CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash Flows from Operating Activities:
Net loss	$ (76,532)	$ (48,494)
Adjustments to reconcile net loss to cash provided by operating activities:
Loss on remeasurement of tax indemnity receivable	8,782
Equity in earnings (loss) from Real Estate Affiliates, net of distributions	72	(3,547)
Provision for doubtful accounts	45	315
Depreciation	8,853	5,435
Amortization	2,098	948
Amortization of deferred financing costs and debt market rate adjustments, net	(155)	277
Amortization of intangibles other than in-place leases	(89)	45
Straight-line rent amortization	(482)	(758)
Deferred income taxes	4,612	3,302
Restricted stock and stock option amortization	2,069	876
Warrant liability loss	98,421	69,135
Master Planned Community and condominium development expenditures	(47,235)	(33,206)
Master Planned Community and condominium cost of sales	39,467	29,938
Net changes:
Accounts and notes receivable	9,682	2,512
Prepaid expenses and other assets	2,191	(3,803)
Deferred expenses	(1,730)	(492)
Accounts payable and accrued expenses	(20,508)	(234)
Other, net	(10)	(5,256)
Cash provided by operating activities	29,551	16,993
Cash Flows from Investing Activities:
Real estate and property expenditures	(20,036)	(18,565)
Consideration paid to acquire Millennium Waterway Apartments, net of cash acquired	2,721
Distribution from Millennium Waterway Apartments	6,876
Proceeds from sales of investment in Real Estate Affiliates	8,579
Investments in Real Estate Affiliates	(1,450)	(42)
Decrease in restricted cash	7,703
Cash used in investing activities	(1,049)	(18,607)
Cash Flows from Financing Activities:
Proceeds from issuance of mortgages, notes and loans payable	35,827	29,000
Principal payments on mortgages, notes and loans payable	(36,308)	(38,049)
Deferred financing costs	(1,299)
Proceeds from issuance of warrants		2,000
Distributions to noncontrolling interests		(63)
Cash used in financing activities	(1,780)	(7,112)
Net change in cash and cash equivalents	26,722	(8,726)
Cash and cash equivalents at beginning of period	227,566	284,682
Cash and cash equivalents at end of period	254,288	275,956
Supplemental Disclosure of Cash Flow Information:
Interest paid	10,284	7,410
Interest capitalized	13,253	8,707
Income taxes paid	824
Consolidation of partner's interest:
Land	(15,917)
Building and equipment	(56,002)
Other Assets	(2,669)
Mortgages, notes and loans payable	55,584
Other liabilities	754
Reduction in investments in Real Estate Affiliates due to the Millennium Waterway Apartments' acquisition	22,405
Special Improvement District bond transfers associated with land sales	(2,189)	(3,188)
Real estate and property expenditures	4,345
Prepetition liabilities funded by GGP		$ 2,714