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REAL ESTATE AFFILIATES (Details) (USD $)
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Dec. 31, 2013
item
Dec. 31, 2012
Dec. 31, 2011
May 31, 2012
Millennium Waterway Apartments
item
Dec. 31, 2013
Equity method investments
Dec. 31, 2012
Equity method investments
Dec. 31, 2011
Equity method investments
Dec. 31, 2013
Cost basis investments
Dec. 31, 2012
Cost basis investments
Dec. 31, 2011
Cost basis investments
Dec. 31, 2013
Hexalon
Dec. 31, 2011
Circle T Ranch and Power Center
Equity method investments
Dec. 31, 2013
Circle T Ranch and Power Center
Equity method investments
Dec. 31, 2012
Circle T Ranch and Power Center
Equity method investments
Apr. 19, 2012
Forest View/Timbermill Apartments
Dec. 31, 2012
Forest View/Timbermill Apartments
Equity method investments
Dec. 31, 2011
Forest View/Timbermill Apartments
Equity method investments
Dec. 31, 2013
HHMK Development, LLC
Dec. 31, 2013
HHMK Development, LLC
Equity method investments
Dec. 31, 2012
HHMK Development, LLC
Equity method investments
May 15, 2013
KR Holdings, LLC
Sep. 17, 2012
KR Holdings, LLC
Jun. 14, 2012
KR Holdings, LLC
Dec. 31, 2013
KR Holdings, LLC
Dec. 31, 2013
KR Holdings, LLC
Equity method investments
Dec. 31, 2012
KR Holdings, LLC
Equity method investments
Sep. 17, 2012
KR Holdings, LLC
A & B Properties, Inc.
Sep. 17, 2012
KR Holdings, LLC
Mezzanine loan agreements
item
Dec. 31, 2013
KR Holdings, LLC
Construction loan
Dec. 31, 2012
Millennium Waterway Apartments
Equity method investments
Dec. 31, 2011
Millennium Waterway Apartments
Equity method investments
Dec. 31, 2013
Millennium Waterway Apartments
Equity method investments
Jul. 05, 2012
Millennium Woodlands Phase II, LLC
acre
May 14, 2012
Millennium Woodlands Phase II, LLC
item
Dec. 31, 2013
Millennium Woodlands Phase II, LLC
Equity method investments
Dec. 31, 2012
Millennium Woodlands Phase II, LLC
Equity method investments
Dec. 31, 2013
Stewart Title
Equity method investments
Dec. 31, 2012
Stewart Title
Equity method investments
Dec. 31, 2011
Stewart Title
Equity method investments
May 31, 2013
Summerlin Las Vegas Baseball Club
Aug. 31, 2012
Summerlin Las Vegas Baseball Club
Aug. 06, 2012
Summerlin Las Vegas Baseball Club
Aug. 06, 2012
Summerlin Las Vegas Baseball Club
Las Vegas 51S LLC
Dec. 31, 2013
Summerlin Las Vegas Baseball Club
Equity method investments
Dec. 31, 2012
Summerlin Las Vegas Baseball Club
Equity method investments
Jul. 11, 2013
The Metropolitan Downtown Columbia Project
Oct. 27, 2011
The Metropolitan Downtown Columbia Project
Dec. 31, 2013
The Metropolitan Downtown Columbia Project
Equity method investments
Dec. 31, 2012
The Metropolitan Downtown Columbia Project
Equity method investments
Jul. 11, 2013
The Metropolitan Downtown Columbia Project
Construction loan
Dec. 31, 2011
The Woodlands
Equity method investments
Dec. 31, 2013
The Woodlands
Equity method investments
Dec. 31, 2012
The Woodlands
Equity method investments
Jun. 30, 2011
The Woodlands
Equity method investments
Dec. 31, 2013
Woodlands Sarofim # 1
Equity method investments
Dec. 31, 2012
Woodlands Sarofim # 1
Equity method investments
Dec. 31, 2011
Woodlands Sarofim # 1
Equity method investments
Oct. 30, 2012
Bridges at Mint Hill, LLC
Dec. 31, 2013
Properties owned by real estate affiliates
Oct. 04, 2013
Parcel C
item
acre
sqft
Dec. 31, 2013
Parcel C
Equity method investments
Dec. 31, 2012
Parcel C
Equity method investments
Investment in Real Estate Affiliates                                                                                                                            
Economic/Legal ownership (as a percent)                         50.00% 50.00%         50.00% 50.00%         50.00% 50.00%       100.00%   100.00%     81.43% 81.43% 50.00% 50.00%       50.00%   50.00% 50.00%     50.00% 50.00%     100.00% 100.00% 52.50% 20.00% 20.00%         50.00% 50.00%
Carrying Value $ 61,021,000 $ 32,179,000     $ 57,275,000 $ 23,402,000   $ 3,746,000 $ 8,777,000       $ 9,004,000 $ 9,004,000         $ 13,000 $ 1,257,000         $ 19,764,000                   $ 2,174,000 $ 2,190,000 $ 3,843,000 $ 3,871,000           $ 10,636,000 $ 300,000     $ 3,461,000 $ 4,330,000           $ 2,579,000 $ 2,450,000         $ 5,801,000  
Share of Earnings/Dividends 14,428,000 3,683,000 8,578,000   11,925,000 1,307,000 4,685,000 2,503,000 2,376,000 3,893,000   (1,000)       4,000 5,000   732,000           9,877,000         407,000 682,000       (74,000)   1,223,000 902,000 204,000         (13,000)             3,731,000       180,000 (6,000) 64,000          
Share of distributable cash     1,429,000                       8,600,000                                                                                              
Portion of refinanced mortgage proceeds used to acquire partner's interest   2,721,000   6,900,000                                                                                                                    
Gain from sale                     8,500,000                                                                                                      
Secured debt                                                                                                                     69,200,000      
Share of the entity in secured debt                                                                                                                     39,000,000      
Aggregate carrying value of unconsolidated VIEs 38,400,000 7,800,000                                                                                                                        
Number of variable interest entities in which entity is primary beneficiary 2                                                                                                                          
Carrying values of the assets associated with the operations of the consolidated VIEs 31,700,000 28,300,000                                                                                                                        
