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REAL ESTATE AFFILIATES (Details) (USD $)
3 Months Ended 6 Months Ended 0 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 0 Months Ended 0 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 0 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 0 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
May 31, 2012
Millennium Waterway Apartments
item
Jun. 30, 2013
Equity method investments
Jun. 30, 2012
Equity method investments
Jun. 30, 2013
Equity method investments
Jun. 30, 2012
Equity method investments
Dec. 31, 2012
Equity method investments
Jun. 30, 2013
Cost basis investments
Jun. 30, 2012
Cost basis investments
Dec. 31, 2012
Cost basis investments
Sep. 17, 2012
A & B Properties, Inc.
Jun. 30, 2013
Circle T
Equity method investments
Dec. 31, 2012
Circle T
Equity method investments
Apr. 19, 2012
Forest View/Timbermill Apartments
Jun. 30, 2012
Forest View/Timbermill Apartments
Equity method investments
Jun. 30, 2012
Forest View/Timbermill Apartments
Equity method investments
Oct. 31, 2011
HHMK Development
item
Jun. 30, 2013
HHMK Development
Equity method investments
Jun. 30, 2013
HHMK Development
Equity method investments
Dec. 31, 2012
HHMK Development
Equity method investments
Jun. 30, 2012
Millennium Waterway Apartments
Equity method investments
Jun. 30, 2012
Millennium Waterway Apartments
Equity method investments
Jun. 30, 2013
Millennium Waterway Apartments
Equity method investments
Dec. 31, 2012
Millennium Waterway Apartments
Equity method investments
Jul. 05, 2012
Millennium Woodlands Phase II, LLC.
acre
May 04, 2012
Millennium Woodlands Phase II, LLC.
item
Jun. 30, 2013
Millennium Woodlands Phase II, LLC.
Equity method investments
Dec. 31, 2012
Millennium Woodlands Phase II, LLC.
Equity method investments
Jun. 30, 2013
Parcel D Development, LLC
Equity method investments
Dec. 31, 2012
Parcel D Development, LLC
Equity method investments
Jun. 30, 2013
Stewart Title
Equity method investments
Jun. 30, 2012
Stewart Title
Equity method investments
Jun. 30, 2013
Stewart Title
Equity method investments
Jun. 30, 2012
Stewart Title
Equity method investments
Dec. 31, 2012
Stewart Title
Equity method investments
Jun. 30, 2013
Woodlands Sarofim # 1
Equity method investments
Jun. 30, 2012
Woodlands Sarofim # 1
Equity method investments
Jun. 30, 2013
Woodlands Sarofim # 1
Equity method investments
Jun. 30, 2012
Woodlands Sarofim # 1
Equity method investments
Dec. 31, 2012
Woodlands Sarofim # 1
Equity method investments
Oct. 27, 2011
Columbia Parcel D Joint Venture
May 31, 2013
Summerlin Las Vegas Baseball Club
Aug. 31, 2012
Summerlin Las Vegas Baseball Club
Aug. 06, 2012
Summerlin Las Vegas Baseball Club
Aug. 06, 2012
Summerlin Las Vegas Baseball Club
Las Vegas 51S LLC
Jun. 30, 2013
Summerlin Las Vegas Baseball Club
Equity method investments
Dec. 31, 2012
Summerlin Las Vegas Baseball Club
Equity method investments
Jun. 30, 2013
Properties owned by real estate affiliates
Jun. 30, 2013
Construction loan
Jun. 30, 2013
Construction loan
Columbia Parcel D Joint Venture
May 15, 2013
KR Holdings, LLC
Sep. 17, 2012
KR Holdings, LLC
Jun. 14, 2012
KR Holdings, LLC
Jun. 30, 2013
KR Holdings, LLC
Equity method investments
Jun. 30, 2013
KR Holdings, LLC
Equity method investments
Dec. 31, 2012
KR Holdings, LLC
Equity method investments
item
Sep. 17, 2012
KR Holdings, LLC
Mezzanine loan agreements
item
Real Estate Affiliates                                                                                                                          
Carrying values of the assets associated with the operations of the consolidated VIEs $ 34,100,000   $ 34,100,000   $ 28,300,000                                                                                                                
Carrying values of the liabilities associated with the operations of the consolidated VIEs 2,300,000   2,300,000   1,000,000                                                                                                                
Number of local development partners                                         2                                                                             2  
Ownership ratio in a joint venture (as a percent)                                                                                                 100.00%               50.00%     50.00%  
Number of debt instruments                                                                                                                         2
Amount of borrowings                                                                                                           64,100,000             40,000,000
Blended interest rate (as a percent)                                                                                                                         12.00%
Option to extend, term                                                                                                                         1 year
Preferred return, on capital (as a percent)                                                                                                               13.00%          
Maximum share in the profits of joint venture                             3,000,000                                                                                            
Net cash proceeds from sale of condominium rights                                                                                                             30,800,000            
Percentage of in substance real estate sold                                                                                                             50.00%            
