	Economic/ Legal Ownership				Carrying Value				Share of Earnings/Dividends
	June 30,		December 31,		June 30,		December 31,		Three Months Ended June 30,					Six Months Ended June 30,
	2014		2013		2014		2013		2014			2013		2014			2013
	(In percentages)				(In thousands)				(In thousands)
Equity Method Investments:
Circle T Ranch and Power Center	50.00	%	50.00	%	$	9,004	$	9,004	$	—		$	—	$	—		$	—
HHMK Development (a)	50.00	%	50.00	%	13		13		193			153		483			153
KR Holdings (a)	50.00	%	50.00	%	34,059		19,764		5,726			5,191		9,735			5,191
Millennium Phase II (a)	81.43	%	81.43	%	2,129		2,174		(99		)	—		(135		)	—
Parcel C (a)	50.00	%	50.00	%	7,245		5,801		—			—		—			—
Stewart Title	50.00	%	50.00	%	4,013		3,843		425			326		518			517
Summerlin Apartments, LLC (a)	50.00	%	—		—		—		—			—		—			—
Summerlin Las Vegas Baseball Club, LLC (a)	50.00	%	50.00	%	10,813		10,636		302			—		176			—
Parcel D (b)	50.00	%	50.00	%	3,642		3,461		—			—		—			—
Woodlands Sarofim	20.00	%	20.00	%	2,573		2,579		40			37		97			76
					73,491		57,275		6,587			5,707		10,874			5,937
Cost basis investments (c)					3,793		3,746		—			—		1,781			2,503
Investment in Real Estate and Other Affiliates					$	77,284	$	61,021	$	6,587		$	5,707	$	12,655		$	8,440

(a) Equity method variable interest entities.

(b) This entity was previously considered a VIE, whose reassessment in 2013 caused it to no longer be considered a VIE. Please refer to the discussion in the section following the table.