CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash Flows from Operating Activities:
Net loss	$ (86,331)	$ (23,170)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation	9,346	5,483
Amortization	1,163	961
Amortization of deferred financing costs and debt market rate adjustments, net	1,014	144
Amortization of intangibles other than in-place leases	161	260
Straight-line rent amortization	(472)	70
Deferred income taxes	4,465	2,196
Restricted stock and stock option amortization	1,764	1,143
Gain on disposition of asset	(2,373)
Warrant liability loss	96,440	33,027
Reduction in tax indemnity receivable		1,904
Equity in earnings from Real Estate and Other Affiliates, net of distributions	(3,743)	70
Provision for doubtful accounts	143	429
Master Planned Community development expenditures	(28,434)	(33,329)
Master Planned Community cost of sales	20,815	22,553
Condominium development expenditures	(5,604)
Condominium and other cost of sales	1,571
Percentage of completion revenue recognition from sale of condominium rights	(3,126)
Net changes:
Accounts and notes receivable	19,780	(3,472)
Prepaid expenses and other assets	(38,786)	463
Deferred expenses	(3,093)	2,397
Accounts payable and accrued expenses	38,147	4,940
Other, net	3,378	570
Cash provided by operating activities	26,225	16,639
Cash Flows from Investing Activities:
Property and equipment expenditures	(2,053)	(1,563)
Operating property improvements	(877)	(2,313)
Operating property redevelopments	(137,579)	(40,064)
Investments in Real Estate and Other Affiliates, net	(807)	(1,537)
Proceeds from dispositions	5,500
Change in restricted cash	(4,943)	(11,121)
Cash used in investing activities	(140,759)	(56,598)
Cash Flows from Financing Activities:
Proceeds from issuance of mortgages, notes and loans payable	48,811	68,313
Principal payments on mortgages, notes and loans payable	(2,138)	(57,003)
Preferred dividend payment on behalf of REIT subsidiary		(12)
Cash provided provided by financing activities	46,673	11,298
Net change in cash and cash equivalents	(67,861)	(28,661)
Cash and cash equivalents at beginning of period	894,948	229,197
Cash and cash equivalents at end of period	827,087	200,536
Supplemental Disclosure of Cash Flow Information:
Interest paid	7,051	7,348
Interest capitalized	11,281	9,869
Income taxes paid		885
Non-Cash Transactions:
Special Improvement District bond transfers associated with land sales	2,259	3,146
Real estate and property expenditures	$ 25,550	$ 17,136