Carrying values of the liabilities associated with the operations of the consolidated VIEs 800,000 1,000,000                                                                                                                        
Amount funded in cash to joint venture                                                                               10,200,000 300,000                                 4,500,000        
Economic interest (as a percent)                                                                                                                   90.50%        
Ownership percentage before acquiring additional interest                                                                                                                   79.00%        
Area of land contributed to the joint venture (in acres)                                                                 4.8                                                     5    
Number of units in Class A apartment building to be constructed       314                                                           314                                                   437    
Area of real estate property to be constructed (in square feet)                                                                                                                       31,000    
Fair value of the land contributed to joint venture                                                                 15,500,000                         20,300,000                           4,000,000    
Transaction value of the land contributed to joint venture                                                                                                                       23,400,000    
Transaction value, per constructed unit of land contributed to joint venture                                                                                           53,500                           53,500    
Ownership ratio in a joint venture (as a percent)                                             50.00%                                       100.00%                                      
Number of debt instruments                                                       2                                                                    
Aggregate principal amount of debt issued                                                       20,000,000                                           64,100,000                        
Blended interest rate (as a percent)                                                       12.00%                                                                    
Option to extend, term                                                       1 year                                                                    
Preferred return, on capital (as a percent)                                           13.00%                                                                                
Maximum share in the profits of joint venture                                                     3,000,000                                                                      
Net cash proceeds from sale of condominium rights                                         30,800,000                                                                                  
Percentage of in substance real estate sold                                         50.00%                                                                                  
Cash contributed by joint venture partner                                         16,800,000                       3,000,000                         13,300,000                                
Percentage of ownership interest of partners in joint venture                                         50.00%                                                   50.00%                              
Maximum Facility Amount                                                         132,000,000                                                                  
Variable rate basis                                                         one-month LIBOR                                         one-month LIBOR                        
Interest rate margin (as a percent)                                                         3.00%                                         2.40%                        
Total assets                                               189,000,000                                                                            
Total liabilities                                               135,700,000                                                                            
Revenues                                               131,200,000                                                                            
Net income                                               19,700,000                                                                            
Deferred profit                                   6,900,000                                                                                        
Additional improvements made in the venture                                                                                           16,400,000                                
Future contribution required in accordance with the loan agreement                                                                                           3,100,000                                
Distribution of the cash contributed by joint venture partner                                                                                           7,000,000                                
Net profit recognized on partial sale of joint venture interest                                                                                           700,000                                
Construction loan secured                                                                 $ 37,700,000