CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash Flows from Operating Activities:
Net income (loss)	$ (126,724)	$ 116,528
Adjustments to reconcile net loss to cash provided by operating activities:
Reduction in tax indemnity receivable	11,655
Equity in earnings (loss) from Real Estate Affiliates, net of distributions	14	(3,693)
Investment in Real Estate Affiliate basis adjustment		6,053
Provision for doubtful accounts	285	174
Depreciation	14,062	11,235
Amortization	3,653	2,357
Amortization of deferred financing costs and debt market rate adjustments, net	(49)	393
Amortization of intangibles other than in-place leases	(263)	(1,205)
Straight-line rent amortization	(379)	(1,223)
Deferred income taxes	6,454	(4,730)
Restricted stock and stock option amortization	3,149	2,500
Warrant liability loss (gain)	162,724	(100,762)
Master Planned Community and condominium development expenditures	(72,741)	(65,813)
Master Planned Community and condominium cost of sales	60,407	65,359
Net changes:
Accounts and notes receivable	13,284	(1,822)
Prepaid expenses and other assets	1,168	(3,463)
Deferred expenses	(2,377)	(872)
Accounts payable and accrued expenses	(15,341)	2,393
Other, net	279	(1,457)
Cash provided by operating activities	59,260	21,952
Cash Flows from Investing Activities:
Real estate and property expenditures	(36,815)	(25,015)
Cash acquired from The Woodlands acquisition, net of cash consideration		5,493
Reimbursement for infrastructure improvements from municipality		5,560
Proceeds from dispositions		1,130
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, net	(496)
Decrease in restricted cash	4,251
Cash used in investing activities	(20,326)	(12,832)
Cash Flows from Financing Activities:
Proceeds from issuance of mortgages, notes and loans payable	44,828	241,644
Principal payments on mortgages, notes and loans payable	(37,193)	(241,148)
Deferred financing costs	(1,281)	(2,935)
Proceeds from issuance of management warrants		2,000
Cash provided by (used in) financing activities	6,354	(439)
Net change in cash and cash equivalents	45,288	8,681
Cash and cash equivalents at beginning of period	227,566	284,682
Cash and cash equivalents at end of period	272,854	293,363
Supplemental Disclosure of Cash Flow Information:
Interest paid	16,398	15,272
Interest capitalized	19,737	16,687
Income taxes paid	966
Consolidation of partner's interest:
Special Improvement District bond transfers associated with land sales	(2,689)	(3,188)
Real estate and property expenditures	11,984
Acquisition note related to The Woodlands (See Note 4)		96,500
Debt assumed from The Woodlands' acquisition (See Note 4)		296,695
Prepetition liabilities funded by GGP		3,323
MPC land contributed to Real Estate Affiliate	(2,190)
Purchase of land from GGP	(1,315)
Millennium Waterway Apartments
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 acquisition	22,405
The Woodlands
Consolidation of partner's interest:
Reduction in investments in Real Estate Affiliates due to the acquisition		(128,764)
70 Columbia Corporate Center
Consolidation of partner's interest:
Land	(1,281)
Building and equipment	(13,089)
Other Assets	(2,957)
Mortgages, notes and loans payable	16,037
Other liabilities	$ 1,290