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SEGMENTS (Details 3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Reconciliation of REP EBT to GAAP net income (loss)        
General and administrative $ (9,339) $ (8,673) $ (25,896) $ (21,156)
Corporate interest income 2,375 2,341 7,048 7,097
Corporate interest expense (445)   (646)  
Warrant liability gain (loss) (64,303) 169,897 (162,724) 100,762
Benefit (provision) for income taxes (2,618) 7,760 (7,703) 4,344
Reduction in tax indemnity receivable (2,873)   (11,655)  
Equity in earnings from Real Estate Affiliates 310 166 3,432 7,787
Investment in Real Estate Affiliate basis adjustment   (6,053)   (6,053)
Net income (loss) (50,192) 165,024 (126,724) 116,528
Unallocated amount to segment
       
Reconciliation of REP EBT to GAAP net income (loss)        
General and administrative (9,339) (8,673) (25,896) (21,156)
Corporate interest income 2,315 2,616 6,814 7,309
Warrant liability gain (loss) (64,303) 169,897 (162,724) 100,762
Benefit (provision) for income taxes (2,618) 7,760 (7,703) 4,344
Reduction in tax indemnity receivable (2,873)   (11,655)  
Equity in earnings from Real Estate Affiliates 310 166 3,432 7,787
Investment in Real Estate Affiliate basis adjustment   (6,053)   (6,053)
Corporate depreciation (204) (165) (506) (193)
Net income (loss) (50,192) 165,024 (126,724) 116,528
Segment Basis
       
Reconciliation of REP EBT to GAAP net income (loss)        
Real estate property EBT 26,830 (358) 74,946 36,225
Real Estate Affiliates
       
Reconciliation of REP EBT to GAAP net income (loss)        
Real estate property EBT (310) (166) (3,432) (12,497)
Consolidated Properties
       
Reconciliation of REP EBT to GAAP net income (loss)        
Real estate property EBT $ 26,520 $ (524) $ 71,514 $ 23,728