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SEGMENTS (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Segments reporting        
Land sales $ 40,218 $ 34,152 $ 120,235 $ 75,692
Builder price participation 1,867 1,233 4,208 2,351
Minimum rents 23,135 19,403 62,609 53,098
Tenant recoveries 6,065 5,398 17,932 14,537
Condominium unit sales   9,071 267 19,495
Other land revenues 6,385 5,537 13,433 9,093
Resort and conference center revenues 8,328 7,200 29,954 7,200
Other rental and property revenues 8,817 4,679 19,879 9,130
Total revenues 94,815 86,673 268,517 190,596
Cost of sales - land 21,439 27,033 63,096 51,907
Condominium unit cost of sales   5,470 96 13,722
Master Planned Community operations 9,936 10,734 30,962 22,313
Rental property real estate taxes 3,574 2,010 10,583 7,793
Rental property maintenance costs 2,263 2,155 6,304 5,278
Resort and conference center operations 6,965 6,352 21,750 6,352
Other property operating costs 16,933 14,961 46,306 34,413
Provision for (recovery of) doubtful accounts 240 (141) 285 174
Depreciation and amortization 6,764 7,208 17,715 13,592
Interest income (2,375) (2,341) (7,048) (7,097)
Interest expense 445   646  
Early extinguishment of debt   11,305   11,305
Equity in Earnings from Real Estate Affiliates (310) (166) (3,432) (7,787)
Segment Basis
       
Segments reporting        
REP EBT 26,830 (358) 74,946 36,225
Segment Basis | Master Planned Communities
       
Segments reporting        
Land sales 40,218 34,152 120,235 122,465
Builder price participation 1,867 1,233 4,208 3,459
Minimum rents 130 122 384 753
Other land revenues 6,385 5,597 13,401 13,017
Other rental and property revenues (7)   28  
Total revenues 48,593 41,104 138,256 139,694
Cost of sales - land 21,439 27,033 63,096 75,839
Land sales operations 8,209 8,430 25,382 24,782
Land sales real estate and business taxes 1,751 2,059 5,533 6,009
Depreciation and amortization 64 23 67 69
Interest income (49) (70) (179) (434)
Interest expense (3,638) (3,808) (10,709) (11,306)
Total expenses 27,776 33,667 83,190 94,959
Venture partner share of The Woodlands EBT       (10,088)
REP EBT 20,817 7,437 55,066 34,647
Segment Basis | Operating Assets
       
Segments reporting        
Minimum rents 22,788 19,072 61,532 54,504
Tenant recoveries 6,030 5,387 17,817 15,452
Resort and conference center revenues 8,328 7,200 29,954 26,306
Other rental and property revenues 4,342 4,593 15,307 15,026
Total revenues 41,488 36,252 124,610 111,288
Rental property real estate taxes 2,934 2,829 8,160 8,139
Rental property maintenance costs 2,126 2,016 5,851 5,284
Resort and conference center operations 6,965 6,352 21,750 20,256
Other property operating costs 14,853 14,249 43,274 40,776
Provision for (recovery of) doubtful accounts 237 (136) 386 308
Depreciation and amortization 6,440 6,961 16,969 17,168
Interest income (48) (46) (134) (81)
Interest expense 4,313 4,050 11,373 11,459
Early extinguishment of debt   11,305   11,305
Equity in Earnings from Real Estate Affiliates (310) (166) (3,432) (3,139)
Total expenses 37,510 47,414 104,197 111,475
Venture partner share of The Woodlands EBT       (1,067)
REP EBT 3,978 (11,162) 20,413 (1,254)
Segment Basis | Strategic Developments
       
Segments reporting        
Minimum rents 217 209 693 658
Tenant recoveries 35 11 115 146
Condominium unit sales   9,071 267 19,495
Other land revenues   (60) 32  
Other rental and property revenues 4,482 86 4,544 1,096
Total revenues 4,734 9,317 5,651 21,395
Condominium unit cost of sales   5,470 96 13,722
Condominium sales operations (24) 245 47 860
Rental property real estate taxes 640 (819) 2,423 626
Rental property maintenance costs 137 139 453 471
Other property operating costs 2,080 712 3,032 2,697
Provision for (recovery of) doubtful accounts 3 (5) (101) (143)
Depreciation and amortization 56 59 173 176
Interest expense (193) 149 61 154
Total expenses 2,699 5,950 6,184 18,563
REP EBT 2,035 3,367 (533) 2,832
Consolidated Properties
       
