceeds after repayment of outstanding debt and preferred return 70.00%       30.00%                  
Purchase price       17,500,000         117,500,000          
Number of units acquired in real estate property             393   865          
Portion of refinanced mortgage proceeds used to acquire partner's interest   2,721,000         6,900,000   20,000,000          
Non-recourse mortgage assumed             55,600,000              
Term of debt instrument             10 years              
Total assets consolidated into financial statements at fair value as of the acquisition date             78,600,000   587,558,000          
Liabilities acquired consolidated             56,400,000   338,600,000          
Ownership interest (as a percent)             100.00%              
Revenues               4,400,000       84,600,000    
Net income (loss)               (1,300,000)       500,000    
Number of units in Class A multi-family unit in The Woodlands Town Center to be constructed     314       314              
Percentage of economic interest acquired                 47.50%          
Percentage of legal interest acquired                 57.50%          
Area of unsold residential land acquired (in acres)                 1,324          
Lots of unsold residential land acquired                 4,395          
Area of unsold commercial land acquired (in acres)                 962          
Area of office space acquired (in square feet)                 434,328          
Area of retail and service space acquired (in square feet)                 203,282          
Number of room resorts and conference centre                 440          
Number of holes on the golf and country club acquired                 36          
Acquisition price represented by a non-interest bearing promissory note                 97,500,000          
Contingent consideration                 0          
Estimated useful life                   40 years        
After-tax loss on the remeasurement relating to existing economic interest                     (3,900,000)      
Existing economic interest (as a percent)                     52.50%      
Net book value of existing economic interest                     134,800,000      
Amounts recorded for the assets acquired and liabilities assumed at the acquisition date                            
Master Planned Community Assets                 267,251,000          
Land                 44,597,000          
Buildings and Equipment                 116,061,000          
Investments in Real Estate Affiliates                 36,764,000          
Cash                 25,492,000          
Accounts receivable                 7,548,000          
Notes receivable                 3,189,000          
Municipal Utility District receivables                 61,700,000          
Other assets                 24,956,000          
Total assets             78,600,000   587,558,000          
Mortgages, notes and loans payable                 (296,695,000)          
Accounts payable and accrued expenses                 (41,900,000)          
Noncontrolling interests                 (3,700,000)          
Total liabilities and noncontrolling interests                 (342,295,000)          
Total identifiable net assets                 245,263,000          
Impact of increase in cost of sales on net loss                       6,100,000    
Pro Forma Information                            
Total revenues                           357,472,000
Net income (loss)                           $ 157,520,000
Effective tax rate (as a percent)                         36.00%