CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Revenues:
Master Planned Community land sales	$ 36,089	$ 23,392
Builder price participation	813	521
Minimum rents	18,898	16,719
Tenant recoveries	5,871	4,524
Condominium unit sales	134	3,764
Resort and conference center revenues	9,657
Other land revenues	3,516	1,248
Other rental and property revenues	4,787	2,933
Total revenues	79,765	53,101
Expenses:
Master Planned Community cost of sales	18,739	15,436
Master Planned Community operations	9,713	5,714
Rental property real estate taxes	3,839	3,474
Rental property maintenance costs	1,959	1,559
Condominium unit cost of sales	59	2,980
Resort and conference center operations	7,414
Other property operating costs	14,058	9,721
Provision for doubtful accounts		11
General and administrative	9,822	5,017
Depreciation and amortization	5,058	3,199
Total expenses	70,661	47,111
Operating income	9,104	5,990
Interest income	2,332	2,512
Interest expense	0
Warrant liability loss	(121,851)	(126,045)
Equity in earnings from Real Estate Affiliates	2,677	5,513
Loss before taxes	(107,738)	(112,030)
Provision for income taxes	(3,784)	(2,457)
Net loss from continuing operations	(111,522)	(114,487)
Net loss	(111,522)	(114,487)
Net earnings attributable to noncontrolling interests	(736)	(28)
Net loss attributable to common stockholders	$ (112,258)	$ (114,515)
Basic Loss Per Share: (in dollars per share)	$ (2.96)	$ (3.02)
Diluted Loss Per Share: (in dollars per share)	$ (2.96)	$ (3.02)