Segments reporting        
REP EBT 26,520 (524) 71,514 23,728
Consolidated Properties | Master Planned Communities
       
Segments reporting        
Land sales 40,218 34,152 120,235 75,692
Builder price participation 1,867 1,233 4,208 2,351
Minimum rents 130 122 384 739
Other land revenues 6,385 5,597 13,401 9,093
Other rental and property revenues (7)   28  
Total revenues 48,593 41,104 138,256 87,875
Cost of sales - land 21,439 27,033 63,096 51,907
Land sales operations 8,209 8,430 25,382 16,343
Land sales real estate and business taxes 1,751 2,059 5,533 5,110
Depreciation and amortization 64 23 67 23
Interest income (49) (70) (179) (70)
Interest expense (3,638) (3,808) (10,709) (8,936)
Total expenses 27,776 33,667 83,190 64,377
REP EBT 20,817 7,437 55,066 23,498
Consolidated Properties | Operating Assets
       
Segments reporting        
Minimum rents 22,788 19,072 61,532 51,701
Tenant recoveries 6,030 5,387 17,817 14,391
Resort and conference center revenues 8,328 7,200 29,954 7,200
Other rental and property revenues 4,342 4,593 15,307 8,034
Total revenues 41,488 36,252 124,610 81,326
Rental property real estate taxes 2,934 2,829 8,160 7,167
Rental property maintenance costs 2,126 2,016 5,851 4,807
Resort and conference center operations 6,965 6,352 21,750 6,352
Other property operating costs 14,853 14,249 43,274 31,716
Provision for (recovery of) doubtful accounts 237 (136) 386 317
Depreciation and amortization 6,440 6,961 16,969 13,200
Interest income (48) (46) (134) (79)
Interest expense 4,313 4,050 11,373 9,143
Early extinguishment of debt   11,305   11,305
Total expenses 37,820 47,580 107,629 83,928
REP EBT 3,668 (11,328) 16,981 (2,602)
Consolidated Properties | Strategic Developments
       
Segments reporting        
Minimum rents 217 209 693 658
Tenant recoveries 35 11 115 146
Condominium unit sales   9,071 267 19,495
Other land revenues   (60) 32  
Other rental and property revenues 4,482 86 4,544 1,096
Total revenues 4,734 9,317 5,651 21,395
Condominium unit cost of sales   5,470 96 13,722
Condominium sales operations (24) 245 47 860
Rental property real estate taxes 640 (819) 2,423 626
Rental property maintenance costs 137 139 453 471
Other property operating costs 2,080 712 3,032 2,697
Provision for (recovery of) doubtful accounts 3 (5) (101) (143)
Depreciation and amortization 56 59 173 176
Interest expense (193) 149 61 154
Total expenses 2,699 5,950 6,184 18,563
REP EBT 2,035 3,367 (533) 2,832
Real Estate Affiliates
       
Segments reporting        
REP EBT 310 166 3,432 12,497
Real Estate Affiliates | Master Planned Communities
       
Segments reporting        
Land sales       46,773
Builder price participation       1,108
Minimum rents       14
Other land revenues       3,924
Total revenues       51,819
Cost of sales - land       23,932
Land sales operations       8,439
Land sales real estate and business taxes       899
Depreciation and amortization       46
Interest income       (364)
Interest expense       (2,370)
Total expenses       30,582
Venture partner share of The Woodlands EBT       (10,088)
REP EBT       11,149
Real Estate Affiliates | Operating Assets
       
Segments reporting        
Minimum rents       2,803
Tenant recoveries       1,061
Resort and conference center revenues       19,106
Other rental and property revenues       6,992
Total revenues       29,962
Rental property real estate taxes       972
Rental property maintenance costs       477
Resort and conference center operations       13,904
Other property operating costs       9,060
Provision for (recovery of) doubtful accounts       (9)
Depreciation and amortization       3,968
Interest income       (2)
Interest expense       2,316
Equity in Earnings from Real Estate Affiliates (310) (166) (3,432) (3,139)
Total expenses (310) (166) (3,432) 27,547
Venture partner share of The Woodlands EBT       (1,067)
REP EBT $ 310 $ 166 $ 3,432 $ 1,348