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SUBSEQUENT EVENT (Details) (USD $)
0 Months Ended 3 Months Ended 0 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
Head Acquisition, LP ("Head")
Oct. 30, 2013
Subsequent event
Head Acquisition, LP ("Head")
Dec. 31, 2013
Subsequent event
Head Acquisition, LP ("Head")
Oct. 04, 2013
Subsequent event
Joint venture partner
item
acre
sqft
Oct. 02, 2013
Subsequent event
6.875% Senior Notes Due 2021
Oct. 24, 2013
Subsequent event
Construction loan
Outlet at Riverwalk
item
Subsequent events                
Aggregate principal amount of debt issued             $ 750,000,000  
Interest rate (as a percent)             6.875%  
Maximum percentage of Notes that can be redeemed using proceeds from equity offerings at any time prior to October 1, 2016             35.00%  
Number of units in Class A apartment building to be constructed           437    
Area of real estate property to be constructed (in square feet)           31,000    
Area of land contributed to the joint venture (in acres)           5    
Book value of the land contributed to joint venture           4,000,000    
Transaction value of the land contributed to joint venture           23,400,000    
Transaction value, per constructed unit of land contributed to joint venture           53,500    
Mortgages, notes and loans payable 765,980,000 688,312,000           64,400,000
Variable rate basis               one-month LIBOR
Interest rate margin (as a percent)               2.75%
Number of extension options               2
Option to extend, term               1 year
Net cash proceeds       13,300,000        
Gain from sale         8,500,000      
Deferred tax asset due to book/tax basis differences     $ 76,400,000          
Percentage of principal amount at which Notes can be redeemed             106.875%