Cash contributed by joint venture partner                                                         3,000,000                               600,000                   16,800,000            
Cash contributed by joint venture partner                                                                                                           7,600,000              
Amount funded in cash to joint venture                                                                                           10,200,000 300,000                            
Percentage of ownership interest of partners in joint venture                                                                                                             50.00%            
Maximum Facility Amount                                                                                                         132,000,000                
Variable rate basis                                                                                                         one-month LIBOR LIBOR              
Interest rate margin (as a percent)                                                                                                         3.00% 2.40%              
Committed pre-development costs                                                                                                                         3,000,000
Area of land contributed to the joint venture (in acres)                                                         4.8                                                                
Fair value of the land contributed to joint venture                                                         15,500,000                               20,300,000                                
Construction loan secured                                                         37,700,000                                                                
Economic/Legal ownership (as a percent)                               50.00% 50.00%         50.00% 50.00% 50.00%     100.00% 100.00%     81.43% 81.43% 50.00% 50.00% 50.00%   50.00%   50.00% 20.00%   20.00%   20.00%       50.00%   50.00% 50.00%             50.00% 50.00% 50.00%  
Aggregate carrying value of unconsolidated VIEs 32,700,000   32,700,000   8,100,000                                                                                                                
Investment in Real Estate Affiliates                                                                                                                          
Economic/Legal ownership (as a percent)                               50.00% 50.00%         50.00% 50.00% 50.00%     100.00% 100.00%     81.43% 81.43% 50.00% 50.00% 50.00%   50.00%   50.00% 20.00%   20.00%   20.00%       50.00%   50.00% 50.00%             50.00% 50.00% 50.00%  
Carrying Value 56,732,000   56,732,000   32,179,000   48,118,000   48,118,000   23,402,000 8,614,000   8,777,000   9,036,000 9,004,000         163,000 163,000 1,257,000             2,196,000 2,190,000 6,302,000 4,330,000 3,887,000   3,887,000   3,871,000 2,526,000   2,526,000   2,450,000           10,500,000 300,000             13,508,000 13,508,000    
Share of Earnings/Dividends 5,707,000 446,000 8,440,000 3,122,000     5,707,000 446,000 5,937,000 746,000   2,503,000 2,376,000           2,000 4,000   153,000 153,000   185,000 406,000                 326,000 257,000 517,000 316,000   37,000 2,000 76,000 20,000                             5,191,000 5,191,000    
Number of units acquired in real estate property           393                                                                                                              
Portion of refinanced mortgage proceeds used to acquire partner's interest           6,900,000                                                                                                              
Non-recourse mortgage assumed           55,600,000                                                                                                              
Term of debt instrument           10 years                                                                                                              
Interest rate (as a percent)           3.75%                                                                                                              
Total assets consolidated into financial statements at fair value as of the acquisition date           78,600,000                                                                                                              
Total liabilities consolidated into financial statements at fair value as of the acquisition date           56,400,000                                                                                                              
Ownership interest (as a percent)           100.00%                                                                                                              
Secured debt                                                                                                       56,700,000                  
Share of the entity in secured debt                                                                                                       29,500,000                  
Share of distributable cash                                   $ 8,600,000                                                                                      
Number of units in Class A multi-family unit in The Woodlands Town Center to be constructed                                                           314